Monero Miners Poised to Ramp Up Once XMR Hits Profitability

I think there are plenty of miners currently on the sidelines; they’ll only ramp up when Monero’s price climbs back to levels that restore their profit margins.

I expect mining activity and the network hash rate to respond to sustained price improvements rather than short spikes.

I’m watching XMR price and miner profitability metrics as the trigger for increased supply from miners.