What is mining profitability based on?

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arkansasguy
Posts: 11
Joined: Fri Oct 01, 2021 9:42 am

What is mining profitability based on?

Post by arkansasguy » Sun Jan 09, 2022 8:18 pm

I use Scrypt miners, and I notice the mining profitability fluctuates quite a bit. What is the price based on? For example we are at .008 now, what makes this value go up and down? The price of BTC? And how does it correlate to it? I'm guessing more factors go into play, such as network difficulty and such?

I'd just like to see my scrypt miners make more of course, and just curious what must happen for the profitability to increase?

Thanks!
Sumoblei
Posts: 58
Joined: Sat May 29, 2021 8:34 am

Re: What is mining profitability based on?

Post by Sumoblei » Wed Jan 19, 2022 9:26 pm

Man that is one loaded question lol What little I think I understand is a multitude of factors... hashrate, price, volume, luck, on the network and your local pool, and I'd even go as far as latency, slippage and gas ..... AI has its work cut out for itI'm sure :)
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