It appears the Ethereum gold rush may be coming to and end. As the price skyrocketed from $8.22 at the end of 2016, to it's peak of over $380 in June many people started investing in mining rigs. While Ethereum is in no way dead, the cryptocurrency has dropped over 28% in value over the last week, as the influx of mining rigs coming online has caused the difficulty to jump from less than 200 THash/s in March, to over 1000 THash/s July 2nd. This week, the Ethereum network was hit with the largest difficulty increase in its history. The difficulty rating jumped from 1.066 PHashps to 1.228 PHashps in less than 48 hours.
I didn't jump on the Ethereum bandwagon, although I wish I would have when I was looking into it back in March. On the upside we may see a flood of used GPUs hitting the market soon, as well as pricing coming back to normal for new cards. I wonder how manufacturers feel about all the mining specific motherboards and graphics cards they've been launching recently.
I didn't jump on the Ethereum bandwagon, although I wish I would have when I was looking into it back in March. On the upside we may see a flood of used GPUs hitting the market soon, as well as pricing coming back to normal for new cards. I wonder how manufacturers feel about all the mining specific motherboards and graphics cards they've been launching recently.
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