no.
the point is, the gap between difficulty and hashrate should be even bigger right now.
but the price increase caused a huge growth in mining.
the miners can't counteract the difficulty bomb !
they can lower the estimated rate, but an increase of hashrate in a way which would invalidate the bomb would be fairly irrational and is definitely impossible !
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I realize that, but I think you misunderstand me. Obviously there will be a point where it's impossible to keep up. I just don't think we are there yet and us miners would still be keeping up with it if there were any gpus available. It's been over a month since you could buy any real quantity of gpus so that means the hashrate has been stagnate compared to what it would be right now if there were plenty of gpus on the market. Hell just the people I know would have at least 200 more gpus online if it was possible to get them so that's another 5-6 GH/s and that's just from like 8 people.
this to be true, is only on the basis of the rising eth price.
so maybe it gets smarter to invest in eth instead of mining equipment and electricity.
miners should collect eth to stake in the future.
the cryptospace is starting to FOMO, which is no sign for clarity and rationality.
I for one am definitely holding my eth to stake. I realize mining eth won't last forever, but this equipment can be used for many other coins as well. There are plenty of profitable coins out there to mine with these gpus and that should hold true for a good while still so I have no plans to slow down anytime soon. Plus I find it to be a very fun hobby. This isn't all about profit and margins to me.
alright. i get it...
do it !
we need miners !