So I see the difficulty going down pretty well in the last 24 hours,especially the ETHW is in less than 300 T now and ETC less than 1.8 P while RVN also less than 200K,looking good but is this because of the FTX drama or because many miners are realizing now that they can't do much with their rigs until they are like I am mining even at a loss for a longer run and much better perspective than it is now?
What are your views in this,many of you predicted that difficulty lowering down would happen in a couple of months but it is happening in just 1.5 months after ETH moved to PoS.
The revenue need months to recover, not the difficulty. Difficulty adjustment is fast on most coins.
And the Diffi go down, because of hashrate go down and hashrate go down, because of mining revenue go down, and after the black swan (FTX) the revenues are doomed at the moment, but will recover fast. So many shutdown or some jump over to kaspa, it raised over 35% in the last 7 days.
The people must shut down, mining at a loss is senseless - 1+1 is not 3