Topic: Mining coins save or sell it? - page 17. (Read 106756 times)
I think bitcoin mining is still profitable, remember bitcoin prices have reached $ 4200, if the cost of electricity is not more than 10 cents then with S7 bitmain we can already RoI about 4 months.
Its better to save it, because as the time pass by the price of the coin get higher and higher. So if that happens so will get a big profit in it. Saving your coin is not that bad, but in the otherhand if you really need money just sell it. Selling it is not that bad idea too.
I've sold 3 units of S7 that I have, although bitcoin prices are very expensive but the bitcoin bit of difficulty is also increasing. in addition, the cost of electricity is also very expensive so as to make net profits continue to fall.
It would be better that you will save it so that you will gain more profit that selling it right away. But the problem is you have to pay for your electricity bill and to cover that expenses you need to get it from the coins you mined. That is why its not advisable to do mining when your electricity rate is high. I suggest its better to do trading that mining instead of buying mining rig use the money to buy altcoins instead.
your mined cash can better be saved because it is not in a position to mine right after the halving you could do it but will go to sluggish as you have observed following the halving.
Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.
Can orther explain about its a good point else about the risk its to high to lose to lot on it?
If you are mining some nice altcoins then the best thing to do is to hold, I will recommend that you also mine some bitcoin and you use that to pay for your expenses, that way when the alts go up you will have a nice stash that you can sell for a big profit. Can orther explain about its a good point else about the risk its to high to lose to lot on it?
I think it's better to sell, for a safer step, we never know what happens with bitcoin for the future, because of fluctuations in the value of virtual currency that is not yet certain.
I think that it is better to save your coins than sell it. As you can see, most of the coins increase increase their prices after a period of time. Unless you really need money, do not sell your coin. Since I do not have a great capital to buy my own mining rig, I choose trading and as a veteran trader, I can say that the marketcap always increase
I will second you. Till the time you really need to sell the Bitcoin, better keep it. Rather instead of selling them go for buying more and more Bitcoins, as much as you can. This is the best way of earning more and that too in less span of time.At least I have to return the initial capital, then I have to keep the asset up to 100% of the coin, and after that I will sell it continuously to buy bitcoin, every mined alctoin still has to be converted periodically into Bitcoin, we no longer need to see the latest coin prices are accepted as they continue to produce.
These are all up to the miner's economical situation. If he doesn't need fiat Money, he can hold what he mines with his GPUs. This way, he takes risks, but, on the other hand, he may be able to catch the opportunity to get rich in the future too.
That is right. It depends on the expection of the future price. If they think it will rise, they will mine it even if the profit is lower. That happens to the Bitcoin Cash.
I think that it is better to save your coins than sell it. As you can see, most of the coins increase increase their prices after a period of time. Unless you really need money, do not sell your coin. Since I do not have a great capital to buy my own mining rig, I choose trading and as a veteran trader, I can say that the marketcap always increase
I will second you. Till the time you really need to sell the Bitcoin, better keep it. Rather instead of selling them go for buying more and more Bitcoins, as much as you can. This is the best way of earning more and that too in less span of time.At least I have to return the initial capital, then I have to keep the asset up to 100% of the coin, and after that I will sell it continuously to buy bitcoin, every mined alctoin still has to be converted periodically into Bitcoin, we no longer need to see the latest coin prices are accepted as they continue to produce.
These are all up to the miner's economical situation. If he doesn't need fiat Money, he can hold what he mines with his GPUs. This way, he takes risks, but, on the other hand, he may be able to catch the opportunity to get rich in the future too.
I think that it is better to save your coins than sell it. As you can see, most of the coins increase increase their prices after a period of time. Unless you really need money, do not sell your coin. Since I do not have a great capital to buy my own mining rig, I choose trading and as a veteran trader, I can say that the marketcap always increase
I will second you. Till the time you really need to sell the Bitcoin, better keep it. Rather instead of selling them go for buying more and more Bitcoins, as much as you can. This is the best way of earning more and that too in less span of time.At least I have to return the initial capital, then I have to keep the asset up to 100% of the coin, and after that I will sell it continuously to buy bitcoin, every mined alctoin still has to be converted periodically into Bitcoin, we no longer need to see the latest coin prices are accepted as they continue to produce.
Until now we need to do is to help save all bitcoin we earned since we put together for the incoming halving we want more bitcoin to make much more income in the time of halving.
The incoming halving is three years away, why do you need to worry about it now?
Until now we need to do is to help save all bitcoin we earned since we put together for the incoming halving we want more bitcoin to make much more income in the time of halving.
I think that it is better to save your coins than sell it. As you can see, most of the coins increase increase their prices after a period of time. Unless you really need money, do not sell your coin. Since I do not have a great capital to buy my own mining rig, I choose trading and as a veteran trader, I can say that the marketcap always increase
I will second you. Till the time you really need to sell the Bitcoin, better keep it. Rather instead of selling them go for buying more and more Bitcoins, as much as you can. This is the best way of earning more and that too in less span of time.At least I have to return the initial capital, then I have to keep the asset up to 100% of the coin, and after that I will sell it continuously to buy bitcoin, every mined alctoin still has to be converted periodically into Bitcoin, we no longer need to see the latest coin prices are accepted as they continue to produce.
I think that it is better to save your coins than sell it. As you can see, most of the coins increase increase their prices after a period of time. Unless you really need money, do not sell your coin. Since I do not have a great capital to buy my own mining rig, I choose trading and as a veteran trader, I can say that the marketcap always increase
I will second you. Till the time you really need to sell the Bitcoin, better keep it. Rather instead of selling them go for buying more and more Bitcoins, as much as you can. This is the best way of earning more and that too in less span of time. 
IMO, anyone (including the miners) who is selling the coins right now is committing a grave mistake. But I know that the situation can get really difficult for the miners. They have huge capital cost in the form of mining rigs, and additional cost for electricity and manpower. An ideal solution in my opinion would be to sell 50% of the coins immediately, and to keep the rest in cold storage.
Yep, only holding your coin when mining will make you met many problems because if you do not have a huge capital for payment cost electric bill, you cannot keep your mining in long time and also take big loss is possible if the worst situation happening - your coin holding drop down. Whatever you would have mined since 2015 (as the thread was started then), you must have got some real handsome profits atm because most of the alts too had some serious rallies in the past few days. But it is my serious advice to you or anyone involved in Bitcoin mining activities to please hold their Bitcoins currently as the price will not be this cheap [YES I MEAN IT, IT'S STILL CHEAP ATM].
Of course, if guy listen advise to hold BTC:)
and other coins toooo... hope his mining capacity increased and he don't make foolish decision of selling miners and BTC
It is good to hold bitcoins, but don't forget that mining is usually expensive... So most of miners have to sell at least half of their coins so that they could pay for electricity fees and such. But if they would have enough money, of course it's better to hold them.
IMO, anyone (including the miners) who is selling the coins right now is committing a grave mistake. But I know that the situation can get really difficult for the miners. They have huge capital cost in the form of mining rigs, and additional cost for electricity and manpower. An ideal solution in my opinion would be to sell 50% of the coins immediately, and to keep the rest in cold storage.
I think that it is better to save your coins than sell it. As you can see, most of the coins increase increase their prices after a period of time. Unless you really need money, do not sell your coin. Since I do not have a great capital to buy my own mining rig, I choose trading and as a veteran trader, I can say that the marketcap always increase
Whatever you would have mined since 2015 (as the thread was started then), you must have got some real handsome profits atm because most of the alts too had some serious rallies in the past few days. But it is my serious advice to you or anyone involved in Bitcoin mining activities to please hold their Bitcoins currently as the price will not be this cheap [YES I MEAN IT, IT'S STILL CHEAP ATM].
Of course, if guy listen advise to hold BTC:)
and other coins toooo... hope his mining capacity increased and he don't make foolish decision of selling miners and BTC
I don't have any knowledge of mining so will not invest any money in it without any knowledge and also the electricity cost is too high in my country so I will stay away from mining and instead I will buy more bitcoins and save it for future and meanwhile will go for investing in trading from where I can generate regular profits.
Yes, very few users are good in technical aspects about bitcoin. Only those users will be making themselves involved into bitcoin mining. Rest use the different ways of earning and in my opinion it's good to save what they get from mining. That's why I stay away in this way of making money because I feel I do not have the knowledge to run this business profitable.
We should do what makes us happy because if it's your passion, earning money is easy for you.
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