"Did you follow through with it? Why or why not?"
The company I am with is no longer mining lucratively – It’s a tough space. 😟
I’ve been mining XYO from the get go (FHR). But for a living? Belum, not yet! 😋 – It ain’t easy to do it for a living. Quite a competitive space. 😓
ROI was never good enough in my region. – Yeah, it’s rough in places where electricity costs are higher. 💸
Did not find a good cloud mining contract – Aren’t most contracts the same? Where you are paid proportionately according to the hash rate you contribute? 🤔
If more energy efficient then yes. – Then profits would go down too, cause it would invite more competition.
Investing in mining equipment would not have paid off in consideration of mining profits. – It would def take some time to breakeven.
big people already doing it. Not for me. – I believe most mining pool contracts reward you based on the hash rate you contribute. 🤔
weird poll, should just be yes or no. Anyway, when I was new in crypto in december 2017, I thought mining bitcoin would be a great idea. So I used my laptop -_- - Hahahaha, if you left that running till today, I doubt it would even return you 0.5 BTC. 🤣
i have and still kinda do think about it. time for a change, although i think it needs to be a combination of works in cryptosphere to maintain my lifestyle. The startup cost is insane, personally, as i need solar panels and such. - Yeah, there is significant capital investment if you wanna do it big scale.
I almost dove in before all the big mining centers were built. Now it's just too expensive to start for myself. – O man, that’s like not buying BTC back when it was a couple hundred dollars. 💸
Nope. It seems to me that you need very cheap electricity and the mining fee paid also changes with the market value of BTC. Deep pockets are needed to ride the many fluctuations – Yeah def, if you want to run a mining pool.
Was curious at one time, but too late in the game to take on seriously, so invested in crypto's rather than mining BTC – I believe most feel the same way too. 🤔
1: Not interested 2: Lack both the technical kills and the computing resources. – Yeah setting up a mining rig isn’t easy.