Got 65 GH/s at CEX.IO, what to do? | Bitcointalksearch.org

sickhouse

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Quote from: jimmothy on March 03, 2014, 04:19:24 PM

Quote from: sickhouse on March 03, 2014, 03:22:05 PM

Sold the GH/s at a low price, +-0 basically but whatever

Think the BTC will rise during the comming months anyway.

Good choice. A minor loss is small compared to the loss if you would have held cex.io mining shares.

Yeah, owe a friend some BTC but I have over 1 now for the first time \o/ bought it for $500 something TO THE MOON

jimmothy

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Quote from: sickhouse on March 03, 2014, 03:22:05 PM

Sold the GH/s at a low price, +-0 basically but whatever

Think the BTC will rise during the comming months anyway.

Good choice. A minor loss is small compared to the loss if you would have held cex.io mining shares.

sickhouse

hero member

Activity: 490

Merit: 500

Sold the GH/s at a low price, +-0 basically but whatever

Think the BTC will rise during the comming months anyway.

sickhouse

hero member

Activity: 490

Merit: 500

Quote from: Rannasha on March 03, 2014, 11:56:29 AM

Quote from: sickhouse on March 03, 2014, 04:33:10 AM

I'm going away for rehab, at least 1 and a half month for detox, will the price just keep dropping or eventually go up to 0.032 again? Should I put it up for sale when I leave? Looking at the last month it's been dropping, but I make pretty much imo. If I keep it when I'm away I'll propably make at least 0.2-0.4 BTC, but will it be worth it? :/

Of course the price will keep dropping. The price is correlated to the expected earnings and they will go down as the difficulty keeps going up.

The question you need to ask is whether the payout from mining will be larger than the drop price. Typically, the answer is 'no'.

Isn't the current BTC price with in the calculation? In this case it's no, but I got unlucky. I had my chance to make a trade profit but that was the same day I deposited the BTC.. And the price has been going up before even tho the difficulty went up so thats why I am asking. It was actually rising for a while but they put very slim trade ranges today.

Rannasha

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Quote from: sickhouse on March 03, 2014, 04:33:10 AM

I'm going away for rehab, at least 1 and a half month for detox, will the price just keep dropping or eventually go up to 0.032 again? Should I put it up for sale when I leave? Looking at the last month it's been dropping, but I make pretty much imo. If I keep it when I'm away I'll propably make at least 0.2-0.4 BTC, but will it be worth it? :/

Of course the price will keep dropping. The price is correlated to the expected earnings and they will go down as the difficulty keeps going up.

The question you need to ask is whether the payout from mining will be larger than the drop price. Typically, the answer is 'no'.

sickhouse

hero member

Activity: 490

Merit: 500

Wow, haven't been this low for like... ever... 0.0022 per GHS :S

sickhouse

hero member

Activity: 490

Merit: 500

I'm going away for rehab, at least 1 and a half month for detox, will the price just keep dropping or eventually go up to 0.032 again? Should I put it up for sale when I leave? Looking at the last month it's been dropping, but I make pretty much imo. If I keep it when I'm away I'll propably make at least 0.2-0.4 BTC, but will it be worth it? :/

Topic: Got 65 GH/s at CEX.IO, what to do? (Read 877 times)