Phil and other,
Do you keep some mined ETH or exchange them right away? I remember that Phil has some strategy on it
Do you keep some mined ETH or exchange them right away? I remember that Phil has some strategy on it
This is how I do it.
Cash>bitcoin>ethereum
So I have more cash than bitcoin and more bitcoin than ethereum
I talked with Phil via PM a while back, when I was just getting started, and at that time he told me this:
"I cash four to btc and hold one eth."
I don't know if he still has this strategy or not.
I have sold some rigs for btc
I have cashed in some btc for cash.
I am now turning all eth coin to btc.
so I am:
btc first say 12000 usd worth
cash second say 7000 usd
gpu rigs say 4000 value
s9's + psu's say 4000 value
eth under 1000
I am hoping for a large price increase in BTC
My guesses are just guesses.
I also have value in btc shares at:
mmpool.org
bravo-mining
http://mmpool.org/statistics
Rank Id DGM Estimate PPS Shares Rate (MHash/s)
1 a5d78fff 1.96209724 0.00000000 31,645,438,032 200,268,892
2 c932f3ed 1.50028009 0.00000000 10,960,153,010 0
................. this is me and if we hit a block I get 1.5btc...........
sometime it takes 3000 hours to hit a block so to give a value to that 1.5 btc is hard to do
http://www.bravo-mining.com/index.php?page=statistics&action=pool
Rank Donor User Name Shares
1 jonnybravo 13,851,955,701
2 Songminer.. 10,550,039,265
3 vignesa....... 9,388,162,863
4 Chuckmist3r 8,612,886,539
5 philipma1957 8,156,796,290
same idea here it can take 1000 hours to hit a block. so to place a value on my shares is hard maybe .4 or .5 btc
So all in all I am near 30,000 usd... but the cash of 7k and the pc gear of 4k and maybe 1k in server psus means only 18k is at risk
I have a really good rep on
bitcointalk
macrumors
123macmini
ebay
anandtech
partsexpress
audiogon
so selling pc gear off would not be an issue.
How is the cash at risk? If you don't mind me asking
