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Author Topic: Bounties are becoming like mining  (Read 397 times)
abbywem
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August 29, 2018, 10:21:19 PM
 #1

It seems like bounties are becoming more and more like mining each day.  Simply not profitable.  The amount of dollars you earn vs the total amount of time you spend completing the tasks is less than minimum wage.  Are you guys moving over to trading or are you sticking it out hoping for better days?

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August 29, 2018, 10:25:49 PM
 #2

Bounties and mining are both different entirely from one another
It differs in the sense that you need to invest your time data and body to participate in bounties as it entails sleepless nights
But mining all you need is your gpu device and electricity as well

You need to figure out clearly and make the right choices
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August 29, 2018, 10:26:02 PM
 #3

Bounty is more tiring than mining. One is operated by the machine. The bounty is based on manpower. Sometimes there are no rewards. So the bounty is really tired. Feeling tired. Can only insist on silently.

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August 29, 2018, 10:33:09 PM
 #4

It seems like bounties are becoming more and more like mining each day.  Simply not profitable. 
That day will come that bounties are no longer profitable when most of the projects are just repetitive and no real use. While the projects that will have their real use for their token can possibly survive it. Mining is still profitable and miners won't stop mining if its no longer profitable, it's not only profitable for small miners but for large farms, it is.

The amount of dollars you earn vs the total amount of time you spend completing the tasks is less than minimum wage. 
It's just an incentive so why you have to compare it to miminum wage and you should have your own job.

Are you guys moving over to trading or are you sticking it out hoping for better days?
Trading > bounty.

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August 29, 2018, 10:36:23 PM
 #5

How did you say that bounty was same on mining? In the first place bounty and mining have a big difference in terms of earning bitcoin. If you can see mining was have a device or hardware to mining a bitcoin even you sleep you are earning but in bounty it is not you time, you need put an effort to post or to do something to earn. It is hard to earn in bounty than mining.

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August 29, 2018, 10:36:49 PM
 #6

It seems like bounties are becoming more and more like mining each day.  Simply not profitable.  The amount of dollars you earn vs the total amount of time you spend completing the tasks is less than minimum wage.  Are you guys moving over to trading or are you sticking it out hoping for better days?

Just try to do a daily trade to earn more and I know that this will be so difficult situation when there was so many untrusted platform tries to created such a scam site and I think that will be very wise for us to sticking into another field just like trade. if you are only doing it and then that will not profitable.


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August 29, 2018, 10:39:45 PM
 #7

It seems like bounties are becoming more and more like mining each day.  Simply not profitable.  The amount of dollars you earn vs the total amount of time you spend completing the tasks is less than minimum wage.  Are you guys moving over to trading or are you sticking it out hoping for better days?


in my country the salary is 200-300 dollars. Bounty is an opportunity for additional income. This is my chance to become richer
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August 29, 2018, 10:41:07 PM
 #8

yea seeing a bunch of jr accounts, there has to be a ton of people out there with multiple accounts cheating kind of sucks but when people see money to be paid they jump all over it.


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August 29, 2018, 10:47:32 PM
 #9

They are profitable if you do your job and do it correctly. You should be participating in as many bounties as you can, but ensure that you only spend your time working with projects that are extremely strong, because right now it's difficult to raise money due to a lot of FUD in the air surrounding the recent SEC delays and ETF rulings. If you're a shitposter who doesn't produce useful advertising, then you don't deserve any bounty rewards either, so make sure you're actually contributing, rather than just spouting useless trash that doesn't help spread the word.

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August 29, 2018, 10:47:54 PM
 #10

It seems like bounties are becoming more and more like mining each day.  Simply not profitable.  The amount of dollars you earn vs the total amount of time you spend completing the tasks is less than minimum wage. 

Yes, I feel the same. The extended bounty and the delay of payment and listing exchange distribution is the reason. I am not sure, the developers always delay the distribution and wait to list to excahnge. Do they need free listing by voting? I think ICO investors will not be interested with slow move of developers. WHy they list and distribute the tokens in exchangers and the price will go up as long as their project is real. If their project scam, everything is worthless.
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August 29, 2018, 10:55:26 PM
Last edit: September 14, 2018, 11:00:03 AM by youdacapt
 #11

The bounties is like a continuous mining and the profits are quite high so I feel that it is balanced with the time I spent taking part in the bounty project, but not all projects run well and not even finish in the targeted time or scamer, so we have to heart in following a good project so as not to lose the time and money we have risked. according to my experience I chose with a large community and manager of a bounty project that was well known for its success.
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August 29, 2018, 10:58:13 PM
 #12

Although the results lately have not been so encouraging, the bounties still have good projects, the ideal is to spend a few hours a day to see if a project will have a future or not and so base our participation in it, everything is being affected by this bear market, the best we can hope is that things will recover soon.
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August 29, 2018, 11:13:45 PM
 #13

I think you are so correct, my friends who join bounty since last keeps complaining of the same thing over and over again, and I think the reason is because of the bear market and the influx of more people into bounty hunting
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August 29, 2018, 11:20:49 PM
 #14

It seems like bounties are becoming more and more like mining each day.  Simply not profitable.  The amount of dollars you earn vs the total amount of time you spend completing the tasks is less than minimum wage.  Are you guys moving over to trading or are you sticking it out hoping for better days?


The reason why the bounty is no longer that profitable is because of the bear market condition and the eth price that just went down, if market turns to bull run, it might be profitable again, so gather as much coins as you and hold

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August 29, 2018, 11:25:42 PM
 #15

If you mean that the trend of bounty hunting and mining based on income. Its a yes, both are the same decreasing in profit from time to time but the value you have gain from the past is soaring high after. Just continue what are you doing right now bounties or mining and you will harvest it someday.
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August 29, 2018, 11:27:55 PM
 #16

I'm still new to these world but i believe more in the investing rather than mining or bounty.
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August 29, 2018, 11:34:51 PM
 #17

It seems like bounties are becoming more and more like mining each day.  Simply not profitable.  The amount of dollars you earn vs the total amount of time you spend completing the tasks is less than minimum wage.  Are you guys moving over to trading or are you sticking it out hoping for better days?

Good comparison. People will make a thread like " Is Bounty Still Profitable?" similar to "Is Mining Still Profitable".
Well for now it's hard to earn from bounty since 80% projects is scam or failed. Have some useless coin on my wallet and don't know what to do with them, I think we have to change people mind to work only if you get paid with the coin that available in the market not a coin from the project itself.
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August 29, 2018, 11:44:09 PM
 #18

I don't think so. Bounty is different than mining. Can you give me a strong reason why you said "simply not profitable"? I think it is profitable, but surely it depends on how your strategy in following an ICO bounty. I will continue my work as a bounty hunter, I am not afraid.
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August 29, 2018, 11:51:11 PM
 #19

It seems like bounties are becoming more and more like mining each day.  Simply not profitable.  The amount of dollars you earn vs the total amount of time you spend completing the tasks is less than minimum wage.  Are you guys moving over to trading or are you sticking it out hoping for better days?


I think this two buddies are different in their form on requires your time and energy. why the other requires your electricity and GPU.

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August 29, 2018, 11:55:31 PM
 #20

Better to just invest with them.
The bounty thing could be your bonus and also a way to know more about their project and be updated too.

1 percent for all the bounties is not that much. So buy some to add to your profits on the future when they get listed om an exchange. I guess a lot of users here have been doing that strategy for some time.

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