Hi guys,
i had known about crytocurrent five months ago, but i only trading. The current market is unstable so I decided to keep it. i'm studying about mining, but my friends, they tell me forget it, present difficulty is too high. i don't mining BTC or ETH. Mining other small coins is easy but low profit. what should i do now?. please give me advice.
I would not say is to late to get into mining , i would say right now its not the best time
There is a lot of factors you need to consider about ...
Mining is a long term investment...
Investing into mining is a little bit gambling right now...
Yes difficulty is going sky high , but if the coin/fiat exchange rate somehow following the difficulty growth you are still good
Mining is still profitable , but the ROI time is much more longer than it was 3-4 or 6 months ago
Members suggesting to use profit calculators .. you need to understand those calculators is for just that moment when you typing your information , its not calculating difficulty increase , or Coin/Fiat price increase/decrease for tomorrow
One of The most important thing when you thinking about get into mining ... how much your paying for electricity , kwh/$ or kwh/euro , make sure all the taxes included in your kwh/$ or kwh/euro price.