Switching from ETH to sell hashing power for BTC during the dip?

MATHReX

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Quote from: jmigdlc99 on September 13, 2017, 08:52:41 AM

Quote from: MATHReX on September 13, 2017, 08:40:26 AM

Well, even I thought so about it. I don't know the exact amount you'll be receiving in BTC for selling your hash power and if that's greater than or equivalent to ETH mining but it seems a bit lucrative for now and this dips temp, so what-ever you choose, you're good to go. Moreover, Selling your rigs hash for a contract will be more profitable than nicehash itself.

Yeah, selling rig hash for a contract definitely sounds more profitable. Have you done this before?
Im curious actually, is there an online service that can automate selling hash between you and a client?

Well, I've never had. You can give mining rig rentals a try. Just google search. They offer really good price for mining rig and yes, according to the prices listed there for mining rigs, they are way profitable.

Golftech

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Quote from: jmigdlc99 on September 13, 2017, 08:17:17 AM

I've been dual mining ETH nonstop with my rig for the past few months and have always used nanopool. But now given that the recent BTC dip is pretty deep, i've switched over to selling my hashing power to nicehash for BTC.

The rationale is that ill be getting a larger amount of BTC now, which has more chances of increasing in value once BTC price bounces back. I lost my computations as I only wrote in on paper over lunch today but it seems more profitable than directly mining ETH right now, of course assuming prices bounce back up. Any thoughts on this strategy?

well its a good strategy if you are believing that bitcoin will bounce back much quicker than eth and as we seen the current situations we must do everything in terms of getting better earnings as we need to pay our expenses from our mining rigs, let see if you will not regret this move and let wait till this downfall stop and bounce back will start again.

chup

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Me, Myself & I

Quote from: dragonmike on September 13, 2017, 09:15:06 AM

Quote from: chup on September 13, 2017, 09:06:19 AM

Who said that BTC will bounce back, and who said it'll bounce back more than ETH?

Fixed for you.
If life were so binary...
Wink

I don't like to make predictions because markets with giant whales are not predictible at all, but...
I think BTC was (still is) seriously pumped so at least half of present value in close future will not surprise me.
I think ETH will rise to at least double of the present value in next 6 months.

Well, I said it.

dragonmike

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Quote from: chup on September 13, 2017, 09:06:19 AM

Who said that BTC will bounce back, and who said it'll bounce back more than ETH?

Fixed for you.
If life were so binary...
Wink

chup

sr. member

Activity: 737

Merit: 262

Me, Myself & I

Quote from: jmigdlc99 on September 13, 2017, 08:17:17 AM

I've been dual mining ETH nonstop with my rig for the past few months and have always used nanopool. But now given that the recent BTC dip is pretty deep, i've switched over to selling my hashing power to nicehash for BTC.

The rationale is that ill be getting a larger amount of BTC now, which has more chances of increasing in value once BTC price bounces back. I lost my computations as I only wrote in on paper over lunch today but it seems more profitable than directly mining ETH right now, of course assuming prices bounce back up. Any thoughts on this strategy?

Who said that BTC will bounce back?

jmigdlc99

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Activity: 784

Merit: 282

Quote from: MATHReX on September 13, 2017, 08:40:26 AM

Well, even I thought so about it. I don't know the exact amount you'll be receiving in BTC for selling your hash power and if that's greater than or equivalent to ETH mining but it seems a bit lucrative for now and this dips temp, so what-ever you choose, you're good to go. Moreover, Selling your rigs hash for a contract will be more profitable than nicehash itself.

Yeah, selling rig hash for a contract definitely sounds more profitable. Have you done this before?
Im curious actually, is there an online service that can automate selling hash between you and a client?

MATHReX

sr. member

Activity: 861

Merit: 281

Well, even I thought so about it. I don't know the exact amount you'll be receiving in BTC for selling your hash power and if that's greater than or equivalent to ETH mining but it seems a bit lucrative for now and this dips temp, so what-ever you choose, you're good to go. Moreover, Selling your rigs hash for a contract will be more profitable than nicehash itself.

jmigdlc99

sr. member

Activity: 784

Merit: 282

I've been dual mining ETH nonstop with my rig for the past few months and have always used nanopool. But now given that the recent BTC dip is pretty deep, i've switched over to selling my hashing power to nicehash for BTC.

The rationale is that ill be getting a larger amount of BTC now, which has more chances of increasing in value once BTC price bounces back. I lost my computations as I only wrote in on paper over lunch today but it seems more profitable than directly mining ETH right now, of course assuming prices bounce back up. Any thoughts on this strategy?

Topic: Switching from ETH to sell hashing power for BTC during the dip? (Read 450 times)