Well, that was a possible downfall to mining Etherium a few weeks ago. However, if you look at the recent rate of increase..the price is going up as fast as the difficulty. If this trend continues it would keep its profitability.
The question now would be if we think this upward trend in pricing will continue. With so many strong coins coming up under ETH, this will continue to pump up the value. So in my opinion, ETH will continue to rise over time. Usual corrections here and there will happen of course. But the corrections within the ETH price are so insignificant lately compared to the increases, I think everything will be fine.
This is my opinion.
Thank you for sharing this!
Genesis-Mining goes on to state that if ethereum mining is no longer profitable, they will transfer your contract to a different crypto currency. Win Win!
That's correct. Also, since STEEM is one of the options to have your mined ETH directly converted into, maybe STEEM will be an option to mine directly if ETH itself is no longer viable. Makes sense to me...but who knows? Either way, I feel safe investing in Genesis-Mining.