THE TRUTH

[VanDeinsberg12]

When you can mining with cheap electricity fee, you will make a profit in daily, but not all people can get the same fee as you. So they say that mining with GPU is hard to get a profit and finally, they are shut down the machine. That happens too with my friend in the other country because he cannot cover the electricity fee, so he decided to end the mining.

You must have a lot of hashrate power to able get profit. cheap electricity just give us more opportunity to earn more profit. When we get expensive electricity and a high difficulty and the result will be we got a lost.

[Chicky213]

When you can mining with cheap electricity fee, you will make a profit in daily, but not all people can get the same fee as you. So they say that mining with GPU is hard to get a profit and finally, they are shut down the machine. That happens too with my friend in the other country because he cannot cover the electricity fee, so he decided to end the mining.

You made a point about the cheap electricity been an advantage to make profit in mining cause high cost electricity will generate expenses. The kind of hardware used helps.

[lifesgood10]

Everywhere I am seeing fellow miners discouraging other from jumping into the mining business.  All over this forum and reddit, you guys are being selfish because you don't want the difficult to keep rising.

The truth is mining crypto has been the easiest money for me, I am never going back to working a normal job when I can just do this all from my house.

I'm still pulling in NICE profits, people are just spreading fud about the ROI times and saying gpu mining is dead.

Yes you got them right there, there are fuds and lots of discouragement by miners
To ensure that there are further decrement in the number of available miners

It’s more like trading too; where fud are spread so that a token can be bought cheap
Just that here; it reduced number of miners

[Lizzylove1]

Mining is not as easy as it use to be when one consider the cost of available electricity except you are using your own built renewable energy, then cost can be saved on electricity. My partner and myself have for now abandon our mining rig because of huge cost of electricity and internet connection.