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Anonymous
ETH cost of mining will rise in November 2017-06-26 03:24:14 Post No.
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ETH cost of mining will rise in November 2017-06-26 03:24:14 Post No.
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I was told by a ETH miner I know that the cost of ETH is going to rise dramatically in November, which will spike the cost on the market.
Can anybody verify if this is true?
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>>2613768
i heard something/rumors about an "ice age" in terms of ETH produced by mining
no clue when, or if it'll go through
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>>2613773
What exactly does an ice age mean?
This miner told me to buy and hold Eth because the price will spike after the cost of mining raises. He said this is what happened with Bitcoin.
This guy also made 100k off of ETH
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>>2613768
damn, an eth miner? you must have some serious connections
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>>2613768
Its to do with the programming in the algo. Difficulty bombs every x amount of blocks basically.
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>>2613800
It slows the supply of new coins. When bitcoin difficulty went up, price went up etc. It basically also invalidates that whole eth supply too much blah blah
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>>2614403
There is no halving in ETH you idiot.
BTC halves the miner reward every 4 years. We just had a halving happen for BTC last year.
ETH has no halving and will continue to have 30,000 new coins come into existance every day.
ETH is not a store of value...
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The majority of the reward for mining eth is a share of the gas from transactions included in that block. Unless they're lowering gas costs, then no, ETH mining isn't getting any less profitable. The only way that could happen is if ETH itself tanks.
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