Ethereum Reduces Block Reward | ETH GPU Mining Will No Longer Be Profitable

Ethereum Reduces Block Reward | ETH GPU Mining Will No Longer Be Profitable
While I was trying to enjoy my trip to Christopher Newport University I was saddened with the official confirmation that Ethereum developers simply do not care for their GPU mining community.

Antminer E3 Ethereum Miner On Amazon –
In the recent Ethereum developers livestream by the Ethereum Foundation it was officially confirmed that the ETH mining block reward will be reduced from 3 Ether to 2 Ether in their hopes to curb inflation and appeal their investors / stakeholders.

With clear disinterest from the Ethereum team of developers to work on a new mining algorithm and their continued focus of developing their PoS Proof of Stake model.There is an extremely low probability of ETH adopting a new PoW Proof of Work algorithm especially one that is best for GPU mining such as ProgPOW.

Several clips from the Ethereum Dev livestream were used under CC 3.0, you can view the original full stream here –
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Ethereum Reduces Block Reward | ETH GPU Mining Will No Longer Be Profitable

14 thoughts on “Ethereum Reduces Block Reward | ETH GPU Mining Will No Longer Be Profitable”

  1. Etherdevs killed the ethermine star

    Etherdevs killed the ether market cap

    in your house or in your car

    the ether devs don't get blockchain

    oh oh oh oh oohhhh

  2. Just wanted to throw this out there for the lols'. Google "new ethereum logo" and check out the images! That pretty much sums it up.

  3. what are we going to do with all our GPU bro other than selling them..i have 150+ gpus.. other than mining.. any ideas?

  4. Got my rig playing poker now 😐 , BTG getting delisted from Bittrex, Bitcoin buzz fading quickly in the Markets news, have you read what the average user will need to do to send/receive on LN? The ShadowKing is around the corner in our crypto world…. it's called AI & Quantum computer…

  5. I put a lot of thought into this and I'm seeing a clear picture. The next bull run is going to be massive. Ethereum is a coin of choice for buy>trade….Or trade>sell cause it's cheaper to move from A to B.

    In a growing Bull Market Ethereum's demand will go up, driving it's price, plus less Ether growing 2/3 slower.

    Dude, as a miner we just might be delighted to Mine 0.5 Eth a month cause the price of Ether coins will start to Bugatti. On top of this, even though the difficulty for other coins will spike, we'll see a massive dump of every GPU coin in the market. EXCEPT ETHEREUM ! And only Ethereum can do this cause it's the #1 mined gpu coin. Greedy when fearful bro.

    This is all theory, but if we see a $5,000 Ether. It'll be better than mining Ether in 2018 even if we can get 1 third of what we get now.

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