Hey Guys, looks like mining profitability is going down fast. Anyone else think so too?
The ethash difficulty has gone up crazy in January. At this rate, it will be very unprofitable towards mid-year.
Also, once ETH switches to POS, it looks like all that hash power will be spread out to all the other alt coins, and it should essentially make mining unprofitable or very small profits.
Thoughts?
All GPU algorithms are going down in profitability, especially after Christmas, it has gone downhill unfortunately. I can't mine on Ethash due to my GPUs being under 3Gb of ram so I can't judge about that, but Equihash is barely profitable for me. If this situation continues, it will definitely be unprofitable within the next few months.