Tag Archives: Decline

Ethereum Classic (ETC) May Decline Further But Future Prospects Are Bright

Ethereum Classic (ETC) is handing by a thread as price trades lightly above the 50 day moving average. This is the only thing between ETC/USD holding its ground and crashing hard to a new low in 2019. So long as Bitcoin (BTC) continues to stall a move to the downside, Ethereum Classic (ETC) is expected to do the same. Continue reading Ethereum Classic (ETC) May Decline Further But Future Prospects Are Bright

Bitcoin Miners are Selling Old ASICs for Scrap Metal as Price Decline Hastens Obsolescence

To some observers, the video and images demonstrated that crypto miners — even those located in China, where low energy rates provide greater profit margins — were beginning to feel the pinch from bitcoin’s prolonged bear market. If miners were dumping ASICs on the street, it not only meant that the bitcoin price had reached their “shutdown-mark,” the point at which miners can no longer turn a profit running the machines, but also that they didn’t think these devices would ever be profitable again. Continue reading Bitcoin Miners are Selling Old ASICs for Scrap Metal as Price Decline Hastens Obsolescence