Post
Topic
Board Mining (Altcoins)
Re: I'm mining at a loss
by
adi1972
on 11/09/2018, 03:47:54 UTC
~

I think that OP is desperately hoping for a change in the future's price. No matter how think about it his reasoning really is wrong but I still somehow likes how he would love to support the chain by mining.
 

Mining at a loss can be a great option if you have the ability to pay your electricity bills without cashing out.  A lot of people mined bitcoin when it was unprofitable and they came out millionaires.  Plus right now is a great time to pick up miners extremely cheap.

You can't just depend on your luck. You are both wasting time and money doing something that can't guarantee you a profit. "bitcoin moon price" always provide false hope to users.

I like more people to stop mining so that miners who are mining at a loss now have lower mining difficulty.