Too Long; Didn't Read
While the blockchain world was preoccupied with other newsworthy stories, from the now-delayed Ethereum hardfork to exchange hacks, Monero miners have nervously been watching a very unusual phenomenon unfold in front of them. Monero, once a very profitable privacy coin to mine, have suffered like all PoW coins during the longest Bitcoin bear market to date. But those that are watching the network are scratching their heads as profitability is decreasing while hashrate is increasing.