Quote from: wheelz1200 on Today at 05:11:08 AM

Quote from: MetaMii on May 28, 2022, 07:30:53 AM

Down the road into a bear market what can a new miner except from a 500MH mining farm? How incredibly bad can this get? 5$? 8$? Asking those who are here before in 2018 so I can know what's awaiting me.

Pretty much hurt, that's what's coming. I mean profitability is going to just plummet, the choice is to sell or hold on for the next run because you won't be able to run your hardware at any kind of profit in a bear. But when things turn everyone flocks back to hardware. Happened in every run. This should he no different. But be forewarned you will be tested during this bear for sure. Good luck

Difficulty is going down with 1 P from 15 P to 14 P in Ethereum mining and I can make more Ethereum daily then I used to 2 days ago.I expect another massive difficulty reduction and I expect that the people who will win are those who will hodl in the middle of the bear market.I agree that bear market is a blessing for miners who want to become long term hodlers.I mined at a loss at 2018 and made a good amount of Bitcoin which in 2021 more specifically in February turned to 50.000 USD/40.000 EUR so I will still mine at a loss and keep the coins for the next bull run which I predict will be no further than 1-2 years from now.