You are viewing a single comment's thread from:

RE: A detail investigation into cloud mining business: And Please THINK TWICE before taking any cloud mining contract

in #ethereum8 years ago

That's so true. Recently many beginners asked how to buy mining contracts but I think it is not profitable. The difficulty will only keep increasing, even when the price increases, many more people will then rush into mining that coin, making the difficulty increases exponentially. So it is actually betting on the price will only increase with time with zero flexibity.