minign is approaching another dead time it seems, i think we need a reset, there are too many miners
Shitty prices now...
We're still better then before the Zcash launch.
Eth+etc nethash was 8.5Th before zec launch, now it is 10Th. Xmr is +30Mh and zec another 50Mh. This has been possible only because of btc pump, if/when btc corrects to $600-$800 area we are looking at daily revenues below $1/day/card.
Interesting times.
I doubt BTC will dump that far. There is a lot of pressure pushing up on the bottom of it to keep it above $1k. I've talked about mining never influencing the economy, but BTC mining is the one exception. There is so much money invested in BTC mining that it actually pays for big mining operations (and their investors) to keep things profitable.
I do agree we might see sub $1 a day returns simply due to nethash becoming bloated. Ethereum definitely shook things up and there is a lot of AMD hash floating around hitting all the small coins event when it's not nearly as profitable as most miners have no idea how mining actually works. Hence why long term right now Zcash is generally more profitable then Decred, Lbry, and Pasc. Sometimes those will pop up a bit, but the difficulty shifts generally keep them below Zcash. There are too many miners with waaaay too much hash and not enough knowledge in what they're doing.
I am interested in BTC+PASC mining since supposedly PASC can't be improved at all (TM).
Sadly the last couple big coins to come hoping along haven't been very profitable for Nvidia. Equihash only was in the beginning then Claymore crushed that.