General advice for any crypto is don’t put in any more money than you’re willing to lose. Making investment choices for mining can be especially difficult because your ROI on parts will change with the market prices.Well the stuff comes with a risk, it will probably recover sooner or later as it has for years...
I'm seeing a lot of predictions and speculation that it would top 20k, some of the more far out ones even say 100k or other six-figure numbers by the end of this year. Monero is also really profitable to mine right now because of a recent hard fork to prevent ASIC's from entering the market. So if y'all can mine that it's probably gonna be more profitable for a while.As Ryan says this is pretty normal I am not to worried about it I am pretty sure it'll recover. As always do not put in more than you can afford to loose and do not panic sell everything goes down after Christmas and i expect it to start to climb again properly around May then make big jumps as we approach year end.
There's a few ways to lose money with mining. The first concern is the investment in hardware. If you don't already own the hardware, you have the purchase price of the graphics cards to mine, and the computer to put them in and all that. Then you have the electricity cost of running that computer 24/7 -the average for the US is about 12 cents per kilowatt/hour. If the coin you mine loses it's value too quickly or the difficulty is so high you don't get any payout then you start losing money, and it can happen really quickly.Using the Miner costs us nothing but use of our time anyway. We aren't investing anything but time. Freedom is handling the money bits!! Dont worry Freedom Family! We will see a turn around eventually!