Skip to content

CRYPTO MINING BLOG

Your guide to cryptocurrency mining

Primary Menu
  • CRYPTOCURRENCY
    • NEWS
    • WALLETS
    • INVESTING
    • TRADING
  • MINING
    • CRYPTO MINERS (SOFT)
    • ASIC MINING
    • GPU MINING
      • AMD GPU MINING
      • NVIDIA GPU MINING
    • CPU MINING
    • FPGA MINING
  • SOFTWARE
    • CRYPTOCURRENCY WALLETS
    • CRYPTOCURRENCY MINERS
    • TOOLS & UTILITIES
    • TRADING BOTS
    • FLASHING GPU
    • DRIVERS
    • SOFTWARE & FIRMWARE ASIC (ANTMINER)
    • NEW RELEASES
  • REVIEWS
  • GUIDES
  • NEWS

Only 8% of Ethereum addresses are “profitable”

  • CRYPTO MINING BLOG
  • Dec 28, 2019
  • No Comments
  • Ethereum (ETH)
  • Cryptocurrencies
Only 8% of Ethereum addresses are “profitable”
Only 8% of Ethereum addresses are “profitable”

Ethereum (ETH), the second largest cryptocurrency by market capitalization, is being traded at around $ 129 at the time of publication, up 90% from a record high of $ 1,431 reached in January 2018.

According to Coindesk, citing research by IntoTheBlock, a price reduction has led to more than 90% (or 31.31 million) of Ethiurium addresses suffering losses. An address is considered unprofitable if the current price of the ether is lower than the average market price at which the coins were sent to the address.

Thus, 31.31 million addresses received coins at a price that exceeded the current price of ether. Most of the addresses received coins at prices ranging from $ 211 to $ 530. The largest cluster (about 4.77 million) consists of addresses that received coins ranging from $ 262 to $ 352. About 3.58 million addresses – from $ 745 to $ 1340.

At the same time, it is worth noting that from the moment of launch, the ether was trading above $ 747 only for six months – from a rapid rally in October-December 2017 to falling prices in the first quarter of 2018.

At the same time, it is worth noting that from the moment of launch, the ether was trading above $ 747 only for six months – from a rapid rally in October-December 2017 to falling prices in the first quarter of 2018.

Nevertheless, although the number of profitable addresses is small, the amount of air that they store is substantial – 31.24% of the current air supply (34.05 million ETH or $ 4.5 billion at current prices).

In the first half of 2019, the price of ether increased by 120%, but in the second half decreased by 54%. Ether is not the only cryptocurrency that has faced strong pressure from sellers. Nevertheless, Bitcoin so far captures almost 100% profit for the year, while ether grew by only 1%.

Recommended Related Articles:

  • Parity leaves Ethereum ecosystem
  • Ethash: how it works when mining Ethereum
  • Ethereum co-founder Vitalik Buterin complains on Twitter that he was insulted
  • BitPay adds support for stablecoins USDC, GUSD and PAX
  • NoDevFee (NoFee) – How to disable commission in the miner

Read more:

Coin Metrics: One-third of Bitcoin Cash coins have not moved since the creation of the cryptocurrencyA third of Bitcoin Cash coins have not moved since the creation of the cryptocurrency XRP became the most unsuccessful large crypto asset for investments in 2020XRP became the most unsuccessful large crypto asset for investments in 2020 bitc crypto-mining.clubBitcoin (BTC) Price Prediction LINK Binance Сбой на Binance позволил трейдеру купить 900 тыс. токенов LINK за $90The failure on Binance allowed the trader to buy 900 thousand LINK tokens for $ 90 Cryptocurrency News, April 14: Galaxy Digital, Binance, Huobi, Covid-19Cryptocurrency News, April 14: Galaxy Digital, Binance, Huobi, Covid-19 China’s investment in blockchain in 2019 decreased by 40% Trump causes “extreme fear” at BTC, but can he ban bitcoins? Over the past day, the cryptocurrency market capitalization has grown by more than $ 30 billion.Over the past day, the cryptocurrency market capitalization has grown by more than $ 30 billion. Bitcoin was able to recoup a little thanks to the support of some investorsBitcoin was able to recoup a little thanks to the support of some investors XMR-STAK vs CastXMR - Who will win?XMR-STAK vs CastXMR – who is more profitable?
CRYPTO MINING BLOG
Founder & CEO

Previous post

GMiner v1.90 (AMD/Nvidia): Added support CryptoNightBBC algorithm

Next post

Binance has implemented the ability to link European Visa cards to accounts on the exchange

No Comments

Please Post Your Comments & Reviews
Cancel reply

Your email address will not be published. Required fields are marked *

  • USD
  • EUR
  • GPB
  • AUD
  • JPY
  • bitcoinBitcoin(BTC)
    $104,489.230.63%
  • ethereumEthereum(ETH)
    $2,520.38-0.15%
  • shih-shih-tzuShih Tzu(SHIH)
    $0.000246-0.01%
  • tetherTether(USDT)
    $1.000.03%
  • rippleXRP(XRP)
    $2.171.70%
  • vnm-venom-ethVenom(VNM)
    $2.110.00%
  • binancecoinBNB(BNB)
    $655.710.23%
  • oxy-oxycoinOxycoin(OXY)
    $101.250.00%
  • solanaSolana(SOL)
    $155.490.23%
  • usd-coinUSDC(USDC)
    $1.000.03%

  • TeamRedMiner v0.6.1: Download AMD GPU miner Ethash, MTP, CryptoNight
    26.8k views
  • ATIKMDAG PATCHER v1.4.14: Download AMD/ATI Pixel Clock for Windows
    14.9k views
  • Nvidia Mining Driver v470.05 GeForce RTX 3060 – Unlock Mining Ethereum
    7.2k views
  • OverdriveNTool 0.2.7: Download and Configure AMD GPU Overclocking Software
    5.6k views
  • PolarisBiosEditor 3 PRO: Modify AMD GPU BIOS (Download PBE Crack)
    5.5k views
  • Setting up AMD Radeon VEGA 56/64 for cryptocurrency mining
    5.3k views
  • NiceHash Miner v3.0.0.7: Download NHM for Windows/Linux/MacOS
    5.2k views
  • Nvidia GeForce RTX 3080 Ti: Unlock Mining Hashrate Driver for Windows
    4.7k views
  • SRBPolaris v3.5: Download BIOS Editor AMD GPUs for Windows
    3.9k views
  • NVIDIA NVFlash v5.590.0 (Windows/Linux) – How to flash the BIOS of GPUs NVIDIA?
    2.9k views
  • OhGodAnETHlargementPill: How to increase hashrate in mining on NVIDIA
    2.7k views
  • AMD Blockchain Driver: Radeon Software Crimson ReLive Edition Beta for Blockchain Compute
    2.6k views
  • CPUMINER-OPT v3.8.4: Download Fast CPU Miner for Windows
    2.6k views
  • ATIFlash & AMD VBFlash 2.93: Download BIOS Flashing Tool for AMD GPUs
    2.5k views
  • XMRig v5.6.0 CPU/GPU: Download miner Monero for Windows/Linux
    2.2k views
All Rights Reserved. CRYPTO-MINING.BLOG.
  • English
  • Russian