You are viewing a single comment's thread from:

RE: Is mining still profitable?

in LeoFinance5 years ago

I remember reading an article that mining wasn't exactly cheap in the US so I never looked into it further. Thanks for the summary.

I will definitely get some more LBI when I can. I made my short-term goal of 50LP which I should hit in the next few days. After that I plan to put it all into LBI until the price changes.

Posted Using LeoFinance Beta

Sort:  

Mining isn't cheap indeed ... the electricity costs are not cheap, the hardware you need is not cheap, and you need a lot of patience.

LBI is a sure bet for gains, it's maybe slower, but it's a sure bet and that's not what we can say from other cryptocurrencies. When the price of, let's say ETH falls down ... your electricity costs won't go down, so then you're mining at a loss.

That's something what won't happen with LBI, as the only thing you need to for LBI is just holding them in your hive-engine account. Easy!

And about your LP, very nice! I hope you're there soon!

Posted Using LeoFinance Beta