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I do some mining and my biggest worry is always the volatility as I need to make sure I have the btc every month to convert to fiat to pay electricity. We can all predict our payouts a week in advance and more. With the volatility how many miners hedge using vanilla options or something else to get a more guaranteed payout?
This is a problem of Bitcoin in general at the moment not just the miners. You are pretty much taking these risks when you start mining and when you invest into mining gear. That's why you need to try and have as much of the ROI as possible with the cheap electricity, etc. So you can hedge as much as possible in the event that there is a big drop in price. In this way you won't get affected this much.
Mining is a tricky business my friend and I don't know how much is this a smart decision. Many people lose money in mining, I guess the least risk are taking the Chinese because of their cheap electricity.
Good luck!
first of all if you have not a big farm, there is no need to worry about it, because with a small farm i'm sure you can pay the bills with your wage coming from a regular job
if you're all-in with mining and you're farm is very big , you know that you've already roied with your equipment, so basically you can roi on every new device you add in a matter of hours
the last thing is, very cheap electricity help a lot, any big farm out there is working with 0.05 per hour, for example a 1 peta farm is earning 8.8 btc per day while consuming only $650 in electricity per day
they have enough margin to sustain high volatility
if you're all-in with mining and you're farm is very big , you know that you've already roied with your equipment, so basically you can roi on every new device you add in a matter of hours
the last thing is, very cheap electricity help a lot, any big farm out there is working with 0.05 per hour, for example a 1 peta farm is earning 8.8 btc per day while consuming only $650 in electricity per day
they have enough margin to sustain high volatility
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