|
Title: How does bear moves affect mining? Post by: menoiazei on February 23, 2021, 06:55:16 PM I guess prices drop and mining rewards get higher but
How does it work with mining of bitcoin and other alt coins when prices dropping and people panic selling ?? Title: Re: How does bear moves affect mining? Post by: JayDDee on February 23, 2021, 07:32:27 PM I guess prices drop and mining rewards get higher but How does it work with mining of bitcoin and other alt coins when prices dropping and people panic selling ?? Hopefully it brings GPU prices down. Title: Re: How does bear moves affect mining? Post by: CashbackLover on February 23, 2021, 08:31:59 PM I guess prices drop and mining rewards get higher but How does it work with mining of bitcoin and other alt coins when prices dropping and people panic selling ?? Hopefully it brings GPU prices down. Title: Re: How does bear moves affect mining? Post by: batsonxl on February 24, 2021, 09:27:06 AM I guess prices drop and mining rewards get higher but How does it work with mining of bitcoin and other alt coins when prices dropping and people panic selling ?? Hopefully it brings GPU prices down. Title: Re: How does bear moves affect mining? Post by: TanakabZX on February 24, 2021, 10:13:22 AM I guess prices drop and mining rewards get higher but How does it work with mining of bitcoin and other alt coins when prices dropping and people panic selling ?? Hopefully it brings GPU prices down. Title: Re: How does bear moves affect mining? Post by: FP91G on February 24, 2021, 05:07:56 PM I guess prices drop and mining rewards get higher but If we analyze the fall in cryptocurrency prices in 2018, then miners began to massively sell ASICs and video cards 4-6 months after a strong decline in profit or the beginning of losses. If the profit is low for several weeks, then this will not change the situation on the market for mining equipment.How does it work with mining of bitcoin and other alt coins when prices dropping and people panic selling ?? Title: Re: How does bear moves affect mining? Post by: Temido2222 on February 24, 2021, 10:04:57 PM Even if demand for GPUs dips due to a bear market, there's still a silicon shortage.
Title: Re: How does bear moves affect mining? Post by: adaseb on February 25, 2021, 05:19:35 AM I guess prices drop and mining rewards get higher but How does it work with mining of bitcoin and other alt coins when prices dropping and people panic selling ?? The reason why your mining rewards went up when prices dropped is because there was congestion on the ETH network and people were paying 5x the normal miner fee rate to get their transaction going. People assumed ETH would keep going up but it stopped and hence they are rushing to send their ETH to their exchange to take profits. However if every does this at once the network is congested so the really desperate people will increase the gas fee, and as a result more people increase the gas fee and the reason why the fees are crazy high. So your ETH lost value but you got more rewards as a result. This is not good because eventually the fees will go down and you will end up making less. Title: Re: How does bear moves affect mining? Post by: Metroid on February 25, 2021, 07:36:44 AM I guess prices drop and mining rewards get higher but How does it work with mining of bitcoin and other alt coins when prices dropping and people panic selling ?? The reason why your mining rewards went up when prices dropped is because there was congestion on the ETH network and people were paying 5x the normal miner fee rate to get their transaction going. People assumed ETH would keep going up but it stopped and hence they are rushing to send their ETH to their exchange to take profits. However if every does this at once the network is congested so the really desperate people will increase the gas fee, and as a result more people increase the gas fee and the reason why the fees are crazy high. So your ETH lost value but you got more rewards as a result. This is not good because eventually the fees will go down and you will end up making less. Trolls need to understand that on bear market, those gas fees are non-existent because there are no congestions. So this 1559 eip 99% only works on bull market, miners benefit most from the gas fees on starting and end of the bull market and when there are significant price crashes or rebounds. |