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Topic: Can the crytpo mining sector recover from the shockwaves of 2018? How long? (Read 188 times)
July 28, 2019, 11:59:20 AM
January 30, 2019, 04:05:39 AM
If its anything like the Litecoin GPU mining crash of 2014 then it will be almost 2 years before its profitable again. I remember back in Nov 2013, BTC hit a new ATH and everybody was either buying BTC or GPUs to mine Litecoin/Dogecoin. All was well for the first 3 months and then there was no profits to be made by April-May 2014.
After that there was nothing really profitable to mine until ETH came out in late 2015 but it had a good month and then price started suffering. However in Feb 2016, it became very profitable pretty much for the next 2 years.
So if history is to repeat itself, it will be profitable to mine again in April 2020. By then most would have sold their 1070 GPUs to gamers and completely forgot about minin.
After that there was nothing really profitable to mine until ETH came out in late 2015 but it had a good month and then price started suffering. However in Feb 2016, it became very profitable pretty much for the next 2 years.
So if history is to repeat itself, it will be profitable to mine again in April 2020. By then most would have sold their 1070 GPUs to gamers and completely forgot about minin.
January 29, 2019, 07:03:41 PM
Very simple. At least a year till gpus start making above $1. Look at the big bowl shape multi year trend. We are not mooning anytime soon, so you moon boys need to come back down to earth and face reality.
It's a marathon not a Sprint.
It's a marathon not a Sprint.
January 29, 2019, 04:56:22 PM
You may as well go look up a psychic for answers to these questions.
LOL
Hard to answer his question. If they will wait for another 2017 epic year, then they will not go back to mining. They need to adapt the current market situation. Look for other profitable coins. They can always mine and earn.
January 29, 2019, 04:53:39 PM
You may as well go look up a psychic for answers to these questions.
January 29, 2019, 12:23:40 PM
Can the crytpo mining sector recover from the shockwaves of 2018? How long?
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