Why even bother to mine with a few minres and earn a couple of dollars a day. Mining is only worth it if you can build a big farm with a lot of capital. Most of you guys are better off working a regular job and just buying crypto.
False..!
I used to mine some LTC back in 2013..with 3 Radeon 280x .. mined 2 LTC/day for a few months.. So i was getting 4-5$ per day..
Look how much this worth right now...
Ya but the point is you could of spent the time you used on mining to work other jobs or make more cash and buy way more than 2 litecoins a day back then. So it kind of makes mining pointless for small timers.
As others have said, small time mining is a subjective term, but anyone who has a mining rig that is earning a couple of dollars a day has 1 or 2 cards. Most certainly they are already working, independently wealthy, a student, homeless, or any other status. Yes the argument can be made that the time spent setting up your mining rig could be spent working somewhere else. Guess what though, after the time spent working equals the time the time spent building your rig, you need to either keep working to earn more, hope whatever you invested in rises, or SPEND MORE TIME reasearching the market so that you can trade your investment. Lets not forget the time you would have to spend looking for this job, and the freedom you would lose having to work a set schedule. With mining you dictate how much time you spend and when you spent it.
Also do not forget that almost all miners who have large operations more than likely started out small. Most things in life do not get large immediately.