Good post...
Mining is not profitable in general due to high cost of electricity...More and more mining companies are shifting to cold zone countries , or where cost of electricity is low.
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Good post...
Mining is not profitable in general due to high cost of electricity...More and more mining companies are shifting to cold zone countries , or where cost of electricity is low.
hi @amar-patel thank you very much for your comment. You are right. Mining is not profitable at the moment because of maintenance fee and depreciating bitcoin price. Actually whole cloud mining business rides on bitcoin's price fluctuations. if price is low, then you will not mine enough satoshis and if price is high then there is still no gurantee that you will make profit as mining difficulty will also increase in double digits. Better to avoid investing in these websites
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