How come profitability is this low now? Ever since the "crash" in bitcoin price, altcoin mining has been very unprofitable. Is there a simple explanation for this that i cannot figure out? Ive been thinking about it alot but cannot get my head around it.
Hmmm, let's see...everyone and their brother, sister, mother and father are mining now, so difficulty goes up and up at the same time asset prices go down. That's pretty simple math really. BTW, expect it to get worse. Much much worse. Until all the fast cash johnny come lately's get flushed off the game board, there will be further pain.
