Quote:
Originally Posted by MikeRoth
Mining bitcoin is a waste of time and effort. Even if you have ASIC miners. It's 10x more profitable to mine litecoin and exchange for bitcoin. Would you rather mine 2 litecoins a day at the exchange of 0.027 or mine 0.002 bitcoins a day with the same hash power?
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To each his own, It really depends on why your doing it, Or if you have enough hashing power to spread around. Some early adopters are actually doing it because they believe in Bitcoin itself and not strictly for short term profit, I'm in it for the long term, Because I believe in Bitcoin.
I cashed in a handfull or so a couple of years ago when it spiked to 32$ and that covered my power consumption for a couple of years, And then I just cashed in another handfull at $250, And that'll cover my power for a bunch more years. It all depends on your long term plan.
Don't get me wrong, I have one of my rigs mining Litecoins too.
