At this time it was really a difficult time for crypto whose price was getting worse. I think this is a correction, but why is the price as low as this, and I am very confused that holding it for now is still a good choice or not.
It is simple a 4 cent power guy makes money on gear today right now.
So he buys cheap miners from bitmain in bulk driving price downwards.
Group By: Difficulty Day Week Month
Date Difficulty Revenue Profit Return
2018 0
9-11 – 9-19 (9 days) 7019 G 18.58 18.39 18.39
9-20 – 10-3 (23 days) 7159 G 25.31 25.06 43.45
10-4 – 10-17 (37 days) 7302 G 24.45 24.2 67.65
10-18 – 10-31 (51 days) 7448 G 23.6 23.36 91.01
11-1 – 11-14 (65 days) 7597 G 22.77 22.54 113.5
11-15 – 11-28 (79 days) 7749 G 21.95 21.73 135.3
11-29 – 12-11 (93 days) 7904 G 21.15 20.94 156.2
12-12 – 12-25 (106 days) 8062 G 20.37 20.16 176.4
12-26 – 1-8 (120 days) 8224 G 19.6 19.4 195.8
2019
1-9 – 1-22 (134 days) 8388 G 18.85 18.66 214.4
1-23 – 2-5 (148 days) 8556 G 18.11 17.93 232.4
2-6 – 2-19 (162 days) 8727 G 17.38 17.21 249.6
2-20 – 3-5 (176 days) 8902 G 16.67 16.51 266.1
3-6 – 3-19 (190 days) 9080 G 15.98 15.82 281.9
3-20 – 4-1 (203 days) 9261 G 15.29 15.14 297
4-2 – 4-15 (217 days) 9446 G 14.63 14.48 311.5
4-16 – 4-29 (231 days) 9635 G 13.97 13.83 325.4
4-30 – 5-13 (245 days) 9828 G 13.33 13.19 338.5
5-14 – 5-27 (259 days) 10025 G 12.7 12.57 351.1
5-28 – 6-10 (273 days) 10225 G 12.08 11.96 363.1
6-11 – 6-24 (287 days) 10430 G 11.47 11.36 374.4
6-25 – 7-7 (300 days) 10638 G 10.88 10.77 385.2
7-8 – 7-21 (314 days) 10851 G 10.3 10.19 395.4
7-22 – 8-4 (328 days) 11068 G 9.726 9.629 405
8-5 – 8-18 (342 days) 11289 G 9.166 9.075 414.1
8-19 – 9-1 (356 days) 11515 G 8.618 8.531 422.6
9-2 – 9-15 (370 days) 11746 G 8.08 7.999 430.6
9-16 – 9-29 (384 days) 11980 G 7.552 7.477 438.1
9-30 – 10-12 (397 days) 12220 G 7.035 6.965 445.1
10-13 – 10-26 (411 days) 12465 G 6.528 6.463 451.5
10-27 – 11-9 (425 days) 12714 G 6.031 5.971 457.5
11-10 – 11-23 (439 days) 12968 G 5.544 5.488 463
11-24 – 12-7 (453 days) 13227 G 5.066 5.016 468
12-8 – 12-21 (467 days) 13492 G 4.598 4.552 472.6
you are fighting cheap gear supply
Ie 388 usd s9j units are killing you.
Big power guys are expanding like mad driving mining profits down.
And they have to sell coins fast to pay for expansion
this will continue until bitmain stops selling s9j miners at stupid cheap prices.