As being a miner, what can i do when the Eth is falling - page 2.

traderethereum

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Quote from: gathermind on March 01, 2021, 02:35:04 AM

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.

bL4nkcode

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Limited in number. Limitless in potential.

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.

Golftech

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Quote from: gathermind on March 01, 2021, 02:35:04 AM

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.

TopTort777

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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.

bittick

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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.

Yamifoud

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Quote from: gathermind on March 01, 2021, 02:35:04 AM

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.

SaShiRaJaVu

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Quote from: gathermind on March 01, 2021, 02:35:04 AM

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.

paxmao

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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.

serjent05

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Quote from: gathermind on March 01, 2021, 02:35:04 AM

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.

btcltcdigger

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Quote from: gathermind on March 01, 2021, 02:35:04 AM

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?

scottsanderman12

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Quote from: gathermind on March 01, 2021, 02:35:04 AM

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!

JooBra

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Quote from: ultrloa on March 01, 2021, 09:11:54 AM

Quote from: gathermind on March 01, 2021, 02:35:04 AM

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.

menoiazei

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Quote from: gathermind on March 01, 2021, 02:35:04 AM

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

fia_naila

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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.

ultrloa

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Quote from: gathermind on March 01, 2021, 02:35:04 AM

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.

Iyeman

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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.

Jackl87

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Quote from: gathermind on March 01, 2021, 02:35:04 AM

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.

Apostlekin$$$

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Quote from: gathermind on March 01, 2021, 02:35:04 AM

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

Apostlekin$$$

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Quote from: Twinkledoe on March 01, 2021, 05:27:11 AM

Quote from: ?? on ??

Quote from: gathermind on March 01, 2021, 02:35:04 AM

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

deathcode

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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.

Topic: As being a miner, what can i do when the Eth is falling - page 2. (Read 456 times)