ETH price goes down means more coiins for given hashrate?

adaseb

legendary

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Quote from: ethminr on August 14, 2018, 04:21:23 PM

If you look here, it is going down a bit for the last two days : https://etherscan.io/chart/hashrate

Its just variance. Just zoom out and it has happened before in the past many many times and yet the price was higher and a few days later the hashrate hit another all time high.

People are not shutting down their rigs just yet.

ethminr

newbie

Activity: 22

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If you look here, it is going down a bit for the last two days : https://etherscan.io/chart/hashrate

deskless

jr. member

Activity: 279

Merit: 1

Quote from: Jinx99 on August 14, 2018, 04:00:54 PM

Quote from: ethminr on August 14, 2018, 03:36:05 PM

Hello friends,

If ETH price goes down like now, in theory some miners will stop mining because this is not profitable for them. Then as a result, there will be less competition for the same amount of coins per block and then the remaining miners should get more coin for the same hashrate.

At current price, mining is not profitable for me. But I am waiting for a drop in the total hashrate due to drop of price to get a better share of the coins produced.

Is it a good way to think?

Thanks,

https://ethstats.net/

300+ TH and rising.

Another altcoins are dropping faster than ETH so miners switch back your rigs to ETH.

You need to give a few weeks before the hashrate starts sliding.

Jinx99

member

Activity: 91

Merit: 10

Quote from: ethminr on August 14, 2018, 03:36:05 PM

Hello friends,

If ETH price goes down like now, in theory some miners will stop mining because this is not profitable for them. Then as a result, there will be less competition for the same amount of coins per block and then the remaining miners should get more coin for the same hashrate.

At current price, mining is not profitable for me. But I am waiting for a drop in the total hashrate due to drop of price to get a better share of the coins produced.

Is it a good way to think?

Thanks,

https://ethstats.net/

300+ TH and rising.

Another altcoins are dropping faster than ETH so miners switch back your rigs to ETH.

ethminr

newbie

Activity: 22

Merit: 0

Hello friends,

If ETH price goes down like now, in theory some miners will stop mining because this is not profitable for them. Then as a result, there will be less competition for the same amount of coins per block and then the remaining miners should get more coin for the same hashrate.

At current price, mining is not profitable for me. But I am waiting for a drop in the total hashrate due to drop of price to get a better share of the coins produced.

Is it a good way to think?

Thanks,

Topic: ETH price goes down means more coiins for given hashrate? (Read 220 times)