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Author Topic: What will you do in this case  (Read 159 times)
Tamedbeast (OP)
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August 12, 2022, 10:51:36 AM
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I can only pay for 12 hours electricity per day so I will be mining Ethereum through 12hrs only, as a rig owner do you think it's worth holding on to my mining rig or I should sell the rig and bit coins instead.
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FP91G
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August 12, 2022, 11:31:28 AM
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I can only pay for 12 hours electricity per day so I will be mining Ethereum through 12hrs only, as a rig owner do you think it's worth holding on to my mining rig or I should sell the rig and bit coins instead.
Do you have expensive electricity and can only mine at night?
I do not understand your problem, so I will give the main opinion.
The mining farm should work 24 hours a day, if you have problems with electricity, then look for other places where you can install your mining farm. If it is expensive or unprofitable, look for other opportunities to earn money.

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arielbit
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August 12, 2022, 11:51:31 AM
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probably a work place where electricity is "arguably" free. if it is, then yes it is profitable enough, the question is, is it worth the hassle?
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August 12, 2022, 12:07:00 PM
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I prefer to pay for electricity rather than steal. If your profit depends on theft, then this is a bad investment.

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odunybiz
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August 12, 2022, 01:07:26 PM
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probably a work place where electricity is "arguably" free. if it is, then yes it is profitable enough, the question is, is it worth the hassle?

Consider the cost of electricity for mining where you are and your mining income. If no profit made, then another alternative way of making money can be sort for.

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VRExpress
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August 12, 2022, 04:46:36 PM
 #6

Which country are you from? I understand that crypto mining can be addictive at times but bro if you aren't making enough money from it look for another way, mining 12hrs per day sucks, remember 360 days make a year and you will end up earning a year worth of rewards in two years. Not good, for me at least but the decision is yours .

Salamande
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August 12, 2022, 05:27:56 PM
 #7

Sell your rig now then, they will lose a lot of value in a month.
marcotheminer
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August 12, 2022, 05:44:49 PM
 #8

Do you have expensive electricity and can only mine at night?
I do not understand your problem, so I will give the main opinion.
The mining farm should work 24 hours a day, if you have problems with electricity, then look for other places where you can install your mining farm. If it is expensive or unprofitable, look for other opportunities to earn money.

A mining farm could actually even only run from time-to-time, just depends on the costs of running it (usually, the biggest factor being electricity).

adaseb
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August 13, 2022, 04:10:48 AM
 #9

He probably has different rates depending on time of day. Some places are like that. Basically peak period which is usually in the afternoon and evening has the most expensive rate than say in the middle of the night. In the middle of the night it’s usually very little demand so his bill is cheaper.

There are scripts you can use which can automatically start and stop mining during certain hours. However with ETH going POS you really are better off selling the rig if you can get a good price.

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mindrust
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August 13, 2022, 04:17:52 AM
 #10

I can only pay for 12 hours electricity per day so I will be mining Ethereum through 12hrs only, as a rig owner do you think it's worth holding on to my mining rig or I should sell the rig and bit coins instead.

Depends… if you are making money from mining then keep mining. Do you have cheap electricity? What’s your hashrate? What’s your rig’s  ROI?

I personally don’t like to waste time with mining. Holding the coin brings less headaches. Your mining devices will need maintenance and they’ll get broken sometimes. You don’t need to deal with this shit when you are a holder.

philipma1957
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August 13, 2022, 10:51:53 PM
 #11

I can only pay for 12 hours electricity per day so I will be mining Ethereum through 12hrs only, as a rig owner do you think it's worth holding on to my mining rig or I should sell the rig and bit coins instead.

Good question.

If the rig is paid off and power is cheap that those 12 hours turn a profit mine on.

If you owe money on the rig selling may be better.

Depends on what you got.

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S3300
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August 14, 2022, 06:15:46 AM
 #12

Are you mining and selling instantly? Then if your income isn't profitable do not bother to continue but if you are mining for holding sake it's better to keep on mining, you will thank yourself for this decision a few years later.

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MetaMii
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August 14, 2022, 01:46:26 PM
 #13

If buying coins is what's on your mind right now then mine some Ethereum and sell or swap to USDT, when another big dip happens use the USDT to buy the coin you have in mind and you still keep your mining rig....Selling is bad idea.

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BitKongy
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August 16, 2022, 11:21:37 AM
 #14

In the next four week to six weeks it won't matter anymore because mining will be less profitable, I think it makes more sense to just sell the rigs right now and buy coins but if you feel like a better solution will come up then hold your rigs and keep mining.
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