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Author Topic: Few questions about mining.  (Read 377 times)
leowonderful
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October 26, 2018, 12:33:08 AM
 #21

If you believe in cryptocurrencies, simply invest and start mining. Do not sell spoil, just collect it. You have cheap electricity so it will not be painful for your wallet. When the market will fly again to the moon, then sell what you have accumulated.


If you believe in crypto, you can also just buy and hold crypto instead of mining. You won't have a break-even period this way in the same way that mining does, and there's initially less risk as it takes time (quite a bit of it) to break even right now, even with cheap electricity. Mining hasn't been very profitable for the last few months, and I've shifted from mining to just buying and holding coins, and doing so has actually netted me a profit whereas I would still not have broken even with GPUs.
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October 26, 2018, 01:00:59 AM
 #22

except, if you've bought crypto last december

it depends on what someone expects. Mining is not for fast profits, it's for a long term passive income. I know of rigs, running since years with some R9 280x GPUs (they were 400usd per piece or something back the days).. well the fans were replaced, but they are still running (only because energy is very cheap where they are) - just passive income - not without a risk.

But if you think about alternatives for passive income - mining is not a totally bad investment (depending on energy costs).

MOAMiner - Automatic Algorithm Switching Software with Online Monitoring - watch our testrigs (http://moaminer.com/public/xMozfE0T)
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October 27, 2018, 05:52:52 PM
 #23

If you believe in cryptocurrencies, simply invest and start mining. Do not sell spoil, just collect it. You have cheap electricity so it will not be painful for your wallet. When the market will fly again to the moon, then sell what you have accumulated.


If you believe in crypto, you can also just buy and hold crypto instead of mining. You won't have a break-even period this way in the same way that mining does, and there's initially less risk as it takes time (quite a bit of it) to break even right now, even with cheap electricity. Mining hasn't been very profitable for the last few months, and I've shifted from mining to just buying and holding coins, and doing so has actually netted me a profit whereas I would still not have broken even with GPUs.

Mining could be considered like hedging of risks. The buying coins can potentially result in total loss of investment. Whereas buying of GPUs (not ASICs) even after 2 years you can sold them at least for 50% of initial cost. In case of working state

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