Post
Topic
Board Mining (Altcoins)
Re: Mining MONERO is a worthless endeavor nowadays...and it will only get worse...
by
blucg
on 07/09/2017, 08:56:24 UTC
Not too much forward thinking in this thread.  You aren't mining for the price of Monero now, you are mining for the price of Monero later.  Mine, Hold, repeat.  Long-term hold.

That is fishbowl thinking  Wink  ....there's a ton of coins out there that are will rise just as much, if not more than Monero, and their difficulty level is but a fraction....   Anyone sticking with Monero versus an up and coming coin is only doing a great service to the Monero community by sacrificing their GPUs  Grin for the crumbs that fall off the table.....when you could be eating steak with a newer coin  Wink

So what would be such a coin? I think it's not a valid argument to say even if you're losing money now because of electricity and low price of the coin because it's going 10x.
If you want to use that strategy you could just buy the coin instead of mining it, right?