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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

 

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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.

 

 

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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.

 

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

 

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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.

 

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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.

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