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Title: I must be a glass-half-empty kinda guy... Post by: poby on June 11, 2017, 01:17:31 AM I had a bit over 40 eth until a couple of days ago when I sold 10 to pay for my new rig. Of course withing hours the eth price jumped higher and if I'd waited I would have been over $600 bucks better off. Ah c'est la vie. I was already in profit by almost 400% so I can't complain.
But it got me thinking. If I'm lucky maybe my rig will eventually make enough in dollar terms to pay for itself and little bit more. But will it ever pay me back the eth it cost me? My plan is to mine whatever is most lucrative and use it to buy eth. But if eth keeps rising, I may never mine enough to buy back the 10 that I sold. Eth is currently a bit over $300 now, maybe in a couple of months, it will be $1000. Now if eth keeps going up, it's totally good for me as I'm still holding plenty of eth. I'm not gonna like it if it goes down. But it bugs me that even if my rig ultimately makes me a tidy profit, it might never be as much as if I hadn't sold the 10 eth to build it. I should be pleased at the rising value. But instead, I'm thinking no matter how high it goes, I'm always gonna think "Well I would have 30% more if I hadn't built that rig!" In eth terms, my rig may one day have cost me tens of thousands of dollars. Which is a silly way to look at it. But then... I must be a glass-half-empty kinda guy. Title: Re: I must be a glass-half-empty kinda guy... Post by: DebitMe on June 11, 2017, 01:22:10 AM Thats the same argument that has been going on for years, everytime a new device is released. Will you make more in X coin than you would get if you didnt buy the rig and just bougjt X coin instead. It is a very hard question to answer, but i think GPU will continue to be profitable for quite a while longer.
Title: Re: I must be a glass-half-empty kinda guy... Post by: chancoin on June 11, 2017, 03:16:37 AM I'm on the same boat. If I hadn't sold 10 BTC last year. I would be at $28~29k right now..
Title: Re: I must be a glass-half-empty kinda guy... Post by: antantti on June 11, 2017, 08:59:03 AM I had a bit over 40 eth until a couple of days ago when I sold 10 to pay for my new rig. But it got me thinking. If I'm lucky maybe my rig will eventually make enough in dollar terms to pay for itself and little bit more. But will it ever pay me back the eth it cost me? That is why my miner/ trader history looks like this: 2013 100% miner 2014 90% miner/ 10% trader 2015 80% miner/ 20% trader 2016 50% miner/ 50% trader 2017 10% miner/ 90% trader Never going to be 100% trader though, mining is still quite fun! I don't need to speculate about if/ when crash comes, I am ready for that too, it will be a great opportunity for me. PS. I ROI'ed when ETH was 4,65€ )) |