Friday, July 14, 2017

Ethereum Gold Rush Wanes As Price Plummets, Mining Difficulty Skyrockets

Thinking of getting into Ethereum mining? You should probably read this first.

Cryptocurrency (also known as crypto coins or altcoins) found its way back into the public eye in recent months when Ethereum's value spiked dramatically: At the end of 2016, Ethereum was worth $8.22 per coin, but by February 28, 2017, the value of Ether doubled to $16.05. On March 6, Ether peaked at $19.45, and 10 days later the value more than doubled again, to $43.87. By the end of April, the value of Ether coins began rising again, and by May 6, Ether was trading for $94.81.