Topic: Hodling btc vs Hodling hashpower in 2019, thoughts needed. (Read 573 times)
It depends on the amount of hash power you are having available, if your hash power is high I will recommend you go for it, but if low then holding bitcoin will be more profitable because it seems that the bull will happen any time soon
This to me sound like a bad idea, many people would be turning on their mining gear ones the bull kick in and will affect your profit margin, hold on to your coins bird at hand is better then 1 million in a bush, I have done something similar to this and resulted in a huge loss for me because I was unable to recover my loss and also what is your margin of error with your calculation because some of this mining calculators give wrong estimation
if you do target ROI, I think there is another way you can choose. You might be able to use trading to make a profit to buy hashpower, or vice versa. besides that the benefits you get are pretty good from Minning. I suggest prioritizing hashpower if you don't want to be so troublesome.
So I am looking to offload a bit of older gear.
I am holding some coins
I got some newer miners
I am holding some older gear.
And life goes on.
I am holding some coins
I got some newer miners
I am holding some older gear.
And life goes on.
Yes! I do think that a combination of both would even be better also since we just have to find the right balance between these two strategies and making the best out of them would seem to be the perfect game plan!
Just hearing for the first time about a free power source. The crypto market is somewhat unpredictable, but if you would have a free power source as stated and checking other material costs at an affordable price. It would be a good venture. Personally in the area I reside power is very expensive, I would go for btc holding
I think wherever you want to mine and you need electricity there will never be anything that can be free, to build everything you need very large capital, you can use solar panels or solar energy to be able to get electricity but it will not be stable and requires large power. 
yeah you can turn your money that you save to buy some antminer or other mining tools, but if you want to do mining you have to do it seriously and don't just buy 1 or 2 antminer, go 5 or 10 antminer so you can get more profit and the ROI will be faster. hopefully you can get high profits with it all
At least he go with all of his funds in crypto, Surely it will be growth over the time. Everyone will have think about to get more of them after they get profit and feel it. Beside that it would be better if the funds are used for mining rather than just being left in the wallet.
Just hearing for the first time about a free power source. The crypto market is somewhat unpredictable, but if you would have a free power source as stated and checking other material costs at an affordable price. It would be a good venture. Personally in the area I reside power is very expensive, I would go for btc holding
2017-2018 have been the best 2 years for me so far, i managed to make good profit form both mining and trading. by the end of 2018 i have saved a good amount of my hodlings in a cold wallet and decided to never touch that for at least a couple of years.
lately , and given the market condition i have been thinking about shifting to mining full blast mode
I have been running the numbers and it does seem to me like this is the perfect market conditions for me to do so, given the stability of price as well as the difficulty, and since i am pretty certain that the bull market still has months and months to come , my analysis on that is here > https://bitcointalksearch.org/topic/m.49569375
I am planning to use all of my hodlings to buy used S9s
now here are the numbers.
it will cost me approximately 200$ per S9 ( including set up and installation for the quantity am planning to buy, the more the cheaper )
daily profit for 13.5 TH would be 2.22$ = 68$ monthly * power is free
200/66 = 3 months.
so even if price drops from here, difficulty will have to adjust itself and ROI time will be the same more or less.
the only issue that i might face is some gear failure since those will be used gears and can break at any time.
should everything go according to plan , in 3 months i would have the same hodlings back to where they are now, and end up with a good amount of hashing power.
note that i have to go ALL IN for the numbers above to work out, the less risk i take the more it will cost per miner, therefore ROI will take more time which will eventually lead to more risk, giving the fact that there is some initial cost that i have to pay regardless of the number of gears, as well as the miner cost itself.
I would love to hear thoughts from the forum members, do you think this is a good step ? or am i crazy ?
Thanks.
yeah you can turn your money that you save to buy some antminer or other mining tools, but if you want to do mining you have to do it seriously and don't just buy 1 or 2 antminer, go 5 or 10 antminer so you can get more profit and the ROI will be faster. hopefully you can get high profits with it all lately , and given the market condition i have been thinking about shifting to mining full blast mode
I have been running the numbers and it does seem to me like this is the perfect market conditions for me to do so, given the stability of price as well as the difficulty, and since i am pretty certain that the bull market still has months and months to come , my analysis on that is here > https://bitcointalksearch.org/topic/m.49569375
I am planning to use all of my hodlings to buy used S9s
now here are the numbers.
it will cost me approximately 200$ per S9 ( including set up and installation for the quantity am planning to buy, the more the cheaper )
daily profit for 13.5 TH would be 2.22$ = 68$ monthly * power is free
200/66 = 3 months.
so even if price drops from here, difficulty will have to adjust itself and ROI time will be the same more or less.
the only issue that i might face is some gear failure since those will be used gears and can break at any time.
should everything go according to plan , in 3 months i would have the same hodlings back to where they are now, and end up with a good amount of hashing power.
note that i have to go ALL IN for the numbers above to work out, the less risk i take the more it will cost per miner, therefore ROI will take more time which will eventually lead to more risk, giving the fact that there is some initial cost that i have to pay regardless of the number of gears, as well as the miner cost itself.
I would love to hear thoughts from the forum members, do you think this is a good step ? or am i crazy ?
Thanks.
I mine and hold coins but to me its two separate areas of investments.
Mining is a business were you can generate income and is run more like a business. Holding coins is speculation. Comparing thee two is like comparing stocks to bonds. They each have different advantages and risk.
Mining produces daily income but to be long term profitable you have to have low overhead, low electrical cost. Your gear can retain value while it produces income, gear prices fluctuate less then coin prices. With low overhead income can keep coming in even in a bear market.
Buying coins is more speculative, no overhead but you are at the whims of the markets not reliable to produce daily income but your potential long term gains are huge.
Mining is a business were you can generate income and is run more like a business. Holding coins is speculation. Comparing thee two is like comparing stocks to bonds. They each have different advantages and risk.
Mining produces daily income but to be long term profitable you have to have low overhead, low electrical cost. Your gear can retain value while it produces income, gear prices fluctuate less then coin prices. With low overhead income can keep coming in even in a bear market.
Buying coins is more speculative, no overhead but you are at the whims of the markets not reliable to produce daily income but your potential long term gains are huge.
So I am looking to offload a bit of older gear.
I am holding some coins
I got some newer miners
I am holding some older gear.
And life goes on.
I am holding some coins
I got some newer miners
I am holding some older gear.
And life goes on.
If you don't mind me asking how is your power free?
Even with free power I think you will be better off just buying and holding and you also won't have the hassle of dealing with mining hardware.
at the moment I don't think anyone will be free anymore, all of them need costs while doing mining will definitely still cost money whether it is engine maintenance or otherwise it will definitely need costs to be spent on mining.Even with free power I think you will be better off just buying and holding and you also won't have the hassle of dealing with mining hardware.
Mining in fact can not be without costs. The equipment sometimes breaks electricity, too, almost never free. So there will definitely be spending even after purchase.
It's like a car you buy it and then spend money for insurance and gas. Plus the repair and replacement of filters.
If you don't mind me asking how is your power free?
Even with free power I think you will be better off just buying and holding and you also won't have the hassle of dealing with mining hardware.
at the moment I don't think anyone will be free anymore, all of them need costs while doing mining will definitely still cost money whether it is engine maintenance or otherwise it will definitely need costs to be spent on mining. Even with free power I think you will be better off just buying and holding and you also won't have the hassle of dealing with mining hardware.
If I were to be asked about that matter, I would choose to hodl BTC since it has a great potential to fully maximize your profits especially if we base that assumption on its historical volatility as compared to hodling your hashpower because there is also a great chance that profitable coins to mine right now will not be profitable in the foreseeable future and you could end up hodling a depreciating asset such as your mining equipment. Imho.
If you don't mind me asking how is your power free?
Even with free power I think you will be better off just buying and holding and you also won't have the hassle of dealing with mining hardware.
Even with free power I think you will be better off just buying and holding and you also won't have the hassle of dealing with mining hardware.
You are going for a bold move. Bringing a bunch of used gears from China and hope to use them 100% for 3 months it is a risk... have you done it before?
Well I can't deny the fact that it's indeed a bold move, in fact , every move you take towards mining is bold one way or the other
.okay what i did was actually reduce both risk and reward , i had to pay a lot more per miner (of course this includes other expenses )since the numbers i had in mind required a certain amount of gears, so i went in with like 40% instead of 100% , ROI got extended by about 1.2 months based on the initial plan, but with the price rising i am still aiming for about 3 months ( or just a bit more )
i can't say i regret not going all in, , because the btc hodling increased too (dollar wise) , to be honest i am too lazy to do some the math that would suggest if my decision was the best or not , but i am happy with the fact that for once i could resist the temptation of going balls deep into mining.
According to the BitDeer website, they have an L5 on offer. So assuming that isn’t made up marketing by BM, they have an unreleased scrypt miner.
Specs as quoted:
1473 MH/s
1425 W
0.97 J/MH
Specs as quoted:
1473 MH/s
1425 W
0.97 J/MH
if true thats great news as it sucks.
a properly setup l3 + does 500mh at 700 watts or 1.4 J/MH
so the improvement is not much which means the l3+ at low cost price and low cost power is better bet.
Your math is wrong. More like 0.66 J/MHh. So new miner is about 30 percent more efficient
You are going for a bold move. Bringing a bunch of used gears from China and hope to use them 100% for 3 months it is a risk... have you done it before? ASICs usually need repairs after some months/1 year service
Thinking about it, if you do this quickly (before the next bull run), it will pay off to be able to get your investment back and also accumulate before the market starts pumping... but the market trend has already changed, and considering that the bull run arrives at the end of the year/beginning of the next I am not sure that there will be much time left ...
Please share if you jump into the train or not...
Thinking about it, if you do this quickly (before the next bull run), it will pay off to be able to get your investment back and also accumulate before the market starts pumping... but the market trend has already changed, and considering that the bull run arrives at the end of the year/beginning of the next I am not sure that there will be much time left ...
Please share if you jump into the train or not...
According to the BitDeer website, they have an L5 on offer. So assuming that isn’t made up marketing by BM, they have an unreleased scrypt miner.
Specs as quoted:
1473 MH/s
1425 W
0.97 J/MH
Specs as quoted:
1473 MH/s
1425 W
0.97 J/MH
I doubt they can made up something like that, bitmain would lie about anything else but not about a gear they don't have, so it seems like these info are accurate, it's only a matter of when will they release it. thanks for the information.
if true thats great news as it sucks.
a properly setup l3 + does 500mh at 700 watts or 1.4 J/MH
so the improvement is not much which means the l3+ at low cost price and low cost power is better bet.
a properly setup l3 + does 500mh at 700 watts or 1.4 J/MH
so the improvement is not much which means the l3+ at low cost price and low cost power is better bet.
it sucks big time to say the least, i was expecting something more like 3gh for 700w range , at least based on the improvement of the x11, this is also what you got when you used sha miners for reference, this makes me wonder ! how is it possible to improve that much for x11 but not for scrypt?
also giving the above specs, L3++ would be differently a better option specially that new miners usually come at extremely high prices.
According to the BitDeer website, they have an L5 on offer. So assuming that isn’t made up marketing by BM, they have an unreleased scrypt miner.
Specs as quoted:
1473 MH/s
1425 W
0.97 J/MH
Specs as quoted:
1473 MH/s
1425 W
0.97 J/MH
if true thats great news as it sucks.
a properly setup l3 + does 500mh at 700 watts or 1.4 J/MH
so the improvement is not much which means the l3+ at low cost price and low cost power is better bet.
According to the BitDeer website, they have an L5 on offer. So assuming that isn’t made up marketing by BM, they have an unreleased scrypt miner.
Specs as quoted:
1473 MH/s
1425 W
0.97 J/MH
Specs as quoted:
1473 MH/s
1425 W
0.97 J/MH
Jump to: