Hi
Ethereum mining is taking a hit coz of the difficulty level going high rapidly... In just one month it has almost doubled. If it goes at this rate, is the mining of Ethereum profitable ? Where one rig was generating 4 coins, its now generating 3 or less. Is the difficulty level of the algorithm dependent on the price/value of Ethereum OR is it that more and more people are now jumping into mining Ethereum ?
https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart
Ethereum mining is taking a hit coz of the difficulty level going high rapidly... In just one month it has almost doubled. If it goes at this rate, is the mining of Ethereum profitable ? Where one rig was generating 4 coins, its now generating 3 or less. Is the difficulty level of the algorithm dependent on the price/value of Ethereum OR is it that more and more people are now jumping into mining Ethereum ?
https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart