I've been sleeping on a false hope for a very long time, I was a fan of new cryptonote coins and I've spend years gathering them, thinking I will be rich one way or the other, I mined coins like
1. Mask Coin
2. Goro Coin
3. Snowflake
4. Recoal
5. Tokl
6. Festival Coin
7. Btor
All these coins are now abandoned and dead, no update since 2018, I'm sharing this today to warn those who still believes in petty coins like these, stop wasting electricity and mine better coins like Monero, Haven Protocol and other popular cryptonight coins or regret later on
I think mining new coins can bring big profits if you jump in on quality new coins, many make fortune mining new coins like
Dero
Karbowanec
Iridium
Graft
Sumokoin
The problem is you failed to choose the right projects, it's not too late, if you still have your rigs just mine coins that has future and good team, the only way to know is by doing good research
You're right! The very first step you should do is doing research about the token that you're about mining. In my opinion, involving in shit coins doesn't necessarily mean that you are wasting electricity. Let's think about it as a lesson that you learn the hard way! It helps you built the experience and the awareness that you gonna need in this market!