unless you know what you are doing
i started mining last july
my rigs have been paid off by the value of my altfolio
currently, it costs me about $12 per day to mine about $30 worth of ethereum per day
in the current market conditions, thats pretty damn good
so for the noobies
MiNinG iS DeAd, unless you know what you are doing
Sometime the profitability of mining is not as well as mining calculator assumption. So we need to put an effort into choosing the right coin to get more profits. But it doesn't mean when we hashing the big coin like Eth or Xmr, it can't be worth anymore. Because mining is not only hashrate, difficulty and power consumption at all.
When we talk about profitability, the decision that we make like how long to hodl the coin and the price target to selling those coin, it will influence the profit that we can reach.
Just like our friend did below. It's a good working, how mining should be run.
Men, i start mining RAVENCOIN in september, since raven cost 250 sat (0.01 cents).
now i'm sitting over 20000 ravens and raven cost 650 sat, and can go more up.
minigns its not death