Why even bother mining for a few pennies- dollars per day. All the time you spent doing research, setting up your gear etc, you could just make a lot more money working a regular job. It makes zero financial sense.
While I agree mining is not as profitable as it used to be, doing research and setting up your gear doesn't take so much time (if you know what your are going). You can easily be working a regular job in parallel to mining. Mining is a set and forget operation. Once set properly, you can forget about it and do other things. As long as you have a profitable margin, that is.
I quit my job to mine instead of buying or mining a bit on the side and just holding and I regret it to this day,
Im going back to work in the next few months and have stopped buying gear for months now.
after the monero exposure its clear to me that the big guys control all the hashrate and they are the reason for our decreasing profablity. If at least coin devs cared and forked them off i would have some interest but its clear the devs in general are in bed with these guys. Buying crypto as an investment is the way to go in this environment
just like you said we have to sell so much crypto to pay for mining costs which defeats the purpose. Hodling is how real money is made.
op is harsh but spot on