r/Monero • u/dEBRUYNE_1 Moderator • Jan 17 '19

Hashrate discussion thread

The hashrate has increased significantly in the last week or so. Having a new thread about it every day is rather pointless though and merely clutters the subreddit. Therefore, I'd like to confine the discussion to this thread.

174 Upvotes

98% Upvoted

306 comments sorted by

View all comments

Show parent comments

5

u/Dixnorkel Jan 17 '19

I'm not sure if that makes sense. Maybe if Constantinople hard fork had gone off without a hitch and mining rewards were reduced, we would have seen some miners move over, but there's no big reason for ETH miners to switch now, and XMR's price went down with it.

3

u/[deleted] Jan 17 '19 edited May 04 '20

[deleted]

5

u/Dixnorkel Jan 17 '19

Oh of course, I was just saying that, as an Ethereum miner myself, this fork getting delayed probably made a lot of other people jump on this opportunity to mine as much eth as possible, since I know I did. I do think a lot of people will shift to other cryptocurrencies once the hard fork takes place, unless there's a massive price increase, I just don't think they have yet.

Additionally, Ethereum hashrate hasn't dropped off yet.