Dude, last year, Bitcoin price went up from 800 usd to 20,000 usd to now about 10k+ usd. That is a price increase of 12-20x or so.
Did mining get 12-20x MORE profitable?
No, it didnt.
Why?
Because bitmain and other manufacturers push out so much equipment to push difficulty far far higher....
Now, wat do u think will happen when more manufacturers add to even MORE mining equipment and BIGGER difficulty increase??
Bitcoin price will need to go up 12-20x again...same as last year... to keep mining profitability sort of the same.
I dont see bitcoin rising to 120,000- 200,000 usd this year. It has stagnated for a month as it is.......
We can have a case where mining does not make money but selling miners makes money.
So much uninformed idiocy in such a small paragraph.
Higher Bitcoin Prices == Bigger Profits Per Coin
Total Hashrate Sum Of Mining Pool Results in ---> Proportional Share Of Block Rewards
(Averaged over time, there are variances) + Transaction Fees Per Block Mined
"Stagnating for a month" after rallying to an
ALL-TIME FUCKING HIGH is the the usual pattern for Bitcoin, you loon.
Bitcoin is up
969% from January 31st, 2017.
You also realize that there seems to be a direct correlation to increases in difficulty and price?
Of course not, you're too busy being an
idiot.