I am mining monero. Hold or keep the setting to convert to BTC?

[HITTI2]

I am using https://www.mining-dutch.nl solo mining. Monero atm is $322.05. CPU and GPU.


The miners are producing 6000 h/s.

Should I keep the dutch-mining setting to convert to BTC automatically? Or set to keep "if I find a block" hold Monero and not convert?

I understand it could take 6 months to find a block etc.

[MAAManda]

Should I keep the dutch-mining setting to convert to BTC automatically? Or set to keep "if I find a block" hold Monero and not convert?

It should all depend on your preference, right?

If you consider Bitcoin (BTC) a safe haven for storing value, then you should choose Bitcoin (BTC). However, if you specifically want to hold Monero (XMR), then choose Monero (XMR) without having to automatically convert to Bitcoin (BTC). It's not difficult to choose, because it really should depend on preference.

[avikz]

I am using https://www.mining-dutch.nl solo mining. Monero atm is $322.05. CPU and GPU.


The miners are producing 6000 h/s.

Should I keep the dutch-mining setting to convert to BTC automatically? Or set to keep "if I find a block" hold Monero and not convert?

I understand it could take 6 months to find a block etc.

Not sure about the mining company but whether you want to convert it to Bitcoin or not, depends on your requirement.

Monero has several benefits over Bitcoin. But Bitcoin has higher potential to make you rich. So choose your preferred coin based on your requirement. If you want anonymity, stay with Monero. But if you want to just hold for longer term, choose Bitcoin.

From my personal experience, 6000 h/s isn't much useful.

[passwordnow]

What's your long term plan? and how much does it cost for your electricity? if you're profitable. Convert some in BTC while keeping the rest in Monero. Maybe a split of 50/50 for BTC and Monero is an ideal setup while continuing doing that. Personally, I'd keep some monero for preference holding while paying the expense with it and if there's still left more, I'd no doubt going to convert that into Bitcoin.

[milewilda]

Should I keep the dutch-mining setting to convert to BTC automatically? Or set to keep "if I find a block" hold Monero and not convert?

It should all depend on your preference, right?

If you consider Bitcoin (BTC) a safe haven for storing value, then you should choose Bitcoin (BTC). However, if you specifically want to hold Monero (XMR), then choose Monero (XMR) without having to automatically convert to Bitcoin (BTC). It's not difficult to choose, because it really should depend on preference.

I would say the same thing when it comes into this aspect on which it would be that everything depending into someones preference when it comes into this manner on which if you do see yourself having those doubts on holding XMR then you can always opt out and made out some direct conversions to Bitcoin whenever you have that mined up that enough and made out those exchange but if you do have that interest and confidence about holding XMR then it would be that up to you. No one could be able to tell on what he should gonna do and it would be best that we should be doing things on what we do have in mind rather than on ending up on regrets just because you havent done something that you do really want. I've been through different situations on which it do lead me out with some regrets just because of some hunches and advises that i have tend to follow on.

Always be that go with your own preference on which just like been said that you wont be having any issues or regrets at the moment that things turned out to be opposite on what you had predicted.
Always stick on where your instincts or intuition would be that wanting on which it will be basing up on different factors.

[MAAManda]

Always be that go with your own preference on which just like been said that you wont be having any issues or regrets at the moment that things turned out to be opposite on what you had predicted.
Always stick on where your instincts or intuition would be that wanting on which it will be basing up on different factors.

True, it will always be a regret if we follow whatever other people say & it turns out that what we think or predict actually happens. To do this, we need to understand our end goal. If it's for storing value, Bitcoin (BTC) is better. However, if you have other goals, like Monero (XMR), then stick with $XMR, as I mentioned in my previous reply.

[asriloni]

Should I keep the dutch-mining setting to convert to BTC automatically? Or set to keep "if I find a block" hold Monero and not convert?

I understand it could take 6 months to find a block etc.

Just convert it to the BTC instead of keep it on Monero. I'm feeling so skeptical with Monero with more and more Cexes are delisting it from their site. The less cex, the less volume. it's also getting harder for you to cashing out your money.

The only best i can tell you is that converting your Monero to BTC, and leave it alone.

[BenCodie]

Do you value privacy, do you think privacy has value, and do you think Monero will remain the leader for privacy-focused blockchains? These are the key questions to answer for your decision. There is no advice that is certainly the best advice, though if I were to make an opinion, 25 - 75% conversion to Bitcoin is probably the appropriate range.

[JeromeTash]

Have you taken a look at the charts from the time this bull run began? It appears to me that bitcoin has been doing quite well as compared to most top altcoins including monero. If I were you, I would keep converting to BTC

In case there is an altcoin season, i don't think Monero will pump as hard as the likes of say Solana.

[DeathAngel]

I would leave it to convert to Bitcoin. Monero is a great coin, it's an amazing privacy coin but its strengths are its weakness. Governments hate it & have effectively forced most exchanges to delist it through regulations because they are so scared at how good its privacy features are. I don’t think Monero will be able to thrive & increase in price significantly so converting to Bitcoin is better.

[TastyChillySauce00]

Definitely convert it to BTC, you can rebuy monero anytime anyway but BTC is the most high performing crypto up till now even keep breaking all time high right now.

As of now i'm speaking 100% of people are in profit since the price is breaking ATH.
We're talking about profit here so conversion is definitely the better choice.

On the other hand if profit isn't really your concern I guess you can just delay the conversion.

[Trêvoid]

I am using https://www.mining-dutch.nl solo mining. Monero atm is $322.05. CPU and GPU.


The miners are producing 6000 h/s.

Should I keep the dutch-mining setting to convert to BTC automatically? Or set to keep "if I find a block" hold Monero and not convert?

I understand it could take 6 months to find a block etc.

hold Monero if you believe in its future; convert to BTC if you want quicker