Quote from: matt4054 on July 14, 2014, 07:26:07 PM

Quote from: cafminer1 on July 13, 2014, 04:22:38 PM

If mining is not profitable, why difficult does not go down?!?
CEXIO is sucking the last drop of its customers, thats the truth.

Change it, CEXIO! Evolve! Be serious.

Because, I am sad to say, mining is a losing game right now IMHO.

And CEX.IO GHS/BTC is only catching up with the cold reality.

I like CEX IO and maybe that is the reality... Temporarily, I hope!

But if mining is not profitable we must face 2 things
- total hash rate decay... what is not happening right now but when it happens, difficulty goes down too;
- if not, death of bitcoin will overcome, case just validating transactions doesnt pay enough to miners.