I am not so experienced, but as far i know BTC mining is almost dead. So think about BTC trading instead of mining.
It seems absurd to claim that mining is dead when the network hash rate is around 240 PH/s.
Of course mining isn't dead. It's indeed absurd that people claim this. For the network itself it doesn't matter at all what the hash rate is. When people say that mining is dead, most intend to say that mining for profit is futile for the regular person doing it in his basement. Which is mostly true. The margins are getting smaller and smaller and only the very big operations survive.
Still, if this makes a lot of mining unprofitable and the hash rate indeed goes down, it effectively becomes profitable gain. It's self-regulating - beautiful!
