What to mine for the next bull season ? - page 2.

rdluffy

legendary

Activity: 2450

Merit: 1472

Quote from: FP91G on October 16, 2022, 04:59:40 AM

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?

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

FP91G

legendary

Activity: 1834

Merit: 1136

Quote from: Crypt0Gore on October 16, 2022, 01:48:01 AM

It's better to buy Ethereum PoW coins than mining, the reward is not worth the electricity that's been burned, I keep mining only because I have free power through solar panels and some times I just shut down the whole rigs, with Ethereum gone this season is so cold for miners compare to 2018-2019 bear market, if Ethereum is still here miners will still make some good dollars per day.

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?

Crypt0Gore

sr. member

Activity: 952

Merit: 275

It's better to buy Ethereum PoW coins than mining, the reward is not worth the electricity that's been burned, I keep mining only because I have free power through solar panels and some times I just shut down the whole rigs, with Ethereum gone this season is so cold for miners compare to 2018-2019 bear market, if Ethereum is still here miners will still make some good dollars per day.

adaseb

legendary

Activity: 3808

Merit: 1723

I am going to guarantee you this. Most likely the coins you mine will lose 99% value or you will basically give up and sell all your coins because you think crypto is dead.

Every cycle I knew people personally who just couldn’t survive the bear market anymore like in 2015 and 2019. Nothing was moving. All coins were trading sideways or going down. So people gave up. Thinking crypto is dead and that was the bottom. Most likely the same will happen to most people that have this mentality.

rdluffy

legendary

Activity: 2450

Merit: 1472

In my opinion you're good to wait next bull run
I don't know how much you have, but with 10 coins you need just 1 or 2 to pump hard to make profits

I know most people will say buy the coins, but maybe you don't want to sell the cards, or whatever reason, but with 10 coins your chance is good.

In the end 2 or 3 coins will probably fail
7 or 8 will probably rise together with BTC in a possible bull market
1 or 2 will probably have huge pumps (hard to predict anbd hard to decide when to sell)

I remember when I mined tons of RVN, I hodled and sold at a good price, but after a few months RVN pumped real hard hahaha.

Harchive

newbie

Activity: 13

Merit: 14

Are you sure you are ready for this journey? If you are new in the crypto space you need to know that bear market can take up to two years before positivity start returning to the market, you need to keep mining till bull market returns.

Plaguedeath

hero member

Activity: 910

Merit: 680

Why you're forcing yourself to mine a coin that doesn't make you get profit in the moment? actually in bear market it's better for invest rather than mine. There's no guarantee the coin you've mined before will go to the moon, moreover it could become a dead coin and you're already wasting your electricity, hardware lifetime and your time. Right now I'm already stop to mine since I don't get any profit, I will wait until the market recovery.

FP91G

legendary

Activity: 1834

Merit: 1136

Quote from: igotek on October 14, 2022, 03:30:40 PM

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 ?

I pay 5 cents per kilowatt for electricity. For me, mining is unprofitable, because the profit is negative.
I also have internet expenses, expenses for trips to the village, payment for OS mining: Hive OS system and Rave OS.
I am buying cryptocurrency and I want to keep the graphics cards in good condition until the next mining season.

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

Quote from: igotek on October 14, 2022, 03:30:40 PM

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 ?

If you are mining for the bull run then most probably you can't go that wrong with ETHW,I consider it as the ETH of 2016 with 9 dollars as a value when they started in their early beginnings.I myself mine Litecoin through unmineable miner with GPU-s as I mine not with the intentions to save it but to invest it in some online earnings opportunities.

I pay the electric cost myself but soon will change to mining ETHW and keep mining even at a loss once I have accumulated the needed amount of Litecoin to invest in those opportunities.

summer8

newbie

Activity: 12

Merit: 0

People like the idea of mining because "passive income"

But your only thought should be, will I have more or less of COIN if I go the buying VS mining route.

JayDDee

full member

Activity: 1424

Merit: 225

Buying thinly traded speculative coins is difficult and expensive due to the large price spreads. Mining them is a more
effective way to accumulate.

As far as the original question is concerned speculation is subjective, everyone has a different opinion. That's what makes a market.

adaseb

legendary

Activity: 3808

Merit: 1723

If you are mining at a loss then it doesn’t make sense.

Just buy many of the top 20 coins on coin market cap excluding stables and you should be good. These low cap coins won’t survive the bear market. They will go to 99% loss. This happens every cycle pretty much. You might get lucky but most likely many will be a slow bleed down.

Pendrak

member

Activity: 208

Merit: 46

Quote from: igotek on October 14, 2022, 03:30:40 PM

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 ?

Stop mining, use the money of the electricity to buy the coins you like.

grendel25

legendary

Activity: 2296

Merit: 1031

Quote from: igotek on October 14, 2022, 03:30:40 PM

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 ?

I would just support the coin I like by buying on the market. I only mine when it's profitable to do so and at those times I pay the electric out of my pocket. Don't sell until the price is above moving averages.

I'm buying EPIC on the Vite app. I also bought a little bit of doge recently. If ethereum tanks I'll pick some up/

Bitcoin_Arena

copper member

Activity: 2128

Merit: 1814

฿itcoin for all, All for ฿itcoin.

Quote from: igotek on October 14, 2022, 03:30:40 PM

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.

Stop if price is the same? You do know that a bear market doesn't end overnight, right?

Anyway, it's good to make a calculated move so that you don't end up selling the mined coins at very low prices just to cover your expenses.

Quote from: igotek on October 14, 2022, 03:30:40 PM

What are you mining now ?

Personally, am not mining. Just doing DCA on the likes of Dogecoin when the prices are still low.

igotek

hero member

Activity: 2170

Merit: 612

Online Security & Investment Corporation

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 ?

Topic: What to mine for the next bull season ? - page 2. (Read 631 times)