You are viewing a single comment's thread from:

RE: LeoThread 2025-01-22 00:22

in LeoFinance11 days ago

Part 2/8:

The mining profitability calculator can provide a rough estimate of potential earnings, but it's essential to recognize that these figures are often subject to rapid change. For example, during peak periods, certain miners, like Caspa and Alf miners, have generated astonishing returns, sometimes reaching up to $900 a day. However, market dynamics can shift quickly, and prices can plummet, leading to profound losses for miners.

It’s crucial to approach mining with realistic expectations. Manufacturers of mining equipment often leverage these fleeting peaks in profitability to raise prices, effectively putting newer miners at a disadvantage. For those just starting, it may be wise to avoid coins that have recently surged in popularity and are subject to aggressive mining competition.