#Ethereum Ethereum ETH: Reason for drop: No one wants to mine ETH anymore Published 3 months ago on September 19, 2018 By Nadja Eriksson Share Tweet Ether Hashrate drops from 294 TH/s to 246 TH/s now Ongoing data from Etherscan.io demonstrates that Ethereum [ETH] has seen a gigantic 20% drop in its hashrate. It is said to be one of the greatest drops in ETH hashrate over the previous year and is said to be on indistinguishable scale from those that have happened since its creation. The hashrate has dropped from 294 TH/s [Terahashes per second] to 246 TH/s. From 300 TH/s to 270 TH/s in August In August, ETH had as of late seen a drop from 300 TH/s to 270 TH/s. The 30 Terahash drop had panicked the network, raising worries about diminishing security on the stage. It is estimated that the ongoing drop happened because of basic change or in light of the fact that mining ETH was not productive any longer. A 80% +ETh price Decline and still continuing ETH has experienced critical misfortunes in price more than $1100 to $400, which it at that point hit the price scope of $167 before recouping to $206, at the time of reporting. This may be one reason for the decrease in the hashrate as the miners can’t take care of the costs of power, equipment support, and other related costs. Cooling the gear has turned into a significant cost in light of the fact that a great deal of warmth is created during the time spent mining, accordingly there is a need to chill the hardware off to evade the dissolving of segments. This development may be demonstrative of a more major issue for miners down the line. By accepting the price to stay steady, a decrease in the issuance of ETH by 33% would result in the decrease of the miner’s fiat income by 33%. There are a couple of productive ASICs which are created so as to mine Ether, however these ASICs exercises are not being appeared in the data as a result of the ricocheting hashpower of some cryptographic forms of money. It was expressed that Proof-of-Work [POW] mining has been an exceptionally aggressive and vitality concentrated business, prompting a portion of the miners getting ready for an outcome of a decrease in hashpower. This has prompted them being efficient and not requiring any focal coordination or specialist securing the business. This development marks Ethereum achieving the cost of creation floor, like what Bitcoin looked in 2014-15. The Bitcoin arrange saw a significant fall in its hashrate around then, bringing about various Bitcoin mining task declaring financial insolvency. Will ETH reach $53 soon? Let us know your views in comments below. 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Rumor: Softbank selling its Nvidia Shares. Losing hope in crypto Samsung Galaxy S10 with Cryptocurrency Cold Storage. 7 Comments 7 Comments Pingback: Ethereum ETH: Reason for drop: No one wants to mine ETH anymore – The Coinage Times Pingback: Bitcoin will remain the only dominant cryptocurrency, BTC Analysis | Coinance: Bitcoin, Ethereum, Blockchain & Cryptocurrency News Pingback: Is Bitcoin banned in India? Complete Analysis | Coinance: Bitcoin, Ethereum, Blockchain & Cryptocurrency News Pingback: The rise of Stable Coins: From USDT to USDG, all you need to know – Online Coin News Pingback: Top 15 Coins for mining according to their profitability – BTC News Paper Pingback: Top 15 Coins for mining according to their profitability – Online Coin News Pingback: Top 15 Coins for mining according to their profitability – BTC Crypto News Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Bitcoin Bitcoin Price: How Investor Emotions Affect Crypto Prices Published 2 days ago on December 17, 2018 By Guest Author It is always easy to confuse the way trading works these days. After so much digitalization some people think that the trades mostly happen through logic, algorithms and so on. However, this is not necessarily the case. One of the most significant factors about trading is the human emotions that come with it. Try to imagine it. You’ve just made a trade and bought some Bitcoin. Now you see that the price is decreasing rapidly, so naturally, you get the sensation that it is time to sell it, but all of the advice on the internet is telling you to hold and wait. This is where the first problem is met as human emotions are starting to battle logic and hard decisions. You may find it hard to believe if you’ve traded on other financial markets but these human emotions can have a toll on crypto prices. On other markets its very hard for these emotions to have a significant impact, because of how big the market is. But for cryptos, the market is very small, so a select few investors could make some change in the market if they buy or sell prematurely. Let’s look into the main reasons why people face emotional, moral and psychological barriers when trading cryptos. One Primary Example Back in 2013, Bitcoin was sitting comfortably on the $1,200 mark. But it fell 50% when the Chinese national bank announced it would ban it in its systems. Everybody back then thought it would be a killing blow to cryptos, but as you can see it was not even a scratch. This wasn’t logic affecting the price, and it was human emotions. Investors panicked and sold their assets immediately fearing that they were now obsolete when there were millions of people and thousands of exchanges in the world still accepting them. Don’t take the info at face value, do the research, listen to the experts and find out how dangerous it is before making any significant decision. You’ll need to do this quickly, however, as the panic spreads quite fast. Moral Problems Cryptos and morals aren’t the first things you’d imagine to have a connection, but they honestly do. Let’s look at it with a different perspective. You’ve just invested in a new crypto company that released their latest coin, and you already see that the development team is having some feud. This immediately lights up your good alert, if you want to call it that. This gives you a sense that maybe this company will go under if the developers continue to fight. And you won’t be the only one. Many traders are affected by the politics of the company when some drama occurs, and they find it very hard not to have some concerns. The best thing to do here is to keep an eye on how things develop, and if there are actual threats that developers will leave the company, then it’s a good time to sell. Don’t sell prematurely, wait and see. Psychological Problems Human psychology is a fragile thing. Introduce it to any stress, and you will soon start seeing the cracks. The volatility usually creates the cracks in the crypto market. Many people can’t handle the mental pressure that comes with prices jumping up and down all the time. We are very basic beings, we like stability and when everything goes as planned. The moment something goes wrong, we panic. Remember the first time you started trading. You probably spend the whole day looking at the charts of your investment. The same thing happened to me when I first invested in Ripple and looked at its charts the entire day. Every time it would take a downwards direction, I’d have a mini panic attack. The best thing to do in this case is to ignore it. If you have a long-term investment, ignore looking at charts all the time, keep focused on the news and how things develop. If you continue looking at the charts it will take a massive toll on your mental situation, your conscience will urge you to sell when there is a relatively big slump, but after the sell, we always regret it. Another problem is when we are at a crossroads of, going with the crowd or following our path. Usually, for a beginner, it is one of the biggest mistakes to trade against the trend and go on their own, as they have no experience of the market yet. Although it is taxing on the mind to fall in with the crowd, especially in our day and age, it’s best to fall in line in the beginning. Emotions We Feel When We Lose The reason we see such a massive slump in cryptos this year can be attributed to the emotions investors felt when they lost quite a lot of capital during the January slump. We as humans tend to avoid losses more, than chase profits. It’s psychological as well. It’s more critical for us not to lose $10 than it is to gain $100. After the slump investors became very disappointed with the market and avoided it altogether, further selling off their assets and bringing the price even lower, which at the end created an illusion of reinforcement for their disappointment and decision to leave. How You Can Control Yourself If you are a beginner, it seems impossible to control yourself when the price is falling. What you need to do is try to become a bit more patient. First things first, try to avoid looking at the price every hour or day, think more long-term. When looking at the price think about 1month from now or even one year from now. It will calm you down. When you see a feud happening in one of the companies, do more research. Find out why it happened and see similar scenarios in the past. If the past had people leave the company, then you have a good source to back your decision. Don’t just follow your gut. If you have lost some capital with cryptos in the past, take a moment and trace it to a specific article or occurrence that it may have caused. Once you do, you’ll know exactly what caused it and will become more prepared in the future. If you want to get back in the game, go for a minimal investment to test out the waters. Continue Reading #Ethereum Ethereum Miners are the best targets for Hackers, ETH mining is not profitable Published 3 days ago on December 15, 2018 By Joyce Lang Down by 94% from its ATH, and currently trading at $87, Ethereum ETH mining has become a nightmare for miners. ETH mining is not only non-profitable but Ethereum miners are the best targets for crypto hackers according to a new report by ZDNet. These crypto hackers are using a new way to steal your Ethereum with an enormous scanning effort to choose Ethereum wallets and ETH miners with an explicit vulnerability. As per the report by ZDNet, crypto programmers are focusing on Etherum wallet and mining equipment through devices with an uncovered port 8545, the standard port for the JSON-RPC interface — an automatic API that sits on the nearby gadget and can be utilized to an inquiry for mining-related data. Ethereum engineers had cautioned clients about the risks of uncovering the JSON-RPC interface when utilizing mining gear and Ethereum programming, educating clients to empower a secret word for the interface or enact a firewall to channel web traffic going to the powerless port. By structure, the JSON-RPC interface doesn’t accompany a default secret phrase. It’s subject to clients setting one, which they once in a while do. For Ethereum wallets or mining gear whose port is left uncovered on the web, programmers can send directions to the API and remotely exchange assets out of the wallets. The report expresses that mining rigs makers and Ethereum wallet engineers have done their bit to confine the harm caused by this risky interface by notice clients of the need to include a secret word. Others have gone the outrageous course of expelling the interface through and through, however, since this was certifiably not an assembled exertion, the issue holds on. While there had been a lot of Ethereum scanning efforts in the course of the most recent two years, this is the first run through outputs have been accounted for in a bear advertise. Truth be told, the report refers to information from Tory Mursch, fellow benefactor of Bad Packets LLC, who told the news outlet that the output crusades tripled in December, contrasted with a month ago, when prices were steady. “Despite the price of cryptocurrency crashing into the gutter, free money is still free, even if it’s pennies a day.” Last year alone, hackers stole $32 million from Ethereum wallers using a small bug in multi-signature wallets. Is Ethereum really ready for medium and large-scale adoption with these vulnerabilities? Or is ETH a useless asset? Comment below. Continue Reading #Ethereum Do We Really Want To Tokenize Everything? And Can We? Published 4 days ago on December 14, 2018 By Guest Author Over the last year, there has been considerable discussion over the tokenization of physical assets. That is, having something tangible, like a bar of gold, represented by a token on a blockchain, like Ethereum or Bytom, so that there is an immutable record of ownership of the asset. This asset can then be traded or sold without the need for a middleman to keep a record of the transaction – and take a commission for his troubles – thus making the transaction safer, faster, and less expensive. It’s not only gold that’s being tokenized. Other precious metals are also up for trade via blockchain technology. Stocks, bonds, and shares are all said to be next, and security token offerings are one incarnation of this move. In fact, STOs are hotly tipped to be the next big thing. It seems anything worth anything is ripe for tokenization. So, Everything Is Tokenizable? Any blockchain that is capable of executing a smart contract (like Ethereum and Bytom that I mentioned earlier) offers the ability to have part-ownership of an asset. Recently, Andy Warhol’s famous painting, ’14 Small Electric Chairs,’ was tokenized and sold at auction. Over 800 bidders bought a 31.5% stake in the painting, which had a reserve price of US$4,000,000. But who gets to hang it in their dining room and for how long? I don’t think anyone is actually going to get the opportunity to have this piece hanging up on a wall in their home anytime soon, but what if this was not a painting but a luxury yacht. Not many of us can just go out and buy a luxury yacht, but what if twenty people wanted to and decided to buy one together? It is possible to execute this type of transaction via smart contract on a blockchain. Twenty YCHT tokens could be issued, and each owner would receive one. They would have an immutable record of ownership that they could trade or sell to another party at any time. But the token would also show how much time that person would be able to have on the yacht. In fact, in an IoT kind of way, access to the boat could be restricted simply by not having the right blockchain-based digital ID credentials with you when you go to start the yacht’s engine. There’s plenty more that can be achieved with a smart contract, but you get the idea. The same functionality can be used for cars, vacation homes, rental agreements, the list goes on, and there are plenty of companies out there trying to make these things happen right now, but I won’t go into those here. Do We Want This? Since most blockchains are decentralized and, therefore, have no central governing bodies to mess with the record as it suits them to, smart contracts that allow people to share ownership of an asset between them is an ideal solution. However, disputes could prove an issue. Let’s say Owner 5’s three-year-old spilled apple juice all over the back seat of the shared car. Owner 7, the next car user, spots the damage and requests Owner 5 pay for cleaning. Owner 5 says that the spill had occurred before they got the car. What then? One idea would be to have CCTV in the car so that the other owners can check back through the footage to see what really happened and to decide who should pay for what. But this is veering towards an Orwellian 1984-style totalitarian, panoptic mess that society should be aiming to avoid. Smart contracts run on Ethereum, Bytom, Stellar, or any other capable blockchain certainly stand to make our lives simpler. However, smart contracts are still in their early days, and much work needs to be done with them before they can be deployed in fully mainstream applications. 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