Pretty much... Mining is a sinking ship for miners right now. It doesn't help that every coin an their mom is PoS now. The big coins that have sailed through x11 and x13 to PoS is mind boggling. The only ones getting fucked are miners.
A few rules of thumb to keep profitability where it should be and take back altcoin from penny-stock fraudsters
* stop mining/buying ipo coin (we know they are scams organized by p&d groups) and mining it is just giving credit to them.
* stop mining/buying coin which doesn't show any innovation
You might say that the other aren't profitable, but it is mostly the case because the money seems to go there... they are p&d scheme... so basically it just from the right pocket to the left pocket of some people...
So say no to scam coin...
(because for a small one time profit, you kill your long term profit)