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RE: Cloud Mining - Profitability Analysis

in #genesis7 years ago (edited)

Mining is a "race to zero". As long as it's profitable, mining will increase until it's no longer profitable. At that point, only people who believe the price will rise, will continue to mine. If mining at a loss, it is better to invest directly by buying some. Ok, mining is fun, and if you already have the equipment, then you've already made the choice...

Nice charts, by the way!

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Yep, it will certainly be that way, and I suspect quite soon! With the mass sell-outs of RX 480's and the huge increase in market capital across the whole crypto space, difficulties are likely to keep rising exponentially. I think Dash is probably the only safe bet, and thats only if you get in right NOW.

I might put together an excel sheet people can play with :)