Just a harsh reminder of the difficulty curve. I expected this to happen but not so quickly.
Sorry to be the bringer of bad news.
Anyone starting after mid-february was more or less already late to the game. The biggest winners are the ones that bought directly in January. I still think if you don't have hours of tinkering to waste and want to make bank, it's easier to just outright buy ether. If it reaches BTC levels in couple years you get a 50x return....
Well price has skyrocketed since the difficulty increase. So I actually disagree with you. it has much more than doubled.How long do we have left before our earnings drop by 1/2 due to a doubling in difficulty?
During BTC days, the market value of the coin adjusted as difficulty increased and it became more scarce. Seems like that's not happening with Ether at all. The unfortunate part is that even as AMD increased shaders with Fury X, the output didn't proportionally increase over 290/290X/390/390X. That doesn't bode well for next gen cards when in the past as AMD GPUs got 40-50% faster, their BTC output also increased.
The shader part might just also be due to cod optimization. It's OpenCL and sadly to gett best performance it must be optimized for each card separately. Best guess it they optimized for Hawaii. But I don't fully disagree. With the newest drivers messing up hashrates that doesn't bode well for Polaris. Or has this been fixed now?