JackTheMimic's avatar
JackTheMimic 2 weeks ago
You know that the difficulty adjustment makes mining always unprofitable right? You only have a 2016 block timeframe to do a massive hash dump and be VERY lucky to make profit. Then you must have a massive increase in efficiency to even compete profitably again. So, yeah a guy lost $600...
↑ Parent

Replies (4)

Tyler Burns's avatar
Tyler Burns tylerburnsveg@anonymousgreen.com 2 weeks ago
That's not true at all. Difficulty, on average, only changes by a few small percentage points each adjustment. So there is plenty of time to remain profitable so long as you aren't getting into mining with an unprofitable setup from the get-go.
JackTheMimic's avatar
JackTheMimic 2 weeks ago
Uh huh, and how do you think the other miners respond? This first order thinking shit is aggravating as fuck.
↑