Bunch of media coverage was sighted in on crypto a few months back, everybody and their dog wanted a piece of it so a bunch of people started buying up crypto and mining rigs which made the value shoot up for a while.
Now that the hype has died out, and people aren't making as much as they thought they would- they are selling their mining rigs.
Because of the massive drop in people interested, the market is down. I highly doubt it's going to stay down though, just give it time to recover.
Remember, for every up there is a down. It's only a matter of time.
I was wondering the same but if the mining rigs are cheaper now how come i can't find any for a reasonable price if anybody can help me find any i would appreciate it
I've never believed in success with mining and I do not believe in it right now. It requires too much resources and money in an unstable crypto market. Maybe 5-6 years ago mining for bitcoin made sense.
I recently tried mining with my 1080ti and earnings don't cover the electric, its not like it used to be, I think too many people have made the difficulty go up.
YaBoyBlu Wrote: Bunch of media coverage was sighted in on crypto a few months back, everybody and their dog wanted a piece of it so a bunch of people started buying up crypto and mining rigs which made the value shoot up for a while.
Now that the hype has died out, and people aren't making as much as they thought they would- they are selling their mining rigs.
Because of the massive drop in people interested, the market is down. I highly doubt it's going to stay down though, just give it time to recover.
Remember, for every up there is a down. It's only a matter of time.
Totally agree, everything is going to go up again. While all the money has left the market the whales and market movers are buying more of it.
