After doing some consulting in Bitcoin mining with several clients and monitoring the payouts and the declining profitability of their operations in the last 3 months I found this scientific paper that proves that Bitcoin mining isn't profitable, regardless the variables that affects it.
Please check this graph that speaks by it's self
The network difficulty is increasing exponentially and profits are decreasing inversely.
Thanks to Bitmain and their everlasting offer of new batches of mining hardware, that affects the payouts, it proves that it is a major scam.
Best case scenario, miners will only get their return in one year. :(
Please leave your opinion in your comments.
Congratulations @ivanoff! You received a personal award!
Click here to view your Board
Congratulations @ivanoff! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!