Quote Originally Posted by Sendo12 View Post
At first, we would think that mining alone would be profitable because of course, you wouldn't have to share the rewards with thousands of other people. BUT that is, if you would be the one to solve the hash first. When you mine alone, you are competing with thousands of people, most of whom are part of a mining pool. Unless you have better hash power than those pools, then mining won't be profitable for you.
Unless you are willing to spend money to the highest extent for all the mining costs, then mining alone will only lose your money instead of earning you profit.