Sell GPU Miner or keep it?

[inF1704]

Hello guys,

currently im reading a lot about Ethereum´s change from PoW to PoS and the coming difficulty Bomb in December. I have one perfect adjusted Miner with 650Mh/s in Ethash, 12x RX5700 and I bought it in January this year for 7kEuros. Im still in profit with this miner. I kept all the mined ETH.

Actually I have the chance to sell this miner for 11k€ but im unsure about what to do. Sell the miner and buy BTC to hodl or keep the miner and hope that I can get as much of ETH as possible.

For me there is one unclear component. It`s the difficulty Bomb that will be launched in December this Year. I can`t find any infos about how fast the difficulty will grow and at witch point it´s not worth anymore.


What would you do?

Sell it and buy BTC or ETH?

Keep the miner and run it until ETH2.0 or change to another Coin with PoW?

Cheers

[kevinovecka]

Hello guys,

currently im reading a lot about Ethereum´s change from PoW to PoS and the coming difficulty Bomb in December. I have one perfect adjusted Miner with 650Mh/s in Ethash, 12x RX5700 and I bought it in January this year for 7kEuros. Im still in profit with this miner. I kept all the mined ETH.

Actually I have the chance to sell this miner for 11k€ but im unsure about what to do. Sell the miner and buy BTC to hodl or keep the miner and hope that I can get as much of ETH as possible.

For me there is one unclear component. It`s the difficulty Bomb that will be launched in December this Year. I can`t find any infos about how fast the difficulty will grow and at witch point it´s not worth anymore.


What would you do?

Sell it and buy BTC or ETH?

Keep the miner and run it until ETH2.0 or change to another Coin with PoW?

Cheers

Yeah, but they are talking about this for years and did nothing so far...
But I recently sold my GPU miners.
It is better to buy and hodl crypto than mining it, I think and as I did calculations.
If you don't need to use that money buy some btc or eth and in the end it will be better.
And you have nice situation- you will have profit from mining and also from GPUs that you will sell for higher price.
And other coins than Btc, Eth, Ltc are not worth mining I think.

But you have to decide yourself my friend
Good luck

[layoutph]

If you are going to mine Bitcoin or Ethereum I bet you wont earn that much due to cost of electricty. If I were you , I would simply mine newly gems coin like Nine Chronicles. For now, the value of its coin is not that big, but you can get huge profit once it reaches its ATH.

[passwordnow]

Hello guys,

currently im reading a lot about Ethereum´s change from PoW to PoS and the coming difficulty Bomb in December. I have one perfect adjusted Miner with 650Mh/s in Ethash, 12x RX5700 and I bought it in January this year for 7kEuros. Im still in profit with this miner. I kept all the mined ETH.

Actually I have the chance to sell this miner for 11k€ but im unsure about what to do. Sell the miner and buy BTC to hodl or keep the miner and hope that I can get as much of ETH as possible.

For me there is one unclear component. It`s the difficulty Bomb that will be launched in December this Year. I can`t find any infos about how fast the difficulty will grow and at witch point it´s not worth anymore.


What would you do?

Sell it and buy BTC or ETH?

Keep the miner and run it until ETH2.0 or change to another Coin with PoW?

Cheers

I'll sell the miners and keep the profit in btc and ethereum, I'll divide the profit. And since you're in both profit, kept all the mined Ethereum and upon selling the rig, you shouldn't have any problems selling them in profit and it's okay that you don't rush.
Because you can also keep it running until 2.0 comes if that's still profitable to you and you'll still find someone to sell those rigs then. The mere problem is about disposing the rigs quickly but if you're in no rush, both can work for you.

[ymckartal]

Hello my friend,

I have never won so far. If I had won, I would definitely buy ETH as an investment. in a steady and continuous growth trend. It is the only coin in the second place after BTC. In the coming months, maybe it will compete with BTC head-to-head.

[Wakate]

If you are going to mine Bitcoin or Ethereum I bet you wont earn that much due to cost of electricty. If I were you , I would simply mine newly gems coin like Nine Chronicles. For now, the value of its coin is not that big, but you can get huge profit once it reaches its ATH.

Since he had never complained about electricity been an issue, I can advice op to keep mining since the cryptocurrency market has started going bullish making the price of the mined cryptocurrency more valuable. This should planned. If he discovered that the mining tool will be outdated by December, I think he can sell it but not, maybe wait for a while. Making g good research can also help to know the current news of the Ethereum block chain.

[OgNasty]

I think the least risky thing to do would be to sell it now and enjoy your profits.  Maybe even stake that ETH you make from the sale so you can continue earning ETH even without mining.  If the ETH price and difficulty go up enough, you might even find you're making more from staking that ETH than you would have mining with your miner.

With GPU miner prices being absolutely insane right now (but seemingly dropping by the day) and everyone expecting ETH to rise more in price, I think selling is probably the right move at the moment if you have a good buyer on the line. 

If you like mining as a hobby though, you might find yourself going through withdrawals after you find yourself minerless.

[seleme]

Unless you are mining the new altcoins, it doesn't worth it except you have the access to cheap electricity. Iran and other third-world countries have access to cheap electricity but you have to prove you are not going to use this for mining due to government rule. There are gem altcoins that worth pennies but it can grow 5 or 10 times if you have made a proper investment choice. Depending on your experience, invest in the industry you know well otherwise you will get REKT sooner or later.

[stomachgrowls]

Hello guys,

currently im reading a lot about Ethereum´s change from PoW to PoS and the coming difficulty Bomb in December. I have one perfect adjusted Miner with 650Mh/s in Ethash, 12x RX5700 and I bought it in January this year for 7kEuros. Im still in profit with this miner. I kept all the mined ETH.

Actually I have the chance to sell this miner for 11k€ but im unsure about what to do. Sell the miner and buy BTC to hodl or keep the miner and hope that I can get as much of ETH as possible.

For me there is one unclear component. It`s the difficulty Bomb that will be launched in December this Year. I can`t find any infos about how fast the difficulty will grow and at witch point it´s not worth anymore.


What would you do?

Sell it and buy BTC or ETH?

Keep the miner and run it until ETH2.0 or change to another Coin with PoW?

Cheers

Your choice since its your miner or money had been used to buy those miners but as you mentioned you are still in profits or had already achieved ROI then for me its better to mine ETH as much as

you can until that ETH 2.0 comes in December.You do still have 2+ months left to mine but if you are really eager on owning bitcoin then you could simply make out some conversion out of those

ETH that you had mined earlier to accumulate bitcoin- does depend on you but if you are in a rush then you can sell off those miners but why it becomes more expensive?
10 months of use shouldnt really be that have high resale value even you do say that GPU demand and price becomes high.

[inF1704]

Thank you all for your feedback, it helped me a lot to find a decision. Additionally I did some calculations based on the monthly difficulty increase without having a look at the difficulty bomb. Conclusion is to sell now and convert all the money half BTC and half ETH.

This will maximise the profit especially when BTC/ETH will reach new all time highs.

As I´m a technician and I like to improve mining hardware and software I will step back in mining later. Later means after ETH2.0 or in a bear market when all the GPU prices are down and mining isn´t profitable. GPU Prices are now at a peak and buying second hand GPU`s after this crazy run to build a new Rig would be my choice.


Cheers

[Dinda mayasi]

Everyone already knows, now there have been many good tokens popping up. Some are Defi-based (either BSC or Stellar Lumens networks). So save me, just sell your miner tools, and the potential token assets next year will increase 10-fold for example. Or join the presale at IDO or ICO like the coin I support Legendary Lion. The current price per token is 7$, but later it will rise an estimated 3 to 5 times the price.