Crypto mining slowing down
Good day fellow Steemians,
My short journey with mining cryptocurrency is starting to turn into one of dedication, as
the profits have been halving in one weeks time. This has not stopped me from continuing
with this new hobby of mine as it has not weakened my views towards cryptocurrency as a new
form of exchange and value.
My plan of starting small is making things more difficult as the profit to expense ratio
is ever shrinking, but this will lead to a good character building experience as well as
making efficiency sound like a fun day out.
Hope those of you still in the mining business stick around for some good and bad times.
Hope you all have a blessed day*
That means the method of generating altcoin is no longer based on how much computing power you have, but according how much altcoin you obtain and then generate the new coin according how much portion you obtain.... And soon Eth will becom Proof of stake and the mining difficulties will become more difficult. So I think is it to end for mining altcoin using mining mechine....
So only the big guys can profit from mining? People like genesis mining, or am I not understanding you correctly.