Ethereum update: Serious Question: Are you guys thinking that ASICs is causing the price to drop?
Id like to just get this cleared up because I keep seeing. This dump and price drop is not in the interest of any miners to do this and even if ASICs came out that do better than the series Bitmain produced, its still not in their interest for the price to be this low. With their being about 20k ethereum made daily. The 24 hour volume is 1.8B or 10m ether. So this is just a drop in the bucket. Please correct any figures that are wrong but this seems like an unreasonable line of thinking.
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My GPUs are still semi-competitive, not blown away or shit, or even unprofitable as some have claimed. If this is what the community is thinking, anyone care to explain why? I just dont see it.
About Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Author: dubblies
Score: 13
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