Enjoy losing your money guys, that's what will happen
+1
no problem, they are ensuring the network
Funny (or sad) thing is that professional investors who run gigantic farms will soon be out of business ... even at $0.05/kWh.
Lesson:
Never underestimate the stupidity of the masses Well who's stupid? Miners ,builders , investors all of them?
Like it or not it grows by it the cyber coin universe is expanding as I type.
Do you know what would kill it off.
Raise interest rates to 5-7 percent. Bring back 30yr US Bonds at 9%. = Death to this universe.
Here is the deal people with a little bit of extra money or a lot of extra money need places to invest it.
Buying cyber coins is like buying stocks . Passive investing. Mining is more like running a business active.
Does it really do anything does it have a purpose?
Yes it offers a chance to make some money if you work at it and it is your own business so to speak.
One you can do in house.