Post
Topic
Board Mining (Altcoins)
Re: 8th Alt coin thread. Or what to do now that asics are all over the place.
by
dragonmike
on 14/05/2019, 09:19:33 UTC
As long as alts don't properly take off we'll remain in low-profitability-land.

I'm finding it quite strange however that on the days where alts do pump, profitability hardly goes up. It's like hashpower comes out out of nowhere and immediately increases diff. There's probably so many automated mining bots out there that any little opportunity is squashed as it appears. We need a widespread alt bullmarket for this massive global hashpower to be absorbed.

Makes me think we might see all time highs again, but not in terms of daily mining profitability. Way too much hash out there.