Post
Topic
Board Announcements (Altcoins)
Re: DERO: A secure, private blockchain with Smart Contracts.
by
roberval123
on 18/01/2018, 02:28:56 UTC
At this price level of 0.000025 mining is not so profitable  Undecided
Waiting for price recover...

With young but promising projects like this, you're mining for what they will be worth rather than what they're worth now. The price is currently (arguably) depressed anyway as deposits had been all but impossible until recently. Now you're seeing a lot of pent up dumping from the terminally shortsighted .

Mining XMR wasn't terribly profitable a couple of years ago when it was $0.50 or so. How many mine and dump operations wish they still had now what they dumped back then I wonder?



+1

Mining to chase profits is what nicehash does. I love mining the ones no one knows about but have potential. When I started SUMO it was 0.30c, it shot up to $10 for a short while. Mining 3-4 SUMO a day at 0.30c was not the most profitable at the time...don't chase the money, chase the project. It pays off in the long term.