Emperor_Penguin

Monero network hashrate just hit 1GH/s!

Long
KRAKEN:XMREUR   XMR / EUR
I remember when it was at 16 Mh total. The primary evidence of ASICs would be a dramatic decrease in output from non-ASIC hardware (due to difficulty rising disproportionately with price).

In the past year difficulty has increased by 13x (source: chainradar.com 1 year chart) and price has increased by 19x (source: coinmarketcap.com 1 year chart) while the block reward has decreased by 40% (source chainradar.com 1 year chart, also emission formula). Putting this together:

19 / 13 * (1-40%) = 0.87

Meaning revenue with constant hardware and power costs has dropped by 13%. Maybe significant but hardly 'dramatic'.

That's probably consistent if not smaller than the rate of technological progress (better CPUs and GPUs), meaning there is no real decrease in profitability assuming regular hardware upgrades.

This is frankly much ado about nothing. Hash rate of successful coins with increasing prices will always rise, and when the price rises a lot so will the hash rate.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out