RE: BTC: The Unsustainable Beast
Very good analysis and those questions that you asked us all in your post. It's clear that the general euphoria of earnings is crypto-currency, many are willing to tackle this matter, but the increase in the complexity of production, the rise in price of electricity and the greater volatility of Bitcoin complicate this task. It is possible that in the future, mining will cease to be accessible to an ordinary citizen. Already, this process involved large players who invested millions of dollars in the development of giant farms. From here, in my opinion, I would have thought seriously enough about the profitability of mining and directed funds and forces into alternative currencies and the STEEM in this respect is an excellent alternative! Thank you @cryptographic and ReSteem
You're 100% correct. The sector is much more complicated than many realize, and when you see multi-million dollar investments into mining happening, it can lead people to think that it's only up from here. Thing is, most of the big private mining operations have been in existence for years, and they've already banked big profits. More recent players like NiceHash make their money from their customers and can't really be counted as big farms in the true sense of the word. And the latecomers, like McAfee, may be in for a rude awakening.