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davemanet (OP)
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November 29, 2017, 07:11:32 AM |
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Hi All,
I'm wondering what your thoughts on are mining+holding vs Mining+selling for parts?
I see that some people like to mine and hold their coins. I don't understand how that is better than mining, and then buying more parts to mine faster.
I'm curious what others think so we can all understand a little more about the pro/cons of both.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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kapipindot
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November 29, 2017, 07:42:27 AM |
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Mining and buying new parts provides steady profit but has 8-10 months ROI at best per card. On the other hand, mining and holdling coins make the better profit provided that you have chosen the right coin. It also has a big risk when the price of the hodled coin drops, profit also drops. It maybe best to invest on expanding the mining rig rather than hodling coins IMO. Steady but sure profit is better for me. But if you are good in hodling/trading then the other option is better.
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P00P135
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November 29, 2017, 08:35:17 AM |
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Hi All,
I'm wondering what your thoughts on are mining+holding vs Mining+selling for parts?
I see that some people like to mine and hold their coins. I don't understand how that is better than mining, and then buying more parts to mine faster.
I'm curious what others think so we can all understand a little more about the pro/cons of both.
Most people just use 6-24month no interest financing to fun their mining operations. This way you can hold and pay it all off when its time. Some people can afford to mine/hodl while bleeding electrical fees. Others need to mine/sell to pay bills. |
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KaydenC
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November 29, 2017, 09:03:24 AM |
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Let's assume a card pays for itself in 6 months, and after 6 months it has a 25% depreciation.
If you have 1 ETH now worth $450 USD and you buy the GPU worth $450.
6 months later you have the GPU (worth $337.5 after depreciation), plus you have earned $450 in fiat assuming it did pay for itself in 6 months, and you sold everything once mined.
In this simplified scenario you have $337.5 + $450 = $787.50
If you choose to hold 1 ETH, and after 6 months it's worth less than $787.50, then it's better if you bought a GPU.
If that ETH shot to the moon and is at $2000. Obviously it's better to hold.
We just can't predict the future.
For me I tend to sell on price spikes and buy gear with it. During down time in ETH prices, I mine and replenish more stock of ETH up till it equals a certain percent of my mining investment.
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CryptoWatcher420
Sr. Member
 Offline
Activity: 462
Merit: 258
Small Time Miner, Rig Builder, Crypto Trader
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November 29, 2017, 09:22:46 AM |
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Hi All,
I'm wondering what your thoughts on are mining+holding vs Mining+selling for parts?
I see that some people like to mine and hold their coins. I don't understand how that is better than mining, and then buying more parts to mine faster.
I'm curious what others think so we can all understand a little more about the pro/cons of both.
combination of both works best:D |
6pin to EPS 12v 4+4pin w/pigtail & 2.5mm barrel plug for Pico Psu for SERVER PSU ONLY GPU MINING RIGS! | Donations: BTC- | Join Me on Discord! https://discord.gg/VDwWFcK |
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sundownz
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November 29, 2017, 01:50:48 PM |
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Mining and buying new parts provides steady profit but has 8-10 months ROI at best per card. On the other hand, mining and holdling coins make the better profit provided that you have chosen the right coin. It also has a big risk when the price of the hodled coin drops, profit also drops. It maybe best to invest on expanding the mining rig rather than hodling coins IMO. Steady but sure profit is better for me. But if you are good in hodling/trading then the other option is better.
I am simply not seeing such poor ROI as to take 8-10 months to pay off the system even now. For example I built a new 3x VEGA-64 system for mining Intense (ITNS)... looking at ~4 months to get my money back from that system even if ITNS price does not rise. My nVidia systems mining on ZPOOL are similar as well. |
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halker2010
Sr. Member
Offline
Activity: 532
Merit: 250
The harder your life is the more meaning it has.
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November 29, 2017, 01:56:38 PM |
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at the end of the day its wishful thinking , being optimistic and some math with x dollar per day - x dollar per day cost of electricity to make a profit but right now there are better solutions to this just by holding ,staking and masternodes.
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Tszunami98
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November 29, 2017, 02:23:43 PM |
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I think that you should try to reinvest until the point that you feel you can get enough coins to mine.
If you have 2,3 6,10 cards...i think it would be better to sell as soon as you can buy another card.
If you have 500 cards...obviously you can lay back and just mine and hold.
Basically, it all depends on your personal level of confort and the amount of coins you will be happy to mine monthly and hold. Anyway , i would personally will never recomend to stop reinvesting...
I heard someone saying this and stuck to me:
Instead of getting the golden egg, you should get the Goose that lays the golden eggs.
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davemanet (OP)
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November 30, 2017, 01:40:29 AM |
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Let's assume a card pays for itself in 6 months, and after 6 months it has a 25% depreciation.
If you have 1 ETH now worth $450 USD and you buy the GPU worth $450.
6 months later you have the GPU (worth $337.5 after depreciation), plus you have earned $450 in fiat assuming it did pay for itself in 6 months, and you sold everything once mined.
In this simplified scenario you have $337.5 + $450 = $787.50
If you choose to hold 1 ETH, and after 6 months it's worth less than $787.50, then it's better if you bought a GPU.
If that ETH shot to the moon and is at $2000. Obviously it's better to hold.
We just can't predict the future.
For me I tend to sell on price spikes and buy gear with it. During down time in ETH prices, I mine and replenish more stock of ETH up till it equals a certain percent of my mining investment.
what percent do you think is good? everyone else has good input. now i understand why it makes sense to hold coin. i've been selling coin and buying new equipment but i'm going to cut back and hold for a bit. |
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leowonderful
Legendary
Offline
Activity: 1624
Merit: 1129
Bitcoin FTW!
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November 30, 2017, 02:00:59 AM |
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Really depends what you're comfortable with. Nobody can predict the future and there's no guarantee coins you hold will be worth more in the future. I personally tend to mine and continue to expand on operations. I'd try doing a bit of both and seeing what works out.
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karmakeddon
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November 30, 2017, 02:08:01 AM |
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For me, it depends on what coin you are mining and how many different coins you are mining. I myself mine Eth and XMR on two different machines and I tend to hodl them both. The only time I sell is if I need to buy parts for my machines or for some other things that I do not want to use my funds from my work.
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