Post
Topic
Board Altcoin Discussion
Re: Do you think mining is still fair
by
Ailmand
on 06/12/2018, 18:04:07 UTC
In Q3 2018 market is still a blood bath. A lot of people that involved in crypto losing theirs hopes on a quick moon. ICO market is down. But difficulty of mining is growing up. We need more powerful processors, GPU and so on. Mining was created to give ordinary people get some free coins. Another hand big companies joint into monster to dig more digital gold. Simple person is out of this business. To support a node of ethereum you need more space every month and you get no reward. Do you think its fair enough or we need some new architecture to give mining a new life?

That's also one of the reasons why some people say that only rich people get rich in crypto currency. If you have a big capital, you can actually take advantage of everything. But, of course it depends on your strategy and your choice of investment. Even if you have a huge capital, if you have invested in a wrong way, you can also lose a lot of money.