Post
Topic
Board Mining (Altcoins)
Re: Will mining profitability keep going down, or will it stop - or increase?
by
smg1902
on 05/07/2017, 13:23:31 UTC
Sorry mate but your arguments make no sense to me.

First I don't understand  how, even with the current "crash" on the altcoin markets, your profitability can be declining rapidly. All coins have doubled/tripled (and more) in value within the last few months. Even if you mine less coins, the profits are still huge compared to last year. So unless you pay 1$/kWh...or I'm missing something.

You're missing the fact that difficulty is skyrocketing because everyone, their mothers, their grandmothers, and their dogs and cats are jumping into the gold rush.  Take a look at any of the profitable coins' hashrate and difficulty charts for the last couple of months.  They go from a gentle upward slope into an abrupt near vertical climb.  So as more people/hashrate come into play, everyone's respective piece of the pie shrinks unless coin prices keep rising at an equal or greater rate.