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Author Topic: Closed my small family farm, sold out rigs, and buy in!  (Read 19139 times)
Nivelir
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January 18, 2019, 12:06:30 PM
 #81

Recently it has become unprofitable, I heard about this problem. Although I have never done mining, I think that today as a whole it is already losing interest. Therefore, probably the period when mining was popular has passed.
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drrekkty
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January 18, 2019, 12:35:29 PM
 #82

It is something I expected to happen, because crypto prices aren't reasonable for home miners.
All of my friends related to mining abandoned this activity and it seems for me that it is not profitable . To my regret it is so
raven7886
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January 18, 2019, 02:16:49 PM
 #83

I think ethereum could be a good option. It wouldn't be too far from the old days you know. If someone has mined altcoins before they are somewhat familiar with making a return on their investment, if you invest into ethereum right now that means you will be making money thanks to staking when it starts. You are not going to make a lot of money but your ethereum will be basically mining ethereum for you.

That way you will be investing into something that is projected to x10 when bull comes, investing into something that's staking itself and making more money and investing into something that is not too far from what you used to do and gives you a reason to check the wallet every 15 minutes when you are bored. If you have too much money than DASH masternode could be the same logic as well.
labenea
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January 18, 2019, 02:28:10 PM
 #84

right decision. Surely you do that based on the market down? yes I'm sure that's your reason. it doesn't matter if your decision is like that, because a bad market makes mining revenues uncertain, a good step is to buy altcoins while there are still opportunities. I suggest buying altcoin ethereum and xrp because both of these coins have great potential in my opinion and you better research them first.

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Denreal
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January 18, 2019, 03:00:54 PM
 #85

OP, you should have considered running the two at the same time. Your farmland is capital asset, which hardly or does not diminish, while cryptocurrency is a digital asset that is volatile.
Yes, you can make it big in cryptocurrency and still buy back your farm, if you truly understand crypto.
The reason you should not leave your farm, is because you may not be able to predict what the outcome or status of market would be.
burky156
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January 18, 2019, 03:39:42 PM
 #86

Yes, the mining situation came to end 5-6 months ago. I used to have small mining history too, with two PC and 14 screen cards i was mining ethereum but now oth two machine closed and waits me in storehouse and i am thinking about the selling them. But even i sell my system i would never invest to altcoin today.

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January 18, 2019, 04:37:22 PM
 #87

Yes, the mining situation came to end 5-6 months ago. I used to have small mining history too, with two PC and 14 screen cards i was mining ethereum but now oth two machine closed and waits me in storehouse and i am thinking about the selling them. But even i sell my system i would never invest to altcoin today.
but nevertheless, you still invested your money in the extraction of ethereum, Avito computer equipment maintenance, including electricity. Even the mined ethereum was not given to you in vain.

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January 19, 2019, 10:32:21 PM
 #88

If you are a newbie in crypto, it would be better to buy top altcoins and bitcoin. You can open coinmarketcap and find the most famouse coins. After you can buy which ones you would like.
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