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RE: Thinking of cloud mining with Genesis? Get your head out of the clouds and READ THIS FIRST!

in #cryptocurrency • 7 years ago

The problem with Ethereum is that the price was going down while the difficulty was going up.
Usually with Bitcoins and some other altcoins, the difficulty graph is similar to the price graph so... IMO mine Bitcoins is going to be most of the time profitable, even if the difficulty grows a lot.
I will share some analysis regarding this.
Meanwhile, take a look at this post: Cloud Mining ROI - What if Difficulty DOUBLEs https://steemit.com/cryptocurrency/@bitatlas/cloud-mining-roi-what-if-difficulty-doubles

7 years ago in #cryptocurrency by
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     7 years ago 

    I went ahead and read your post..great information there

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     7 years ago 

    Glad you enjoyed. I'm going to write soon one similar but projecting the growth of the Bitcoin.

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