At current prices, breakeven for ETH mining is now at approx $0.14/KWh (for a standard GPU mining rig). So yeah. A lot of people have stopped their rigs (or switched to something else). The upcoming reward reduction will take care of the rest (if price does not increase).
Vitalik and his buddies might actually come to regret some of the decisions that were made lately.
oh they will sir, and now with only huge asics farms left on the network, fully centralized pow they will become vulnerable to coordinated 51% attacks and double spends since eth is on so many exchanges.
with low profit anyways it only takes 3 or 4 huge asic farms to coordinate behind closed doors and screw up the network. You cant tell me these guys don’t coordinate , they kept the secret of thier asic mining as a grpup
for like two years before the coordinated to dump thier worthless hardware this april.
they did it to btg and bci
lol eth is fucked
