If you haven't heard already Ethereum is about to go through a hard fork. With Ethereum changing its PoW (Proof of Work) algorithm to a PoS (Proof of Stake) Ethereum will become impossible to mine on the new network. So we will see two different networks, like how in the past there was Ethereum classic. The scary part comes when we find out that Ethereum is unmineable with this new algorithm. Meaning miners, which created the Ethereum boom could be out of a job. Miners are still the backbone of the network as we speak. So without that we could see the altcoin boom go away, Bitcoin currently makes up 45.5% of the market according to coinmarketcap.com. At the beginning of the year it was as high as 80%. So are we seeing the end of the gpu mining craze? Please leave your opinions.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Check out Cointelegraph's prediction on Ether and what they believe the Difficulty Bomb will do: https://cointelegraph.com/news/bitcoin-ethereum-litecoin-price-analysis-august-24
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I have an ETH cloud mining contract, and, much like others in this position, or with physical hardware, we'll simply start mining other profitable options to convert into ETH. We won't be out of business, just will lose some profitability on exchange fees. On the upside, perhaps this will force change on the community to mine other options and expose themselves to the benefits/visions of other tokens since they'll feel a sense of ownership in this process.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I recommend that you enter https://wcex.co/?ref=urq1g3D you will get 50 free WCX Tokens and 15% if you want to invest, this currency is now in the PRE-ICO stage and is the best time to invest!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit