My mining experience shows that mining era is slowly dying. Since ETH mining ended, all the equipment dropped in price and now it's just rotting. However, you can become a validator and try to earn there
And you are not long in mining. Such bear market is normal, sure this time it was a bit harder for miner than the previous cycle, but in the end not much.
If i compare 2019 with 2023 it is nearly the same. In 2019 the profitability dropped also very hard, not like the ETH merge.
And a validator for ETH? For 3 - 4% yearly return? no thanks
But if these are very old video cards, such as RX 480, then mining on them is unprofitable.
Yeah true. If you have newer cards your revenue is the same like 2019 with RX4x0/5x0. At this time the reward per card was around $0,20 before power.
but at the moment you can mine Dynex with the good old RX4x0/5x0 cards, give an return of up to $0,30 the last days, but decrease at the moment.
Sometimes it pops something up and i turn on the last 2 RX Rigs