I've always said you guys need to learn to hedge, sell 6 months of profit.  Long term you just lost  30% of your revenue.

I've been hedge 6 months of income since 55k, closed it at 33k.  I will start shorting again soon.  I open a small position and add to it everyday as long is it looking good. I never understood someone doesn't want to sell their product they are mining, growing ect. when your profits are very high to keep your income high.  

Maybe we get a dead cat bounce and i'll reload.

I've mined with 150 gpus from 2016 until today.  I make all my buys of gear when the markets are "dead".  Bought a lot of 5700s when they first came out making .70 a day.  

Also to lock in profits I've been selling btc short since 54k.  I have hedged out any negative effects of price declines for the next 6 months and will keep adding to my short until the down trend ends.  Often My short potions will balloon into a huge money maker dwarfing my mining income.

Problem is network growth and drive space growth.  I plot 50-70 plots a day and the network is growing so fast my days to find a block are not falling that is 7TB a day in drive space I would need to add to stay even.  Right now I'm at one block every 19 days and that will not pay for new drive space.  I plan on plotting until my drives fill up and see what happens.   

I'm plotting 75-100 plots a day and it just keeping up with network growth.  Thats 7TB a day and thats hundreds of dollars a day I have to add in storage, its not looking good.  Network growth will not stop until mining is barley profitable.

Not susre why all the hate a 14TB HD gernates $900 a month right now.  your not going to be able to gernate lots of income with a small invesment.  My AMD 5950 plots 3-3-4TB a day, that fills a 14TB in a 4 days.  

Same cpu as you but 80 GB of ram and 6 ssds plotting about 18 plots a day.  You will need more ram if you want to plot on a lot of SSDs.  you either need ssds and or M.2 and regulat old HD is way too slow.  I have 3 other machine splotting for around 50 plots a day and I'm always searching for large hdds.

Tried to go check out and I'm an hour late, didn't know the window was that short.  I'll try again and if get one i'll let you know.

I won a 3090 and MOB from the shuffle, not sure I'll buy it.  Sure not going to ROI but it might be cool to play with.

I've been miing on 150 gpus since late 2016 and I'm not adding and I'm selling a few.  Plan on making almost no money, Eth has so much mining power it will crush most coins to near zero profit. 

Not sure who is goign to buy the ASICs with reward reduciotn and POS its a huge gamble.

But profits are taking a hit.  Hash is rising and price is falling, might start to get rough.  More asics with a reward reduction is going to make eth a lot less profitable.  Unless you can get cheap ASICs with cheap electricty I wouldn't add any new hardware.

I built half my farm with 5700s when they first came out making 70 cents a day per card.  Only time I paid over msrp is when I have to replace cards.  Whith this bull market I don't do much except make sure eveything is running.  Bear markets is when I make my moves, with mining and investing.

I love it when crypto is dead and will never come back but on the flip side when people are predicting 500k btc I get very cautious.

Its the dag, my 1070s are also around 25-27.  As far as I know nothing can speed them up.

I can't justify buying AMD now.  Once eth is pos your algos are very limited with AMD compared to Navidia.   

What miner are you using?  T. Rex runs on my 2060 supers at 44-47 but won't run on my 3060s in SMOS.

Microcenter in my town has 3060s for $500, I just picked up one and had a freind buy another for me, they are checking IDs to limit it to one a month, lol.  It will be nice to mine something other then eth, I despise eth devs.

The two 3060s will replace four 1070s that i will sell for more then i paid for the 3060s, lol.

https://cryptonews.com/news/ethereum-moves-ahead-with-plans-for-earlier-transition-to-pr-9607.htm

Ethereum (ETH)’s planned move to a proof-of-stake (PoS) consensus mechanism appears to be gaining further momentum, after developers proposed merging the existing mainnet with the Ethereum 2.0 beacon chain as early as October.


Are we looking at October as a possible time eth mining ends?  If so it might be a good time to start sellling older GPUs and not buying any new GPUs.

I started hedging with btc at 51,500 adding as it goes lower I keep adding. I'm now hedged 2.25 months worth of mning income.  You need to think like a gold miner or farmer and have ability to remove risk from movments in price.  Being able to sell eth at 1,350 3 months from now is looking really good.

3060 might not be bad idea with eth cutting rewards.  I think Octopus prefoms very poorly on most AMD and 1000 series cards, might keep hash power away from a while.

They will sell them after the potability tanks or charge such a high price the prospects of turning a profit are slim.  Similar to the INNOSILICON A11, 20k for a miner that won't release until mid summer protects for ROI would huge gamble, eth better be a 3k for them to ROI.

I have  6800 XT, getting 63 mh at 138 watts in SNOS, seems close to a 3060 ti efficiency wise.  I think the non xt 6800 is the same