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Author Topic: Stop wasting your electricity  (Read 1493 times)
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May 31, 2020, 07:13:33 PM
 #41

It's pity of you gathering these coins thinking that they could reach the level of bitcoin in terms of everything at least the price. Have you seen the entire market loaded of shitcoins already? I wonder why did you do this. There's the bitcoin on top of the market where you can make a profit, or mine (not advisable as the halving already taken place) best that you can is to invest on bitcoin or any other coins that has already a power. You've got no update since 2018 yet you are holding into something that is nearly impossible to happen. I would never wait a year or two for a coin to pump especially when it does have a name at all.

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May 31, 2020, 07:28:25 PM
 #42

if you did not checked which coins are best to mine in a particular moment, then yeah, you are wasting your electricity and should stop
mining is not that profitable any more, nor with BTC, and with other coins especially, but if you follow data and change coins at right moment, it could be profitable enough, depend on electricity costs and mining equipment that you have

did not heard for any token that you mentioned in first post
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May 31, 2020, 08:26:29 PM
 #43

Don't put your money in new coins, that will be hurting you and make you feel angry because you have spend lot of time and money that just for nothing. If you have money just focus on big coin, famous coin that have profesional team since long time. You must be sophisticated investor that know when to enter and get out with profit.
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May 31, 2020, 08:29:55 PM
 #44

I've been sleeping on a false hope for a very long time, I was a fan of new cryptonote coins and I've spend years gathering them, thinking I will be rich one way or the other, I mined coins like

1. Mask Coin
2. Goro Coin
3. Snowflake
4. Recoal
5. Tokl
6. Festival Coin
7. Btor

All these coins are now abandoned and dead, no update since 2018, I'm sharing this today to warn those who still believes in petty coins like these, stop wasting electricity and mine better coins like Monero, Haven Protocol and other popular cryptonight coins or regret later on
To be honest mining even the bigger coins has lost its charm now considering the high costs of equipment, electricity and then the carbon output the only adopted new model with more or less same functions is staking and it is getting popular as the largest altcoin Ethereum is also upgrading to offer pos algorithm.

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May 31, 2020, 08:34:23 PM
 #45

Cannot be more to the point i fully agree with the thread starter and over the years i was advocating against mining useless and low quality coins because it was clear that they will lose their market value over time because eventually there will be sellers and sellers in the market and no real buyers because all these coins have no other usecase, services or ecosystem so there was literally no demand or buyers.

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May 31, 2020, 08:53:35 PM
 #46

All these coins are now abandoned and dead, no update since 2018, I'm sharing this today to warn those who still believes in petty coins like these, stop wasting electricity and mine better coins like Monero, Haven Protocol and other popular cryptonight coins or regret later on

Monero might do good if it doesn't get delisted from every compliant exchange and it might happen if those new strict AML laws go through.

The coins you've listed were bad to begin with and did not even do enough advertising. No big community= no chance to stay on the market for long.
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May 31, 2020, 09:17:34 PM
 #47

I do not know about any of a coin what have you listed here amd you should also leave them all because what is the value behind the coins? PoW is the best consensus what we have, it brings a real value to the coin because miners have to spent something to get a coin.
Yup you are right it is definitely an amazing algorithm but with costs involved and inefficiency of mining with complains of no or low profit pow is struggling to survive and i am sure market is largely moving towards the alternatives i am sure pow will still survive for many years but it is becoming less feasible with every passing day.

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May 31, 2020, 09:34:09 PM
 #48

I've been sleeping on a false hope for a very long time, I was a fan of new cryptonote coins and I've spend years gathering them, thinking I will be rich one way or the other, I mined coins like

1. Mask Coin
2. Goro Coin
3. Snowflake
4. Recoal
5. Tokl
6. Festival Coin
7. Btor

All these coins are now abandoned and dead, no update since 2018, I'm sharing this today to warn those who still believes in petty coins like these, stop wasting electricity and mine better coins like Monero, Haven Protocol and other popular cryptonight coins or regret later on

One funny thing is that i do not know any of those listed coin. So the question is why would you mine blindly? why would you mine all because of mining and not rightly
Always do your own research, and just invest by buying and hodling in a while
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May 31, 2020, 10:09:27 PM
 #49

I've been sleeping on a false hope for a very long time, I was a fan of new cryptonote coins and I've spend years gathering them, thinking I will be rich one way or the other, I mined coins like

All these coins are now abandoned and dead, no update since 2018, I'm sharing this today to warn those who still believes in petty coins like these, stop wasting electricity and mine better coins like Monero, Haven Protocol and other popular cryptonight coins or regret later on

Not just not to mine them, also dont buy them or even accept if someone gives them to you. Focus on the ones that will be here 10 years from now. the ones with community and with use case.
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May 31, 2020, 10:55:04 PM
 #50

I've been sleeping on a false hope for a very long time, I was a fan of new cryptonote coins and I've spend years gathering them, thinking I will be rich one way or the other, I mined coins like

1. Mask Coin
2. Goro Coin
3. Snowflake
4. Recoal
5. Tokl
6. Festival Coin
7. Btor

All these coins are now abandoned and dead, no update since 2018, I'm sharing this today to warn those who still believes in petty coins like these, stop wasting electricity and mine better coins like Monero, Haven Protocol and other popular cryptonight coins or regret later on
You can regret something that you like so much before.  Just look it as the lesson that you should think before act.  Do not spend your time with big eager that will give you bad effect in the end.  Think deeply and wise about everything is the most important thing. 

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May 31, 2020, 10:59:39 PM
 #51

thanks, though dont know those coin, as regards to coin like that they are shitcoin. Shitcoin is a pejorative term used to describe an altcoin that has become worthless. Shitcoin value may disappear because interest failed to materialize because the altcoin itself was not created in good faith, or because the price was based on speculation and the likes
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May 31, 2020, 11:07:20 PM
 #52

I've been sleeping on a false hope for a very long time, I was a fan of new cryptonote coins and I've spend years gathering them, thinking I will be rich one way or the other, I mined coins like

1. Mask Coin
2. Goro Coin
3. Snowflake
4. Recoal
5. Tokl
6. Festival Coin
7. Btor

All these coins are now abandoned and dead, no update since 2018, I'm sharing this today to warn those who still believes in petty coins like these, stop wasting electricity and mine better coins like Monero, Haven Protocol and other popular cryptonight coins or regret later on
Okay thanks for reminding although I didn't hear this coin just now if you are going to mine a coin, mine which is on the top of coinmarket cap so that it will be worth it and not wasted choose other coin if you are thinking you will be rich instant because you mine a coin sorry to tell that you need to work for it or learn from it before you became rich no instant in this world, just leave that coin because it will be worth it anymore.

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May 31, 2020, 11:15:31 PM
 #53

I've been sleeping on a false hope for a very long time, I was a fan of new cryptonote coins and I've spend years gathering them, thinking I will be rich one way or the other, I mined coins like

1. Mask Coin
2. Goro Coin
3. Snowflake
4. Recoal
5. Tokl
6. Festival Coin
7. Btor

All these coins are now abandoned and dead, no update since 2018, I'm sharing this today to warn those who still believes in petty coins like these, stop wasting electricity and mine better coins like Monero, Haven Protocol and other popular cryptonight coins or regret later on
Okay thanks for reminding although I didn't hear this coin just now if you are going to mine a coin, mine which is on the top of coinmarket cap so that it will be worth it and not wasted choose other coin if you are thinking you will be rich instant because you mine a coin sorry to tell that you need to work for it or learn from it before you became rich no instant in this world, just leave that coin because it will be worth it anymore.


That are better coins to be lined if the required gadgets are available. The names of the coins mentioned by the OP are strange and that is why he is experiencing strange things. False hope on false coins. Although, it might not be thatprofitable mining top coins that are already in the limelight, but the are guaranteed. Also, there are better ways of earning, other than that.
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May 31, 2020, 11:19:27 PM
 #54

Mining shitcoins is like buying and holding shitcoins until they get rusted and has no value. In this market, i have learned that if I should go for long on any coin, it must have a reputation and trusted, the same should go for mining.  You are paying the price which I have also paid for holding shitcoins

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May 31, 2020, 11:20:42 PM
 #55

why you should waste time and electricity when you can monitor which coins are best for miners from this site https://whattomine.com/coins

I guarantee mining is still profitable if you choose the right coins  Wink

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May 31, 2020, 11:50:45 PM
 #56

why you should waste time and electricity when you can monitor which coins are best for miners from this site https://whattomine.com/coins

I guarantee mining is still profitable if you choose the right coins  Wink
indeed mining is still profitable but it is very little because when you do mining it must require a very high cost to make electricity payments and repairs on some of the devices used, mining results also need time to return on investment first.

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May 31, 2020, 11:53:58 PM
 #57

Will be honest l have neither any experiences nor any knowledge about listed coins or have heard about some of the mentioned coins. But in my view, there is a high risk to make mining with small coins. Maybe if l were you prefer top altcoins, no doubt they are more profitable than others. New coins are indefinite for mining, they are just new and most of them die after a few months.

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June 01, 2020, 12:14:39 AM
 #58

In my opinion, if you are going to waste electricity you must waste it on altcoins which is on the top of cryptocurrency like you have said monero and many more why do you have to mine to such a coins that yoh have never been heard of so I hope you learn lesson in your experience just make a comeback to mine top altcoins to earn much profit.

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maxreish
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June 01, 2020, 12:20:34 AM
 #59

Look, you can still mine but with different coins that are worth to mine and not that above you have mentioned. Better to change altcoins than to stick and wait for those coins to be valuable. Not just wasting electricity but also wasting time and effort. Or if you don't want to give up mining, why don't you try other fields like trading?
JaoBadjap
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June 01, 2020, 02:01:44 AM
 #60

what you've made is a gamble.
ever since you started to mine this coins.
charge it to experience and learn from your mistake.
now focus on altcoin that's on the top list or with a considerable profit when you mine them.
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