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**Coins mentioned in post:**

Coin | | Price (USD) | 📈 24h | 📈 7d
- | - | - | - | -
**BTC** | Bitcoin | 7677.020$ | _0.62%_ | _1.5%_
**ETH** | Ethereum | 606.384$ | _-0.37%_ | _5.07%_
**EVN** | Envion | 0.173$ | _44.09%_ | _41.85%_
**LTC** | Litecoin | 121.024$ | _-0.23%_ | _1.17%_
**RKT** | Rock | 0.123$ | _2.54%_ | _-8.9%_

Seems to me like hybrid POW/POS blockchains are going to be the future.  Similar to what Ethereum's Casper Hybrid FFG will be like.  This adds a second layer to security and makes blocks final preventing a 51% attack.

> It seems to be more centralized then ever.

That or it's just way to clogged up by various large companies with lower power costs and people new to Bitcoin who are losing money while mining.

The bright side to this is that mining difficulty increasing helps maintain the network secure and makes potential attackers think twice before investing in an attack.

Interesting posts, indeed mining is not profitable currently I have used Hashflare for quite some months thankfully I was able to reap the benefits. I will be interesting to see where bitcoin is heading, hopefully up

It's been a nice run and maybe we have a big jump and mining can hang on for a couple more months/years - but I can't imagine the average person mining too much longer...

But there are still other coins to mine...

Fantastic post friend

Unprofitable miners will leave the market, leaving only the most profitable ones

A good crash could calm down some miners.

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Mining isn't dead. The difficulty level drops as less efficient miners leave the market. The supply curve doesn't shift with bitcoin. Supply will be the same no matter if it's one miner or a trillion. What will make mining tougher is the regulations restricting power usage. Companies who are already mining will maintain profitability under grandfathered licenses while new companies will not be allowed in. I talk a bit more about it here: https://steemit.com/cryptocurrency/@stoadvisors/incredible-returns-with-mining-tokens-my-fundamental-analysis-of-wtt

Bitcoin mining became centralized because of the tech improvements of like 1000% every few months.  This also gave China the advantage because they are a big silicon producer.

Bitcoin mining tech has now run into Moore's Law, which means an increase of only about 2X every 18 months.  This will decentralize BTC mining, but it will take a few years.

Also, BTC will certainly go up a lot in the future.

I'm not worried about mining centralization or the price of bitcoin.

Resteemed!  People need to understand this.  Cloud mining is particularly unprofitable as well.