Rise and rise of Ethereum mining difficulty. Should I invest?

In the past few days I got a number of requests asking me if investing in Ethereum mining is a good investment right now. In this article I would like to answer this question. If we see Ethereum mining it’s becoming more and more difficult day by day. Since 30.May.2017 Ethereum hash rate is increased by 30%. The way Ethereum mining difficulty is increasing its quite abnormal and if it continued in same fashion then soon we will see it will become profit less to mine Ethereum. But on the other hand if we see price of Ethereum it’s rising as well. If difficulty of mining a cryptocurrency is rising and so does the price of a cryptocurrency then mining such a cryptocurrency is profitable. A cryptocurrency mining with rising difficulty is profitable as long as the price of cryptocurrency is rising. If price is not rising along with difficulty then mining such a cryptocurrency will end up as a loss.

In case of Ethereum mining is becoming more and more difficult because more peoples are interested in mining Ethereum. In next four to six months we will see that price of Ethereum will fail to keep up with its mining difficulty. This means a sudden drop in profitability in mining Ethereum. Mining Ethereum for now is profitable for experienced miners but if you are a beginner and planning to launch mining of Ethereum after investing in expensive hardware then I will not suggest you to do this. However, you can invest in mining of Ethereum offered by companies who will do mining for you.

I hope this answers the question should I invest in Ehtereum mining. If you have any questions regarding Ethereum mining then comment below and I will answer your questions.

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