It was "patched" Ive been there and the spawn timer is random from 6-30 seconds there is no 40 second timer like they said they did. Others on the forums have said the same as well. So either way the cave is still a valid place to farm :)
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If anything a 10 second spawn would have been perfect because its not too long and not too short
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There are still other places to farm if the cave is too long now. The Cave 2.0 isnt too bad. less mobs spawn but only because the thralls at the cave werent intended to spawn there and only spawned as a glitch.
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Yea its alright