Mining is not profitable in these days, if price of BTC reaches 1000 USD I think it becomes profitable again, but thats a big IF.
Nowadays, so many people says this. But, if that's true, how come so many miners are mining now and difficulty is still going up?
It's because they have no idea what they're talking about; just spitting out what they've heard from other people that seem knowledgeable. You're absolutely right, bitcoin mining is probably always going to be balanced so that it's on the line between being profitable and not. Even if the price goes up to $1K, more miners will come in and it'll get harder to mine blocks; you'll have to mine longer to get a block, making it balanced out again.
I'm pretty sure that cloud mining is synonymous with ponzi scam nowadays. I don't suppose asking you to stay away from them would do anything?True! people should wake up from dreaming and stop talk through one's hat! nowadays it is pretty clear cloud mining = ponzi , people should learn from the past experience cloud mining services such as zencloud , pb mining , hashprofit etc all turn scam in the end .
after scammed , they all realize it was goddammit ponzi. i will not suggest to invest in cloud mining , i will ask everyone to stay away .