It is not about 'instant gratification' it is about being SMART. Why mine a coin that is not profitable AT THE MOMENT??? I can switch to something way more profitable and convert earnings to btc or even LUX.
SoilCoin would give me at least twice the return atm. It is a shitcoin but it can be sold and converted into btc and I can then buy twice as many LUX with that.
https://minethecoin.com/coin/soilcoinI'm getting around 4 Lux per week atm, at current prices, that is only about $52. If I can get $136 per week on soilcoin, I can trade that for around 10 LUX per week.
I'M NOT A FUCKING CHARITY!!
If you think that Lux is not enough profitable for you now , you are free to find coin with more income from mining of. Wont be telling u about a futureproof mining, everybody here is a grown guys and can decide what to do/mine. Good luck anyway
For big miners he have a point. But for hobby miners like he is himself the safety of mining a coin that looks like it will have a good future is way better than trying to constantly monitor which is the most profitable at the moment. Soilcoin is not a viable option for big miners though hehe.
Why should the little miners take a loss? Sounds like loser talk to me. Why the fuck would anyone be so stupid as to mine an unprofitable coin when it is easy to switch to another coin and trade. Why the prejudice against the little guy? Plenty to choose from.
As for LUX being some sort of winner....look at the price here since 24th Jan:
https://coinmarketcap.com/currencies/luxcoin/It may recover one day but right now bitcoin is rising and nearly every other crypto coin is up and it is down. That is not a good sign. Of course people here think loyalty is more important rather than good sound financial considerations. Enjoy your losses. I'll buy back in when it is ready to recover, assuming it does..
WoW... imagine if no one was ever loyal to BTC, LTC, or ETH.... then where would you be? LTC was unprofitable for YEARS. BTC was bouncing between Profitability and loss. ETH had boatloads of issues and fear pumped into its market, people are crying cause they sold these coins so early on and missed out on buying back.
You guys must be AMD miners cause I'm not seeing the losses in day to day mining, Its still among the top most popular coins mineable with nVidia, in profit. And there is still good volume on the coin.
Yup, jumping from one volatile coin (with everyone else, so its now less profitable) to another sure sounds like good sound financial consideration! Ever heard of a lemming? Lemmings make nummy nummy snacks!
If you want to go mine another coin feel free, less hashing power from you is more coin for me. If its less profitable there's less potential for miners to mine to dump for another coin, sounds fine to me.
Once staking is returned you can buy my LUX from me at the increased price when it recovers! then when It dips, I'll buy it back from you at a reduced price, rinse and repeat
, enjoy your losses!