Quote from: Williamm07 on Today at 09:50:13 AM

Quote from: FP91G on December 02, 2021, 03:24:33 PM

Quote from: adaseb on December 02, 2021, 03:08:14 AM

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.

This is true, only miners need to make the right decision. The growth of the Ethereum hash rate has stopped, and we do not know when the mining will end. The results of the first Ethereum 2 testnets will be announced in December 2021.
But newbies still buy graphics cards at high prices, as novice miners did in 2018.

Well things are different now compare to 2018, ETH mining wasn't coming to an end in 2018 only the market is down and still I believe it was a good time to keep mining because difficulty reduced alot and miners earn more ETH than 2017, these miners became the real winner in 2020 I believe, the best time to keep mining is in bear market, mine and store your coins

Why mine Ethereum when you could buy it for $ 100-200?
For example, I bought equipment if its payback was about 8-10 months, or maximum 12 months.
I don't think that many miners bought equipment in 2019, when the profit was from zero to several tens of cents.
Many miners had negative profit and turned off their farms. Check out the hashrate history.