Post
Topic
Board Mining (Altcoins)
Merits 1 from 1 user
Re: What will be the Fate of miners in 2022
by
adaseb
on 02/12/2021, 03:08:14 UTC
⭐ Merited by FP91G (1)
Nobody knows what will happen.

The price can trade sideways for the next 12 months and it’s bad for miners since the difficulty will also keep going up. So our profits will keep going lower and lower.

Price can also go down which would make us make less money exponentially since hashrate is high while price is dropping.

Or ETH can go to something crazy like $10K and it’ll be a very profitable year like in the past. The difficulty will increase but so will the price.