Since you already invested on your mining equipment then I guess you only need to know what to mine while other coins are not profitable anymore.
If the (Electric and internet) Bills are way higher than what you are mining then I think you should just stop.
But if it isn't then just keep on mining and hold those coin that you get and wait for the market to raise up again.
Topic: I fell for FOMO - page 3. (Read 591 times)
Mining alt is still and will be always profitable if you chose the right equipment and the right coin to mine. But you cant mining ETN with GPU right? what setup did you use for it? you still can sell all those rigs to someone else though. Or move to different coin that still less difficulty and gain more coin.
Yeah that's correct, for example if we are going to mine bitcoin, it was better to use antminer, through that we can imply the best hardware is not always the best specs but those that is directly in line with the best crypto that we are going to choose in order to make profits in mining. I think there are also altcoins profitable using your mining set, just take a look and have a research.
As if now mining is not at all profitable but I am trying to mfind me some of the well recognise coins like bitcoin , ethereum and holding expecting for next bull run . Until now it’s not profitable over investment.
First, I think this should have been posted at the altcoins mining section. Now, back in 2017, I also got involved in mining and the bear market caught up as well, rendering my investments into losses. I do not lose hope. I believe mining will still be profitable again and its getting better as the bull run commences.
Through this I wonder, which year is the best to start doing mining sets and start mining as well? because most of the comments that I read is saying that in 2017 (Where we all know bull is strong), the mining asset is not doing good in the market. If that so, I think the mining profit at this year is even worse.
Back in December 2017 when mining coins are still damn profitable a friend told me about how much he was making from mining and I decided to check it out, I was hooked and I can't keep my mind off it so I venture into setting up my own, the first coin I started mining was electroneum but unfortunately I wasnt able to recover half of ROI back before bears take over the market and now mining seems hopeless, my question to miners like me out here is how are you guys managing? Will mining be profitable again when bulls return???
Not sure about it will or not, but you must able to compete with another miner. A bull can return and it looks like there was a lot of miners have already prepared their money to increase their hashrate anytime. The bad thing in mining when you can't increase your hashrate power and your profit will decrease caused by those big miners are putting new rig will rob your profit. 
Back in December 2017 when mining coins are still damn profitable a friend told me about how much he was making from mining and I decided to check it out, I was hooked and I can't keep my mind off it so I venture into setting up my own, the first coin I started mining was electroneum but unfortunately I wasnt able to recover half of ROI back before bears take over the market and now mining seems hopeless, my question to miners like me out here is how are you guys managing? Will mining be profitable again when bulls return???
Mining is one time investment so you can mine later when the coins are profitable,I am not sure what hardware you had used to mine previously,if it has high hash rates then you can use it for future as well.Or you can start mine the low difficulty level coins and then hold it in this bull run to make profits but you might need to wait if you want profits. 
Back in December 2017 when mining coins are still damn profitable a friend told me about how much he was making from mining and I decided to check it out, I was hooked and I can't keep my mind off it so I venture into setting up my own, the first coin I started mining was electroneum but unfortunately I wasnt able to recover half of ROI back before bears take over the market and now mining seems hopeless, my question to miners like me out here is how are you guys managing? Will mining be profitable again when bulls return???
I started to mine ethereum by the same time you've mentioned. By that time it calculated to give an earning of 0.5eth after meeting all my electricity bills. Later as the price began to drop I was unable to settle my electricity bills, further I shut the mining rig. Hope the price will recover so that somehow I can get back the investment back. 
No doubt that mining altcoins will be profitable again for non exclusive miners when the bulls return and this kind of topic must be discussed on Mining (Altcoins).
There's a bunch of experts in mining alts there.
There's a bunch of experts in mining alts there.
The fact that most altcoins are heavily dump and they only holding a small percentage from its ATH, I believe it is profitable.
When you do mining and you will just save your mine coins waiting for it to rise again, it should give you a good profit.
The last bull run, coins turn over x10 of its price and that makes the miners more profitable.
When you are a miner, you also have a mind of a crypto investor to sell at the timing and maximize your income.
They forget about the daily cost of their operation as long as they are accumulating that specific coin, they are good on it. While waiting for that coin's time to increase, trading helps to continue making some decent profit.
Falling for FOMO is the biggest mistake any investor can make, if the price have gone high as compared to when you saw it, you could just leave that investment and then research for another good project to invest on, don't enter into an investment because you see people entering it, if you must venture into it, then have a reason for wanting to go into the project. FOMO could end you into a loss.
the miners are now just patient and waiting for the market to recover,
I'm sure most of the miners prefer to hold the coins instead of selling them now,
because they know, in 2020 there will be a big explosion for bitcoin. because it coincides with halvng day.
I'm sure most of the miners prefer to hold the coins instead of selling them now,
because they know, in 2020 there will be a big explosion for bitcoin. because it coincides with halvng day.
Back in December 2017 when mining coins are still damn profitable a friend told me about how much he was making from mining and I decided to check it out, I was hooked and I can't keep my mind off it so I venture into setting up my own, the first coin I started mining was electroneum but unfortunately I wasnt able to recover half of ROI back before bears take over the market and now mining seems hopeless, my question to miners like me out here is how are you guys managing? Will mining be profitable again when bulls return???
Thank. I will not be lured more into this kind of activity. I just finished selling my mining equipment just a couple of months ago. Of course I managed to make a profit, but I no longer want to do mining. To mining brings a good income you need cheap electricity, which I do not have.
Back in December 2017 when mining coins are still damn profitable a friend told me about how much he was making from mining and I decided to check it out, I was hooked and I can't keep my mind off it so I venture into setting up my own, the first coin I started mining was electroneum but unfortunately I wasnt able to recover half of ROI back before bears take over the market and now mining seems hopeless, my question to miners like me out here is how are you guys managing? Will mining be profitable again when bulls return???
Mining etn it was for phone right? why you don't have back up on it, always remember that put a back up when having an important files, well you choose a right coin for mining or else your effort would be wasted because of the high bill on your electric currency for now mining is not good at the moment.
Mining is still paying and will continue paying, the only thing needed when dealing with altcoin mining is perseverance and strong determination. Losing with mining when bears come unexpectedly is sure but with time when market regains is shape, making good money is also sure.
It will still be profitable. But next time you need to consider some things.
Place. - Are you paying higher fees in electricity in your country? If yes then you should stop it. You will just lose a lot more than ROI.
Equipment - You need a better one to equal those who are mining now.
Coin - What coin are you going to mine.
You cannot just leap to the mining industry without even having thoughts if it is profitable or not.
Place. - Are you paying higher fees in electricity in your country? If yes then you should stop it. You will just lose a lot more than ROI.
Equipment - You need a better one to equal those who are mining now.
Coin - What coin are you going to mine.
You cannot just leap to the mining industry without even having thoughts if it is profitable or not.
The fear of missing FOMO out is a big reason why people lose money when investing in cryptocurrencies because then another experience about how to get search for investment purpose so when they listen to hype that is not the project they can easily fall for it and get scammed or lose their money to projects that are below level.
Always do extensive research before invest your money into any Project and stay safe.
Always do extensive research before invest your money into any Project and stay safe.
I feel you broh, I was hooked up to that too when suddenly it goes beyond disappointment. At first it was cool but then when the bearish market arrived I stopped. I later on go to my parents house to mine there. As it is super cheap electrify for me because it was free. My rigs was in a good place and it has air conditioning to maintain temp. I did not realize the pain earlier, there are things to maintain that's one of the reason I felt I should just quit and buy then hodl.
Nothing bad if you fall for fear of missing out
But what matters is today; did you learn from your past mistakes ? And did you apply the lessons to present trades and improvement of your portfolio??
But what matters is today; did you learn from your past mistakes ? And did you apply the lessons to present trades and improvement of your portfolio??
Mining can be profitable if the price of electricity is low to get a profit every month after pay electricity, but you can risk and mine altcoins and hold them for bull run if you affort to pay electricity from own pocket until bull run.
The funny thing about cryptocurrency FOMO is that there's a lot of truth to it. You will miss out on some opportunities to profit. That's just the nature of the game. No one, not even the Winklevoss twins, have managed to have pure profit just from investing in every single opportunity out there.
If you had invested in Bitcoin during December, for example, you would have paid around $20,000 for a Bitcoin. This would mean that investors who took money at that time lost value and never actually recovered until now.
FOMO is also pretty terrible when it comes to investing in ICOs that end up flopping. Cryptocurrency FOMO is real, but make sure you don't end up losing everything like some investors did.
FOMO is also pretty terrible when it comes to investing in ICOs that end up flopping. Cryptocurrency FOMO is real, but make sure you don't end up losing everything like some investors did.
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