Ethereum GPU mining no longer makes profit

The monthly income of the miners cryptocurrency Ethereum in November reached $ 0. This is evidenced by the data analysis of the trading company Susquehanna, writes Cointelegraph .

According to analysts, the main factor reducing GPU mining profitability was the annual decline in the second cryptocurrency rate from $ 1,350 in January to $ 204 at the current time.

Financial losses from loss-making ETH mining is borne by the manufacturer of video cards NVIDIA.

"NVIDIA's quarterly cryptobusiness revenue fell by about $ 100 million. According to our estimates, in the third quarter, the company's revenue will be close to zero, " said Christopher Rolland, analyst at Susquehanna in the semiconductor industry.

Recall update Constantinople, the second part of the Metropolis hardfork in the network Ethereum, postponed to the beginning of 2019. In particular, ProgPow code aimed at fighting against ASIC miners will be added to it .

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