Look, as difficult as it is for most of you to believe, there are lots of hobbyist level miners mining RVN who DONT CARE ABOUT PRICE. I should know, Im one of them. If you have been in the crypto space since before Etherium you understand that the network and the community is what gives any coin its value (just look at Dogecoin FFS). Mining BTC in the early days was stupid. Buying a butterfly labs ASIC was stupid (trust me, 9 month shipping delay was fast shipping). Buying a big bag of BTC on Mt. Gox, moving them to cold storage, and HODLING was smart... BUT, if everyone had done that and no one mined at a loss there would be no BTC value today.
When you cant figure out why anyone would lose money on mining RVN at home do yourself a favor:
1) go to Coin Market Cap
2) in the top left drop down select cryptocurrencies and select filter non-mineable
3) click on Volume (24h) and sort in descending order: RVN is a top 20 coin NOW
4) consider that in 3 more years its market cap will be 3 times higher by the simple fact that there will be 10 billion RVN in circulation
RVN is trading today at $0.013 USD. It has well over $1 Million per day in trade volume (which is way more than about 40 coins on the top 100 coin list). It could EASILY get to $0.10 in the next 3 years, but ONLY IF it has a strong network and community.
I want $0.10 to happen. It needs everyones help to get there, and every hash helps.
We mine because we are Ravencoin.
But William, this is exactly what I am saying: do you belong in certain way to kind of "central authority" inside RVN? You are recognizing that you mine on loss. I have detected this behaviour before on this coin. Could you tell us why? It doesnt make sense to mine on losses.