That is, while the SOV Coin is little-known it is mined by a small number of people. The more people are interested in this coin and will start to mine it, the less chances to get a coin and it will be necessary to constantly raise GWEI. That should lead to an increase in the cost of mining the coin and, accordingly, raise its price in exchange. Brilliant!
To be honest I thought that mining is about to die out at all! However aich project inspire some investors and SOV is keeping mining alive
It is becoming less popular than it was in previous years. Thats because most current coins and tokens doesnt need mining. They are based on PoS or hybrid protocols