RATE Group | Ethereum Constantinople Will Push Crypto Miners “Out Of Business”
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Ethereum Constantinople Will Push Crypto Miners “Out Of Business”

20 Dec Ethereum Constantinople Will Push Crypto Miners “Out Of Business”

Posted at 11:02h in Ethereum News by

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In recent months, as Bitcoin (BTC) purportedly fell through its supposed break-even cost of mining not once, not twice, but three times, the economics of Proof of Work (PoW) have been questioned by wary skeptics. For instance, in an op-ed piece that became an industry hot topic in mere minutes, one MarketWatch contributor claimed that BTC, with its hashrate drought and the whole nine yards, was poised to enter into a death spiral. The piece, lauded as heresy by many crypto enthusiasts, has since begun debunked, and, unsurprisingly, this market’s flagship asset hasn’t crumbled to dust.

Yet, many still like to quip about cryptocurrency mining. And recently, a number of industry analysts have aimed their scopes at Ethereum (ETH) and its transaction processing scene. So after BTC was put on public display, it seems that now it is Ethereum’s turn.

Ethereum Mining Remains Profitable [For Some]

As reported by NewsBTC in mid-November, CNBC, citing data gathered by Susquehanna,…

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