#Ethereum Ethereum ETH: Reason for drop: No one wants to mine ETH anymore Published 1 month 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. Related Topics:dead ethereumdowntrend ethereumdying ethereumethETH analysisETH deadETH downETH downtrendETH dyeeth hashrateETH miningETH priceeth price analysisetherEther analysisether deadether dyingEther fallingether hashrateether miningether priceether price analysisether scamether usdEthereumEthereum Analysisethereum deadEthereum downEthereum downtrendethereum dyingethereum ethEthereum fallEthereum fallingethereum hashrateEthereum is deadethereum miningethereum priceEthereum Price analysisfalling ethereumhashrateinvest in ethereuminvesting in ethereumminingmining ethmining ethermining ethereum Up Next BTC to $28000 by 2019: Trader Explains Don't Miss ETH will fall again? Ethereum Price Analysis 19 Sep Continue Reading You may like Can Cryptocurrencies be the solution for the 2020 predicted US Recession? ETH Long Term Trading Signals: 22 Oct Why Ethereum has no future and why ETH will never rise again Ethereum hardfork Constantinople to be delayed until January 2019 Mining Company: HelixxMine promises most reliable mining for customers. Latest mining equipment for Bitcoin, Ethereum, Bitcoin Cash, Monero and EOS 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 #Ethereum ETH Long Term Trading Signals: 22 Oct Published 2 days ago on October 21, 2018 By Azeez Mustapha Bias for ETHEREUM (ETH)– Ranging Resistance Levels- $250, $270, $290 Support Levels- $160, $150. $140 ETH continues in the ranging scenario in its long-term outlook. The bullish pressure that saw ETHUSD up to $242.62 at the resistance area breaking the strong 34-EMA on 15th October was short-lived as the bears forced the candle to close at $213.14. ETHUSD chart The bears had been in control of the market with ETHUSD down to a low at 203.53 in the support area. ETH Price below the two EMAs a sign of bear pressure while the relative strength index is at 44% and its signal lies parallel which implies consolidation. The cryptocurrency is ranging and trading between $240.00 in the upper supply area and at $180.00 in the lower demand area of the range. Patience is needed for a defined trend to show up. This means a breakout at the upper resistance area will be a good buying opportunity or a breakdown at the lower support area will be a selling opportunity. Continue Reading #Ethereum Why Ethereum has no future and why ETH will never rise again Published 3 days ago on October 20, 2018 By Janet F. Sanchez Why would Ethereum never be a mainstream network for the Dapps ever again? Citing various inefficiencies of Ethereum Ethereum, as a cryptocurrency blockchain platform was very popular during its initial days, but has a number of cryptocurrency enthusiasts have opted for the platform in order to develop their decentralized applications or simply invest in the project have realized the bottlenecks in the blockchain project and have constantly been switching to other better counterparts ethereum counterparts. There are many reasons why Ethereum has to distance itself from mass adoption. Below are some of my personal opinions in this matter, which clearly breaks down the inefficiencies of the project. Many DApps have been switching to other platforms from Ethereum In July 2018, the EOSBet DApp shifted to the EOS blockchain platform, due to its more full spectrum of facilities, contrary to Ethereum. Billionaire Token, tixico, Medipedia, Insights Network, Wax and many other decentralized applications have followed the trend. Why would so many Decentralized applications migrate to the EOS blockchain platform? It is inevitable that the customers would have experienced some or the other kind of bottleneck with Ethereum network, which in this case, was predominantly its speed and no vision for future sustainability. Most of the prominent figures of these Decentralized applications have quoted the Ethereum’s ecosystem didn’t suit their current requirements. Even the Ethereum gas price concept is obsolete As started here. Let us assume that a new ERC20 power cryptocurrency token has been developed. Now to initiate buying orders for the coin, the users need to pay the transaction fees in gas. Even the miners choose the transaction based on the gas price. Therefore, this creates an artificial dependency of the new XYZ coin on the existing Ether. Which, indirectly results in an instability in the Ethereum network. The concept of gas price can be eliminated, as instead, the users can pay the transaction fee from a part of their transaction. Therefore, unnecessary complexities can be reduced, which are being adopted by the current Ethereum network. The rise of other better options for the decentralized applications and smart contracts The EOS blockchain platform is the only one of its kind, in the cryptocurrency domain, which is giving a head to head competition to the Ethereum Blockchain The cryptocurrency blockchain projects such as Tron or EOS are slowly overtaking the mainstream market of the Ethereum network. The scalability provided by the EOS blockchain platform is unmatched as blocks are developed every 0.5 seconds. It has also be designed in a way to expand with the future demands up to millions of transactions. Therefore, when better options are already available, then why the client base would choose an underperforming platform? Tron has also put forth figures which clearly explains the current situation. Even Ethereum Futures has no future Referring to this news. In the recent days, many proposals submitted to the Securities and Exchange Commission by various financial organizations, to avail permission to trade Bitcoin futures. On similar lines, even the Ethereum community has come forward to initiate the Ethereum futures. But one must have basic sense in mind, that when the Ethereum network itself on a constitutional basis, is not capable enough to sustain itself, then adding on a significant trading asset pegged to Ethereum will do no good, other than adding complexities to the network. Even Vitalik Buterin accepts the fact In an article, published on the website techcrunch.com which discusses various inabilities of Ethereum network. Interestingly, the inefficiencies mentioned in the article were agreed upon by the founder of the Ethereum project, through Reddit. Vitalik Buterin himself agreed that, if necessary changes were not implemented immediately then the downfall of Ethereum is not far. He even mentioned that the team members are looking forward to, two possible methods of saving the Ethereum network from the destruction. Future of Ethereum protocol In brief, the Ethereum network was highly popular during its initial days, only because of the sole reason that it had introduced smart contracts to the Crypto world. But as better options are available now, the network has become obsolete, and no further price surges may be expected. If the network is unable to implement its Plasma or Casper models to scale the Ethereum network with the current requirements as soon as possible, the network would be on the state of extinction. Continue Reading #Ethereum Ethereum hardfork Constantinople to be delayed until January 2019 Published 4 days ago on October 20, 2018 By Janet F. Sanchez Ethereum (ETH) core developers have reached an accord to delay a planned hard fork of the convention until January 2019, in a gathering Friday, Oct. 19. The fork, dubbed “Constantinople,” was first trialed on Ethereum public testnet Ropsten on Oct. 13, and had been slated to be activated on the main Ethereum blockchain before the finish of Oct.- Nov. this year. A testnet is basically a simulated form of the essential network that enables developers to experiment with smart contracts or upgrades without paying “gas” (calculation expenses) for their execution. Towards the finish of their hour-long gathering yesterday, the devs at last reached an agreement that the Constantinople will at “the most punctual” come in late January 2019. Amid the gathering, one dev jested it may be less questionable, or “political,” to change the term for the transition from “hard fork” to “update.” Yesterday’s gathering trailed Constantinople’s debut on Ropsten Oct. 13 had kept running into a progression of obstacles; in front of its activation at block 4,230,000, the fork slowed down at block 4,299,999 for two hours, with testnet miners neglecting to enact the transition. Ethereum client engineer Alfri Schoeden explained at the time this was because of “an accord issue” that had set off a “three-route fork” among Geth and Parity (two Ethereum clients). In notes distributed in front of yesterday’s gathering, Schoeden sketched out that “[r]ecently included hashpower caused reduced blocktimes and caused this hardfork to happen substantially sooner than anticipated on a Saturday,” which he recommended is “by all methods the worst time for a hardfork.” He indicated the way that the fork happened only six days after the latest Geth client discharge, and 1 day after Parity’s, leaving users without adequate time to update. The devs likewise found an agreement bug in Parity, as indicated by an “after death” presented on the “Cooperation of Ethereum Magicians” prior this week. Schoeden noticed that “not a solitary” user was mining the Constantinople chain, henceforth the two-hour delay to begin processing block 4,230,000. Also, the network does not presently have a testnet fork screen, he stated, beside http://ropsten-stats.parity.io, which “does not uncover insights about the distinctive chains.” In light of the issues, engineer Hudson Jameson got on another dev’s “good” proposal amid yesterday’s gathering, which would be to “frequently spawn and min[e] impermanent testnets to test transition into Constantinople [… ].” On a “baby” testnet, Jameson considered, “if something turns out badly we’ll know it before long.” As beforehand reported, the Constantinople hard fork is a framework wide Ethereum update intended to expand the network’s proficiency, and outstandingly incorporates plans to decrease block rewards for miners, and to acquaint changes with the network’s agreement mechanism that would make it more impervious to ASIC miners. 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