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With the update of Ethereum in Constantinople scheduled for 2019, many predict positive forecasts for the future of the third cryptography. The analyst and commentator Alex Kruger believes that the forecast is "decidedly bullish".
Read more: Ethereum a hardfork to block 7,080,000; Update: The new launch date of Ethereum & # 39; s Constantinople is January 16th
One of the most anticipated network updates in cryptographic space, Constantinople has also been called Ethereum 2.0. Among a number of important changes, a great one is that the new protocol will change mining mining premiums from 3 to 2. This is what could have a significant impact on the ETH price.
According to Kruger, the new mining premiums will make the bearish ETH short-term, but bullish for a longer period of time. He analyzed the future profitability of ETH extraction and elaborated its predictions in a Tweet thread.
2 / On January 16th Ethereum would trigger the updating of Constantinople, reducing the blocking premiums from 3 to 2. This would result in an increase of $ 67 in a tie to $ 101, sending other marginal miners out of the market (which is soon bearish term
since these miners liquidate inventories in the process).– Alex Krüger 🇦🇷 (@Crypto_Macro) December 18, 2018
3 / The increase in break-even points is not bullish on itself. The price does not follow breakeven, and in case of breakpoint, crypto does not represent a floor. However, once mining has passed the initial (painful) adjustment period, fewer mining resources mined by fewer miners will be decidedly bullish.
– Alex Krüger 🇦🇷 (@Crypto_Macro) December 18, 2018
Marginal miners = inefficient miners.
The costs and break-even points vary greatly among miners. pic.twitter.com/fLFZWaCNyI
– Alex Krüger 🇦🇷 (@Crypto_Macro) December 18, 2018
Read more: The mining of Ethereum is not profitable at the moment, but this could lead to a price rally
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