Very low rewars those days

You should all understand that rewards are based on people trying to send ethereum. Less volume due to low price or people thinking we might be entering a bear’s market means less transactions.

In simple logic:

Less buying/selling of ethereum = low volume
Low volume = less transaction
Less transaction = less reward block

Plus to add that more people are adding rigs.
Makes mining difficulty more hard.

When i started at ethermine it was only at 70 Terahash.
Now its at 125-128 Terahashes.

Consider it the start of eip 1559. Rewards would be cut to nearly 30%.
and maybe by the end of 2021. Ethereum won’t be mineable anymore or i could be wrong.
Depends if the staking of eth would be successful.

2 Likes

exactly!

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