No, nicehash just came back online. Basically idiots feeding their hash into a botnet.
Idiots selling cheap to not so idiots who know what to do with that hashing power. Seller is happy, buyer is happy, middleman is happy. Again, hardest work = lowest profit.
Pretty sure Amph meant Baikal is about to kill almost all compute(=nvidia)-algos
X11-15 all gone.
Quark, Qubit gone.
myr-gr gone.
Most of the Blake variants gone.
lbry, pascal, skein gone.
Some other profitable compute heavy algos gone too.
If something profitable enough comes up it will be, yes, gone.
The price of bitcoin quintupled in that time period (still at more then triple value). Mining profits have not. Learning to trade is a better skill the mining. Mining will be going the way of the dodo at some point once again unless you have cheap power. Too many people know about it, it's too easy to do, and it takes almost no skill so it doesn't keep dumbasses out. Dumbasses are more likely to randomly spend money on things they don't understand as well so it makes it even worse, also mine negative when it reaches that point due to not keeping tabs on their profit and they just feed it into services like nicehash.
Mining is not sustainable.
Couldn't agree more. With that statement you won't get many supporters here but you already knew that.
Still, miners who have roi'd should mine like there's no tomorrow. New guys should find a way to keep close to that chair, music has now been playing almost 30 months, it almost stopped a couple of times...
Cash earned from mining is just like every other cash. I know it's easy to buy more mining hardware but is it really the most profitable option? I mean if you want to keep that in crypto there are almost_no_risk options wide open that earn easy 2-4%/ day???
Just remember to take some profits, and have a nice(long?) weekend too! Love you all!
From the film Gold (2016), loosely based on the true story of the 1993 Bre-X mining scandal:
You want to talk
about the truth?
All right,
let's talk about the truth.
The only truth here is,
when everybody's getting rich,
nobody gives a shit
about the truth.
Come the fuck on.
All anyone had to do was look,
open their eyes.
Man, the-the gold was wrong,
the find was too good.
There were red flags
everywhere.
Why did no one look?
'Cause no one wanted
to fucking know.
We all wanted to believe.
Me, you,
fucking everybody. Why?
Because we were all making
so much fucking money, man.
That's the truth.
That's been going on
for fucking centuries!