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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

All Digital Currency Is Hurting

 

This isn't all about Ethereum, but it feels like it is at times. We have to remember other major digital currencies are failing right now. The prices of Bitcoin have come down 10% in the last 24 hours but look at the declines in both Ethereum and Zcash - the latter dropping 29% in the last 24 hours, which is tragic.

 

ethereum-tumbles-price-even-harder-difficulty_08

 

You can see this chart is all red and features most of the largest digital currency like Bitcoin, Ethereum, Zcash, Dogecoin, and others.

 

 

ethereum-tumbles-price-even-harder-difficulty_09

 

If we look at the major coins that we're talking about here, this is Bitcoin, Litecoin, Ethereum, Dash, Zcash, and Ethereum Classic. All red.

 

 

Paint The Town Red

 

Why all the red? We don't know. There have been no major shifts in the digital currency market, no new coins or financial doom reports. It has been mostly positive with more companies pushing into the cryptocurrency world, but the prices are falling through the floor, and not many seem to be talking about.

 

Zcash dropping 30% overnight should be ringing alarm bells everywhere, the same goes for Ethereum and its 21% dive, or Litecoin and its 12% drop... heck, Bitcoin is down 9% and no one has flinched.

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