Ether price is going down while difficulty going up
Ether price went down from ~1,450$ to ~450$ since Jan
During the same period, the difficulty to mine a block went up from less than 2,000 TH to ~3,350
The price decreased by 69% from its all time high, while the difficulty increased by 68%
What does this indicate?
Does it mean that Miners have a strong believe that Ether price will revive and rally to break its all time high records?
Or it could mean that Miners has already paid for the hardware 3 months earlier, and once they receive it, they are stuck with it, so they just decide to mine with it?
Congratulations @miner-miner! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
You made your First Comment
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP
Congratulations @miner-miner! You received a personal award!
Click here to view your Board of Honor
Congratulations @miner-miner! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!