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Quote from: exbatallion0307 on May 25, 2020, 07:11:33 PM

Mining is not the same as it was about 5 years ago. Maybe they’ll come up with something new.

Of course, mining is not the same as 5 years ago, because they constantly come up with something new.

The era of home mining has finally become a thing of the past, but thanks to the transition of Ethereum to the PoS algorithm, it may return again this year. But whether it will be possible to make money on it is a big question.

Getting rich at Bitcoin mining will also become more difficult - the reward for the mined block in the Bitcoin network will be halved and mining will only be profitable with a MTC price of $ 16,000, and so far the coin has little chance of rising to that level.

But, despite all the difficulties, the mining market is alive, developing, and can bring good money.

2018 was a difficult year for miners. The Chinese authorities have outlawed mining, the industry has come under a de facto ban in South Korea.

Then the largest manufacturers of mining equipment - Bitfury, Bitmain, Ebang, Canaan, Genesis Mining, Nvidia, AMD - reported a decrease in demand from miners and a drop in profits, some pools and companies closed.

But in 2019, the situation improved: Bitcoin and the market grew, new generations of energy-efficient devices appeared.

The market not only survived, but continued to grow. Among the constraining factors, experts highlight high transaction costs, leading to low profitability.

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