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RE: Fidelity Has Its Own Bitcoin And Ethereum Mining Operation

in #bitcoin7 years ago

I think nowadays altcoin mining become faded. Since mining is not a good solution for scaling up the altcoin. The altcoin is going to change from POW to POs. And there are more and more ICO with fixed amount of tokens. So the future of mining is not so optimistic...

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This is true. It does show that they were interested enough to invest though. Also, there will always be some incentive to mine whether it is just processing transactions or executing smart contracts. But yes, generally in the long term it will be interesting to see if mining is still profitable.