Technology content trusted in North America and globally since 1999
8,260 Reviews & Articles | 62,693 News Posts

Ethereum Mining is Dead: Price Drops, Difficulty Booms

By: Anthony Garreffa | Editorials in Video Cards | Posted: Jul 11, 2017 12:33 pm

Ethereum Price Drops Below $180 USD




If you got into Ethereum in January, it was just $1... but most people got into a few months too late as by the time April rolled around it was already trading above $50. The next wave of Ethereum price increases arrived in the second half of May, where it not only breached $100 but $200 and on its way a month later to $393.





If we look at the last month of Ethereum pricing, it hit its peak of $393.03 on June 13 - which was right in the middle of the frenzy of Ethereum mining and global GPU shortages. This high didn't last long, as it dropped to below $300 just two days later on June 15, before recovering up past $350 in the next 48 hours.




Earlier this month the price of Ethereum was steady at $275 before it began its slow descent into miners' hell.




The last three days have been horrible, but it stabilized at $250 for at least 48 hours, before beginning its new lows of sub $200... and even sub $175 at one point.




At the time of writing, Ethereum had somewhat stabilized at $185... but I think the drops in price are far from over. An hour after finishing this article, the price began reaching $195... showing that it is still very volatile, and needs constant eyes on it to watch its price. I will edit this as the price continues to change.

    PRICING: You can find the product discussed for sale below. The prices listed are valid at the time of writing, but can change at any time. Click the link below to see real-time pricing for the best deal:


    United States: Find other tech and computer products like this over at Amazon`s website.

    United Kingdom: Find other tech and computer products like this over at Amazon UK`s website.

    Canada: Find other tech and computer products like this over at Amazon Canada`s website.

    We at TweakTown openly invite the companies who provide us with review samples / who are mentioned or discussed to express their opinion of our content. If any company representative wishes to respond, we will publish the response here.

Related Tags

Got an opinion on this content? Post a comment below!