im so afraid to invest in mining rig coz the price keep drop eth drop 100$ in the last 24 houres
The price is stable now. But it is still not very profitable.
That is a curious response considering the price is another $300 lower than when he originally posted that. Plus, it looks like the price is going down further, @ $485 as I type this so I do not think it is that stable either.
Yes, profitability in mining is currently down and will probably head even lower in the short term. If you already have gear you are still making a little money, but forget about investing in new equipment as the payback period is now going to be measured in years, and not weeks or months anymore.