Hi,
Whens' the best time to sell your hashpower on hashnest? When bitcoin is up or when bitcoin value is down? I was always confused on that.
Is it worth selling all hashpower to get your bitcoins in order to get bitcoin 2X fork.? Seems like the s9 takes more than a year to recoup your original btc investment, so your not able to maximize your revenue due to missing out on the fork coin splits.
Or is it better to keep all your hash power for 3 years or more in order to get the most amount of BTC in the end?
I doubt it'll last three years with the miners on there.
First of all, what miner do you have - S7 or S9.
Both prices are fairly stable but from when I did it here is what I found:
1. Straight before a fork, the price normally sinks.
2. As the value of bitcoin increases, maintenance goes up and the price per hash increases.
3. As the value of bitcoin decreases, maintenance goes down and the price per hash decreases but can stagnate if it's already quite low.
I have three S9's . 37500 hashes total. I am not sure on what the best strategy would be so I would like to get some opinions and insight.
I doubted the S9 would last three years as most people said the hardware is only good for a 1.5 years tops. However they still have the S7's running and those been out for awhile, they do have the cheap electric rates to keep them online longer, Plus value of bitcoin keeps going up and the maintenance to payout ratio actually keeps improving thus keeping the mining rigs online longer. When initially starting the ratio for maintenance to payout was 30 percent and now it's dropped down to 15 percent. Once it reaches 100 percent they turn off the machine so longetivity is looking good. I started in Jan of this year. But of course this wont last forever if bitcoin drops by a lot the maintenance/payout will not look as good
One S9 used to pay out 5 dollars per day when initially starting, Now they are paying out 10 dollars a day due to btc value increase,
Since I never sold my hashes for BTC, I did miss out on potential bitcoin cash and bitcoin gold. It's okay I can deal with missing out on those coins since the value of those is not greatest, but now we have the bitcoin 2x fork which is more valuable than those. Is it worth selling my hashes for bitcoin now to get B2X coins?
Or should I just keep all my hashes and go long on my hashing power but potentially miss out on getting as much bitcoin2x coins?
I remember when the S7s were 75%+ on their maintenance fee. And then the halving caused the productivity to spring upwards due to the price increase in bitcoin and also people turning off/reselling their miners due to the block reward being halved.
The S5 miner on hashnest would still bring in a small profit now, along with the some of the other previous miners.
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