Quote from: LUCKMCFLY on Today at 12:49:10 AM

Quote from: randegibran on January 24, 2022, 06:21:45 AM

we have very often seen the reality that is happening at this time where a lot of miners have lost everything because they are in the crypto world even though the last few years bitcoin investment is very promising where a lot of people become millionaires because they invest in bitcoin in the long term so that it is different from today, we have absolutely no idea why it could cause them to lose everything, is the crypto world less promising, we hope that this is only temporary and the digital currency will soar again as it has in the last few years

Well, it is that many who dedicated themselves to mining and gave up, it is obvious that they lost everything, I don't know if you remember an article by cointelegraph that indicated that the AntMiner9 mining machines were going to be obsolete, that they were thinking of throwing them away because they already it was not profitable for the miners, about 15 days later the price of BTC rose and those mining machines were reborn like the phoenix, so mining for me will never be something unprofitable, the price can go down, and even some machines always have to be maintained, but the cost per profit I think is still positive in terms of profit.

The market seems to change and the competition is getting tougher almost every day which makes some people diversify their investment and sometimes going to sacrifice themselves for something. The huge expenses of mining while getting a small profit gives them a reason to give up. Well, people had to look an opportunity to the other areas and it was to see that investing/buying potential coins are meant good for now, not mining.