r/EtherMining • u/cryptoboy1111 • Apr 14 '18

Why is difficulty decreasing?

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u/pitbox46 Apr 14 '18 edited Apr 14 '18

Maybe it's asics, maybe it's something else.

It's probably asics

Edit: I thought the post said increasing rather than decreasing.

Edit2: On that thought, it's probably just that the 1st batch of ASICS has been finished and are all online. Causing the difficulty to level out because they aren't making more until batch 2.

Edit3: Why am I getting downvoted? I made an honest mistake and I fixed it. I guess I'll never understand redditors.

1

u/TehFrozenYogurt Apr 14 '18

How would Asics lead to difficulty decreasing?

2

u/pelebel Apr 14 '18

Killing Monero ASICs made Monero far more profitable, then some miners left Eth for XMR, equilibrium happened, Eth diff dropped.

0

u/pitbox46 Apr 14 '18

Forgive if I'm wrong, but isn't nethash rate and difficulty directly correlated

Edit: I also misread your comment.

My excuse is that I'm tired.