Quote from: Rainbow Bear on Today at 04:17:18 PM

Ethereum gas fees will continue to drop which makes profits heavily decline. A lot of the uniswap trades have moved over to layer 2 such as quickswap.

New miners are going to be left bagholding hardware worth less than half the price they bought it for. Its not too late to sell your gpus.

You really thought profits would stay high? You know how many people would love to make an income from home doing next to nothing? This causes hashrate to skyrocket and profits go extremely low.

Quote from: Ken_terrance on Today at 03:14:21 PM

The funny part is there are some success stories about miners that never stopped mining since bear market began in 2018, they mined some ethereum and hold till ethereum turn 1000+, aren't they the real winners here? Some said they spend more on electricity but isn't that for those who sold their ETH in bear market?

Sure they made money but would have been much better off just buying crypto with their money.

So true. I guess they will have to learn the hard way or live in denial like many bag or hardware holders do hehe