Quote from: RealMalatesta on February 07, 2020, 05:06:12 PM

Yes, there really is huge competition in terms of mining projects and most of the people including investors have lost faith from mining projects like cloud mining, genesis mining, etc because there were a number of such scam projects into the markets which initially gave some profits but at the last eat all of the profits and ran away without leaving any footprints.

That is why most of the investors have stopped showing interest towards mining project but yet a genuine mining project with some profitable strategy might again attract those investors and might even hit the markets if it really gets that potential. But, a huge development would be needed behind such project.

I remember that back in the day when icos were really popular there were many icos related to mining and as far as I can remember none of those coins were successful and it is not difficult to understand why, once the developers of those coins sold them there was nothing to do except to wait and hope the mining operation was profitable.

But as we know the price of bitcoin from time to time goes below the mining costs and only the biggest miners can endure to keep mining for a loss for a long period of time, so when the bear market of 2018 appeared that wiped out most of those coins during the next months.