On the brighter side, ETH difficulty is down. - page 2.

Marvell2

full member

Activity: 1148

Merit: 132

Quote from: Metroid on March 29, 2018, 10:42:06 PM

Quote from: Marvell2 on March 29, 2018, 10:38:56 PM

I doubt there are alot of eth asics yet, memory is expensive, each chip needs at least 3gb

Bitmain has as much money as Nvidia right now, dont think money is a concern as far as the return for the asic miners give a return which is the case, the only concern is be in the queue for memory chips.

thats a good point, they have so much $$ now

john1010

hero member

Activity: 2100

Merit: 562

Is it confirmed that ethhash is minable with the new asic that i've read in the news before? How come that this asic resistance technology is now invaded with asic? any legitimate information regarding this news.

m.vina

full member

Activity: 280

Merit: 102

Quote from: Metroid on March 29, 2018, 10:20:50 PM

Quote from: m.vina on March 29, 2018, 10:16:03 PM

How can you deny it when the chart is right there in front of you? Take a look at the past few months, its never gone down this sharply for this long.
Things are changing. Miners are quitting.

Yes, miners are quitting, asics are not. Sadly more than 50% of the hashrate is coming from asics, also right now it shows that the difficulty is going down but you need to understand that bitmain and co will be filling with more asics, so you will not see drop in the hashrate or difficulty for that matter. So for 100 gpus quitting, bitmain adds one asic to cover it for each 100 gpus hehe

The problem is that until there is a confirmed actual ETH ASIC, all those reports are still only RUMORS. I wouldn't factor them into the equation.

Anyway my point is that ETH difficulty has dropped and most likely won't be rising up again until we see the market value rise up again.

warning_btc

member

Activity: 378

Merit: 11

Decentralized Digital Billboards

I seen same situation with ETN network, but it recover after 10 hours((((

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: Marvell2 on March 29, 2018, 10:38:56 PM

I doubt there are alot of eth asics yet, memory is expensive, each chip needs at least 3gb

Bitmain has as much money as Nvidia right now, dont think money is a concern as far as the return for the asic miners give a return which is the case, the only concern is be in the queue for memory chips.

Marvell2

full member

Activity: 1148

Merit: 132

Quote from: Metroid on March 29, 2018, 10:20:50 PM

Quote from: m.vina on March 29, 2018, 10:16:03 PM

How can you deny it when the chart is right there in front of you? Take a look at the past few months, its never gone down this sharply for this long.
Things are changing. Miners are quitting.

Yes, miners are quitting, asics are not. Sadly more than 50% of the hashrate is coming from asics, also right now it shows that the difficulty is going down but you need to understand that bitmain and co will be filling with more asics, so you will not see drop in the hashrate or difficulty for that matter. So for 100 gpus quitting, bitmain adds one asic to cover it for each 100 gpus hehe

I doubt there are alot of eth asics yet, memory is expensive, each chip needs at least 3gb

didf is down bc the people with expensive electric do better by buying eth at this point than mining.

or they are selling thier gpus before prices drop, also ravencoin is more profitable by eth for all brand of cards so ppl are switching

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: m.vina on March 29, 2018, 10:16:03 PM

How can you deny it when the chart is right there in front of you? Take a look at the past few months, its never gone down this sharply for this long.
Things are changing. Miners are quitting.

Yes, miners are quitting, asics are not. Sadly more than 50% of the hashrate is coming from asics, also right now it shows that the difficulty is going down but you need to understand that bitmain and co will be filling with more asics, so you will not see drop in the hashrate or difficulty for that matter. So for 100 gpus quitting, bitmain adds one asic to cover it for each 100 gpus hehe

m.vina

full member

Activity: 280

Merit: 102

Quote from: adaseb on March 29, 2018, 06:12:05 PM

It's not down at all.

What you are looking at is just some variance.

Give it a week or two and it will probably go to a new high anyways in difficulty.

How can you deny it when the chart is right there in front of you? Take a look at the past few months, its never gone down this sharply for this long.
Things are changing. Miners are quitting.

adaseb

legendary

Activity: 3808

Merit: 1723

It's not down at all.

What you are looking at is just some variance.

Give it a week or two and it will probably go to a new high anyways in difficulty.

m.vina

full member

Activity: 280

Merit: 102

People seem to have shut down their rigs. Maybe a few farms at least.

Latest ETH difficulty chart can confirm:
https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart

Lets celebrate! No merits necessary. Wink

Topic: On the brighter side, ETH difficulty is down. - page 2. (Read 759 times)