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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.

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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.

Decentralized
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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

Cause is not before and effect is not after
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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.
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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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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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March 01, 2021, 10:12:08 PM
 #21

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?
Since you are mining you need to have a calculation about how long you can hold the coins, if there is nothing urgent and you have the patience to hold the coins for a longer period of time then it is always a good option to hold the coins for the long term as the market is fairly new and the ETH market is just approaching the fifth year from its inception and if it goes like this the market will rally further in due time.
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March 01, 2021, 10:42:33 PM
 #22

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?
A miner will be a miner, unless if you leave and look for other opportunities.
If you are enjoying what you do(which is very important), you better have to stay in mining. Though it is possible that ETH will dump, it is still a profitable coin that we have. MIning ETH still good at all, it really has huge expenses but you can't hide that miners still making money from this.



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March 02, 2021, 12:32:52 AM
 #23

your goal is to do mining and what your target is every time you get ETH used for, maybe to invest or use to pay for your electricity or others.
at least you should make your initial goal of doing that.
It seems like that if he was only keep all of their ethereum reward from the block. That means if he might paid the maintenance cost us another income other than his mining.
The problem is there will be the time that you can't mine ethereum and that will bring him to the dilemma whether he must sold his ethereum or not but i hope he will still holding his ethereum right now.

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March 02, 2021, 01:20:07 PM
 #24

First you and your gang bought all the GPUs and pumped its prices to the sky, so that not a single gamer could afford to make an upgrade or buy a new gaming pc, then you ask what should you do. If the the amount you mine does not suit you, sell your hardware, or keep on mining for future profit.

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March 02, 2021, 02:26:13 PM
 #25

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

The question here is how long are you in this business? are mining ETH way back or just starting

and worried with how the fluctation and correction is going on right now? For sure those who

Mine last year or much earlier are gainers, imagine how many times the value rises till now.

You can also consider splitting your asset, sell the half and keep the other half, in case another

pumped happened you still have some coins to enjoy.
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March 02, 2021, 07:41:10 PM
 #26

Do you have already in mind? Lots of recommendations and suggestions above  if you can answer those questions then I guess if time to do your part.



If you can sustain and maintain your cost with mining like electricity cost, its okay to hold your eth and wait another 2k or something higher.

But if not, then 50:50 ration is fine, withdraw 50% and pay your fees/cost everything then invest and hold the other 50.
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March 04, 2021, 01:03:30 PM
 #27

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?
How many ethereum you have right now?
If you have many ethereum, I suggest you hold that and not sell if the price does not reach more than $2k or on your target sell price.
It is better to use a small ethereum to sell and take your profit than to sell out all ethereum because we do not know when ethereum price will increase.
If you can still profit from the mining, you can continue to mining ethereum and wait for the ethereum price increase and sell it at a high price.
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March 04, 2021, 01:31:49 PM
 #28

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

Everything will depend on the situation. For example, you mine to earn a living and in this case you need money all the time, in this case it does not matter what price the main thing is to sell ETH and get money for life. On the other hand, you just want to maximize the profit from mining ETH, then you better keep ETH from selling and wait until the price reaps the highest possible result. Of course, this is a risk, but this is the whole interest to get a double benefit, the first from mining, the second from the rise in the price of ETH.
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March 04, 2021, 01:39:53 PM
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The movement of ethereum in the market that looks quite slow is rising slowly not comparable to its rival, bitcoin if I were you i will sell my etehreum assets and move miner to bitcoin because bitcoin miners are better than ethereum in future

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March 04, 2021, 01:54:02 PM
 #30

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?
Obviously there is nothing much you can do, you have to cashout if you require otherwise you just need to wait and hodl all the mined eth especially if you are bullish about it so it is totally your own choice personally im bullish about eth longterm so i will keep holding for now.

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March 04, 2021, 02:28:13 PM
 #31

i am working with different miner of software comparing with one with the hardware. the returns give of chance as might with the future that i might collect enough for sums as i have expends to work on preparing different server of miners to work with the connection on exchanging credit of token.

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March 04, 2021, 02:31:20 PM
 #32

Disclaimer: "I am not a lawyer or financial advisor. I am simply stating my opinion. If you seek legal or financial advice, please consult with your local professional"

I'm not a miner, so I can't give you a definite answer, but I will say this, you could always look into stable coins. Stable coins don't move much between price fluctuations and are a good way to secure a position during a bear trend (run). It's just another option to think about. You could possibly move over  some of your Eth to Stable coins to stabilize the crypto market volatility. Just something to think about mate!

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March 04, 2021, 04:43:01 PM
 #33

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?
How many ethereum you have right now?
If you have many ethereum, I suggest you hold that and not sell if the price does not reach more than $2k or on your target sell price.
It is better to use a small ethereum to sell and take your profit than to sell out all ethereum because we do not know when ethereum price will increase.
If you can still profit from the mining, you can continue to mining ethereum and wait for the ethereum price increase and sell it at a high price.
I go against your idea, if he has a lot of ethereum in his wallet, he should soon split up and start converting to fiat according to each milestone eth is hitting because we had an ideal year for crypto, the altcoin's value has almost recovered relative to its peak, we have spent a long time waiting and continue to waste time waiting is not advised, it is unlikely that next year will continue to be another high point. And even if we make this small mistake, our mining is continuing every day, the amount of ETH per month still allows us to sell at another peak, less profitable but this strategy is safe

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March 04, 2021, 08:45:25 PM
 #34

ETH is falling but not that bad situation . ETH is that coin that you can safely restore and u'hold it.if you want to soyou can mining  and do what ever you can earn? And hold them for a long term.

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March 04, 2021, 09:02:52 PM
 #35

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

If the current correction is delayed, then we can get a strong drop in the cost of video cards, which miners were buying with such excitement. Many miners are likely to panic and start selling their farms on the secondary market much cheaper. And the most experienced and prudent will simply wait out this time and continue to mine coins after a while. Ethereum will of course return its positions, it will not fall much. This is not the first correction and not the last, many traders and miners knew very well that sooner or later it will come anyway.
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March 04, 2021, 09:12:01 PM
 #36


If the current correction is delayed, then we can get a strong drop in the cost of video cards, which miners were buying with such excitement.

Without doing your research and just buying because  you think it's beneficial

things like this will surely happened to you. Strong drop will let you to sacrifice

your investment.


Many miners are likely to panic and start selling their farms on the secondary market much cheaper. And the most experienced and prudent will simply wait out this time and continue to mine coins after a while.

Better understanding to everything before jumping into conclusion, it's unavoidable

as this venue of invesment still uncertain, only for people who can take the big risk

and not afraid of waiting till bounce back happened.


Ethereum will of course return its positions, it will not fall much. This is not the first correction and not the last, many traders and miners knew very well that sooner or later it will come anyway.

very hard and only those who believe that will take this for long term, this current

market movements is not the last, expect for more twist and prepare yourself with

your position to take.
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March 04, 2021, 10:02:10 PM
 #37

if you need why don't you SELL, for now the price of ETH is quite good, it goes up a few%, but if you want to get more profit, just hold it, especially when the FEE of the delivery is very high,

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March 04, 2021, 11:41:11 PM
 #38

if you want to soyou can mining  and do what ever you can earn? And hold them for a long term.
The problem is the mining will not be last forever and he must also try to keep some as his long-term investment in ethereum. Once POS will be fully implemented and miners will be able to get small ethereum from their mining activities and it should be noted if ethereum chain will be running in the hybrid consensus but when it will be fully going to the POS and that will be a disaster.

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March 05, 2021, 01:42:24 AM
 #39

Depends on you my friend, if you believe the price will rise again then you just need to patience and just keep mining and keep calm untill the price ETH rise again.
For me, eth is lil bit shaky because of BNB, i don't even think ETH is good anymore for a long term investment.

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March 05, 2021, 01:50:43 AM
 #40

Maybe just sell some amount that you think enough to keep you going and mining ETH and let hold the rest of ETH when market is bearish. Holding 2nd highest market cap coin doesn't sound too bad and honestly you can also stake it so it's gonna triple the profit when the bull run comes.

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March 05, 2021, 02:16:04 AM
 #41

ETH is falling but not that bad situation . ETH is that coin that you can safely restore and u'hold it.if you want to soyou can mining  and do what ever you can earn? And hold them for a long term.
if ethereum prices fall automatically revenue will decline. and if you calculate in more detail the cost of fixed electricity costs, the income will decrease. correction if it is deeper, of course it will have an impact on BEP which should have been calculated by the minning participants. Minning at this time is still profitable, but if the price is returned to the dump, I do not understand whether it is still profit or loss to pay for electricity
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March 05, 2021, 11:04:52 AM
 #42

Should I sell out all ETH?  Or keep ETH on hand and keep mining patiently in order to come across next bull trend?
How many ethereum you have right now?
If you have many ethereum, I suggest you hold that and not sell if the price does not reach more than $2k or on your target sell price.
It is better to use a small ethereum to sell and take your profit than to sell out all ethereum because we do not know when ethereum price will increase.
If you can still profit from the mining, you can continue to mining ethereum and wait for the ethereum price increase and sell it at a high price.
I go against your idea, if he has a lot of ethereum in his wallet, he should soon split up and start converting to fiat according to each milestone eth is hitting because we had an ideal year for crypto, the altcoin's value has almost recovered relative to its peak, we have spent a long time waiting and continue to waste time waiting is not advised, it is unlikely that next year will continue to be another high point. And even if we make this small mistake, our mining is continuing every day, the amount of ETH per month still allows us to sell at another peak, less profitable but this strategy is safe
No, I do not think that the altcoin price almost ends because I think the altcoin can still increase, especially for ethereum.
He can wait for the next higher price to sell his ethereum as the ethereum price now is at a low price.
The altcoin is still trying to recover step by step, which will not happen in the short term, so I guess that this year will be a good time for the altcoin to increase and reach the peak price.
But he can sell his ethereum if he worries about the next thing that can happen to the crypto market, especially for ethereum price.
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March 05, 2021, 01:28:44 PM
 #43

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

if in my opinion as long as you still get profit from mining Ethereum (the profit you get is greater than your electricity costs), then you better keep mining Ethereum and HOLD until the price of Ethereum increases very high, because I believe the price of Ethereum can increase by at least $2,500 in the future, so you will get a bigger profit from mining Ethereum and HOLD until the price of Ethereum increases to $2,500 or more.

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March 05, 2021, 03:40:15 PM
 #44

In my opinion when ETH is falling you better to sell it right away, what if the bearish market is getting started?, but if you believe ETH will pump again this year then hold your ETH, it seems you don't need money yet so keep hold and I don't see the sign that will go bear market.
Yes he can get his eth now, I don't understand the market now in this week we can see that market is falling, maybe he can sell it or sell the half then wait for eth 2.0 people will start to get back from using eth once all these issues are done ,or as a miner he can continue to mine eth of course, and hold it until a new bull market appears again , but I think alt season is near, maybe what is happening now is just a big correction.
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