Topic: Stop wasting your electricity - page 4. (Read 1549 times)
I think the saddest part of all this is knowing that there are still hundreds of altcoins that the creators give up on the project and end up creating great losses to the people who mined the altcoins and to make matters worse we know that new altcoins will appear that will do the same thing: the Dev's will withdraw from the project and will cause losses to people who mine the altcoin. If people do not become too demanding in their project choices, we will not have an honest altcoin market with honest and good quality projects.
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.
I wonder if mining more valuable coins like BTC will cost more money like electricity or the like, compared to mining new coins which of course have fewer blocks and will be easier to obtain?
are the costs used to mine the same for both?
I do not know about any of a coin what have you listed here amd you should also leave them all because what is the value behind the coins? PoW is the best consensus what we have, it brings a real value to the coin because miners have to spent something to get a coin.
I do too. I don't know why he gambled on those coins without any assurance of getting them successful, in the first place he already knew Monero and Haven Protocol why he had not mined these instead of choosing new coins. Atleast you have learned your lesson and know what coins to mined next time around. 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
Very sad to hear your story. You might have checked those coins' market prices and your profitability levels time to time to avoid such a big disappointment after years of wasting your resources. When ETH was trading around my friend were mining it and when its price was falling down then they switch to some other coins. If you do not have daily or at least weekly based self-evaluation of your mining process then no one could help you all of sudden.There are lots of online calculators available to choose the highly profitable coin for mining. You must be aware of all of these things. I was mining dogecoins by 2014 then I stopped it when I was paying more current bill than my monthly saving then I sold my dogecoin savings by 2018 when its prices peaked up to 110 stoshi and I still hold that BTC to encash.
I mean mining must be a long process to realize its actual worth. So far, many people shared like mining may be profitable for future prices but not sure then why we need to mine instead of buying them directly from exchanges for the same costs of electricity bills.
what you've made is a gamble.
ever since you started to mine this coins.
charge it to experience and learn from your mistake.
now focus on altcoin that's on the top list or with a considerable profit when you mine them.
ever since you started to mine this coins.
charge it to experience and learn from your mistake.
now focus on altcoin that's on the top list or with a considerable profit when you mine them.
Look, you can still mine but with different coins that are worth to mine and not that above you have mentioned. Better to change altcoins than to stick and wait for those coins to be valuable. Not just wasting electricity but also wasting time and effort. Or if you don't want to give up mining, why don't you try other fields like trading?
In my opinion, if you are going to waste electricity you must waste it on altcoins which is on the top of cryptocurrency like you have said monero and many more why do you have to mine to such a coins that yoh have never been heard of so I hope you learn lesson in your experience just make a comeback to mine top altcoins to earn much profit.
Will be honest l have neither any experiences nor any knowledge about listed coins or have heard about some of the mentioned coins. But in my view, there is a high risk to make mining with small coins. Maybe if l were you prefer top altcoins, no doubt they are more profitable than others. New coins are indefinite for mining, they are just new and most of them die after a few months.
why you should waste time and electricity when you can monitor which coins are best for miners from this site https://whattomine.com/coins
I guarantee mining is still profitable if you choose the right coins
indeed mining is still profitable but it is very little because when you do mining it must require a very high cost to make electricity payments and repairs on some of the devices used, mining results also need time to return on investment first. I guarantee mining is still profitable if you choose the right coins
why you should waste time and electricity when you can monitor which coins are best for miners from this site https://whattomine.com/coins
I guarantee mining is still profitable if you choose the right coins
I guarantee mining is still profitable if you choose the right coins
Mining shitcoins is like buying and holding shitcoins until they get rusted and has no value. In this market, i have learned that if I should go for long on any coin, it must have a reputation and trusted, the same should go for mining. You are paying the price which I have also paid for holding shitcoins
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
Okay thanks for reminding although I didn't hear this coin just now if you are going to mine a coin, mine which is on the top of coinmarket cap so that it will be worth it and not wasted choose other coin if you are thinking you will be rich instant because you mine a coin sorry to tell that you need to work for it or learn from it before you became rich no instant in this world, just leave that coin because it will be worth it anymore.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
That are better coins to be lined if the required gadgets are available. The names of the coins mentioned by the OP are strange and that is why he is experiencing strange things. False hope on false coins. Although, it might not be thatprofitable mining top coins that are already in the limelight, but the are guaranteed. Also, there are better ways of earning, other than that.
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
Okay thanks for reminding although I didn't hear this coin just now if you are going to mine a coin, mine which is on the top of coinmarket cap so that it will be worth it and not wasted choose other coin if you are thinking you will be rich instant because you mine a coin sorry to tell that you need to work for it or learn from it before you became rich no instant in this world, just leave that coin because it will be worth it anymore. 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
thanks, though dont know those coin, as regards to coin like that they are shitcoin. Shitcoin is a pejorative term used to describe an altcoin that has become worthless. Shitcoin value may disappear because interest failed to materialize because the altcoin itself was not created in good faith, or because the price was based on speculation and the likes
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
You can regret something that you like so much before. Just look it as the lesson that you should think before act. Do not spend your time with big eager that will give you bad effect in the end. Think deeply and wise about everything is the most important thing. 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'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
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
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
Not just not to mine them, also dont buy them or even accept if someone gives them to you. Focus on the ones that will be here 10 years from now. the ones with community and with use case.
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
One funny thing is that i do not know any of those listed coin. So the question is why would you mine blindly? why would you mine all because of mining and not rightly
Always do your own research, and just invest by buying and hodling in a while
I do not know about any of a coin what have you listed here amd you should also leave them all because what is the value behind the coins? PoW is the best consensus what we have, it brings a real value to the coin because miners have to spent something to get a coin.
Yup you are right it is definitely an amazing algorithm but with costs involved and inefficiency of mining with complains of no or low profit pow is struggling to survive and i am sure market is largely moving towards the alternatives i am sure pow will still survive for many years but it is becoming less feasible with every passing day. 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
Monero might do good if it doesn't get delisted from every compliant exchange and it might happen if those new strict AML laws go through.
The coins you've listed were bad to begin with and did not even do enough advertising. No big community= no chance to stay on the market for long.
Cannot be more to the point i fully agree with the thread starter and over the years i was advocating against mining useless and low quality coins because it was clear that they will lose their market value over time because eventually there will be sellers and sellers in the market and no real buyers because all these coins have no other usecase, services or ecosystem so there was literally no demand or buyers.
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