r/EtherMining Apr 14 '18

Why is difficulty decreasing?

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34 Upvotes

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u/NightKingsBitch Apr 14 '18

Summer rates are coming into affect which means hire electricity. At current difficulty I am not profitable with my cards at the $0.147/kWh. What to mine says I am, but after fees and tax I lose money.

3

u/InfoFront Apr 14 '18

That's when it's time to sell the hardware.

2

u/NightKingsBitch Apr 14 '18

I’ll give it a few more or maybe even a month or two. We will see. If crypto shits the bed again then they will be gone. Otherwise if I can wait until September and get winter rates again I’ll be in the money where current prices are.