Quote from: swogerino on Today at 01:07:42 PM

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.

Everyday people are turning off their gpus because it makes no sense to mine anymore till a balance is hit, as soon as a balance is hit then negative profit will stop and then for 60mhs you will make few cents, $0.10 per day per gpu, it stayed in negative profit for months in 2019 for 30mhs and 30mhz is like 60mhz tis cycle around, so eth will have to crash a lot yet for that to happen, i mean below 500 usd. We come back to what I have been saying every cycle, people get spoiled, eth got to almost 5k and trolls thought eth for 2000 usd would be impossible, look where it is at moment, almost at 1000 usd mark, if you said eth would crash below 1000 usd trolls would laugh and kill you at the spot, people are spoiled, they will never understand that this market is made of cycles because that is the only way the rich gets richer, ifyou dont sell the bags when the price is good then your loss, same thing is if you dont buy when the price is good your loss too, use both sides then you win in the end but need to be very careful because there are too many scamcoins, need to know what to buy. I know many trolls who discarded my words when I said luna solana and many others are scams, look now, they lost big and some lost it all.