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RE: Analysis: Is Bitcoin mining really that profitable (if you buy now)?

in #bitcoin7 years ago

I'd heard about Sia coin, though I haven't looked into it yet. Didn't realize it was currently being pc-mined. That seems like the way to go for mining now: find new alts to mine at a reasonable profit then sell (or hold if you believe in it). I think it makes the mining infrastructure slightly less robust since once it become unprofitable people will just move on, but I also feel like many alts will have trouble surviving longer term anyway.