Re: How does bear moves affect mining?

I guess prices drop and mining rewards get higher but
How does it work with mining of bitcoin and other alt coins
when prices dropping and people panic selling ??

Hopefully it brings GPU prices down.

Graphic cards price aren't coming down as far as mining remains profitable, even if ethereum turn 500$ again graphic cards price will only come down unless mining is not profitable anymore, I'm looking forward to the EIP1559 launch, this will at least solve the high gas fee issue

cards prices will go down if profit 30mhs=0.3$

I've never seen 30MH producing 0.3$ per day before, that's unreal, the lowest I've seen 30MH goes was 0.7$ per day, I believe that gpu price will start going down once 30mh starts giving 1$ per day but that day is still far away