Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine
by
RavenXBR
on 19/08/2014, 11:42:02 UTC
Profitability on this coin has severely tanked in the last day. Too many people dumping at the cheapest buy offer pushing the price down. Grumble... grumble..
But still a profitable coin...

This statement means absolutely nothing if you don't mention costs involved. If you already paid off your cards and are paying 0 USD in electricity costs then yes it is profitable, otherwise it depends on the investment and incurred costs.

The amount of BTC I'm mining minus my electricity cost gives a positive net result, so, in my case, it's profitable...  Wink