Topic: What to mine for the next bull season ? (Read 580 times)
unfortunately we do not yet know if we are at the beginning of a new bull market, mining at a loss makes no sense if you do not have solar panels or low cost energy, perhaps it is better to stop for a while and wait for better conditions, or invest in eth for the pos or on hard disk for chia, i am thinking of selling my gpus to buy eth
If you are selling electricity to an electric company, then why use mining? In my country it is possible, but the nightly electricity tariff will be very expensive.
If you use a battery installation, it is expensive and energy is needed to charge the batteries.
If you use a battery installation, it is expensive and energy is needed to charge the batteries.
Here in my country there's no difference between day or night rates, it's the same. (but it doesn't matter, our rates are high enough haha, 0.20 cents kWh)
About selling electricity, you can't sell for money, you can only accumulate credits to use later.
For example, you can generate more electricity in daytime and use the credits when you are using at night.
I think I explained better now hehe
About batteries grid, almost impossible to worth, we don't have price / durability right now
Your lucky with USD 0,20 kWh, where I live my rate is USD 0.365 p.kWh.
At these electricity prices, solar panels or windmills should pay off well.
And if this is a tariff for the population, then what is the tariff for enterprises?
Don't GPU mine, DCA into coins. Your wasting money on electricity. I set up coinbase to buy every day DOGE and BTC. Also have a few ASICs that are profitable, L7, 2 Jasminers, 1 ipollo ETC miner and 9 Ipolo Grin miners.
If you are selling electricity to an electric company, then why use mining? In my country it is possible, but the nightly electricity tariff will be very expensive.
If you use a battery installation, it is expensive and energy is needed to charge the batteries.
If you use a battery installation, it is expensive and energy is needed to charge the batteries.
Here in my country there's no difference between day or night rates, it's the same. (but it doesn't matter, our rates are high enough haha, 0.20 cents kWh)
About selling electricity, you can't sell for money, you can only accumulate credits to use later.
For example, you can generate more electricity in daytime and use the credits when you are using at night.
I think I explained better now hehe
About batteries grid, almost impossible to worth, we don't have price / durability right now
Your lucky with USD 0,20 kWh, where I live my rate is USD 0.365 p.kWh.
Those are what I would call catastrophic rates.I don't know where you live but I believe in a country hit hard by the ongoing war in Ukraine that have made prices of energy skyrocket and the most impacted countries are those that are not self sufficient for providing energy to all their citizens.Where I live I pay 0.08 dollars per kilowatt and I am extremely annoyed by this price because we have a lot of natural resources,it is just the government that steals almost everything.
With those rates it is impossible to mine,I am mining at a loss with 0.08 but at 0.20 or 0.365 it is non sense to mine knowing the rewards of most mineable coins daily.
If you are selling electricity to an electric company, then why use mining? In my country it is possible, but the nightly electricity tariff will be very expensive.
If you use a battery installation, it is expensive and energy is needed to charge the batteries.
If you use a battery installation, it is expensive and energy is needed to charge the batteries.
Here in my country there's no difference between day or night rates, it's the same. (but it doesn't matter, our rates are high enough haha, 0.20 cents kWh)
About selling electricity, you can't sell for money, you can only accumulate credits to use later.
For example, you can generate more electricity in daytime and use the credits when you are using at night.
I think I explained better now hehe
About batteries grid, almost impossible to worth, we don't have price / durability right now
If you are selling electricity to an electric company, then why use mining? In my country it is possible, but the nightly electricity tariff will be very expensive.
If you use a battery installation, it is expensive and energy is needed to charge the batteries.
If you use a battery installation, it is expensive and energy is needed to charge the batteries.
Here in my country there's no difference between day or night rates, it's the same. (but it doesn't matter, our rates are high enough haha, 0.20 cents kWh)
About selling electricity, you can't sell for money, you can only accumulate credits to use later.
For example, you can generate more electricity in daytime and use the credits when you are using at night.
I think I explained better now hehe
About batteries grid, almost impossible to worth, we don't have price / durability right now
Your lucky with USD 0,20 kWh, where I live my rate is USD 0.365 p.kWh.
like the other said is better to do DCA rather than you mine directly at the current bear market, because you mine but pay the electricity for your own rig not paid by the GPU.
and yeah the current electricity prices is high
just opinion doing DCA and stake the coin is best option i think
and yeah the current electricity prices is high
just opinion doing DCA and stake the coin is best option i think
If you are selling electricity to an electric company, then why use mining? In my country it is possible, but the nightly electricity tariff will be very expensive.
If you use a battery installation, it is expensive and energy is needed to charge the batteries.
If you use a battery installation, it is expensive and energy is needed to charge the batteries.
Here in my country there's no difference between day or night rates, it's the same. (but it doesn't matter, our rates are high enough haha, 0.20 cents kWh)
About selling electricity, you can't sell for money, you can only accumulate credits to use later.
For example, you can generate more electricity in daytime and use the credits when you are using at night.
I think I explained better now hehe
About batteries grid, almost impossible to worth, we don't have price / durability right now
In my country, we can choose 2 different billing tariff.
First: we pay the same rate for each kW all day long and all night long.
Second: there are 3 different rates. They are based on the time. The lowest rate is between 22:00-07:00
I changed my billing tariff to second one today. I will only mine between 22:00-07:00 from now on.
Another tip: House billing has lower rate than the commercial. But house billing is limited to 8kW/hour. We have to pay the commercial rate if we use higher power than 8kW/hour.
I have many rigs (29GH ethash hashrate) Well, I have 9 different places for mining, but 2 of them have the commercial billing rate. The others house billing rates.
About the commercial ones. we can use the electric bill for deduct from tax.
I will be careful about 8kW/hour limit for each house. Of course nightly billing rate. I use smarts plugs.
I think each country has their own rules about energy. Just do your homework well. We are miners and we have to find usefull tips.
I hope you will find your best way. Of course, we will not have a big profit earlier, but i think it will be enough.
First: we pay the same rate for each kW all day long and all night long.
Second: there are 3 different rates. They are based on the time. The lowest rate is between 22:00-07:00
I changed my billing tariff to second one today. I will only mine between 22:00-07:00 from now on.
Another tip: House billing has lower rate than the commercial. But house billing is limited to 8kW/hour. We have to pay the commercial rate if we use higher power than 8kW/hour.
I have many rigs (29GH ethash hashrate) Well, I have 9 different places for mining, but 2 of them have the commercial billing rate. The others house billing rates.
About the commercial ones. we can use the electric bill for deduct from tax.
I will be careful about 8kW/hour limit for each house. Of course nightly billing rate. I use smarts plugs.
I think each country has their own rules about energy. Just do your homework well. We are miners and we have to find usefull tips.
I hope you will find your best way. Of course, we will not have a big profit earlier, but i think it will be enough.
Solar panels don't provide free electricity all day long. Do your mining farms only work during the day when electricity is free, and at night you turn it off?
The generated power varies during the day and depends on the weather. At lunchtime, the power is maximum, in the morning and in the evening the power is minimal. How do you solve these problems?
The generated power varies during the day and depends on the weather. At lunchtime, the power is maximum, in the morning and in the evening the power is minimal. How do you solve these problems?
There's a way and it's not complicated
You can do on grid installation where you generate electricity and "sell" to the company
If you calculate how much you will consume in entire day, you can install the exactly amount of solar panels you will need to run 24h.
I almost did this in my house, but the price of solar panels and accessories here in my country is too much expensive.
Obs - maybe this will not work in some countries, if the company don't buy the surplus electricity
If you use a battery installation, it is expensive and energy is needed to charge the batteries.
Bull markets are typically defined as extended periods during which a sizable portion of asset values are rising. This is because the prices of securities rise and fall almost continuously during trading. Several months or even years may pass during a bull market.
I mined some ETHW, ETHF, KAS, ETC, KAW, YEC, NIM, BTCZ, ALPH, ERG. (big amounts > smal amounts)
I paid the electric from my pocket and saving the coins. One month is gone.
I will mine for the second month by paying the electric from my pocket.
Then i will stop mining if the coin prices is the same.
What is your opinion ?
What are you mining now ?
Mining process is depends on coin prices. I paid the electric from my pocket and saving the coins. One month is gone.
I will mine for the second month by paying the electric from my pocket.
Then i will stop mining if the coin prices is the same.
What is your opinion ?
What are you mining now ?
Difficulty is pretty high right now.i would mine when dust settle down other wise you are getting few rewards.
I agree,I am mining at a loss because I can afford to but most people that cannot should stop mining for the moment.I don't understand that 2 P difficulty of Ethereum Classic when the price of it is really low at 23 dollars right now.
I think most big farms have auto switched there and are yet to realize that this is not good for them as it can even cost them complete failure,I would wait when the big farms move away because right now they are worthless and they are all mining at a big loss compared to their power bill,when difficulty to go down hopefully after a couple of months,anyone can start mining then as things will not be as bad as they are right now.
Difficulty is pretty high right now.i would mine when dust settle down other wise you are getting few rewards.
I agree,I am mining at a loss because I can afford to but most people that cannot should stop mining for the moment.I don't understand that 2 P difficulty of Ethereum Classic when the price of it is really low at 23 dollars right now.
I think most big farms have auto switched there and are yet to realize that this is not good for them as it can even cost them complete failure,I would wait when the big farms move away because right now they are worthless and they are all mining at a big loss compared to their power bill,when difficulty to go down hopefully after a couple of months,anyone can start mining then as things will not be as bad as they are right now.
Difficulty is pretty high right now.i would mine when dust settle down other wise you are getting few rewards.
I think that ProgPoW coins like Ravencoin are the future of altcoin mining.
Without a clear industry leader like ETH it will be coins with the strongest communities that thrive and keeping ASICs away is the foundation for a great mining community.
Without a clear industry leader like ETH it will be coins with the strongest communities that thrive and keeping ASICs away is the foundation for a great mining community.
Solar just isn't suitable as the only or primary source of power for mining. Either grid tie-in or battery backup is essential.
I don't know if I didn't explain well hehe, but I wanted to say that, you can use solar + electricity from company (like you said: grid tie-in)
At least in my country this works
For example, let's say your rigs uses 1X of electricity.
If you make a solar system that generates 3x of energy you use 1x and sell 2x right?
Let's suppose you have 8h of solar energy, the other 16h you'll use the surplus you gave to the grid
Two way grid tie-in is not available everywhere and the rates aren't always the same both ways. Some climate concious utilities
will sometimes pay more as an incentive, others pay less or don't offer it at all.
Solar just isn't suitable as the only or primary source of power for mining. Either grid tie-in or battery backup is essential.
I don't know if I didn't explain well hehe, but I wanted to say that, you can use solar + electricity from company (like you said: grid tie-in)
At least in my country this works
For example, let's say your rigs uses 1X of electricity.
If you make a solar system that generates 3x of energy you use 1x and sell 2x right?
Let's suppose you have 8h of solar energy, the other 16h you'll use the surplus you gave to the grid
Solar panels don't provide free electricity all day long. Do your mining farms only work during the day when electricity is free, and at night you turn it off?
The generated power varies during the day and depends on the weather. At lunchtime, the power is maximum, in the morning and in the evening the power is minimal. How do you solve these problems?
The generated power varies during the day and depends on the weather. At lunchtime, the power is maximum, in the morning and in the evening the power is minimal. How do you solve these problems?
There's a way and it's not complicated
You can do on grid installation where you generate electricity and "sell" to the company
If you calculate how much you will consume in entire day, you can install the exactly amount of solar panels you will need to run 24h.
I almost did this in my house, but the price of solar panels and accessories here in my country is too much expensive.
Obs - maybe this will not work in some countries, if the company don't buy the surplus electricity
Solar just isn't suitable as the only or primary source of power for mining. Either grid tie-in or battery backup is essential.
I think what will happen is what happened back in 2015. Most GPU miners will become ASIC miners. They will liquidate their farms of GPUs and instead buy BTC and LTC ASICs and mine with those.
Mining with those even at a loss makes more sense since those coins aren't going to go -99% like most other mineable GPU alts. I remember maybe people back in 2015 were selling their R9 280X that they used for LTC mining and bought Antminer S5's and SP20s ASICs since they were more profitable and it paid off when BTC ran later that year.
Mining with those even at a loss makes more sense since those coins aren't going to go -99% like most other mineable GPU alts. I remember maybe people back in 2015 were selling their R9 280X that they used for LTC mining and bought Antminer S5's and SP20s ASICs since they were more profitable and it paid off when BTC ran later that year.
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