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RE: [Day 32] - Steady in ETH Mined Rate!! - Genesis Mining Cloud Mining Review
You do realize that Ethereum has a built-in mining ice age right? There is no way the daily mined rate won't drop. Actually, it is programmed to reduce exponentially.
Yes, I do know the mined rate would decree with time. I just didn't see the dropping that fast. It only took a month to drop half the mined rate. That is totally out of my expectation.
I recommend this video that explains it very well :
In summary the Ethereum developpers are making it less and less profitable and practical to make transactions via proof of work (mining) so they can transition to proof of stake (which doesn't need mining and thus in theory is more efficient).