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I didn't specify a direction, so I'm not sure how I can be describing the wrong one? My point is that the price of ethereum doesn't have to move at all and yet
by joosters 6y ago
I didn't specify a direction, so I'm not sure how I can be describing the wrong one? My point is that the price of ethereum doesn't have to move at all and yet his mining rig will become unprofitable after a time. The hash rate will increase and/or more efficient miners will come online, leaving his equipment needing to mine faster or use less electricity in order to generate the same returns.
- 3np 6y agoI misinterpreted your comment then, apologies! But, it's not a given that we'll have a significant enough increase of miners for that to be the case and time will tell (unless you happen to have knowledge I don't!)