Post
Topic
Board Mining (Altcoins)
Re: I Turned My Rigs Off...
by
mak013
on 07/05/2019, 10:57:08 UTC
Now mining on graphics cards to me does not bring virtually anything.I'm talking about home mining which consists of several graphics cards.Competition from ASIC-devices is growing stronger,so I will just keep an eye on the situation on the market and if it starts to improve-I think mining will again begin to generate income.
It`s the same as to say working at home does not give me profit. Competition with the plants is growing stronger. Etc.
Mining is a work! If you want to get money for doing nothing - panhandle is your choice.

Mining isn't really considered getting money for doing nothing. You need to invest in the hardware and maintain it, doing nothing would not involve any investment what-so-ever time and money wise.

The issue with mining is however that with the crypto boom in 2017, many people discovered mining and the competition became fierce. Many gamers actually started to mine since they already owned the rigs.

So like with most businesses that are too profitable, competition hits them fast and the profits start to dwindle, its like this in most industries. My advice is to just sit and wait and ProgPOW might be launched and we might hit new ATH with a few alt coins and the days of $1/day/gpu might be back again.
I partially agree with you. We invest money. But when you invest - you are working to understand what are you doing and why. The same way must be here. You have money, you make your research, you buy equipment.
But your work doesnt stops at this moment. You are studying all over the time. And i dont see such threads from such men. But men that think like "i spent my money. ok, the job is done, now i`m siting and getting profit" - they create thread by thread like this "way of loser".