Value Of Mining

in #mining2 years ago


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Everyone should try to mine XMR or WOW if for no practical financial benefit then to at least understand the relative difficulty of getting a coin. Rarity or scarcity is very different from difficulty . Two coins might be issued with equal scarcity but where one is fully issued through an ICO or airdrop and another that requires work relative to other users on the network. While in theory the two coins have the same circulating supply the one that was airdropped could be any price whether the airdropped tokens are trading at $0.10 or $100 is based purely on speculation and demand there no reason to say well that price just cant be right. A POW coin on the other hand like WoW one might say if the price is $100 at todays difficulty it doesnt make sense that your laptop would solve a WoW block of like 125 coins once a year and pay for itself many many times over, likewise if the price is too low youll say it took my computer a whole year to mine these coins im not selling them till the price increases. There more than speculation but if all you know is owning coins and not where they come from youll never fully appreciate why its worth what its worth.