Dogecoin reddit tippert
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Current litecoin difficulty rate of changes
So what should we mine next? Lastly, It is my belief that Eth will stagnate, the ICO's of recent have proved the Eth network is not reliable for a lot of real world use because it goes down when a small ICO compared to real world application occurs. It looks like you're new here. If you want to get involved, click one of these buttons!
July in Mining. I wonder what caused that pretty major bump? Net hash went from 64, to 65, which is a normal daily increase lately. July edited July Could this be a signal of impending POS? That article says the bomb wouldn't be implemented until POS was in place and is not likely until then, unless I misread it.
Or that is programmed in and ready to go "someday"? However, the problem is, the value has gone down, not up, so profits are not keeping up with the increased difficulty. The solution would be a blockchain difficulty split or a major bump in the value of ETH.
Since the value is not really something that can be fixed unless some rich guy decides to buy a few mil worth of ETH, hopefully the difficulty drops soon. Of course if the POS is going to be implemented soon it really won't matter and we won't see a drop in difficulty.
Or I could just be full of shit. Litecoin slightly more profitable but can't compete against ASIC miners. Post edited by kentan on July Mining is only get rich quick if you get in when you make no money. Let me clarify-- The people who got rich on mining were mining Eth when the network hashrate was so low they could mine multiple Eth per day.
Then they held onto those mining rewards as the price went up. That doesn't mean it's not profitable, unless you fail to know the definition of profitable or purchase bad equipment due to FOMO. That means the day after you have theoretically made a profit, which means it is still profitable.
Do not get into mining thinking it's get rich quick I recommend to continue mining if you already have done so. Sign In or Register to comment.