hmm, the price is getting lower but the diff is so high? i can't explain why many people interested in mining? is there anything im missing?
Profitability now is normal period for me. If you have been in mining for years you would know that most of the time it is like that, we have waves every year. When it is x3 and higher, we have stampedo of new miners without any strategy or knowledge, gpus sold out and prices up. We are now in a time when we see first gpus again on stock, prices slowly going down, market sideways, china just came from new year and slowly awakening. When market goes bullish again and profitabylity goes up, we will see a new hype, new money will flow in to crypto, GPUs gone and prices up. It will repeat just the same as allways. All that changes is the time interval.
When profitability on gtx 1060 is more than 3 USD/day I sell daily because it collapse every time sooner or later, now at cca 1usd/day per gtx1060 and lower I hold all. I also remember the time when profitability on most coins was negative and people shut down their rigs. At that time I ran all rigs and hold. Risky for some but than we had a run like never seen before and those who did the same were victorious. We also have examples like zcl, stupid coin for me but I did mined it for a week last year and hold, gtx1060 did around 1 zcl/day. So roi was 1 day if you sold before fork. I try to mine every coin and hold at least some amount, every single one will pump one day. You never know for what stupid reason it will go through the roof like zcl did, hush also. Forks and airdrops are hot atm. I try to mine most profitable coins and spread them in to wider portfolio.