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.