Constantinople will delay the “difficulty bomb” and decrease the block reward from 3 to 2 ETH. However, it has been already postponed for 6 weeks. Nevertheless, the ETH hard fork was the highlight of January. Last year Ethereum ceded the second place to XRP and sank to obscenely low level. This is a great opportunity to mine for the future – forget about getting rich quick and analyze upcoming events and bet your money on one of these coins. Even if miners try to time the market, they won’t be successful unless the market returns to it’s October values, at a minimum.Īs a result, miners today don’t need to fear increasing competition and increased mining difficulty, while cryptocurrency mining itself doesn’t produce large profits. Lately, hash rate has been flat with intermittent plunges, and if this situation continues, hash rate is unlikely to grow.

Everyone knows that now, it’s impossible to pay off a rig in 3 months, so the segment has become more mature.

People don’t rush into mining for quick cash anymore.

This means that one-third of the network users stopped mining.Īfter the BCH hard fork in November the cryptocurrency market crashed and most coins reached a yearly low. Today, fewer people want to invest in cryptocurrency mining than 6 months ago.įor example, the current Ethereum network hash rate is 190 TH/s, while the peak value that on August 9th, 2018 reached 295 TH/s.

Bonus: Avoid Mining These Cryptocurrenciesįirst of all, let’s identify what currently characterizes mining.

Mine eth with macbook pro gpu