Monthly income of the miners of Ethereum cryptocurrency in November reached $ 0. This is evidenced by data analysis of the trading company Susquehanna, writes Cointelegraph.
According to analysts, the main factor of reducing the profitability of GPU mining has become an annual fall rate of the second cryptocurrency with $1350 in January to $204 at the moment.
The financial loss from the loss of the ETH-mining bears and the graphics card manufacturer NVIDIA.
“NVIDIA quarterly revenue from cryptobytes fell by about $100 million According to our estimates, third-quarter revenue will be close to zero,” said Susquehanna analyst in the field of semiconductors Christopher Rolland.
We will remind, renewal of Constantinople, the second part of the hard forks Metropolis in Ethereum, postponed to early 2019. In particular, you will add code ProgPow, targeted against ASIC miners.