Post
Topic
Board Altcoin Discussion
Re: invest still profit?
by
kryptqnick
on 24/08/2017, 09:22:44 UTC
hey guys i just wanna know still worth invest in equipment for mine altcoins?

It is not very profitable to invest in mining equipment for altcoins. In most cases, you can buy the alts off the market with less money than the cost of electricity for running the miner. This is not even considering the capital cost for mining equipment.
Exactly. Nowadays it is profitable to trade coins on the market and perhaps long-term investments are still good. Mining.. Well, I guess it is profitable as people don't stop doing that but you have to spend too much time and money on that at first. Trading is cheaper, safer and faster. I mean, mining at least requires about 4 months for you to return the money you spent on equipment. At that time they may already break.