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RE: This renewable energy made Iceland a cryptocurrency miners' paradise

in #blog6 years ago (edited)

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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