Ethereum Mining Difficulty Bomb 2017!

ryanblue7s (59) in ethereum • 7 years ago

In today's video I discuss the rapid increase in the mining difficulty of ethereum and my plan to hopefully to earn more profits from my mining contracts

thanks for upvotes!

ethereum mining blog investing freedom

7 years ago by ryanblue7s (59)

$3.19

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lovemetouchme2 (58) · 7 years ago (edited)

You are telling everyone the secret I figured out. I was doing a split, but just recently I uped my allocation of classic. I use my ledger wallet for etc. Also Jaxx has classic as well.

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ryanblue7s (59) · 7 years ago

yeah jax has the exploit where people got hacked and lost over 400k worth of eth wont be using that

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lovemetouchme2 (58) · 7 years ago

Technically that was an OS exploit and not a jaxx exploit, but yes the did not encrypt their phrase file. I stopped using jaxx when they were having Dash issues. It was a blessing because it made me pull the trigger on buying my ledger. It "just works"

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ryanblue7s (59) · 7 years ago

dont you still need a "hot wallet" to go from to your ledger?

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lovemetouchme2 (58) · 7 years ago

Nope. I mine all my cryptos directly to my ledger wallet. Cept for Monero

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palme (45) · 7 years ago (edited)

any thoughts on the exodus wallet (generally)? Ledger has crazy long delivery times now and I am still waiting.

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wilkinshui (69) · 7 years ago

Yeah the mining difficulty has been increasing rapidly and the people who invest in mining• rig is now testing their belief on the long term alt coin trend. I would expect some of those will finally sell their rig and push the price down a little bit.

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doccrypto (52) · 7 years ago

Thanks for the heads-up on Ethereum. I don't have any Ethereum contracts but I think this is some solid advice. Good luck, how you smash it with Ethereum classic...

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redje (44) · 7 years ago

@ryanblue7s Cloud Minning Ftw

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warrenvee (47) · 7 years ago

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vinnyb (34) · 7 years ago

Good pro tip there! Some beautiful scenery too! I've always been a fan of Etc and its limited number of coins. I got burned trying to trade it though, I think I'll just mine and HODL!