Since the Ethereum Constantinople’s activation date was confirmed, a mass of leading crypto researchers, analysts, and commentators have claimed that the pertinent blockchain upgrade is a net positive for this industry. However, a deep-dive, research-backed exposé from an industry insider has gone against popular belief, claiming that Constantinople “couldn’t come at a worse time.”
In early-November, NewsBTC reported that Susquehanna-sourced data indicated that small Ethereum mining operations were far from feasible. Per company data, the average Ether (ETH) focused graphics card (GPU) miner had seen their profits dwindle to $0 in the month of November, down from approximately $150 during the summer of 2017. Susquehanna representative Christopher Rolland told CNBC that even with Nvidia’s flagship hardware offering, the GTX 1080, the return-on-investment (ROI) provided isn’t financially advantageous.