Eco_111
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November 27, 2020, 05:47:05 AM |
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I still have some GPUs I'm currently mining with, the reason why I can't sell them is because I'm still making money out of these setup, I used the money to buy food stocks for my family every month ending, this is the purpose of building the mining rig, I'm into trading and other stuffs so I don't entirely rely on the mining profits, OP made is choice and it's a good one, we all have our differences why we build mining rigs.
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ethereumhunter
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November 27, 2020, 09:09:24 AM |
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I just hope you don't regret your decision when alts get rekted again. The energy in the altcoin market isn't as strong like previously which got me wondering if they'll still perform like they did earlier this year that saw the birth of DeFi bull run.
I just hope that the OP pulled out his funds before the dip, else he must be crying right now if he bought at the high. I am sure that he will know what he needs to do. Besides that, he already makes a decision, so I believe that he can do his best to profit from investing in crypto. He needs to watch the market and not panic because the crypto market now is down, and makes some people careful in making a decision. But he should not be worried because this will not stay too long. After all, the crypto market will be back to the high price.
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bunglor
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November 29, 2020, 01:49:07 PM |
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that's not an easy decision right? since you will be risking too in investment to altcoins since there's no assurance and it's really unpredictable in terms of its price as long as you made your choice and you won't regret it then that's great.
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xanxus.kun
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November 29, 2020, 02:04:30 PM |
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If you truly believe that you've made the right choice buddy, you don't need a validation here dude. If you've already made a profit with your rigs before then you won. Though its not an easy decision, I'm happy for you, I pray that you'll be able to use the money in something that you can profit as well.
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Paulogo
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November 29, 2020, 03:10:00 PM |
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Great choice. If you believe in it, go for it; that should be the mindset. Worry about nothing. You have made an accurate choice, realizing that you can make much more profit and you went for it without keeping a second mind. If you will take advantage of this altcoin season, you can really make more money.
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Squezzi55
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November 30, 2020, 05:55:40 AM |
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I ended up selling all my mining rigs to to advantage of this altcoin season, some could say it's a stupid move but I did this because it's the best option right now, the profits I'm making from my miners are not that much anymore, it's more like my setups can't keep up anymore, instead of investing on new miners i decide to buy top altcoins like Ethereum, LTC, XRP, BNB, Chainlink among the rest
If you have some old rigs or about to go obsolete setups I suggest you do the same before altcoins reach a new all time high
altcoin season won't last forever but I can make ROI faster than waiting for months or even years to recover my invested money on miners and electricity
Good for you I believe, for me there is no reason to sell my mining rigs for altcoins as I can afford both, if you are lucky enough you will make high ROI back soon, my advice for you is to buy back miners because there will come a time when mining will be just as good as it was some months ago, high profitable mining will come again
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southerngentuk
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November 30, 2020, 06:47:53 AM |
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I ended up selling all my mining rigs to to advantage of this altcoin season, some could say it's a stupid move but I did this because it's the best option right now, the profits I'm making from my miners are not that much anymore, it's more like my setups can't keep up anymore, instead of investing on new miners i decide to buy top altcoins like Ethereum, LTC, XRP, BNB, Chainlink among the rest
If you have some old rigs or about to go obsolete setups I suggest you do the same before altcoins reach a new all time high
altcoin season won't last forever but I can make ROI faster than waiting for months or even years to recover my invested money on miners and electricity
The reinvestment in this way is really cool, seeing that the mining pool has deteriorated you have turned to investing in altcoins, i can see you are happy with that decision, the price has increased greatly significant when you decide to invest in it. A great investment and a good idea congratulations on your success.
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Farma
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November 30, 2020, 07:28:44 AM |
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it's not a stupid decision, in fact I think it's a good thing for now. because currently I feel that doing independent mining is quite costly. if I am in the same position then I will also do the same. however, doing mining independently also has many things to think about such as maintenance costs, electricity, and others.
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kotajikikox
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November 30, 2020, 07:46:48 AM |
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I ended up selling all my mining rigs to to advantage of this altcoin season, some could say it's a stupid move but I did this because it's the best option right now, the profits I'm making from my miners are not that much anymore, it's more like my setups can't keep up anymore, instead of investing on new miners i decide to buy top altcoins like Ethereum, LTC, XRP, BNB, Chainlink among the rest
Actually you did not Do the right choice why?Because you made a "Perfect Choice" because lets admit this that Mining is not that profitable anymore for small scale miners If you have some old rigs or about to go obsolete setups I suggest you do the same before altcoins reach a new all time high
yeah and besides Old rigs won't Give us much income not like this time that if you go with the flow and chance like this are very rare you only need to believe. altcoin season won't last forever but I can make ROI faster than waiting for months or even years to recover my invested money on miners and electricity
This only comes once in a blue moon and not taking the opportunity will be the biggest regret of your life.
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Kong Hey Pakboy
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November 30, 2020, 07:56:59 AM |
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I ended up selling all my mining rigs to to advantage of this altcoin season, some could say it's a stupid move but I did this because it's the best option right now, the profits I'm making from my miners are not that much anymore, it's more like my setups can't keep up anymore, instead of investing on new miners i decide to buy top altcoins like Ethereum, LTC, XRP, BNB, Chainlink among the rest
If you have some old rigs or about to go obsolete setups I suggest you do the same before altcoins reach a new all time high
altcoin season won't last forever but I can make ROI faster than waiting for months or even years to recover my invested money on miners and electricity
I think you definitely made the right choice to sell all of your mining rigs if you think you are not making enough money because you also need to pay the maintenance cost and electricity bill you used in your mining rig. Reinvesting the money you used to sell your mining rigs to buy top altcoins like ETH, LTC, XRP, BNB, and other top cryptocurrencies in the market a good choice because you can be able to double your profit, especially during the bull run.
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Cameron1Love
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November 30, 2020, 08:02:13 AM |
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I ended up selling all my mining rigs to to advantage of this altcoin season, some could say it's a stupid move but I did this because it's the best option right now, the profits I'm making from my miners are not that much anymore, it's more like my setups can't keep up anymore, instead of investing on new miners i decide to buy top altcoins like Ethereum, LTC, XRP, BNB, Chainlink among the rest
If you have some old rigs or about to go obsolete setups I suggest you do the same before altcoins reach a new all time high
altcoin season won't last forever but I can make ROI faster than waiting for months or even years to recover my invested money on miners and electricity
Do you ever know a validator? Its a new way like mining but there is no need high volume of electricity. This process is for the holders of a coin. If you are interested and you have a capital to invest in, Its good to invest your money on the validator. Good to run on the project like Elrond, HOPR and many more.
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KnightElite
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November 30, 2020, 08:17:12 AM |
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Luckily you did that and you are currently happy because of the gains that you received. For me it is all about guts and knowledge, if you have extra money then why not invest it in current trending altcoins. There are a lot of opportunities out there so for me it is better if you have guts to take the opportunities. Risks are normal and every investment have risks and you can lessen that risks if you have knowledge. If you still do not then for me it it not good to put your money in some investments out there because there is a high possibility that you can lose it. Make sure first that you know what you are doing before you put your money because not all of the investments can give you huge returns.
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Sirait
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November 30, 2020, 08:21:02 AM |
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I ended up selling all my mining rigs to to advantage of this altcoin season, some could say it's a stupid move but I did this because it's the best option right now, the profits I'm making from my miners are not that much anymore, it's more like my setups can't keep up anymore, instead of investing on new miners i decide to buy top altcoins like Ethereum, LTC, XRP, BNB, Chainlink among the rest
If you have some old rigs or about to go obsolete setups I suggest you do the same before altcoins reach a new all time high
altcoin season won't last forever but I can make ROI faster than waiting for months or even years to recover my invested money on miners and electricity
^ I think you've done your best for now, why do you continue to maintain things that are not profitable for you at this time, it's better to move for a while and come back later. If you have made a profit from the investment you are currently doing then you can start mining again but with a new concept and pool.
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Kunnu
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November 30, 2020, 08:31:35 AM |
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This is absolutely brilliant decision you have taken good advantage of right time if I was at your place then I would definitely do the same, somewhere I think now you may have much time to make your strategies and picking some suitable altcoins for your investment anyways you have chosen some decent altcoins to buy which may be beneficial for you. Hopefully this decision will be worthy at all.
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mezzaluna
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November 30, 2020, 09:37:11 AM |
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I ended up selling all my mining rigs to to advantage of this altcoin season, some could say it's a stupid move but I did this because it's the best option right now, the profits I'm making from my miners are not that much anymore, it's more like my setups can't keep up anymore, instead of investing on new miners i decide to buy top altcoins like Ethereum, LTC, XRP, BNB, Chainlink among the rest
If you have some old rigs or about to go obsolete setups I suggest you do the same before altcoins reach a new all time high
altcoin season won't last forever but I can make ROI faster than waiting for months or even years to recover my invested money on miners and electricity
That is actually a helpful decision since some mining rigs cannot keep up with the current trend thus it is just creating a more energy costing device for you BUT maybe you should create a Bitcoin mining rig and just join Alternate Cryptocurrencies campaigns since as we have seen from the last quarter of 2017, the rise of Bitcoin greatly affected the rise of most Alternate Cryptocurrencies that really pumped their value. We still cannot say if that is the same thing that would happen now but its better to keep something than lose everything.
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iTradeChips
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November 30, 2020, 10:40:53 AM |
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In my opinion, you made the good choice selling those miners. Simply because these miners can only be efficient if you use many, like those bitcoin factories in China and in some cold countries that I saw in some old mining company ad. I mean the electricity and all other factors are to be considered. So this is good that you sold them, you can simply reinvest the money to the coins that you really like, the top one I mean. Once you have good money and good profit then you can go back to mining again.
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ardentvolcanoes
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November 30, 2020, 12:35:40 PM |
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In my opinion, you made the good choice selling those miners. Simply because these miners can only be efficient if you use many, like those bitcoin factories in China and in some cold countries that I saw in some old mining company ad. I mean the electricity and all other factors are to be considered. So this is good that you sold them, you can simply reinvest the money to the coins that you really like, the top one I mean. Once you have good money and good profit then you can go back to mining again.
You can simply re-invest the money that you've got from those sold miners, you can buy now and while there are lots of potentials that the market will pumped more, the opportunities to earn is possible since the market is moving forward. Choosing the right project for your investment is very important, choose wisely.
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$anounimus$
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November 30, 2020, 12:41:59 PM |
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Don't expect if some bad will happen, it's true to sell it and look for opportunities elsewhere. keep trying what you will do.
Trying something new is not wrong, even in some places trying new things is mandatory, because a person will never know that if he doesn't want to try it, especially in terms of crypto and business, obviously he must be brave to try to do new things.
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JNR
Full Member
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@JNRcryptobox
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November 30, 2020, 12:43:46 PM |
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I ended up selling all my mining rigs to to advantage of this altcoin season, some could say it's a stupid move but I did this because it's the best option right now, the profits I'm making from my miners are not that much anymore, it's more like my setups can't keep up anymore, instead of investing on new miners i decide to buy top altcoins like Ethereum, LTC, XRP, BNB, Chainlink among the rest
If you have some old rigs or about to go obsolete setups I suggest you do the same before altcoins reach a new all time high
altcoin season won't last forever but I can make ROI faster than waiting for months or even years to recover my invested money on miners and electricity
you made a great decisions my friend because trading and investing in the right coins is better than mining
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Oasisman
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November 30, 2020, 12:49:19 PM |
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~snip~
I assume you only have a small mining rig which doesn't seem to make enough profit like when you happen to invest in the right coin at the right season of bulls. Therefore, whichever you prefer depends on how you perceived your future profit. Nevertheless, the market seems to be keeping its upward movement. So, this for sure will generate a huge profit on your end. Win win situation.
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