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Source: https://www.overclock3d.net/news/software/ethereum_mining_has_just_gotten_a_lot_more_difficult/1
Ethereum mining has hit a new difficult bump, making the mining less profitable with Ethereum mining is getting more difficult, with the value of the currency's value hitting a 50 day low of under $200 and miners reporting a new difficulty spike.
Today mining communities across the internet have reported a difficulty spike when mining, which is both hitting the value of the currency as some users sell their coin reserves while simultaneously making it more difficult to mine each new Ether coin. Right now reports are claiming that Ether is now 20% harder to mine.
Right now mining communities across the web are filled with chatter of the incoming "end of mining", which is something that seems increasingly likely if the value of the currency does not stabilise and difficulty of mining continues to increase.
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Source 2:https://www.overclock3d.net/news/gpu_displays/used_gpus_flood_the_market_as_ethereum_s_price_crashes_below_150/1Used GPUs flood the market as Ethereum's price crashes below $150
Over the past few months, there has been a GPU shortage, forcing the prices of mid-range graphics cards up as cryptocurrency miners from across the world purchased hardware in bulk in search for quick and easy profits.
This has forced the prices of most modern AMD and certain Nvidia GPUs to skyrocket, but now these GPUs are starting to saturate the used market as more and more Ethereum miners sell up and quit mining. Some other miners are starting to look at other emerging Cryptocurrencies, though it is clear that the hype behind Ethereum is dying down.
Earlier this week Ethereum's value dropped below $200, as soon as the currency experienced a new difficulty spike, making the currency 20% harder to mine and significantly less profitable. This combined with its decrease in value has made mining Ethereum unprofitable for many miners, especially in regions with higher than average electricity costs.
Now Ethereum is valued at less than $150, with the currency costing $134.97 at the time of writing, which is less than half of the currency's peak value. The currency has the potential to bounce back, though it is difficult to see the currency go back over £250 in the near future.
On second-hand sales websites like eBay and Gumtree, we have seen a lot of new GPU listing appear in recent days, with plenty of used AMD RX series GPUs appearing over the weekend. More hardware is expected to hit these sites over the coming days as some miners wind down their operations, though many will simply move to a more profitable currency or to invest their computing power into an emerging Cryptocurrency that has the prospect of high values in the future.
In recent weeks websites like eBay and Gumtree have been relatively bare of GPUs, with this week seeing a huge uptick in the number of new AMD RX listings, though pricing is still sitting well above AMD's MSRP. It is worth noting that we see more GPUs listing appearing in the EU than the US, potentially due to differing electricity costs and other variables that affect the profitability of mining.