Do people just jump in on mining these new altcoins in the hopes that they'll actually succeed? I'm relatively new and trying to understand it more. I suppose the costs early on are extremely low.
It's more about how bitcoin is extremely difficult to mine AND very expensive to buy.
In other words noob, you want to mine bitcoins? You need to spend thousands on equipment.
You want to buy bitcoins? Each one is 90 dollars...
Bytecoin solves both of these problems.
Stay tuned for more info.
Maria 2.0