There are a shit load of GPUs mining ETH and other coins out there. The moment this became as profitable as ETH for RX580s and similar, it begun drawing them. Instead of Monero mining going insanely profitable as some expected, I think all GPU mining will be a speck more profitable, and that's it.
more than a spec, and once electroneum forks as well things should get even better
i supect we will see acros the board 20 percent more profits acro the board when all the remaining forks take place
i think this fork opened alot of eyes, i think other algo will fork just to flush out the asics
I completely agree, once monero copy pastes all the work done by other teams and devs of monero or sumokoin, the hashrates will drop further and profitability will increase higher. Everyone in this situations wins except those people who bought cyrptonight ASICs. They should have thought about it more in the first place.