Topic: Keep mining or buying? - page 2. (Read 570 times)

Excellent analysis. I'd give you merits if i had some.

Just to add, selling off some GPUs now is truly a wise decision because it's value will surely decrease once a new generation of GPUs are released.

Hey Mate

I only have 2 rigs so not comparable with your hawl of vid cards.
Just wondering if you try mine for Type 1 for a while, or point some of your rigs that way.

Not sure if you have heard about the following...
If you take a look at Ravencoin and mine now in the early stages as it only started in Jan you could end up with a big bag for the future.
Remembering the Bitcoin beginnings
Mining Calc: http://ravencalc.xyz/

More details:

https://bitcointalksearch.org/topic/--2752467
https://raven.wiki/wiki/RavenCoin_Wiki …
https://raven.wiki/wiki/Mining
https://raven.wiki/wiki/FAQ


Overstock Interest:
https://crypto-lines.com/2018/02/24/cryptos-ravencoin/amp/?__twitter_impression=true

Dev Meetup
https://www.twitch.tv/videos/229759246

Dear Dtrucksguitarfan,

Thanks a lot for your advice. Indeed, I've been thinking about selling a few of them.

In the other hand, is there any coin that you would recommend to mine for holding? Which coins would you suggest to look at?

Finally, what would be the difference between mining these coins, vs buying them directly as a long term investment?

Kind regards;
Chris

60 cards is quite an investment that you've made.

As I see it, there are two types of miners. 

TYPE 1:  Mines coins based not on what the coin is worth currently, but mines coins based on the change that coin may increase in value at a later time.
TYPE 2: Mines the most profitable coin at that time.

It sounds like you are a type 2 miner.

Based on that, I might consider beginning to sell off some cards and here's why
1. Nvidia will release new cards this year.  I expect the next generation of Nvidia cards to be better at mining ETH than they are now.  AMD is supreme in the ETH mining market, this is why I think Nvidia will seek to make improvements there.  If you are going to continue to mine ETH, I might consider starting to sell some cards off now slowly.  Get some liquid fiat to buy the next gen cards.
2. if you believe #1, then you should also think AMD cards will drop in value after the new Nvidia releases.

Your other option is to begin mining other coins.  Most coins RIGHT NOW wont make you as much daily income as ETH.  However, some of those coins may make you MORE than mining ETH - IF you mind and HODL.   

If you can mine and HODL , there are many opportunities out there.  I've always felt this is where the real mining profits are. However, if you must spend your mining profits monthly, this wont work for you.

Hi everyone,

During the last days I've been mining ETH with 60 Radeon Rx580 cards. But the difficulty has been increasing, at the same time that the ETH prices have been going down.

So, at this point I'm wondering if there's any other coin that could be mined with the same cards and better results, whattomine.com keeps showing ETH as the best option, and personally I don't know any other service alike to see if there's any other option.

Do you believe it would be better to buy ETH directly instead of mining?
Is there any chance that the difficulty/reward changes for better in the future?
What would you advice?

Have a good weekend!
Chris