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Author Topic: As being a miner, what can i do when the Eth is falling  (Read 392 times)
gathermind (OP)
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March 01, 2021, 07:35:04 AM
 #1

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?
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March 01, 2021, 07:38:06 AM
 #2

It depends on why you are mining, if you want to hold for long term then you can keep storing the ethereum but if your ROI is what you are worried about you should keep changing your eth to usdt or other stable coins, it's what I keep doing on nicehash whenever I earned up to 53$ worth of btc and I instantly change to USDT so price fall won't affect me

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March 01, 2021, 07:47:44 AM
 #3

You should know better than us.

I've seen a lot of articles about Ethereum miners making a lot of money due to the high fees paid by users. The main concern is your liquidity as a miner. Do you have enough fiat to pay the monthly costs of mining like electricity or maybe maintenance? If that's not a problem, you can afford to HODL because ETH could still go back up to $2K (even higher) once BTC starts moving up again.
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March 01, 2021, 10:04:02 AM
 #4

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?
That doesn't make sense if you didn't know what you should do with your ether, I guess even we are in the bearish trend but the price of ethereum is still very good caused by it's still above $1400.
What about your maintenance cost for your mining rig and if you can still gather a lot of profit from your mining and why should not use sell your ether and then mine again with your mining rig? i know that the main concern should be ethereum can move to the POS anytime and this will be a very difficult decision. keep it but when it goes down even deeper and sell some.



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March 01, 2021, 10:23:29 AM
 #5

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?
You are the only one who can answer this question, what is your own plan with your ETH? Why are you mining ETH in the first place? There must be a reason behind this, the next bullrun will take years I want you to know that and now you can still make 2.5$ out of a RX580 or gtx1660 super so it's better to keep mining, bull run isn't done yet and getting ROI back in few months is still possible

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March 01, 2021, 10:27:11 AM
 #6

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?
ETH is always good to hold and store securely, because the token has always had value and interest in the market,
so keep mining patiently and release it when that's really enough for you.

If I am mining eth and holding it, won't sell right now. The possibility of increasing its value in the next coming months is very high, once they launched their berlin hard fork and address the gas fee problem. Won't doubt the capability of eth network to grow as they are one of the solid crypto projects. But if the OP can't wait and has financial needs, he can sell some of it but only what he needs.
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March 01, 2021, 11:11:02 AM
 #7

Personally, I would do the following. I would still collect Ethereum and wait patiently for the Ethereum price to rise. And also invested to get more profit. And the earned Ethereum coins were withdrawn and used for their own needs. So if there is an opportunity to get more Ethereum coins. We need to keep moving in the same direction.
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March 01, 2021, 01:23:28 PM
 #8

if you are forced to not withdraw your ETH and cannot sell it then you must keep it until the market is friendly to you. if you have been mining for a long time, surely you are now also getting a profit if you sell now.
my advice goes to the mining threads on this forum and tries to find out how the miners in this forum give you advice.









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March 01, 2021, 01:27:17 PM
 #9

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?
ETH is always good to hold and store securely, because the token has always had value and interest in the market,
so keep mining patiently and release it when that's really enough for you.

If I am mining eth and holding it, won't sell right now. The possibility of increasing its value in the next coming months is very high, once they launched their berlin hard fork and address the gas fee problem. Won't doubt the capability of eth network to grow as they are one of the solid crypto projects. But if the OP can't wait and has financial needs, he can sell some of it but only what he needs.
I'm guessing you are talking about the EIP1559? Well there is no certainty that ethereum price will surge just because there is ease on gas fee and also do you know that mining reward will go lower once gas fee isn't high anymore? The reason why eth is the most profitable coin to mine presently is simply because of high gas fee

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March 01, 2021, 01:29:53 PM
 #10

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?
Bitcoin is recovering and ethereum price is rising again, ethereum mining will surely become profitable soon just like past days, I would say keep mining and keep storing those ETH, you should only consider selling once Ethereum reach it's ATH of 2000$ again

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March 01, 2021, 01:58:40 PM
 #11

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?

If you mine and keep the ETH that you haved mined for a longer period than you not sell just because your ETH dropped a bit in price recently and i would just continue mining
When you are mining and instantly selling your mining rewards than you should check from time to time if there are other coins that are more profitable to mine at the moment with your equipment.
https://whattomine.com/ can be used for checking.
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March 01, 2021, 02:09:36 PM
 #12

You should not sell it. You can see that this time if the price of ethereum started to be recovered again from the bottom price and that means if ethereum and cryto are always having very strong potential.
You must remember that if ethereum will not become POW forever and there will be a limitation for you to mine ethereum.
WHen POS will come and you will not able to get a lot of ethereum from mining it again.

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March 01, 2021, 02:11:54 PM
 #13

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?

Are you into short term profits or for long term gain since if you are worried for the dump well maybe it's best for you to sell your mined coins so that you can sleep well while ETH is on bad shape.

But you can hold and forget then aim for long term holding then do it since it's much advisable since remember those people who became rich on crypto are the holders.

R


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March 01, 2021, 05:18:22 PM
 #14

If you still believe the price of ETH will rise just Hodl. As a miner you need money management and prediction for the price. When the price fall miner will be lost for their electricity charge, when price up and you got a lot of profit dont spend it to party, keep your profit for the electricity when the price down. In the long run miner will win.

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March 01, 2021, 06:34:23 PM
 #15

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?

Sell ETH for Bitcoin  Wink

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JooBra
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March 01, 2021, 07:11:16 PM
 #16

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?

Are you into short term profits or for long term gain since if you are worried for the dump well maybe it's best for you to sell your mined coins so that you can sleep well while ETH is on bad shape.

But you can hold and forget then aim for long term holding then do it since it's much advisable since remember those people who became rich on crypto are the holders.
I don't do mining but I would take money I invested first then put a mark where I should sell. For me it seems easy but it's easy to speak that only in theory.
scottsanderman12
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March 01, 2021, 07:16:16 PM
 #17

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?
It’s a pointless thing to do. If I were you, I’d hold on to that asset, learn to trade - that would be extra earnings. The price can’t always be sweet!
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March 01, 2021, 07:32:58 PM
 #18

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?

Depends on few factors

1) If you sell now, are you in profit?
2) Can you sustain your mining operation until the next bull run?
3) Do you have reserves to replace/fix your equipment?
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March 01, 2021, 07:38:03 PM
 #19

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?

If you have funds for your mining operation and for your daily life and bills, then there is no harm in waiting for the next bull trend.  You will only regret if you sell your ETH at a loss when the possibility of the ETH market skyrocketing is pretty clear.

And if your budget is limited and not sufficient for your daily needs, then there is no other way but to sell them to fill the funds that you are needing for your daily expenses and monthly bills.

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paxmao
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March 01, 2021, 08:54:00 PM
 #20

Just do not mine unless it is for learning. It is proven that it is always better to buy and hold rather than trying to get you mining income. The only exception is if you have free electricity, in which case you will be able to make some profit.

Rearding selling or hodling, I am not too keen on keeping ether as a speculative investment since Bitcoin is traditionally a better performer and ether is not limited in offer and the strategic path is less known. Probably, the eth network would probably benefit long term to people with holdings of at least USD 60000 willing to create a validator node, but even that is unclear.

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