I looked at mining BTC when it was $7/coin, and I couldn't make it work economically. Now that it's $3/coin, I certainly couldn't. And the fact that it hit $17/coin makes it even worse.
You see, the more miners there are, the harder it is to mine each BTC. So in order for it to be worth my electricity and hardware, a LOT of people would have to stop mining. I don't see how it could possibly make sense for me to start mining while so many people are quitting, either.
You see, the more miners there are, the harder it is to mine each BTC. So in order for it to be worth my electricity and hardware, a LOT of people would have to stop mining. I don't see how it could possibly make sense for me to start mining while so many people are quitting, either.