Has no one here heard of bitchute, odysee, rumble, brighteon? Come on man!

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[–]JasonCarswell 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (2 children)

Saved and noted. Sounds good, but I also heard there was the problem that there is no maximum limit to the number of Monero coin that can be produced - thus creating problems I fully don't comprehend about scarcity etc..

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

That is true, however mining Monero is VERY difficult and truly is not profitable. That is a fairly tough cap on how much supply there can be.

I mean, if you do everything right, and your power is cheap, you can look at 2-5 years ROI on your equipment by mining Monero, while you are looking at 2-3 months mining Ethereum. At current valuations.

In other words, the only people mining monero are those who know how great the crypto is, and not people who are out to make a buck.

This makes the supply side of XMR (Monero) a vastly different proposition than that of BTC or ETH.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

For example, I'm running a $1000 CAD CPU and it's going to take me a full year to mine a single XMR, which is worth US$ 215 at the moment. That's not counting the RAM or the motherboard, etc. because I can still use the computer for other things while it's mining. 16 cores / 32 threads will do that for you. Still, counting power I won't get my investment back in 5 years' time.

I'm also mining Ethereum, and for that, CAD$2500 worth of hardware is grossing me US$ 320 per month, or CAD $ 480, minus power for a net of 361 a month. But back when this equipment was bought, I was grossing CAD $800 a month with it.

Completely different ball game. The supply of XMR is not constrained as per the coin, but the hardware requirements are the real constraint.