Hasrat Ethereum fell again. The profitability of mining coins goes to zero

According Etherscan.io, Hasrat Ethereum has fallen by almost 20 percent. This is one of the biggest drops this year and all the history of cryptocurrency. A couple of days ago, Hasrat decreased from 294 to 246 of teruhisa per second. This writes AMBCrypto.

Profitable mine Ethereum

In early September took place is now the second-largest drop Hasrat coins — from 300 to 270 teruhisa per second. This event has frightened the community, many began to talk about disadvantages of mining of Ethereum.

Not long ago, the second by market capitalization, the cryptocurrency has updated its annual low. In such circumstances, the miners are not very profitable to spend money on electricity and maintenance of equipment for a relatively low profit.

A big role in this plays a decrease in rewards per block, which took place recently. The developers of Ethereum gradually preparing for the transition to PoS, so that soon the mining of crypto currencies could be changed. And while the cost of producing Ethereum approached the level below which mining will become unprofitable.

Similar situation was with Bitcoin in 2014. Then, Hasrat major cryptocurrencies also plummeted due to a correction. For many miners BTC mining became unprofitable, so they got out of the stock market bankrupt. As you can see, even after last year’s fall of Bitcoin has increased nearly six-fold after 2014.

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