Searing you selling your miners for a quick profit or letting it mine till it's unprofitable?
As mentioned in other posts... I had 41% tax rate last year with 10% state taxes. Also 25% equipment deduction of gross income to boot.
IF I would have been HODL on the BTC I spent on these 5 units....with 2/3 drop in BTC price in HODL mode and I JUST want to get my USD back (never gonna get BTC
back)
I figure I need 1.11 BTC to pull this off. As a rationalization on the 2/3 BTC drop and the above other hooks. (denial, don't ya know)
I also have 1 decred miner (free for 5 800 bucks 1/2 off coupons) I can toss the decred blades out If in the trash and replace maybe with Jan 1st, 2018 sc1 boards.
I also have 5 slots left in the batch one siacoin miners I have...that is 7 blades or boards...for updates
As to buying the upgrade stuff, if they are reasonable ..maybe...but likely it would have to be less than $1k a board with above for me to pull
that trigger on Jan 1st, 2019, with Baikal, Innsilicon, and Bitmain with likely forked siacoin units in the wind then.
The $$$ made, IMHO, is just too tempting for Bitmain say. They have plants and workers and designers to keep employed. So I think it likely
that they will put something out (Bitmain or whoever) by Jan 1st, 2019 for siacoin forked version. Hell, I'd bet on it.
But again, this 1.11 BTC was if I had HODL'ed BTC at a 2/3 loss around my other rationalizations above (with the 2/3 groan drop in price). So again
I figure 1.11 BTC is my break-even point with all 2017 drama in us dollars (never gonna get the BTC back) ...so that's the plan, for now.
But WTF, they were doorstops the last 2 months, so the ASIC gods have smiled upon me again if I sell them the ASIC gods would probably
be 'miffed' and smite me down.
Stupid has seemed to work well so far.
This entire view and post can change on a whim. I have the attention span and fear factor of a small child...but the plan so far.
I wonder if their switch in the ASIC is such they can FORK again if they need to..that would be nice. (doubtful)
so anyway my dubious plans for now
brad