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Title: What is your Mining Strategy / Mindset | Asset Allocation | Current and Future Post by: VyprBTC on January 23, 2018, 02:11:45 AM Well guys and gals - I've often wondered as I see most folks here seem to have all their holdings directly invested into mining gear. Love to get your perspective of why what when - throw it out there.
I'll go ahead and break down my current Crypto Asset Allocation - BTC Holdings 50% ALT Holdings 20% Crypto Trading 10% Mining Equipment 20% My holdings are just that, holdings for long term which I do not foresee exiting for a good time. Crypto Trading is just that, I allocated 10% of my holdings for swing and day trading. Any profits are transferred over to increase BTC/ALT Holdings though. All the earnings from mining are transferred over to BTC/ALT Holdings as well. Currently earnings are about 80/20 BTC to ALT but I do a lot of the time directly hold the ALT I'm mining for a few months, so the ratio changes all the time, but I'm really not cashing out anything. I'm hoping more and more people do less cashing out to fiat and keep their earnings as assets, but I know everyone's situation is different - love to hear what you're mindset is and what your future plans are. Let's get this ball rolling guys. So how are you guys breaking things down, and if you've never really thought about it, I hope this brings it to the forefront of you mind and helps you make better more informed decisions for a game play :) Title: Re: What is your Mining Strategy / Mindset | Asset Allocation | Current and Future Post by: gotminer on January 23, 2018, 03:23:24 AM How do you value your mining equipment? It pushes your btc and alt holdings up daily, if you're not converting to fiat, right? My hardware hasn't paid for itself yet, but I'm not converting anything to fiat either. I'm holding everything I mine for the time being. There will be a point that I will convert to fiat to get my initial investment back into fiat, but now is not the time for that, in my opinion. I did convert enough to fiat back in Dec to cover electricity costs for a few months.
Right now my mining equipment is a big part of my investment, because I just started buying hardware back in November of 2017. However, for the past few weeks, I haven't spent any money on mining hardware, because the hardware out there being sold by the small timers is way too overpriced. When hardware stock is replenished and prices are reasonable, I'll probably try and grab another 12-24 higher end gpu's. Still watching what bitmain is doing. I'd like to get my hands on some asic's, but I probably will wait on that until something replaces the S9. Title: Re: What is your Mining Strategy / Mindset | Asset Allocation | Current and Future Post by: VyprBTC on January 23, 2018, 07:04:08 AM For my mining equipment it has it's own wallets that it mines to and I don't touch those, unless I'm selling a mined coin for BTC - every quarter I recalculate equipment value + wallet holdings then decide how to reallocate the coins. My asset allocation definitely changes, there was a time I was 100% BTC - in reality I'd be better off if I never spent the 50 BTC to buy mining equipment in the beginning lol.
Title: Re: What is your Mining Strategy / Mindset | Asset Allocation | Current and Future Post by: szafa on January 23, 2018, 07:17:02 AM Stop the minning i dont have money to buy home,now i rent house and must pay bills.
Title: Re: What is your Mining Strategy / Mindset | Asset Allocation | Current and Future Post by: Aeon_ on January 23, 2018, 07:31:18 AM BTC+ALT 50%
Mining Equip 50% Now I am mininig ZEN 4days/week, a low market cap coin (XSH) 1 day a week and on Zpool/Mph 2 days a week. |