December 19, 2023
Early in the year of 2018, mining was profitable enough and the only issue for miners was to obtain the video cards because almost all of them were sold out or extremely overpriced. For example, in January the price of the RX580 card was about $600. Nevertheless, during that gold rush, people mined whatever they like and bought video cards of any type, because it was profitable. If you managed to get the video cards at a low cost, you could earn money, big time. When the profitability started to fall, mining began to transform into smarter mining. It means that it’s less difficult to obtain good equipment at a reasonable price but this means that now we have to be smart about how we mine.
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