Ethereum : Does mining profitability go up when prices do?

Ethereum update: Does mining profitability go up when prices do?

So this seems like a dumb questions and that it definitely should be more profitable as prices rise. But it seems like as prices were falling more people stopped mining so profitability didn’t actually change that much. and switching that around if prices rise then more people will mine and in turn the difficulty will rise.

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About Ethereum

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

Author: snuggie_

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