Quote:
Originally Posted by mineistaken
But you also mine a lot of stuff so coin price affects your bottom line.
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Only if you have a shitty understanding of mining. As prices fall, competition decreases, which lowers the overall difficulty. I mine more coins during these periods, more reliably, which turns into the same or more money. Alternatively, you mine more coins with less competition, then sell them later, which is a very large multiple (this is often what I do with mining proceeds during downturns).
For me personally, since some of my equipment is on contract, I make money no matter what the price.
And that is why I chuckle at the "so far off base, they're not even in the same ballpark" attempts to troll. I only even bother to respond to them so other less-informed people don't take the words of fools as gospel.