Hi guys I just found out about monero recently. Love what you all and the devs have built and I really believe in it.
So I downloaded the chain and set up a wallet. Then I downloaded xmrig and started mining. Mining is supposed to be helpful to the network by making it more decentralized right?
But at this point I’m kind of discouraged in mining as it is so inefficient. My room gets so hot and it says I’m making $0.45 per day lol. There is just no way to break even its like burning money. I liked how monero is anti asic and tries to prefer CPU so that “anyone” can mine.
The reality seems that only a centralized few will ever be able to mine monero successfully. For everyone normal you’re better off just purchasing the currency.
Am I getting something wrong or is this the reality of the situation?