Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability
Ethereum has forked and thus implemented changes to their blockchain. ETH reduced their block reward from 3 to 2 Ethereum per block SIGNIFICANTLY reducing miner earnings.
https://www.youtube.com/watch?v=8yXku-FpAno
Unfortunately, Ethereum DID NOT implement ProgPoW which is a newer mining algorithm designed to put ASIC and GPU miners on a leveled playing field. Ethereum current mining algorithm is dominated by ASIC miners as well as FPGA miners -- and of course remaining GPU miners. Ethereum is the coin that really ushered in the mining gold rush of 2017 and early 2018.
Ethereum is still considering ProgPoW which anything other than Ethash (current mining algorithm) would be a welcome change, most popular pools such as Ethermine are supporting this movement, so by simply mining on Ethermine you will signal your support for ProgPoW.
https://www.youtube.com/watch?v=8yXku-FpAno
Unfortunately, Ethereum DID NOT implement ProgPoW which is a newer mining algorithm designed to put ASIC and GPU miners on a leveled playing field. Ethereum current mining algorithm is dominated by ASIC miners as well as FPGA miners -- and of course remaining GPU miners. Ethereum is the coin that really ushered in the mining gold rush of 2017 and early 2018.
Ethereum is still considering ProgPoW which anything other than Ethash (current mining algorithm) would be a welcome change, most popular pools such as Ethermine are supporting this movement, so by simply mining on Ethermine you will signal your support for ProgPoW.