Post
Topic
Board Mining speculation
Re: Mining: too good to be true
by
glendall
on 08/12/2013, 23:35:50 UTC
The difficulty seems to be rising so damn quickly, I don't think profiting will be possible. People will be luck to break even I'd say! Man I thought I was going to be making 3k a month, but no, only $400...

Hehe you must be new to this... Welcome to the world of mining.

Mining is mostly all about making as many coins as you can at break-even or a loss, and then selling them when the price is high in the future for a profit.

You can't make much money selling coins as soon as you mine them. Whether this was when coins were 2$, $200, or $2000 bucks.