Hello Miners.
Just wanted to discuss how some more knowledgeable miners who are mining for over 12 months.
Please share your views
1- Do you think or believe mining Alt Coins or mining from GPU - will ever finish or completely die?
2- You believe difficulty is going to rise, so how would you cope up with it? a) Reinvest in new cards b) Keep on holding the AltCoins that you mined c) Or what.. please advise..
3- With the NetHash pumping... what alternatives do you plan or look in to?
4- If God Forbid, Alt Coins or Crypto Market completely vanishes.. Which is highly unlikely... what risk measures have you pre-planned up..
Thanks in advance for your input...
1. No, there are many altcoins that can be GPU/CPU mined right now. Unless everything dies from an insane solar flare or something there will always be something to GPU mine or unless ASICs are really easy and cheap to make (unlikely).
2. Reinvest. Holding or selling the coins depends on the status of the coin being mined, for example if I were mining XMR right now I would hold but ZCash is in a bear market so I would sell.
3. Buy more cards?
4. Sell those GPUs for some money or rent the computing power out for a decent price.