Bitcoin Arms Race Anxiety...

[VirosaGITS]

Yes your link and the one above were what I was referring to. Used to have Bitcoin Wisdoms price graph up 24/7.

I just wouldn't mine and call it an investment right now, considering my costs + the stepped up cost after a certain level of usage.
I lucked out with mining, didn't make a bunch of coin but didn't lose money either.
I miss it and have been lurking to see if there are any worthwhile machines.

Depending on your electricity costs and location, it might be possible to find a miner that could suit your needs. If you need a sounding board to throw ideas back and forth, let me know.

[_Miracle]

our rate is somewhat reasonable @ .08 pkh but most machines will push the pkh price to .14 (for higher usage)
Your offer is much appreciated.

[VirosaGITS]

our rate is somewhat reasonable @ .08 pkh but most machines will push the pkh price to .14 (for higher usage)
Your offer is much appreciated.

I see, i think that's too much to find any deals that will ROI in 2-3 months and any longer than that, especially at these electricity cost, you're looking at marginal return after you resell the hardware, which would be critical.

In this case if you bank on the S7 not devaluing, you could mine with it for a bit and then resell it before it lose too much value, but 0.1$+ kWh is really eating into any actual profit.

[Amph]

The thing is, you should have bought Bitcoins directly. I mean think of it this way. You bought miners to get the same amount of BTC you'd get if you had just simply spent the money on buying them.

the difference is , after you reach roi, the miners will generate more bitcoin, in comparison to simply buy them, where unless you invest again you won't have more bitcoin then your initial investment

and eventually something like an S7 is bound to reach roi, with its good efficiency, assuming you have a good electricity too

[NorrisK]

Maybe you can still sell your miners for a decent return? Probably best to do it before the halving though.

Then use the money to buy bitcoins, as this might get you closer to your 100 btc goal much faster!

[Mickeyb]

OP, I think that your are over the head with all of this. If I was you, I wouldn't invest a penny more into the mining gear. Mining is highly unpredictable and I understand that it gives you an anxiety, that's normal.

So mine until you can and until it gives you profits, but try to get out of it slowly and in the way that you will get the most of it. If this means selling your rigs at the moment, I would sell them.

I think that you were also very ambitious. 100 BTCs was a big number. But you are finding that out by yourself, since you got only to 10 btcs in 18 months.

Good luck to you anyways!

[RealBitcoin]

Bitcoin could get addictive ,no doubt about it, but we need to secure our bitcoins for now.

See most bitcoins are owned by some oligarchs or the miners, and are stashed in cold wallets.

We need to earn some too, because we move the economy, by doing transactions and building bitcoin businesses.

[OrientA]

It is better not to mine if your electricity is over $0.1/kWh. The big miners have electricity less than 0.05/kWh, so you cannot compete with them.