Topic: MINING difficulty increasing (Read 535 times)
this certainly a balancing act....generally speaking, can one make enough on a monthly basis to cover all these cost and still earn a bit to maintain a near average standard of living?
with the level of mining difficulty increasing fro bitcoin, what's the best approach to mining and which equipment's provide the best results in the process
you are new and can not join this contesthttps://bitcointalksearch.org/topic/difficulty-contest-sept18-prize-a-sealed-trezor-wallet-picks-are-closed-2188103
but I ran them for years
difficulty ebbs and flows but in general it goes up.
realize you don't know more then a few weeks and also realize with the pressure cause with the creation of BCC/BCH
all known rules of the diff have been altered.
I try to thread water cash most of the coins earned and hold some coin.
Hoping to make some money each day. but if coins go way up I have the extra coin for big profit.
New gear is not important as gear will no longer get much better.
Working gear
Low power
slow exspansion
how to handle the coin you earn
1)hold some of the coin to be cashed only when price moves up a lot.
2)sell enough coin to turn a monthly profit over monthly costs
3)sell some more coin to pay off the machines you have
4)sell some more coin for slow expansion
5) sell some more coin to replace dead gear
With the level of mining difficulty increasing for bitcoin, what's the best approach to mining and which equipments provide the best results in the process.
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