I am confused on the mining profitability, I started mining back in January and I was making 6-7 dollars a day now I hardly touch the $2 mark.
Currently I am mining on a single 1080TI to test things out before I go out and buy a mining rig.
I don't understand the sudden drop in the reward, is it because of difficulty or the mining reward is slashed to half (as I understand this should happen every 4 years, and for a specific coin only).
Also I am wondering why does the price drop of bitcoin effects all the cryptocurrencies mining reward?
Hi! First of all, I don`t think it`s a wise decision to mine Bitcoin on videocard for now. You should try ZCash, Ethereum, Ethereum Cash, Zencash. At least, they were more profitable at a time, I was curious about mining. That should give you more profit. As for profitability of Bitcoin mining, guys above rightfully said about BTC price and state of market. Still, I think you should ask for advice people on Mining board
https://bitcointalk.org/index.php?board=14.0 , I`m sure they can help you more.