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Am I investing in mining… or just gambling? (be honest)

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I’ve been seeing a lot of people (including myself at one point) jump into mining thinking it’s some kind of guaranteed money printer.

So I made a quick gut-check list. If most of these hit… you’re probably gambling.

You’re probably gambling if:

  • you bought a miner because a calculator said it was profitable today
  • you have no idea what your actual monthly power cost is
  • you’re assuming the coin price won’t drop (or will magically go up)
  • you don’t really understand what J/TH means, you just picked a machine
  • you chose the coin because it’s “hot” right now
  • you’re expecting ROI in a few months no matter what
  • you haven’t thought about difficulty increasing at all
  • downtime/repairs haven’t even crossed your mind
  • you think this is passive income with zero headaches
  • you didn’t compare multiple machines, just pulled the trigger
  • you’d be stressed if profits dipped for a couple months
  • you’re checking profitability every day like it’s a stock ticker

be honest — how many of these did you check before you started?
and which one actually cost you money?

submitted by /u/Just_Mining_Away
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