Should I mine Monero 2018 | Monero Difficulty is crushing Monero mining profits right now!

in #crypto7 years ago

Should I mine Monero in 2018? If you are thinking about mining crypto currency with a CPU or a GPU right now, especially on older equipment, then you are probably thinking about monero . It is an ASIC resistant crypto coin that can hash even on the oldest of machines, but are those machines profitable right now?

If you are thinking about monero mining then you should look at how rising difficulty is hurting monero profit. In this video I look at the rise of Monero difficulty and speculate that the rise is being caused by a phenomenon called botnets. These botnets were once primarily used to conduct DDoS attacks on websites but have they been turned to a new purpose?

I will also look at daily profit on Monero for a rig running 6 MSI rx 580 AMD gpu cards so you will have all the information you need.

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