In the ever-fluctuating world of cryptocurrencies, where large mining pools dominate, is there still room for the little guys? How can individual miners with limited rigs stay profitable amidst soaring hash rates and energy costs?
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Adaptability and constant learning are essential.
Exploring alternative cryptocurrencies with lower diffіculty levels power be a viable strategy.
It’s a side hustle, don’t expect to get rich quick.
Timing sales with price spikes makes it worthwhile.
Renewable energy is key to keeping costs down.
It’s all about timing the market right, folks.
After reading all your experiences, I feel it’s a mixed bag. Seems like meticulous research and a bit of luck are needed to make it work.
With electricity prices what they are, it’s a thin line between profit and loss. I had to upgrade to more energy-efficient hardware to keep my head above water.
I manage to stay afloat by focusing on altcoins, less competition and still some profit to be made!
Honestly, solo mining hasn’t been viable for years. It’s all about economies of scale now.