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Title: Beginner miner starting out Post by: CryptoPig333 on March 12, 2024, 09:41:01 PM Hi! New member here.
As the title suggests, I am a relatively new miner, having breifly dabbled with GPU mining back in 2016 but nothing else. I live in a country with prohibitively expensive electricity, and despite this, I purchased a brand new S19J Pro+ late last year as an investment. Recently, I found out about what co-location was, and subsequently sent this rig to a data centre willing to host my miner after it was metaphorically collecting dust in my bedroom for around 6 months. All seems to be going well with the rig, and decided I had larger appetite for scaling this operation, and spoke with some other DCs with cheaper power/better deals. The D/C has ordered two S21s on my behalf to be co-located, and I am very excited. What are some things I need to know before scaling this further, as it seems very simple to just order and bolt-on more miners as time goes by? What is the uplift of holding mined BTC vs selling revenues for fiat as and when you are paid out? Of course price dependent but what is a good strategy that is generally considered sensible. Would appreciate any insight, past experience, or resources you can share. Thanks! Title: Re: Beginner miner starting out Post by: philipma1957 on March 12, 2024, 10:35:31 PM hodl some cash out some.
do not do all hodl do not do all cash out by doing both you have to be part right. what kills in this industry is being all wrong. |