Bottom punched, Hasrat Ethereum has fallen to its lowest level in last 9 months
Source:
Mine is not profitable, so miners with relatively high cost of electricity continue to turn off their farms. The result is visible on the chart changes Hasrat cryptocurrency in November it dropped to the lowest level since February 2018.
Recall that until August, the complexity of production Ethereum only increased, but since the beginning of autumn, Hasrat began to fall. If three months ago, he reached 297 terhesa, now down to 236 of terhesa, that is about 25 percent.
theis it Profitable mine Ethereum
Common miners now face losses. Things are so bad that even a large company with a huge amount of iron trying to stay on the market. According to Trust Nodes, extraction 1 ETH in August costs about 152 USD. This does not include spending on maintenance of equipment.
However, the figure calculated on the basis of the relatively high cost of electricity — more than 12 cents per kilowatt. In some regions of the world (Russia, China and individual US States) it is still possible to profit with video cards, if the price of electricity for less than 5 cents.
In Other words, another «line profitability» is at the level of $ 91. Except that with the consumption of the service cryptoform mining even at five cents for electricity brings very little profit.
What's next? First, the miners will try to sell the extracted ETH at a minimum to cover at least the cost. Secondly, it is now much easier to buy Ethereum than mine, so in the absence of major shocks on the market you can expect the return of consumers.
On the other hand, the rate of inflation Ethereum remains at a relatively high level of 7 per cent for the year. Inflation would fall to 4 per cent with the last phase of renovation of the Metropolis, but the developers of cryptocurrency had it in January 2019. With the transition to Proof-of-Stake issue of new coins ETH will fall another two times.
The most Profitable mine in the Air on the bullet . Find a quality iron will help you in ours .
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
What is the Bitcoin futures? Understand in detail
While captainvalor and enthusiasts look forward to , we decided to learn more about this important step for mass adoption of cryptocurrency. Kodlari about the same expected launch of futures, a tsunami of institutional capital and...
Fraudsters are selling fake best wallet One. How to distinguish a fake from the original?
Fresh entry in the official blog dedicated to fakes. How to write staff during the years of activity of the company in their hands were fake devices and similar analogues. But before the amazing happened – is an exact copy of the ...
Acne Buterin: cryptocurrency and Fiat do not compete with each other
As cryptocurrencies become more widespread, there have been suggestions that over time they will darken Fiat currency from Central banks. However, according to Vitalik Buterin, the current relationship between cryptocurrency and F...
. Canceled: Bakkt postpones the launch of Bitcoin futures
the Current state of the cryptocurrency market makes sad the most persistent. Today, the total capitalization drop below $ 150 billion, and the exchange rate of Bitcoin fell to $ 4380. In a red hue painted the entire top CoinMarke...
John McAfee: do not panic in a bear market
Panic is for the weak. Even fully impaired portfolio with aldaine is not a reason for discouragement. So says John McAfee, known for his bullish about the price of Bitcoin. As he said on Twitter, the last plums of the stock market...
Bitcoin will drop to $ 1,000. Unprecedented bearish analyst
After Bitcoin is still shaking, and with it all the alternative cryptocurrencies. Literally in a few hours and BTC for almost a week continues to fall. At the moment, it ranges at around $ 4,500, while the market capitalization of...
Into the abyss: Bitcoin Cash continues to fall. When the rebound?
Cash is under strong selling pressure, which appeared on the market after a draining of Bitcoin. Hardwork althena was not the best way, even if one of the parties « hasraton» managed to gain a formal victory. In the nea...
Bitcoin price collapsed along with hasraton. The bottom is near?
for the First time this year Bitcoin fell below $ 5,000. The rapid fall of the main cryptocurrency is very much reflected in the stock market — its market capitalization fell to $ 145 billion. A new drain has caused a wave of depr...
Ripple XRP can overtake Bitcoin. How so?
the year 2018 for the most part was not be said about the coin XRP, which got a pretty good jolt. showed that Ripple's XRP has all the chances to around Bitcoin in the near future. Although BTC still kept the dominance in terms of...
OKEx suddenly closed futures contracts on the Bitcoin Cash. Traders take losses
Traders Hong Kong crypto currency exchange OKEx suffered losses after the platform was abolished . This was done in anticipation of , and almost without warning. According to Bloomberg, this has led to significant losses for some ...
Cardano fell below the recent support line. What's next?
Cardano is a relatively young project, and the team of developers is still working according to plan and pleases its investors. In the modern stock market at least a real start — is a rarity. Unfortunately, the price of tokens ADA...
To the front: pool Bitcoin.com directs all its power for Bitcoin mining ABC
according to the new rules, a mining pool Bitcoin.com its users are now able to produce only Bitcoin ABC. If they don't agree with this, miners will have to switch to another pool. This is expressly stated in the last Declaration ...
The Ethereum fell by 13 percent. Who blame intelligence?
the Bears while 100 percent control over the market of cryptocurrencies. became one of the main «victims sellers» — today, the coin fell by 13 percent and continues to fall. The capitalisation of third cryptocurrencies o...
Cardano promises an update to the end of the month. Waiting for growth?
Director General IOHK and Creator of the cryptocurrency Cardano Charles Hoskinson answered questions from subscribers on YouTube. He spoke about the upcoming update and Shelly for Cardano 1.4. According to Hoskinson, the developme...
Reddit Founder Alexis Ohanian in an interview with CNBC said, why for the stabilization and maturity of the stock market, you must first truly collapse. According to him, to provide cryptocurrency industry a strong future, now nee...
Bitcoin ABC won the "war of Harrachov". Fork renamed the Bitcoin Cash
Recall, all the attention, cryptocommunist last week was drawn to Cash Bitcoin, as the cryptocurrency has gone through another procedure . After splitting the blockchain BCH «war of harratov» BSV, between the fork and th...
Network Lightning Network has grown by almost 200 percent over the past month
Network Lightning Network has taken another important step on the way to mass adoption. Recently, the number gcd in LN has exceeded 4,000 units. Their total cost has risen to 1.86 million dollars, equivalent to about 332 bitcoin. ...
The founder of Monero Bitcoin predicts a long life. What are we talking about?
According to the developer of the cryptocurrency Ricardo's Spanyi, Bitcoin is already too common for it to fail. In addition, it invested a lot of brains, research and money. Spanyi also believes that the chances of failure in any...
Comments (0)
This article has no comment, be the first!