The weakness of the price goes with Cryptovest's sliding Hashrate



Ethereum (ETH): price weakness comes with sliding Hashrate

The global supercomputer (ETH) is losing power, as the miners have gradually abandoned the network in recent weeks. The ethereal hashrate has fallen to its lowest level in the last three months, slipping to 257 TH / s. Since March 2018, the ethereal hashrate has been relatively flat, going from about 250 to 290 TH / s, indicating uncertainty after much faster growth in the first three months of 2018. This coincides with the acceleration of market prices of ETH.

The Ethereum network has presented a number of problems, including periodic congestion. This factor, coupled with the awareness that the apps distributed by Ethereum had very few users, was one of the bearish factors that exposed the fact that the Ethereum Virtual Machine could have been overwritten.

Continuous skepticism finally led to an exaggeration of market prices. ICO projects, which …

This article appeared for the first time on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained on this website are not necessarily nor in real time nor precise. All CFDs (stocks, indices, futures) and Forex prices are not provided by stock exchanges but by market makers, so prices may not be accurate and may differ from the actual market price, which means prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any commercial losses that may occur as a result of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of relying on information including data, quotes, charts and purchase / sale signals contained on this site. Please be fully informed about the risks and costs associated with trading financial markets, it is one of the most risky forms of investment.


Source link