Post
Topic
Board Pools (Altcoins)
Re: [ANN][POOL] Profit switching pool - wafflepool.com
by
igroock
on 16/03/2014, 18:31:33 UTC
I truly wish everyone luck with mining. Rates on coins and profitability are coming down like world trade. The investment into hardware is no longer justified based on the returns, especially with summer around the corner which requires MUCH more electricity for cooling. Seems those who pay the least for their electric will benefit. Especially when you consider the influx of miners that are taking advantage of lower prices on hardware (recently they have been discounted), the more people mine the quicker coins go down the tubes. I now realize that I could have made WAY more in arbitrage vs. putting money into mining directly.
Sorry to discourage anyone. Good luck.