Anybody Mine Low Sell High?

[ss890]

Mining low value coins and selling high was good opportunity a year ago or so. It's not now because the vulnerability of the coins being dumped at accelerating rate has increased a lot. Many time it is happening that we mine low valued coin but the coin never gets the value back up with no time. It's complete loss and it gets hard to pay off the mining maintenance as well as electricity bills.


Better go for ether if mining with gpu because ether will at least assure us that it will go up with its price in future and dump itself all the way down to zero. If you feel the difference then try better valued coins only.

[Steven3iii]

Mine high sell and buy low

This. The only way to make a profit at all. Nobody can predict the future. Try to pick useful coins to hodl....

[joeydangerous]

Hello. I am a noob to mining and currently have hardware in route to build my single gpu rig with growth potential up to 7/8 gpus. My question is this...

What are your thoughts on mining coins that are low in value? Is anyone having success with low value altcoins?

Thanks

Success with small mining rigs? No.

You won't find that many people having success with using small mining rigs, you'd have to spend some money for some income.