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RE: [Mining] 360% more profitable than mining Ethereum
But when the p(rice) gets lower, fewer people mine and then the mining difficulty decreases. It's a self regulating system which will always be barely profitable given that people don't mine when it's not profitable.
Your argument kind of reminds to that philosophical paradox, albeit in reverse fashion. If I wasn't mistaken, it was Bertrand Russell who popularized this one.
Haha, yes, exactly:D