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November 19, 2018, 01:45:42 PM |
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To be honest I don't understand how anyone - except places like Iceland where electricity is essentially free - is making money mining. I bought the most profitable miners out there 2 months ago and I won't make my money back on any of them. My GPU rigs make dribs and drabs if anything at all. GPU mining is essentially dead, even for the algos that fork to be asic resistant. The difficulty increase without the theoretical increase in price means if you haven't made ROI yet you probably never will. It's a shame because I really like the idea of decentralized money. But as with everything profitable, those with control of the money will take all the profit.
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