Analysts believe that Ethereum mining will become unprofitable
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Ethereum's latest EIP1234 reduces mining rewards from 3 Ethereum to 2 Ethereum. As the value of Ethereum falls, speculation about Ethereum dumps and reduced block rewards have made many miners anxious. In response to Ethereum's latest update EIP1234, Ethereum miners are considering boycotting Ethereum mining. According to TrustNodes, it costs $152 in electricity to mine 1ETH, which is $30 less than Ethereum's current price. (Chepicap) |
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