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.
asics sit and wait for a lot of alts to pump. So a flick of the switch and they turn on.
Think of zec how much hash do they have z miners are like 50 cards.