Ethereum block rewards drop to their lowest level, Feb 2019. As that reserve starts dwindling, the new lower supply then might be felt in the market. Some 2,000 lower than even when the difficulty bomb briefly sent new supply down to 15,000 in September 2017. Then in February 2020, the difficulty bomb will kick-in again. From observation, there tends to be a lag in crypto between lower supply and an increased price.
Ethereum’s new supply has nearly halved, falling to circa 13,000 eth a day from 20,000 as the ice age kicks in to make mining more difficult.
For the first time this Sunday, ethereum miners are producing less eth than ever. Some 2,000 lower than even when the difficulty bomb briefly sent new supply down to 15,000 in September 2017.Ethereum block rewards drop to their lowest level, Feb 2019.
Ethereum’s new supply will now remain at this level until the Proof of Stake (PoS) Beacon chain fully launches by the end of the year, at which point it will more than halve again.
In the near future, it might drop close to ◊10,000, but that would be for a very brief period as the Constantinople fork will delay the difficulty bomb while setting new issuance at roughly 13,400 eth a day.
That would bring it in line with bitcoin’s current inflation rate of circa 4%. Eth’s new supply will then fall to about 2% by the end of the year, as will bitcoin after the halving...
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