Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Mining (Altcoins)
Re: Can You Make Money Mining Cryptocurrency At Home? Res. Elec. Rates Kill Profits!
by
Lookingfordarkskys
on 15/10/2018, 22:30:25 UTC
Quote from: VoskCoin on October 15, 2018, 01:46:53 PM
Quote from: Marvell2 on October 13, 2018, 08:01:31 AM
Quote from: adaseb on October 13, 2018, 01:08:00 AM
If you guys believe in BTC, then mine whatever alt you are mining and sell for BTC and hold that BTC for months...years

If you guys believe in ETH, then mine ETH, and cold storage it and hold it for months...years

If there are some promising alts/token that can change the world, then sell some of your mined BTC or ETH and buy those tokens and hold for months...years

There were many cycles like this in the past. The true believer kepts mining at a loss or break-even just to accululate some coins and in the end it always paid off.
yup , those guys that kept mining dash and ltc and even vertcoin back in 2013 laugh at these posts

I'm not here to hate on mining, just at my electric rate I would be better off simply buying most coins (currently) & I could sell my hardware for some change and dump that straight into any coins I want increasing my holdings w/ zero work after selling the gear

VoskCoin your vids are spot on. Always seems to be the most relevant at the time. Can you comment on your buying coins argument with knowing in most cases people are buying them from an exchange and thus may not be as much of an anonymous transaction? When I'm mining to a crypto address using free email for instance with SMOS am I not in a roundabout way collecting coins that can't "easily" be traced to me as a taxpayer? Nobody really directly has been given my ID as if when using an exchange. If I have to pay a little in electricity cost isn't there some value to that? I know the blockchain isn't private and the transactions themselves in most cases can be traced to one another but it just seems a pretty difficult task for someone to go out of their way to find my front door. Nothing's impossible but in all the discussion I read so far no one seems to see value here. Before someone says it I'm not in it for criminal intent and I know that when you trade into anything else, crypto, fiat even goods and services you owe some taxes. Most times when you do that you've exposed yourself anyway.