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RE: Should You Mine Cryptocurrencies? (My Experience And Things To Think About)

in #money8 years ago

True but then if someone has a monopoly with the hashing power, it's kind of the rich stay rich, and the poor stay poor. Only the big businesses can pay for the creation of new mining machines. Everyone else has to stay on the bottom and use what they put out.

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The rich will always get richer if they make the right choices. Money is like stored energy and time. Unfortunately for those who don't have a lot of stored energy and time have to figure out how to get there. It isn't easy condensing time to switch from paying interest to earning interest. It is tough busting out of the middle class rut.

Well said my friend.