whattomine was useless back then, the gems were the new launched coin each week, never heard of leafcoin?you must be new here then... i made 2 btc there in 2 minute of instamining
like i've said, i instamined the shit out of this place in 2013-2014, so i know what i'm talking about
then instamining was not working anymore because they learned and made 0 block reward for the first 100 block plus diff retarget kimoto gravity/temporal and all that crap, so everyone was using the rental with big hash to early mine as much as possible and speculate on exchange
still there was big early profit with some coin and random pumping/hype like for roxcoin(this was part of those coins that were pumped one time after they hit exchange, big enough to make a very good profit, then it dies), made 0.7 early, by early mining it when the reward was high
Oh yeah, the good old golden times for crypto miners when a couple of coins launched each day.
Spamming F5, downloading the wallet while also pointing all your rigs to the address of the wallet that's not even downloaded yet, starting it, closing the typical first launch bug error, restarting and watching as you flashmine the first X amount of blocks is a great experience. And it was sometimes stupidly profitable.
Bensam can't seem to understand that you didn't need to invest anything - other than time. Most of the time you only had to mine for minutes, maybe hours. That's hardly an investment in exchange for dozens of blocks. Most of the time you would have had to mine for days to earn the same amount of coins once pools launched and the difficulty ramped up - and you could earn that in a matter of minutes if you were one of the first.
I have all the wallets that I have ever downloaded and used which is now over 250 - and I mined some coins to most of them.
yeah this is what i was talking about, you just need few minuts for each coin, some times even few second, it was hilarious and fun
and the risk were always zero, because if you missed one, there was another the next day with the same potential, but this was more true early in 2014, not so much in the summer
well sad for, but for me instamining was the best in 2014, it always worked like i've said, i know it's not common and not many were able to take advantage of this
but i did not lost a single penny, there were coin that were giving me 1 btc in 10 seconds(panda coin instamine, i still remember when i found 50 block in solo mine, before everyone else), and i'm not even joking
and no i'm not saying there is volume in private, i'm saying there is profit(much higher than you think) in private trading, which is different
And it didn't always work, like I've said. Just like bag holding on shitcoins. There wasn't always people around to buy your shit or even want it, which is why I never mined coins that didn't make it to exchanges. That's highly, extraordinarily volitile. If it somehow worked for you, you were suuuuuuper lucky and should consider yourself so, but it doesn't work that way for everyone else. Not everyone gets to win the lottery.
Also anyone who says they've never lost a penny while speculating is full of shit.
Profit is pointless if there is no volume. You can trade one penny for two pennies and you're definitely turning a profit... matter of a fact, you're doubling your investment! But it's still two pennies and pointless when you put it into any meaningful context.
Just like there are some coins you can mine with no difficulty, but they tank when you put more then one GPU on them. Volume is virtually synonymous with difficulty in the way they work.
the only thing that i lost was some energy feeding my single/dual gpu, but only when the coin that they launched had problem, like wallet not working/no synch etc... and so a re-launch was needed, so you waste energy for nothing...
not a big loss, i've calculated that it was at worst 250 euro for the whole thing, while it lasted