A thought and honest question to all GPU miners supporting the DRK network:
Are you mining this coin in a profitable manner? If not, why are you continuiing to mine DRK, instead of simply buying?
Good to see so many traders are profiteering on the wild ride, but as a miner I have only lost money mining DRK.
No matter how valuable I think DRK is, I can/should no longer support it through mining.
As a miner I'm an essential element of the DRK eco-system, without us there is no DRK.
No network, no security, no transactions, no minting.
Unfortunately, we loose money all the way through.
Two months ago, last month, today, next month.
And the traders are hyping and cashing in hard on this coin, providing no intrinsic value to the DRK eco-system (?)
Considering hedge mining profitable, implies one does not understand that it's still (much) better to buy DRK now with the same capital than to invest in mining.
My personal situation is that I cannot even break-even on a daily basis (power cost), let alone have my investment back.
Just stating a fact. I'm still supporting the network currently.
How many miners have been supporting DRK in the past months running an unprofitable setup like I have?
Most people can't or don't bother to calculate if they're profitable or not, they usually find out the hard way after they already made the investment and for unclear reasons somehow continue after all. How do you see this network growing with many? GPU miners wondering if they should continue mining?
The miners should just continue to loose money while others are making huge gains simply buying?
So (most) miners loose money, yet we are a fundamental layer in the DRK eco-system..
So (most) buyers/traders gain money, but what's the value to DRK..
Miners = sheeple ? :|
My DRK 0.02.
Mining anything isn't very profitable right now. For many, DRK is the least unprofitable.
I've been mining at low to reasonable profit (I have solar), and certainly making far more than I would have by leaving my money in any kind of traditional bank/ISA/whatever, but I would have continued at a net loss because once block reward gets as low as it can (we are very nearly there now) I believe the price will continue to rise and tip the scales back to more profitability.
Those DRK we're grinding out each day are very likely to be worth much more pretty soon.
Of course when/if the price stabilises, about $100-$200/DRK within 6 months is my wild guess, maybe as a miner I'll have to reassess the situation then.
I'm lucky though, a few quid today doesn't currently mean much to me, but I've spent years when a few quid meant a great deal... everyone's circumstances, goals, and outlook are different.
edit: I am also, by supporting DRK, not only personally profiting (hopefully!) but
doing good. We all need DRK, or something very like it, whether the masses realise that or not.
