Post
Topic
Board Mining speculation
Re: Before i start mining
by
Finksy
on 23/11/2015, 05:25:40 UTC
Both of you guys I have advice for:

DO NOT GET INTO MINING.

It's a waste of god damn money and electricity at this point. Do not be fooled by the guise of money printers.
Mining sucks. I used to mine before the ASIC came into play as well as afterwards with the S1 miners.

Needless to say you will likely never break even unless you either have free electricity or you manage to mine with them for a bit and sell them to some sucker here on the forums for some ridiculious overprice..

I know mining seems like a good idea on paper.. Its not. Its's shitty, hot, loud and basically fruitless. These I learned first hand.

Yes, mining is a waste of money.  Online gambling is where the real profits are, looking at your recent trust, right?

And a few things:

1) Those in northern climates don't mind the heat, especially this time of year

2) Selling miners is advisable to maximize profit at some point of owning hardware.  Suckers were not invented over night nor will they disappear, everyone makes decisions for themselves given their own circumstances (maybe these "suckers" have free electricity themselves, justifying high re-sale value?)

3) Mining may not be for everyone, but to assume it's for nobody is a little dramatic.