These coins you have mentioned here are not well known. I have not heard about any of them, so they are not worth mining. I don't even see the reason why anyone will be mining these coins. There are other better coins to mine, so instead of mining petty coins, it's best that you put your time and energy in mining good coins. I do know that some people are taking interest in these new coins because they feel that they will blow some day and they will start making profit from it.
Even the big coins in the market still have a long way to go. Bitcoin is just ten years, and it still has a long way to go. So, go for the better coins and stop wasting time with the small ones. You must study profitability of various algorithm based coins before trying another coin at least here after.
Topic: Stop wasting your electricity - page 2. (Read 1549 times)
I've been sleeping on a false hope for a very long time, I was a fan of new cryptonote coins and I've spend years gathering them, thinking I will be rich one way or the other, I mined coins like
1. Mask Coin
2. Goro Coin
3. Snowflake
4. Recoal
5. Tokl
6. Festival Coin
7. Btor
All these coins are now abandoned and dead, no update since 2018, I'm sharing this today to warn those who still believes in petty coins like these, stop wasting electricity and mine better coins like Monero, Haven Protocol and other popular cryptonight coins or regret later on
1. Mask Coin
2. Goro Coin
3. Snowflake
4. Recoal
5. Tokl
6. Festival Coin
7. Btor
All these coins are now abandoned and dead, no update since 2018, I'm sharing this today to warn those who still believes in petty coins like these, stop wasting electricity and mine better coins like Monero, Haven Protocol and other popular cryptonight coins or regret later on
I understand your work, sometimes the small money will make great value. It is just that you have not had luck, the coins you exploit are abandoned and worthless. Why don't you choose to invest in valuable coins like bitcoin, ethereum, altcoin ... Wish you the best new direction!
I've been sleeping on a false hope for a very long time, I was a fan of new cryptonote coins and I've spend years gathering them, thinking I will be rich one way or the other, I mined coins like
1. Mask Coin
2. Goro Coin
3. Snowflake
4. Recoal
5. Tokl
6. Festival Coin
7. Btor
All these coins are now abandoned and dead, no update since 2018, I'm sharing this today to warn those who still believes in petty coins like these, stop wasting electricity and mine better coins like Monero, Haven Protocol and other popular cryptonight coins or regret later on
OP There is no way this won't happened to you in crypto space, if this doesn't happen how will you grow? I don't expect you to quit because of this, the only way to become stronger is to learn from your mistakes, people still do what you did and they get lucky 1. Mask Coin
2. Goro Coin
3. Snowflake
4. Recoal
5. Tokl
6. Festival Coin
7. Btor
All these coins are now abandoned and dead, no update since 2018, I'm sharing this today to warn those who still believes in petty coins like these, stop wasting electricity and mine better coins like Monero, Haven Protocol and other popular cryptonight coins or regret later on
Yes you heard that right, I have a friend who used Pentium 4 to mine 5000 Litecoin years back, he is now living a good life, see don't give up, only one coin is enough to change your life, do more research next time and make sure the project team are damn serious
All these coins are now abandoned and dead, no update since 2018, I'm sharing this today to warn those who still believes in petty coins like these, stop wasting electricity and mine better coins like Monero, Haven Protocol and other popular cryptonight coins or regret later on
Mining has generally become less profitable with an ever increasing resources requirement. Your advise is really helpful, people need to stop wasting their resources on mining shicoins and focus on already successful and top coins. If anyone really wants to earn something about mining major coins, you have to overlook the fear of the mining being control by large minig farms and bodies. Mining shitcoins with only assumed potentials is very risky
So many small miners have been retired from mining shitcoins.
All these coins are now abandoned and dead, no update since 2018, I'm sharing this today to warn those who still believes in petty coins like these, stop wasting electricity and mine better coins like Monero, Haven Protocol and other popular cryptonight coins or regret later on
Mining has generally become less profitable with an ever increasing resources requirement. Your advise is really helpful, people need to stop wasting their resources on mining shicoins and focus on already successful and top coins. If anyone really wants to earn something about mining major coins, you have to overlook the fear of the mining being control by large minig farms and bodies. Mining shitcoins with only assumed potentials is very risky
You totally do not understand what brings credibillity and a value to the Bitcoin. Why you still thinking that you can replace "work" by "printing" money? It doesn´t differ to our traditional financial system what we are fighting with. 
What really made you think that these coins will be worth a lot some day when you already had XMR in the mining game and you still didn't mine it? Was it because of the difficulty that you chose these shitcoins over XMR and are now crying on your failure? Accept it that you have given enough time to wrong alts and just move on. I believe mining altcoins doesn't support your appetite anymore (after watching your mining portfolio) so isn't it better to just buy and hold some XMR each month worth the average electricity bills that you were paying for your mining?
You slept too long, you already know that the project has not been updated since 2018 but you are still mining them 
Never mine small coin because it is very risky, you should mine a coin that is already large 
Never mine small coin because it is very risky, you should mine a coin that is already large Mine those coins is like placing a bet, maybe one of those could become a big coin in the future... But you are right, if he sees the devs team get down from the ship he should stop mining them.
I think the best option is to use the mining hardware for some others popular coins and hold the coins he already mined waiting to see a spike in the price in the next months or years.
You know when you care. There is really no way anything that doesn't get an update to be big in the future, monero was always good, everyone who was following it knew it would survive this long, monero had updates after updates and they coded on it constantly, you just have to be following the team and be in the chats of it, because they were active.
There are coins that you might be unsure of and just stop mining, why risk it? But there are coins we all know and love, just keep at them and you are going to eventually make a profit from it, depending on electricity prices of your region obviously.
There are coins that you might be unsure of and just stop mining, why risk it? But there are coins we all know and love, just keep at them and you are going to eventually make a profit from it, depending on electricity prices of your region obviously.
This is the risk of mining small shitcoins and if I have a chance to mine I will always go for the top coins because that is more profitable and can cover all your expenses. Mining is not easy mate, so you should know what you’re doing and if you think you’re not earning in mining anymore, start looking for a better alternatives.
Mining the top currencies looks good, but it doesn't bring much profit, because the difficulty of mining the top coins is huge.I think he should divide the mining production into two parts. One is for the top coins to cover the bills, the other is for the new coins, most likely it will bring him big profits.
I am from Turkey and back in the day I made calculations on what I can mine and which equipments and I can tell you, no matter what you mine here it will not worth it. Sure you can profit but there is so much revenue and so much cost that at the end of the day you realize why am I making 100 dollars but paying 98 back? Just for the 2 dollars I will get back? Normally all business has a cost and I understand that you need to spend a bit to earn as well, but %1-5 of revenue as profit is not really something ideal in the business world. Thats why mining altcoins that will not be something in the future will only cause you trouble, and not going to be worth it, specially considering how little we are already making to begin with.
Here are the things you should put into consideration: the cost of electricity, hashrate, BTC price, power consumption, mining difficulties and other things. If after putting all that into account and it's not going to be profitable for you, you can consider other means of making income through cryptocurrency, such as trading and signature campaigns.
I am from Turkey and back in the day I made calculations on what I can mine and which equipments and I can tell you, no matter what you mine here it will not worth it. Sure you can profit but there is so much revenue and so much cost that at the end of the day you realize why am I making 100 dollars but paying 98 back? Just for the 2 dollars I will get back? Normally all business has a cost and I understand that you need to spend a bit to earn as well, but %1-5 of revenue as profit is not really something ideal in the business world. Thats why mining altcoins that will not be something in the future will only cause you trouble, and not going to be worth it, specially considering how little we are already making to begin with.
I want to rephrase,;
Stop wasting your electricity mining useless tokens everywhere; mining of crypto currency token is not a joke or for fun circumstances; it is to earn, to make profits and also to become a massive whale of such token that you mine.
Anything that you do in crypto currency space, that does not yield profit is a waste of time.
Stop wasting your electricity mining useless tokens everywhere; mining of crypto currency token is not a joke or for fun circumstances; it is to earn, to make profits and also to become a massive whale of such token that you mine.
Anything that you do in crypto currency space, that does not yield profit is a waste of time.
That is unfortunate for you buddy, I don't even know those coins name exist. Yeah, before I believe in new projects too but now I am more careful in trusting them I am not mining them though, I was investing and trading a sh*tcoin thinking that I will be rich too, I guess that is everyone is thinking. I suggest mining only reputable coins like Monero, DASH, and other top coins. Also, there are staking now no need to buy hardware or waste electricity but there are only small returns compared to mining.
now focus on altcoin that's on the top list or with a considerable profit when you mine them.
Basically in this sense I would forget anything that was created after 2016,,, because it will all end up a waste of electricity to mine them hoping for next altbull that may or may not come. Same as staking. Waste of space and effort and I have been there so I know!
Some of the altcoins gave as much as 100x or 200x returns in 2017. Do you believe that the same would repeat in 2020? If you think so, then you can try altcoin mining. But as far as I am concerned, what happened in 2017 was a one-time event. It is not going to repeat and most of the alts may never reach a new ATH in the future. So I am not considering mining any of these coins that the OP has listed.
your tone sounds bad on me . in times like this we need to be optimistic because not all coins arent on thier maximum peak yet but its alright to not expect big as long as we already reach our target .
you said some coins pump on year 2017 so the guy above must be lying when he said coin later than 2016 will never pump anymore . i also think that thier years wont matter because old and new coins can grow or dump depending on thier flow .
now focus on altcoin that's on the top list or with a considerable profit when you mine them.
Basically in this sense I would forget anything that was created after 2016,,, because it will all end up a waste of electricity to mine them hoping for next altbull that may or may not come. Same as staking. Waste of space and effort and I have been there so I know!
Some of the altcoins gave as much as 100x or 200x returns in 2017. Do you believe that the same would repeat in 2020? If you think so, then you can try altcoin mining. But as far as I am concerned, what happened in 2017 was a one-time event. It is not going to repeat and most of the alts may never reach a new ATH in the future. So I am not considering mining any of these coins that the OP has listed.
You slept too long, you already know that the project has not been updated since 2018 but you are still mining them Never mine small coin because it is very risky, you should mine a coin that is already large
Never mine small coin because it is very risky, you should mine a coin that is already large Sometimes I feel that mining is so risky that you do not know with the small coins the future and how and when it will become worthless. So instead of mining and putting money in that better to buy the good coins and stay invested and you will get profits in coming future or in long term and accordingly if good in trading can make daily profits as well which would be better than mining.
Crypto have made many rich, at the same time made some poor. Before investing in new coins, do your research well before putting in your money. Blockchain have blessed me but also hurt me too.
maybe because you are collecting the wrong coins or coins that are less popular, so that makes your time for years to be in vain, I would rather choose a good coin and popular, and if you want, you need to do another way, such as trading , this may look a little advantage, but you will get the benefits.
You slept too long, you already know that the project has not been updated since 2018 but you are still mining them Never mine small coin because it is very risky, you should mine a coin that is already large
Never mine small coin because it is very risky, you should mine a coin that is already large Jump to: