Quote from: MisO69 on September 26, 2014, 02:30:16 PM

Quote from: Amph on September 26, 2014, 01:59:28 PM

Quote from: SquallLeonhart on September 26, 2014, 01:38:15 PM

Quote from: Amph on September 26, 2014, 01:07:03 PM

the one who are still mining are the one with cheap or zero electricity

a lot of them mine at a loss, I really dont understand why people do that but telling me to secure the network sounds silly to me..

yeah it sounds stupid, but some of them maybe rich or they have a good influx of money, they don't care

I mine and hold most of the time, sell when/if the coin goes up. Sometimes I get stuck with bags other times I do really well. Monacoin is a good example. Easy instamine at the beginning, held for a few months and made me quite a bit of BTC. Paid off my 30 GPUs in no time just doing this. Mining for me and probably others has nothing to do with income. I get that with a full time job. Yes its risky but isn't everything when it comes to crypto?

Right now I'm mining Cryptonite at a loss, taking a gamble it will gain momentum in the coming months. I think its a good bet.

I also believe that most coins are scams and now with so many being released its more difficult to gamble on the right ones.

ah i remember the gold old days with monacoin and friends, those were the profitable days indeed, plenty of easy instamine lmao