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RE: [Mining] 360% more profitable than mining Ethereum

in #crypto6 years ago

When it comes to mining of any cryptocurrency, it is important to look into the cost of the cryptocurrency.

It's the reason why cryptocurrency is doomed! I mean, the entire concept of mining is just plain stupid. When the price goes very low, who else will be interested in mining? Even Kim Jong-un is now planting rice instead of mining shit coin.

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But when the p(rice) gets lower, fewer people mine and then the mining difficulty decreases. It's a self regulating system which will always be barely profitable given that people don't mine when it's not profitable.