ico41
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Nothing in the cry of cicadas suggests ...
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February 02, 2018, 06:28:19 AM |
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I think that mining crypto currency is a pretty broad topic. That is, mining can be extremely profitable when the coin, the timing, and the hardware all line up. An example is what just happened recently with the Bitmain A3 and Sia. The rig was manufactured for a pretty narrow set of algo's and then the first batch hit, miners were making as much as $500 per day for a machine they paid a few thousand dollars for. That went downward pretty quickly as the hash and difficulty soared.
And those that suffered delays for the delivery of the machines found themselves just a wee or two later making $40 a day! In two weeks ...
So the combination of the all of the factors make the difference. I think it probably takes more work keeping track of options than it does configuring, installing and keeping the equipment running. If you drop into Discord servers for coins and visit the #mining channels you can get a sense of how much time it takes to efficiently run mining equipment. It's not a "Set and forget" kind of thing. I thought it would be - but it's just not.
One interesting trend are the masternode coins that are flash-in-the-pans. If you are quick enough you can jump in, point a rig at a new coin that looks like it might last as long as a month, mine it when the difficulty is low, wait for it to get listed on MN sites, CoinMarketCap, and exchanges and cash out on the bump. Then point your rig at the next one. That's just one strategy - there probably many more.
Also, it matters how you define "profitable." There are a lot of people who find mining just plain fun. Running something that throws of a "payment" - some people just like to see the coins flowing into their wallets without having to transfer USD to an exchange, pay for the coin, etc. Also, some people like to tinker around with hardware stuff like a small engineering project. There's something to be said with playing around with equipment, and then tweaking the software to make it run better.
So yeah, I think with the proper attention mining will be profitable in 2018.
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