What I reacted negatively about is the increasing difficulties, that they oppose, this makes it harder for the "little guy"...
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What I reacted negatively about is the increasing difficulties, that they oppose, this makes it harder for the "little guy"...
Yeah look you know you also invest in a platform if they deside to stop you get a davor or bitconnect experience. Thats why i have also a mining rig. The difficulty gets higher yes but. I let you see that you get more out of the hashflare contract.
But be warned i ask the following question what.... happens.. when the bitcoin get so low that the costs are higher then the profit? Thats why i devide my budged from now on.🙈
Yeah, I remember a friend and I where discussing bitcoin (when it was cappucino-low or lower in 2016, he is quite a brainiac) but that time we came to the conclusion that it was not worth the headache, power-bill, etc to mine bitcoin, (man now I really wished I would not have come to that conclusion)... Anyway if the price falls dramatically and goes down to that level I think everyone will stop mining bitcoin? What do you think?
I think it depends on the market. I also think that projects like steemit will save the bitcoin. I will keep mining crypto because i will also invest in solarpower that compensates the powerconsumption. If the bitcoinprice drops i can run my rigs without a loss. I think when you have contracts like hashflare they will stop the contract after burning your income.