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Title: Possible difficulty drops as things heat up this year Post by: PeaMine on May 25, 2021, 01:41:33 PM One pattern I have seen every year since S3s were brand new, is that summer usually drops the difficulty as heat limits are reached in certain areas or it is no longer wise for "free heat" during the winter.
The price during this time, will usually go up as well, as some miners in warmer areas are forced to buy or hold or FOMO as they watch the price climb and climb. This can also cause droughts, especially for hydroelectricity, further making things difficulty to keep going and more FOMO. What are your thoughts? Title: Re: Possible difficulty drops as things heat up this year Post by: Yogee on May 25, 2021, 05:05:40 PM I am not familiar with altcoin mining and how the mining difficulty is adjusted when hash rates drops for reasons like you said in your post.
...The price during this time, will usually go up as well, as some miners in warmer areas are forced to buy or hold or FOMO as they watch the price climb and climb. I do not see how this is related to the price. Why would they buy or fomo when the situation dictates that they should sell their mined coins so they could pay for fixed maintenance cost of their mining machines? |