RE: 💹 Buying Ether VS Ethereum Cloud Mining: What is more profitable for long term? 💲 (English/German)

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💹 Buying Ether VS Ethereum Cloud Mining: What is more profitable for long term? 💲 (English/German)

in cryptocurrency •  7 years ago 

I did a pretty in depth analysis of this. It does not make financial sense to mine at this point. Make sense to just put the money into the token.

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Why do you think so?

I you thinking the price is going to go up the hash rate will become higher making it more difficult to mine. Makes more sense to just buy coin

Ok I did another research too and the mining difficulty is really rising very much. https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart This could make buying coins more profitable.