ETH/USD Price Analysis: Below $200 ETH Mining is Useless, Hash Rate Drop

After 11 months of relentless bears, statistics from Susquehanna, a US based trading and technology firm has confirmed that mining Ether is no longer profitable. This is mostly due to a relentless bears that have since drove prices from $1400 to $200. Because of this, monthly mining profitability is now zero, down from $150 registered mid last year.
The Drop in ETH Mining is Because of Serenity
Unlike Bitcoin, Ethereum mining utilizes GPU chip sets. Though they guarantee complete decentralizatio