Stop wasting your electricity - page 5.

kindbtc

member

Activity: 1008

Merit: 12

SAPG Pre-Sale Live on Uniswap!

Quote from: Gorosden on May 31, 2020, 06:39:32 AM

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

To be honest mining even the bigger coins has lost its charm now considering the high costs of equipment, electricity and then the carbon output the only adopted new model with more or less same functions is staking and it is getting popular as the largest altcoin Ethereum is also upgrading to offer pos algorithm.

Rubick99

member

Activity: 484

Merit: 11

Don't put your money in new coins, that will be hurting you and make you feel angry because you have spend lot of time and money that just for nothing. If you have money just focus on big coin, famous coin that have profesional team since long time. You must be sophisticated investor that know when to enter and get out with profit.

casperBGD

legendary

Activity: 2156

Merit: 1151

Nil Satis Nisi Optimum

if you did not checked which coins are best to mine in a particular moment, then yeah, you are wasting your electricity and should stop
mining is not that profitable any more, nor with BTC, and with other coins especially, but if you follow data and change coins at right moment, it could be profitable enough, depend on electricity costs and mining equipment that you have

did not heard for any token that you mentioned in first post

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

It's pity of you gathering these coins thinking that they could reach the level of bitcoin in terms of everything at least the price. Have you seen the entire market loaded of shitcoins already? I wonder why did you do this. There's the bitcoin on top of the market where you can make a profit, or mine (not advisable as the halving already taken place) best that you can is to invest on bitcoin or any other coins that has already a power. You've got no update since 2018 yet you are holding into something that is nearly impossible to happen. I would never wait a year or two for a coin to pump especially when it does have a name at all.

dutt

member

Activity: 135

Merit: 10

You could have mined the wrong coins. Maybe it wasn't your time. If the cost of electricity in your area is low, or you can find a free source, I'd suggest you try other options. There are alts with high profitability percentage.

HunterUnchained

jr. member

Activity: 182

Merit: 1

This is so true.. Gone are the good days where mining what's lucrative and people literally did little but gathered great profits in the end, these days, it isn't lucrative anymore and one has to scrap for the more established projects to actually get a shot at some earnings. The smaller projects don't have much structures in place and have get listed and their value increased before one can make any gains from them. This process usually takes time and sometimes, these projects get abandoned leaving all your investments in ruin.

btcltcdigger

hero member

Activity: 2086

Merit: 761

To boldly go where no rabbit has gone before...

Quote from: sangjoewara on May 31, 2020, 09:07:32 AM

Quote from: Gorosden on May 31, 2020, 06:39:32 AM

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

I myself have never heard the names of the tokens that you write, even when in 2018 I have never seen them at all, it's only right that now they are dead and the team ran away, it is hard to believe they have made you really lose.

They sound like some bullshit coins that were shilled and then made a exit scam. Probably OP found them easily mineable and had high hopes,,,,

ecnalubma

sr. member

Activity: 1540

Merit: 420

www.Artemis.co

Why mine shitcoins when you can mine high potential coins. You’re definitely wasting money when you started mining those, you probably did not make a research before mine those coins. But you gotta move on with that and look for the real deal.

PerfectCircle

member

Activity: 252

Merit: 11

Honestly to make profits from mining today you will need to build mining rigs that cost thousands of dollars, using a GPU or more doesn't cut it unless electricity is extremely cheaper in your country, I sold all my graphics card for ETH and just hodl that in my wallet, I was once like OP but I quickly realized that there isn't any path ahead in this mining of a thing, I'm glad I quit

Ortek

newbie

Activity: 42

Merit: 0

I fully understand your idea to save some coins up and hope that one skyrockets. But you could have stored them on an exchange since the value wasnt that high and set tresholds so they would get sold as soon as it hits a certain price that you have set.
I'm sorry for your loss OP.

istiak2277

member

Activity: 728

Merit: 19

KUWA.ai

I have never heard of these coin and I am also not a miner anymore. I think mining is not very profitable anymore if you are not doing cloud mining. You did not get anything from it but I think the most important thing is that you have learned some lessons from it. Learn from your mistake and do future plans for your mining. There are other good projects just trying to find one.

Becky666

full member

Activity: 756

Merit: 231

Quote from: Gorosden on May 31, 2020, 06:39:32 AM

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

There's a big problem with some investors even with some miners who don't care or careless to check on the coins they're mining if there's a progress with the project or not. Even some investors, checking their wallets for growing coins or tokens aren't their concerns, sometimes, they miss out of the big picture of profits before they check. Thanks for the reminder, hope those wasting their electricity for these shittholse tokens find this and terminate their mining medium. Although, this is the very first time am reading about these set of coins in this space.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Gorosden on May 31, 2020, 06:39:32 AM

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

Mining coins that are not popular is always a risk, unfortunately for you it did not paid off but at least you learned an important lesson out of it, the only problem with mining popular coins that could give you profits is that there is a lot of competition and you will need the best possible hardware to have any possibility of making money otherwise you're going to waste your electricity as well, as such I will recommend that if people are not really well versed in all the issues mining entails that they do not do it.

jahepahit

member

Activity: 866

Merit: 10

Quote from: Gorosden on May 31, 2020, 06:39:32 AM

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

I am very sad to hear about your story when you get a not valuable coin from mining work. I just want to ask a little. and what I will ask is .. Why didn't you choose a coin that already had a good sale value when you decided to start mining ??

rexxarofmoknathal

sr. member

Activity: 980

Merit: 260

Quote from: Gorosden on May 31, 2020, 06:39:32 AM

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

I suppose it wasn't entirely a waste of time and money. In the end you got out with the most important lesson about mining and you now also know the process step by step so it won't take you too long to upgrade, providing that you also have enough capital to invest into hardware.

In any case, this is a well learnt lesson and it is one all miners should be aware about. In the end, mining is similar to trading in that you still have to speculate around the coins, risks and rewards.

chanc3r

sr. member

Activity: 952

Merit: 253

Quote from: Midy on May 31, 2020, 09:07:50 AM

make this as a lesson and experience so as not to do the same thing for the future, hopefully all users here can learn from your bad experiences in the crypto world because work without results is the thing we hate the most in life.

He gives us a really good lesson never try to mine useless coins. It's better to tell those who are still mining crap coins to move on into the major coin that will never deceive them all and waste their time to mine scam coin.

qomariah95

full member

Activity: 1190

Merit: 100

I also mine like you, but I didn't hold it for a long time. But when it can be sold and make money, then I will do it. And I prefer to add tokens or coins that already have a market. so there can be results. so it doesn't waste electricity or time.

Phoenix_PROG

member

Activity: 224

Merit: 28

Recoal and Btor was trading on exchanges back in 2018, OP must have intend to keep or hold those coins, if he was selling for Bitcoin at that time he would have make some gains, the lesson here is never hold new Proof of work coins, just mine and sell instantly for better altcoins or Bitcoin

serjent05

legendary

Activity: 3052

Merit: 1281

Get $2100 deposit bonuses & 60 FS

I wonder why you did not sell those altcoins when its trading is active. You should have mined those altcoins that have strong buy support and you should have been vigilant for sudden changes in the market movement. Most of the mining coin especially those who have not catered much attention and does not have much to offer just simply vanish from the market.

I am sorry to hear that you dreams of becoming rich won't come true through those altcoins. Maybe if you try again this time, since you are now well equipped with experience, you will eventually succeed.

nicecrypto

member

Activity: 1260

Merit: 21

How do you keep mining without any certainty that the developers are working on the project and have the intention to develop it, sometimes it is good to keep up with updates to know if to buy or mine a coin, all the time wasted on those projects should have been invested on good projects, now you have learned and know better.

Topic: Stop wasting your electricity - page 5. (Read 1549 times)