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Mining investments

Discussion in 'Mining' started by Brokens, Dec 27, 2018.

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  1. Brokens

    Brokens Member

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    Hey guys!
    As we all can see the market is still negative and many people panic sell everything they invested before. But there are also many of those, who decided to invest in different coins while they're quite low.
    As I've read on Cointelegraph the devices for mining also became cheaper as people refused of the mining idea in order not to lose more than you earn.
    Isn't it a good chance to buy these machines for lower price in order to mine when the market will recover again? Or there's no sense in mining anymore?
     
  2. Maivary

    Maivary New Member

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    Investment in unknown coins is very risky, and start mine something today is border line insanity.
     
  3. Brokens

    Brokens Member

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    I didn't tell about unknown coins. I was speaking about coins people believe in. And what concerns mining I'm not sure that it's a good idea now, but if the market will recover it can have place again. No?
     
  4. JohnCena

    JohnCena Member

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    Even with the lowest price at farms mining is still a non-profitable activity. People now looking for easier ways
     
  5. Maivary

    Maivary New Member

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    Market recovery will take long time, maybe several years
    I don't think people have so much patience
     
  6. Brokens

    Brokens Member

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    So you believe they will simply refuse from that idea??
    And what? Several years? Are you serious?? ha-ha. Okay, that niche is not for you.
     
  7. JohnCena

    JohnCena Member

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    Most of the world's population now keep their assets in banks for a 5+ years. I think that several years would't be a big problem
     
  8. FelixFelicis

    FelixFelicis Member

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    All money operations are investment, so 2 years is not so long for profit
     
  9. Robinst

    Robinst Member

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    I don't think that mining nowadays can give you more profit than trading.. It's better to learn the market and earn on investments and changes of rates.
    It's the best time to start now.
     
  10. Brokens

    Brokens Member

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    That's right.
    Do you believe that crypto can replace fiat money and centralized banks?
     
  11. stan.distortion

    stan.distortion Active Member

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    Electricity costs. If your electricity costs nothing then eventually graphics card mining would turn a profit, if you're mining with electricity bought from the grid then you need psychiatric help.
     
  12. JohnCena

    JohnCena Member

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    Why not? All this can happen, but not now. Cryptocurrency and its understanding must firmly settle in the human consciousness. Before what happens this will take many years.
     
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