Hi Guys,
Dark days for us altcoin miners are upon us
ZEC,ETH,XMR - profitability just dropping across the board... Strange.
U think this will improve or is it a downward spiral for a longer period?
Think, when prices goes down, then mining profitability drops, then those with high price of electricity stop mining. What happens then? Dificulty decrease and you mine more coins and your mining profitability gets better.
Depends how you look at it. Maybe they don't stop, they just earn less
You'd have to have really high electricity not to make a profit, right? like what, 15c/kw? Anything below 10c/kw you can make serious cash given you have enough rigs...
Anyway, thanks for the open discussion, i would really like to know what others think about this.
I don't have a lot of rigs, but i'm thinking into making a bigger investment into mining, but i really have second guesses all the time and can't make up my mind.