Post
Topic
Board Mining (Altcoins)
Re: What happen to mining profitability?
by
Haryford
on 08/09/2017, 17:08:44 UTC
So again, if your belief is that the coin(s) you are interested in mining are going to continue to go up in value, after all that is why you are willing to invest $1,000's of dollars in hardware that might in maybe 1 year break even, why not instead invest $1,000's directly into the coin(s) and in 1 year be in profit, not just at break even?

GPU mining is the lowest risk entry point because you always have a price on physical equipment. This is especially important to newcomes due to unease / fear of a new (to them) technology - you can't have your cards stolen / deleted / lost etc.


Yes, exactly. Now this is the post that should be sticky.
Keywords are: lowest risk

If the ETH price drops 60% from here, mining will not be profitable for most people. That is risky.