Post
Topic
Board Mining speculation
Re: Thinking of large sum of money into mining. Need opinions
by
QuintLeo
on 06/01/2017, 21:44:05 UTC

If the difficulty rises more than 7% a year, you will not make ROI on the bitcoin. It is better to buy and hold bitcoin.

That is correct but an increase in difficulty level also corresponds to an increase ( pump) in bitcoin prices

 Bitcoin difficulty does NOT drive Bitcoin price at all.
 There is a long-term mild correlation of price driving difficulty, but NO correlation the other way around.

 The REAL correlation long-term is "profitability limits difficulty rise".