In Q3 2018 market is still a blood bath. A lot of people that involved in crypto losing theirs hopes on a quick moon. ICO market is down. But difficulty of mining is growing up. We need more powerful processors, GPU and so on. Mining was created to give ordinary people get some free coins. Another hand big companies joint into monster to dig more digital gold. Simple person is out of this business. To support a node of ethereum you need more space every month and you get no reward. Do you think its fair enough or we need some new architecture to give mining a new life?
I think mining companies knew that this will gonna happen, it depends when they have started their mining. I think if they have reached the double value of their ROI, they will survive. As of now, the mining industry is already on its darkest moment but they have to hang on. What of the rising of BTC will come?
Simple person, the regular crypto dude is out of the mining business so to say. Mining is mainly done and controlled by huge companies for sure, except some minor shitcoins.
Now it is the big buck that controls the mining market. Both tech costs but it is also is not possible for the regular dude to get [local] government sponsored discounts for cheaper energy costs. The mining companies making huge dough, they just making their operations more cost effective and continuing with old market maker tricks.
....Do you think its fair enough or we need some new architecture to give mining a new life?
New architecture for sure. PoS is not the best solution in my opinion though, obvious flaws in that approach