I regressed difficulty against hashrate to develop this prediction model. My only assumption is that hashrate will continue to increase by 3% on average every few days as it has done in the past. Values before mid-July are actual numbers. The smooth line after mid-July is my projection.
The difficulty level will break a million by Thanksgiving. Mining with GPUs certainly won't be profitable anymore. At that difficulty, even an Antminer L3+ with its 504 Mh/s ASICs will only be making 7 to 8 LTCs per month by that time. It will probably take half a year to pay it off. Instead of taking on that risk, isn't it better to just hodl litecoins instead?
That is the problem several of us miners have been facing lately, Difficulty to mine just keeps getting higher and higher; while the value of the coin isn't
In some years or even months, mining won't be possible for the little guy, only people with over 200+ rigs/towers
Good post btw, and let's hope for the best
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