Topic: WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING ? (Read 17811 times)
April 26, 2019, 07:46:48 PM
This is a very useful post for newbies that wants to go to the world of mining but mining is good for countries that has cheap electricity
April 22, 2019, 05:13:55 PM
You really said it all. The last part is just it, invest what you can afford to lose; not only is it applicable in the outside world it is highly recommended in the crypto space too. Mining now depends mostly on energy, that is cheaper energy gives more reward in most cases and vice versa.
So anyone aiming to venture into mining must be ready to make research.
So anyone aiming to venture into mining must be ready to make research.
April 22, 2019, 01:46:12 PM
I think this happens mostly to newbies recently Introduced to crypto currency or just learning about crypto
Everyone wants to make a sudden breakthrough from mining and trading but doesn’t work that way
Newbies simply have to learn first. It’s not too late to mine if it’s not bitcoin but another token
Everyone wants to make a sudden breakthrough from mining and trading but doesn’t work that way
Newbies simply have to learn first. It’s not too late to mine if it’s not bitcoin but another token
April 22, 2019, 04:02:30 AM
I was at some point fixed on this,especially on the mining calculator until I figured out it. Even the GPUs in your rig may give values that vary widely from watch you get online sometimes. Do your own research and practical test on a small scale before going heavy.
April 22, 2019, 03:51:59 AM
By the way if you have 0.7$ electricity price, you always be profitable even in the bear market like couple months ago. if you have good gpu like vegas
NO WAY !!!! HOW ??
You should know something what we don't know
April 21, 2019, 10:48:43 PM
Yeah gamer can mine instead and learn how mining can be profitable.
By the way if you have 0.7$ electricity price, you always be profitable even in the bear market like couple months ago. if you have good gpu like vegas
Dont be to hard on them"These noobs", crypto price driving up like crazy becauze of them, we should thanks fo their helps
By the way if you have 0.7$ electricity price, you always be profitable even in the bear market like couple months ago. if you have good gpu like vegas
Dont be to hard on them"These noobs", crypto price driving up like crazy becauze of them, we should thanks fo their helps
If you have 70 cent per kwhr power you will never be profitable. Vega or not espcially in a bear market.
Perhaps you meant 7 cents per kwhr in that case the ROI on a used Vega56 for 250$USD is 641 days at present. (rough estimate mining monero as per WTM)
Unless the price of BTC goes up thats a shitty roi whichever way you look at it.
As long as ppl know what a hobby is versus an actual income generator then they'll be fine.
Most noobs want to get into this thinking its a get rich quick scheme. Yeah no its not.
2 years roi is anything but quick.
April 20, 2019, 12:35:12 PM
You can't blame newbie. Some of them have also lost a lot in this crypto business. So it doesn't hurt if they keep asking. They just need some form of assurance at least that mining will be profitable or investing and they won't lose their hard earned money
So i think my post is especially addressed to you also ... No one blaming newbies, but they asking questions no one ever can answer !!!
People like You try to give a totally fake, non existing assurance about "mining will be profitable and they won't lose their hard earned money"
You cant, and No one can give any kind of assurance about ""mining will be profitable and they won't lose their hard earned money""
You can't blame newbie. Some of them have also lost a lot in this crypto business.
And you know why ? Because members like you 
tried to give them assurance about ""mining will be profitable and they won't lose their hard earned money""And because they listened for those ppl who give them assurance about "mining will be profitable", instead of doing they own research, market calculation, reading coins white papers, getting deeper knowledge about mining, understand power usage, understand bios modding, learn about what halving mean, what difficulty bomb mean, how difficulty changing mining profit ........
Instead of asking questions about all those important things, the only things they asked is :
"" ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ? WHY MY EARNING IS LESS THAN ALL THOSE ONLINE CALCULATORS TELLING ME? WHAT IS THE BEST COIN TO MINE ? WHAT IS THE MOST PROFITABLE COIN TO MINE""
We had new topics with those questions on a daily basis when more and more ppl jumped into mining ( 2017-2018 first quarter )
Newcomers still asking the same questions
April 20, 2019, 02:19:50 AM
many newbies try to search a profit by mining because they see the benefits of mining it seems are very large, but they do not know that mining has a big risk of loss or high costs. generally miners are newcomers. then no need to be surprised.
Mining is a serious business. Once amateur was engaged in mining and it was possible to make money relatively easily and simply there. Today mining is a business of big people with multi-million investments. Lovers have almost nothing to do in this business. April 20, 2019, 01:50:09 AM
This. It is incredibly addictive and becomes more so when you mine shitcoins one year and then they moon overnight and you suddenly are a masternode player.
As a newbie, I can confirm that this is true.
April 19, 2019, 10:39:26 PM
many newbies try to search a profit by mining because they see the benefits of mining it seems are very large, but they do not know that mining has a big risk of loss or high costs. generally miners are newcomers. then no need to be surprised.
April 19, 2019, 06:53:46 PM
If youre new, no its not worth it to start
If your rig is already paid off, then profit is only cents per card per day but still "profitable"
If your rig is already paid off, then profit is only cents per card per day but still "profitable"
in my country, you cant get profitable the minning cost (electric, internet, maintenance) is hisgher than the reward.
im still have 2 rig but i dont running it due the ethereum price stagnan and the dif rising again.
April 19, 2019, 06:27:41 PM
I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ? WHY MY EARNING IS LESS THAN ALL THOSE ONLINE CALCULATORS TELLING ME? WHAT IS THE BEST COIN TO MINE ? WHAT IS THE MOST PROFITABLE COIN TO MINE"
No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money and time !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
No one can tell you what is the best coin to mine !
No one can tell you what is the most profitable coin to mine! Coins profitability always changing, what is best to mine today, maybe going to be the worst to mine tomorrow !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
None of those online calculators calculating pool luck !
None of those online calculators calculating your stale/rejected or invalid shares !
None of those online calculators able to predict difficulty growth !
None of those online calculators can predict what would be the coin/$ exchanges rates a minutes later, a hour later, tomorrow, next week, months later, 6 months later or a year later !
It's little bit of gambling , you must to decide you want to play on the lottery or not
YES some of us got lucky , made some money with mining
YES some of us got unlucky , lost some money , bc when price started to fall , sold they coins , miners...
! INVEST ONLY WHAT YOU'RE WILLING AND ABLE TO LOSE !
! INVEST WITH THE UNDERSTANDING , THAT YOU COULD LOSE EVERYTHING !
No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money and time !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
No one can tell you what is the best coin to mine !
No one can tell you what is the most profitable coin to mine! Coins profitability always changing, what is best to mine today, maybe going to be the worst to mine tomorrow !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
None of those online calculators calculating pool luck !
None of those online calculators calculating your stale/rejected or invalid shares !
None of those online calculators able to predict difficulty growth !
None of those online calculators can predict what would be the coin/$ exchanges rates a minutes later, a hour later, tomorrow, next week, months later, 6 months later or a year later !
It's little bit of gambling , you must to decide you want to play on the lottery or not
YES some of us got lucky , made some money with mining
YES some of us got unlucky , lost some money , bc when price started to fall , sold they coins , miners...
! INVEST ONLY WHAT YOU'RE WILLING AND ABLE TO LOSE !
! INVEST WITH THE UNDERSTANDING , THAT YOU COULD LOSE EVERYTHING !
The newbies are quite different people and most times, they hardly make a simple research or scroll to the next page where the answer to their questions lie. This post should be adopted as a permanent banner on the forum for newbies. Let's make it the first thing they read when they log into the mining section if possible
April 19, 2019, 02:56:36 PM
Because they feel insecure, they don't read because most of the newbie is lazy! If you tell them to use the search option to find any topic you want but then they may ask you where is the exact search option! It happened to me. I think most of the newbies are very confused, but this thread can help them to be self-confident! No one can help you if you stop helping yourself!
April 19, 2019, 11:46:44 AM
That's why they called newbie.. some of them are still new here in the forum that's why they are asking.. it's not to late to start mining as long as you know what are the expenses you will face
April 19, 2019, 11:42:55 AM
You can't blame newbie. Some of them have also lost a lot in this crypto business. So it doesn't hurt if they keep asking. They just need some form of assurance at least that mining will be profitable or investing and they won't lose their hard earned money
April 19, 2019, 08:41:38 AM
Because you answered, they are newbies. All newcomers ehen they hear about mining they are amazed about the profits but they do not understand all circumstances and difficulties connected to mining.
April 18, 2019, 07:53:21 PM
I think they dont want to be disappoint in mining thats why they are asking if its still profitable but disappointments sometime come in mining
April 18, 2019, 05:44:32 PM
this remind me of OP post hahaha
well. maybe its true for the big coins but definitely not true for spec mining and launch mining.
there's still money to be made in crypto
it's like general things in any other aspect of life too, you bad at almost anything in the beginning. Gradually getting better and better with each mistake you have. Making a friend and widening your network for information will make your chance higher to survive I think.
April 11, 2019, 10:47:33 AM
Yeah I think I'm still lucky though, my first mined coin doesn't go to zero, yet
. I think it's useless if you want to jump to mining but not experience it first hand, so I give it a try. Experience is a great teacher indeed and I agree about the risk management, especially for a newbie. I most likely got more stress if go all in with all of my funds.
this remind me of OP post hahaha
well. maybe its true for the big coins but definitely not true for spec mining and launch mining.
there's still money to be made in crypto
April 11, 2019, 07:27:03 AM
I agree. Everyone has questions when learning new knowledge. The questions listed by the OP are logical to start learn mining. It is necessary to be patient with newbies, we, too, were once so.
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