Quote from: FreeJack2k2 on December 05, 2014, 09:39:45 PM

Right now, at retail prices for hardware, mining isn't really very worthwhile. You would never see that hardware earn $400 on almost ANY coin, to pay for itself. Most hobbyists do it for fun, or they have a situation where they get free power and don't have to worry about expenses, beyond the cost of the hardware. But for everyone else, it has grown increasingly unprofitable. Hardware manufacturers, in my opinion, are gouging retail miners with their prices. So are most cloud mining services. Unless the coin price switches into a STRONG bull run and explodes upward (unlikely right now) my mining is more or less on hold, until prices of both hardware and coin come into a more copacetic relationship.

I'm taking the money I would have spent on hardware and putting it in coin to sit on, in the meantime.

That's what I thought. So I think I'm going to simply hold Bitcoins while the prices are low and sell them when they are high. It's a good step to get a lot of money, right?