ALEO is very popular, and there has been an undercurrent in the mining market recently. Many miners are doing very well, and many even say that they can make back their profits within a week.
We must avoid the temptation of profits, and we must understand that money outside of knowledge really cannot be earned, and money earned through luck will really be lost.
There are too many people who were really lucky at a certain period of time and made a lot of money, but no one became rich. No one, so you have to make money. money within the range.
Just this sentence, many people will never be able to learn it in their lifetime. Some people find the very simple principles of investment annoying, but there are really many people who will never be able to learn it in their lifetime.
I know someone who runs a mining farm, mining FIL. The company has been losing money all the way and is still losing money now. I believe that many people who participated in FIL mining have suffered heavy losses.
The project is so popular and the price of the currency is high, how can mining lose money? Because the price of mining machines is not transparent. Bitcoin and Ethereum mining is better, and its machines are very transparent. If you ask a few companies, basically no one will tell you that they are being ripped off. But mining machines other than Bitcoin and Ethereum are very annoying for ordinary people.
One good thing about Bitcoin mining is that it is always the same group of people mining Bitcoin. People outside the circle rarely rush in to mine Bitcoin. Moreover, Bitcoin mining is becoming more and more retail-oriented, and retail investors have no room to survive at all.
Other mining, including FIL mining, has a characteristic that in order to achieve good performance, miners either design many levels or offer very high commissions. Some miners have hundreds of marketing personnel, so they attach great importance to the profits of the mining equipment.
The equipment purchase cost is one million, how much is it sold to retail investors? Two to three million, and some even sell it for four to five million. So, no matter how you make money in mining, you should be thankful if you can get your money back.
Many people ask how can it be possible? How can so many people buy it? That is one point. They use profits to lure you. They tell you that you can get your money back in a week or a month. Then they pat your chest and promise you this and that. In fact, these are useless. No matter what they promise you, their verbal promises are meaningless.
Think about it, he makes back his investment in a month, he makes back his investment in a week, and he guarantees you a profit of thirty or fifty times a year, so wouldn’t he do it himself?
Now many people say that this mining is very profitable, that mining is very profitable. If it is really that profitable, they would have already been mining secretly and would still tell you about it. The reason they tell you is because they are eyeing the money in your pocket.
This equipment will pay back in a week, and he will tell you in plain words, that is, a week payback is nothing, he will make more money by selling the machine to you. So you just need to understand the underlying logic, it is a very simple truth, very simple.
When investing, we need to return to common sense and never be completely attracted by profits. For example, when mining FIL, many miners sold their equipment to customers at two or three times the price. If they sell it to customers at two or three times the price, it would be strange if you say that the customers can make money. It is impossible to make money.
Now ALEO is also like this. Some miners will claim that they are the best. They will tell you that the price of ALEO will rise to one thousand or two thousand. They will tell you that this thing will pay back in a week. Don't believe these nonsense. Everyone should be rational. If they make money like this, won't they make money for themselves? Will they make money for you?
So what kind of people can participate in ALEO's POW mining? Those are professionals who have a certain understanding of the machine and know the price of the machine, or you know professionals in this field who can understand the basic situation of the machine. For those who don't understand, it is really not recommended to participate. It is really not recommended. If you are really optimistic about this project, just buy the coins directly. Mining is really not recommended for ordinary casual players who don't understand the machine and have no channels to understand the real situation of the machine. There are many pits, and they are big and deep.
