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RE: A hardware miners thoughts on cloud mining

in #mining7 years ago

Just a quick note on this, there's quite a few people who consider the difficulty when signing up to Genesis, and much like anything crypto related it comes with some form of risk. The Idea is for the price of bitcoin to rise in parallel with the difficulty, people are suggesting bitcoin will hit $35000 in the near future, if you are still earning the same amount of bitcoin from daily mining, you obviously profit more with the price increase.

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Thanks for the input! i saw an article that bitcoin uses .06% of global electricity right now, if they keep building these huge mines and there are less and less coins coming into circulation (plus the halving in 2020) how could btc not hit huge highs (like $35,000) heres to hoping :D