Post
Topic
Board Mining (Altcoins)
Re: The fate of the Miners
by
Piskeante
on 25/11/2018, 16:48:48 UTC
Even if we are near bottom or in the despair stage. There's gonna be a period of accumulation and slow growth for all of 2019.

Can you miners survive these low to negative profitablity for another year at least? Most won't. I see miners are still too optimistic and haven't felt enough pain yet. Profitablity therefore will drop more and drag out for multiple years. I bet miners will not last that long and give up in 6 more months. Their dreams of Moon and lambos will be shatteter and  recovery taking longer than they want like multiple years. Eth hash rate finally decreasing some but not enough yet to justify mining

today, all miners with electricity cost about 0.08$/kW are losing money. Not much, just about 5$ per month. But i don't think it's profitable unless you think this market will recover, which i don't think it will happen.