Bitcoin Forum
March 28, 2024, 09:04:24 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What is your Mining Strategy / Mindset | Asset Allocation | Current and Future  (Read 113 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
VyprBTC (OP)
Full Member
***
Offline Offline

Activity: 350
Merit: 100



View Profile
January 23, 2018, 02:11:45 AM
 #1

Well guys and gals - I've often wondered as I see most folks here seem to have all their holdings directly invested into mining gear. Love to get your perspective of why what when - throw it out there.

I'll go ahead and break down my current Crypto Asset Allocation -

BTC Holdings           50%
ALT Holdings           20%
Crypto Trading        10%
Mining Equipment    20%

My holdings are just that, holdings for long term which I do not foresee exiting for a good time.

Crypto Trading is just that, I allocated 10% of my holdings for swing and day trading. Any profits are transferred over to increase BTC/ALT Holdings though.

All the earnings from mining are transferred over to BTC/ALT Holdings as well. Currently earnings are about 80/20 BTC to ALT but I do a lot of the time directly hold the ALT I'm mining for a few months, so the ratio changes all the time, but I'm really not cashing out anything.

I'm hoping more and more people do less cashing out to fiat and keep their earnings as assets, but I know everyone's situation is different - love to hear what you're mindset is and what your future plans are. Let's get this ball rolling guys. So how are you guys breaking things down, and if you've never really thought about it, I hope this brings it to the forefront of you mind and helps you make better more informed decisions for a game play Smiley
1711659864
Hero Member
*
Offline Offline

Posts: 1711659864

View Profile Personal Message (Offline)

Ignore
1711659864
Reply with quote  #2

1711659864
Report to moderator
1711659864
Hero Member
*
Offline Offline

Posts: 1711659864

View Profile Personal Message (Offline)

Ignore
1711659864
Reply with quote  #2

1711659864
Report to moderator
1711659864
Hero Member
*
Offline Offline

Posts: 1711659864

View Profile Personal Message (Offline)

Ignore
1711659864
Reply with quote  #2

1711659864
Report to moderator
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711659864
Hero Member
*
Offline Offline

Posts: 1711659864

View Profile Personal Message (Offline)

Ignore
1711659864
Reply with quote  #2

1711659864
Report to moderator
1711659864
Hero Member
*
Offline Offline

Posts: 1711659864

View Profile Personal Message (Offline)

Ignore
1711659864
Reply with quote  #2

1711659864
Report to moderator
gotminer
Member
**
Offline Offline

Activity: 644
Merit: 24


View Profile
January 23, 2018, 03:23:24 AM
 #2

How do you value your mining equipment?  It pushes your btc and alt holdings up daily, if you're not converting to fiat, right?  My hardware hasn't paid for itself yet, but I'm not converting anything to fiat either.  I'm holding everything I mine for the time being.  There will be a point that I will convert to fiat to get my initial investment back into fiat, but now is not the time for that, in my opinion.  I did convert enough to fiat back in Dec to cover electricity costs for a few months. 

Right now my mining equipment is a big part of my investment, because I just started buying hardware back in November of 2017.  However, for the past few weeks, I haven't spent any money on mining hardware, because the hardware out there being sold by the small timers is way too overpriced.  When hardware stock is replenished and prices are reasonable, I'll probably try and grab another 12-24 higher end gpu's.  Still watching what bitmain is doing.  I'd like to get my hands on some asic's, but I probably will wait on that until something replaces the S9.


Ok, I want you to walk back in there and very calmly, very politely tell the risk assessors to fuck off! -Mark Baum
VyprBTC (OP)
Full Member
***
Offline Offline

Activity: 350
Merit: 100



View Profile
January 23, 2018, 07:04:08 AM
 #3

For my mining equipment it has it's own wallets that it mines to and I don't touch those, unless I'm selling a mined coin for BTC - every quarter I recalculate equipment value + wallet holdings then decide how to reallocate the coins. My asset allocation definitely changes, there was a time I was 100% BTC - in reality I'd be better off if I never spent the 50 BTC to buy mining equipment in the beginning lol.  
szafa
Hero Member
*****
Offline Offline

Activity: 812
Merit: 500


View Profile
January 23, 2018, 07:17:02 AM
 #4

Stop the minning i dont have money to buy home,now i rent house and must pay bills.
Aeon_
Jr. Member
*
Offline Offline

Activity: 30
Merit: 1


View Profile
January 23, 2018, 07:31:18 AM
 #5

BTC+ALT 50%
Mining Equip 50%

Now I am mininig ZEN 4days/week, a low market cap coin (XSH) 1 day a week and on Zpool/Mph 2 days a week.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!