Analysis that Ethereum mining will be close to unprofitable

in ethereum •  6 years ago 

According to Coincryptorama Ethereum's latest EIP1234 reduced mining incentives from three Ethereum to two Ethereum. With the decline in the value of Ethereum the speculations on the Ethereum dump and the reduction in block rewards have left many miners anxious. In response to Ethereum's latest update EIP1234 the Ethereum miners are considering boycotting Ethereum mining. According to TrustNodes mining 1 ETH costs $152 on electricity which is $30 less than Ethereum's current price.

ethereum mining unprofitable eth block
6 years ago by

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