Ethereum Difficulty will cause exponential Price Increase

in ethereum •  8 years ago 


If you're a miner, you've been watching the difficulty exponentially increasing every single day. The stats speak for themselves and earlier this week there was some talk of the ice age bomb being engaged.

It is very clear that this may be one of the last opportunities to by Ethereum at the 300-400 mark before Ethereum Mining becomes very difficult to make profit from, with the dag size increasing roughly 10 levels per 30-45 days at the current rent. That means we will see DAG 180 within the next 180 days, squeezing out some of the older cards (3GB Memory), as well as causing new AMD cards to drop 30% hash rate due to a weakness in the polaris architecture.

With the difficulty in mining increasing, there will be less Ethereum for sale on the market.

Get ready for that wave.

p.s As for charting. Take a look at the Ethereum difficulty chart and the recent 1 hour chart or Ethereum. It's correction and exchange of hands between old holders and new buyers will possible lead ETH to drop to 300/276 Max before making a brand new high past 400/420 upwards.

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I noticed the harsh ethereum mining difficulty increase too. I'm currently mining ethereum at 30 MH/s and getting out a daily equivalent of roughly 5$ worth of eth... but that number is dwindling at a fast pace!

It's a bit counter intuitive, but Bitcoin mining is still going strong!
I made a post on it here: https://steemit.com/bitcoin/@predprey/is-it-too-late-to-mine-bitcoins-now

Thanks for the heads up. Will keep this in mind :)

Interesting blog. Same thoughts here. Though prices might seam inflated for now I don't think they will look like this 2, 3 years from now. I was wondering if anyone of you uses: https://www.coincheckup.com I'm really enthusiastic about this site, they let you analyze every single coin out there. For example: https://www.coincheckup.com/coins/Ethereum#analysis To see the: Ethereum Research report