mining is nonsense nowadays. You can get more coins buying them then mining them. The psicological reason why people mine at a clear loss considering what i said before, is that they have invested a lot of money. Turning mining rigs off and buying coins is like accepting a fail for that investment.
It is what it is. People continue mining so as not to get frustrated with a failed investment.
Summer is comming. There is no economical reason to continue mining. Heat is going to harm you life , specially if you have your mining rigs inside your house. The best option right now is to turn them off unless prices skyrocket. only in that case i would even turn them on.
Since that is NOT GOING TO HAPPEN not at least in the next 2 years, your machines are just ok off.
Topic: Planning for summer 2019 - page 4. (Read 12733 times)
I think summer is the season that i will close my rig due to hot weather and it will consume more electricity plus need extra fans to cool down the rig i thin the expenses is not worth it to mine this summer 
Yeah in summer it will be wrong decision to do mining. Cause in summer weather become very hot and there need much electricity.
Just bought a water cooler for my detached garage, without it temp will go to 120. Keep my 75 gpus and 4 ASIC running.
I have planned to move to Alaska (or other cold place for that matter) with my mining rig.
Jk I don't even have mining rig lol
Jk I don't even have mining rig lol
I see a good pump this year so I buy extra mining rigs and also want to spend some vacation while my brother takes care of mining machines . Time to rest this summer and experience it. I am planning to go to my province and spend the summer with my relatives.
The market pumped a bit lately and hopefully the recovery will continue and the price of the coins will further increase and the mining will be profitable again even with the required cooling included during the summer .
I'll probably shut down the rest of the few machines I still have as I'm expecting a warmer summer than usual where I live, and I don't want to turn on the AC just for a few GPUs and ASICs. Might become a bit more profitable to mine in the future if coin prices continue to rise upwards as I'm expecting them to (longing BTC and ETH on Bitmex as a result), but I'll likely go on vacation and turn them off for a month or two anyways.
I didn't mine before, but, i think that you just shall mine an altcoin if you have a good mining rig. Just invest your mining power into an altcoin and leave the coins in your wallet for an other time, why losing the time and shutting down your mining activity when you just can change the pool/the coin. I think that there's alot of good choices out there so try not messing up.
If the air conditioner needs to come on, then my profitability calculation changes. The way I figure it, the AC unit needs about as many watts as my GPU miners use to eliminate the heat generated by mining. To get WhatToMine to calculate profitability when fighting with air conditioning, I double the electricity cost. Crypto prices are going to need to rise quite a bit to avoid running in the red with those numbers and I only have a few weeks left of naturally cool weather. 
Try to use natural ventilation. As for me - in my warehouse there are doors in front of each other and it helps in summer time. If ure mining in the house - try to make a draft.
If the air conditioner needs to come on, then my profitability calculation changes. The way I figure it, the AC unit needs about as many watts as my GPU miners use to eliminate the heat generated by mining. To get WhatToMine to calculate profitability when fighting with air conditioning, I double the electricity cost. Crypto prices are going to need to rise quite a bit to avoid running in the red with those numbers and I only have a few weeks left of naturally cool weather.
I think summer is the season that i will close my rig due to hot weather and it will consume more electricity plus need extra fans to cool down the rig i thin the expenses is not worth it to mine this summer
This can also serve as a warning whose places gets very hot during summer. We don't want to see a house burned because of overheated mining rig. Make sure it stays cool and away from direct sunlight. Better move it to the deepest part of your home like the basement.
I don't think it's also a good idea to stop mining during this summer since most cryptocurrency are slowly growing. You don't want to miss profit from the speculated upcoming bull run.
I don't think it's also a good idea to stop mining during this summer since most cryptocurrency are slowly growing. You don't want to miss profit from the speculated upcoming bull run.
I don't need to plan anything else except the summer vacations, I have the mining rigs although very few in a basement which is cool in summer and very cold in winter, yesterday I was just checking and the daily reward was 3.3 dollar daily that means with my electricity cost I am about 45 dollars in profit for a rig.
I plan on selling my mining rig....buying an oculus rift...and enjoying warmer weather....
Not a bad plan. I know it's way too hot here where I live in AZ to be powering up my rig for the summer.
If we will have a hot summer and the crypto prices does not increase
then the rigs will go to a summer vacation. Still, hope that it won`t be the case.
then the rigs will go to a summer vacation. Still, hope that it won`t be the case.
By Summer we should have a better knowledge of where we will be in regards to Bitcoins price and the price of alts such as Ethereum.
Also by the Summer hopefully we will see some developement into the ProgPOW which was promised by the ETH Foundation and hopefully be able to power up our GPUs once again.
If all else fails, then by Summer there should be less supply of GPUs on Craigslist/Ebay and we should be able to fetch more for our GPUs.
Also by the Summer hopefully we will see some developement into the ProgPOW which was promised by the ETH Foundation and hopefully be able to power up our GPUs once again.
If all else fails, then by Summer there should be less supply of GPUs on Craigslist/Ebay and we should be able to fetch more for our GPUs.
Plans for summer ?
1) Sell all crypto that I have
1) Sell all crypto that I have
The worst thing you can do
Quote
2) Sell all mining rigs
This make sense to me
Quote
.... and get a bunch of hookers and cocaine, hehe..
METROID.. Is that you?? Lol
Plans for summer ?
1) Sell all crypto that I have
2) Sell all mining rigs
.... and get a bunch of hookers and cocaine, hehe..
1) Sell all crypto that I have
2) Sell all mining rigs
.... and get a bunch of hookers and cocaine, hehe..
I am interested in purchasing few 7nm GPUs in the summer if prices goes down. Currently RadeonVII is $770
As the summer approaches how is everyone planning. We have depressed mining reward in USD terms. We will not have the need to heat our home.
Take a summer break. Go for holiday somewhere in a remote place. The price of bitcoin will restore very soon.Anyway, I think the price should be controlled by the miners not the market deciders. Opinion?
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