Which one would you prefer? | Bitcointalksearch.org

TheMimic1

member

Activity: 252

Merit: 13

Quote from: skablast on July 17, 2021, 11:20:40 AM

I am on solar too (10 Kw), so, no risk from that side.
As long as you are able to purchase GPU at the correct price, then you are safe.
Avoid Polaris, Vega can be very good for Ergo, not for eth
1660 super,2060 super,3060ti and 3070 are the one offering the best Mhs/watt ratio.

Ergo,RVN,may be ETC will go up at least for few month compared to the rest of crypto, while some miner will move away from ETH. Long term is in function of the project, but I can't help with that.

To be fair, as gas prices of eth will be high regardless of cutting the miner part, after a while when some people will try to go for makis a POS node, I don't see eth in good shape

I concur with this proposal"You can buy a mining farm on used Px 470 4GB video cards. The payback period for these mining farms is 6-8 months. After Ethereum changes the algorithm, you can buy more modern graphics cards for good from miners who want to go out of business. Your costs are practically zero" as its exactly what I have done initially

The gtx1660 supers can't do less than 70watt minimum but I like ordinary gtx1660 non Ti/Super because they are better to run on solar, they can do 25-27mh at 52watt to 57watt with the new absolute core clock settings in hive OS

batsonxl

member

Activity: 1201

Merit: 26

Quote from: HardCore12V on July 20, 2021, 03:31:03 AM

Coins like ravencoin and ergo will be worthless once bitcoin goes below 20,000+, think it's impossible? Look at the current market movement and you will see, I'd say keep mining ETH for now and start swapping them for USDT or other stable coins, you will appreciate you did

If you dont need money then dont sell. Hodl for long period. Why not sell because BTC ATH was 65K now 29.5K it is cheap now to sell.ETH ATH was 4.2k now 1.7k it is also cheap.Yes it can go even more down but it is good opportunity to buy.
Remember the history when BTC was 6k people bought at 6k and then dump to 3.2k many sold and lost money. people who has patient did not lost anything. This is also same even you buy BTC at 30k you will not lose. You will lose if price is cheap and you sell it. Hodl people if you dont need money!
I give you tip BTC dominance going up now it means it is better hodl in BTC. When you will sart seeing BTC dominance start going down it is time swap to alt coins.

HardCore12V

member

Activity: 223

Merit: 13

Coins like ravencoin and ergo will be worthless once bitcoin goes below 20,000+, think it's impossible? Look at the current market movement and you will see, I'd say keep mining ETH for now and start swapping them for USDT or other stable coins, you will appreciate you did

Tellek Garing

full member

Activity: 854

Merit: 130

Quote from: Bravehash on July 16, 2021, 11:43:35 AM

Which is the best strategy for the future

1. Buy altcoins and hold for the next halving season

2. Build mining rigs and start mining some coins like ravencoin and ergo to hold some for the future

Mind you I don't pay for electricity bill cos I have solar installed

Your idea is both good, it is good to mine altcoin but I will advise you to mine altcoin but after you do your profitability rate, if you are mining a coin now and you do not gain, do not mine the coin, mine only the coin you can gain from, it will be your choice to sell or hold. You can also buy ravencoin, but know that altcoins can be disappointing in bear market, the price can still low, but you can risk it.

Bitcoin_Arena

copper member

Activity: 2114

Merit: 1814

฿itcoin for all, All for ฿itcoin.

How about you diversify?

Like buying some good high market cap altcoins not shitcoins that can't exist beyond 2 years and also buying some mining gear when it's a bear market and the prices have dropped. I think it would be better than putting all eggs in one basket. Anything could go wrong in the future and if it happened, it would find you standing on 2 legs.

Skinny48

member

Activity: 448

Merit: 18

Buy the little coin you can and keep mining, I don't see anything wrong in both options you talking about OP, mining reward is shrinking everyday now and many will off their miners once they can't pay for electricity bill anymore but if you can then keep mining, you will definitely make huge money in future

Beparanf

hero member

Activity: 2954

Merit: 796

Quote from: Bravehash on July 16, 2021, 11:43:35 AM

Which is the best strategy for the future

1. Buy altcoins and hold for the next halving season

2. Build mining rigs and start mining some coins like ravencoin and ergo to hold some for the future

Mind you I don't pay for electricity bill cos I have solar installed

You can compute for your ROI for Mining it or just buying it. Determine the time frame of your investment then compute the token that you will mine during that period of time and compared it when you just buy it and wait. The problem on mining was there is no guarantee that your rig will run smoothly all the time and also the coin you are mining might decrease value too over time. But since you have the advantage of free electricity, Mining might be profitable in your case, Just invest properly on your rig and maintenance.

Looper_U

member

Activity: 369

Merit: 16

$CYBERCASH METAVERSE

There is nothing to fear about if you have zero energy bills, no matter what you are mining you will be in profits still, I as a person don't need to worry about electricity bills because I'm using inverter and solar energy worth 10KW per hour, I'm ready for many years to come

batsonxl

member

Activity: 1201

Merit: 26

Quote from: skablast on July 19, 2021, 05:41:53 AM

that's called investing, not mining.
And is pretty easy to do backward, when you already know the actual price.....
But what is really needed is to go forward not backward.
In that sense, with mining you risk less as the GPUs may decrease in price but never to 0.Instead that may happen when purchasing coins

im not expert but lately i started following market and learn it. Past is very important to learn lessons. I found out just following BTC weekly chart every monday let me see very clear. You only need follow every monday once weekly chart of BTC thats it.
In 2018 people made me afraid that ltc will go to zero, now im not following news because news are manupulative and they lie. Your best friend is your weekly chart.
And also i found out BTC dominance chart which tells you when go to altcoins and go back to BTC.

skablast

member

Activity: 476

Merit: 19

that's called investing, not mining.
And is pretty easy to do backward, when you already know the actual price.....
But what is really needed is to go forward not backward.
In that sense, with mining you risk less as the GPUs may decrease in price but never to 0.Instead that may happen when purchasing coins

batsonxl

member

Activity: 1201

Merit: 26

or in eth calculation it will be roughly like this : 60gpu x0.009ETH perday= 0.54ETH perday x 1000days = 54ETH
Even like this it not making more than 100ETH.
Why hassle with 60 gpus when you can just buy and hodl

and make more profit

batsonxl

member

Activity: 1201

Merit: 26

The best and clean way is buy coins and wait. Mining is headache dust clean fixing cooling.
For example person bought 10k ETH at price 100$ in 2018 = it makes 100ETH lets say he sold coins at price 3.5k= it makes 350k.
Now lets say you bought gpu for 10k in 2018 cheapest 2nd hand gpus were around 120-140$ for rx 580 8G. it makes 76gpus. For each 6 gpu you need mobo psu riser etc. So lets say rig 6 gpu cost you around 1K. with 10 k you could get 10 rigs.= 1.8Ghs speed= average 50$ a day.x 1000days = 50K
I know this not 100% correct but im sure it is 89% correct

even im wrong by 60% buying coins showin much much more profit than so much hassle.

Bravehash

member

Activity: 196

Merit: 11

Quote from: FP91G on July 16, 2021, 03:29:26 PM

Quote from: Bravehash on July 16, 2021, 11:43:35 AM

Which is the best strategy for the future

1. Buy altcoins and hold for the next halving season

2. Build mining rigs and start mining some coins like ravencoin and ergo to hold some for the future

Mind you I don't pay for electricity bill cos I have solar installed

How many kilowatts per hour do you have for free?
You can buy a mining farm on used Px 470 4GB video cards. The payback period for these mining farms is 6-8 months. After Ethereum changes the algorithm, you can buy more modern graphics cards for good from miners who want to go out of business. Your costs are practically zero.

Roughly 1700 watts per hour but rx470 graphic cards are more energy consuming so I went for gtx1660 instead, I'm getting 189MH from the gtx1660 at 450watt from wall and that's possible because of T-rex absolute core clock

HashingTower

member

Activity: 285

Merit: 11

$CYBERCASH METAVERSE

Quote from: skablast on July 17, 2021, 11:20:40 AM

I am on solar too (10 Kw), so, no risk from that side.
As long as you are able to purchase GPU at the correct price, then you are safe.
Avoid Polaris, Vega can be very good for Ergo, not for eth
1660 super,2060 super,3060ti and 3070 are the one offering the best Mhs/watt ratio.

Ergo,RVN,may be ETC will go up at least for few month compared to the rest of crypto, while some miner will move away from ETH. Long term is in function of the project, but I can't help with that.

To be fair, as gas prices of eth will be high regardless of cutting the miner part, after a while when some people will try to go for makis a POS node, I don't see eth in good shape

I concur with this proposal"You can buy a mining farm on used Px 470 4GB video cards. The payback period for these mining farms is 6-8 months. After Ethereum changes the algorithm, you can buy more modern graphics cards for good from miners who want to go out of business. Your costs are practically zero" as its exactly what I have done initially

Wow seems you have some cool experience with mining with solar, I got five Vega 56 few days ago and I find out they are more profitable mining ergo coin, I'm getting 200MH on this cards each which is awesome thanks to T-rex and few memory timing tweaks, where I'm lost is maybe to hold the ergo or recover some money ( sell them for now ).

skablast

member

Activity: 476

Merit: 19

I am on solar too (10 Kw), so, no risk from that side.
As long as you are able to purchase GPU at the correct price, then you are safe.
Avoid Polaris, Vega can be very good for Ergo, not for eth
1660 super,2060 super,3060ti and 3070 are the one offering the best Mhs/watt ratio.

Ergo,RVN,may be ETC will go up at least for few month compared to the rest of crypto, while some miner will move away from ETH. Long term is in function of the project, but I can't help with that.

To be fair, as gas prices of eth will be high regardless of cutting the miner part, after a while when some people will try to go for makis a POS node, I don't see eth in good shape

I concur with this proposal"You can buy a mining farm on used Px 470 4GB video cards. The payback period for these mining farms is 6-8 months. After Ethereum changes the algorithm, you can buy more modern graphics cards for good from miners who want to go out of business. Your costs are practically zero" as its exactly what I have done initially

Ceyflix-Rez

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Activity: 420

Merit: 13

$CYBERCASH METAVERSE

It's easy to learn how mining works, I'm sure almost everyone in the world today knows how to use Windows OS atleast so just start with a GPU and learn some tweaking, believe me it will help them start adding one GPU after the other, I'm in support of mining and taking profits but if bear gets stronger then you should start holding for future sake.

FP91G

legendary

Activity: 1834

Merit: 1131

Quote from: Bravehash on July 16, 2021, 11:43:35 AM

Which is the best strategy for the future

1. Buy altcoins and hold for the next halving season

2. Build mining rigs and start mining some coins like ravencoin and ergo to hold some for the future

Mind you I don't pay for electricity bill cos I have solar installed

How many kilowatts per hour do you have for free?
You can buy a mining farm on used Px 470 4GB video cards. The payback period for these mining farms is 6-8 months. After Ethereum changes the algorithm, you can buy more modern graphics cards for good from miners who want to go out of business. Your costs are practically zero.

Lafu

legendary

Activity: 3136

Merit: 3213

As others already have written it depends on your knowledgeable and Experience that you have about Mining !
Do you have some Experience in mining and how all works ?
If you dont know what to do and how mining works it would be the best option that buy you some Altcoins ,
or try to start mining with a GPU to learn how all works.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: Bravehash on July 16, 2021, 11:43:35 AM

Which is the best strategy for the future

1. Buy altcoins and hold for the next halving season

2. Build mining rigs and start mining some coins like ravencoin and ergo to hold some for the future

Mind you I don't pay for electricity bill cos I have solar installed

If I were you I would currently mine as many coins as I can, and convert all this to BTC. Then if we indeed did top at $64K and the next year or 2 will be a bear market then hold all your BTC and buy a bunch of alts when they are >95% from ATH in a year or so.

Some will basically go down another 95% and will be worthless but you will be able to get a handful of alts which can produce amazing gains into the next halving. Sure they might not all recover the 95% lost value but even if you buy it at the low and it ends up going another 50-100% from there, you will made good profits. Then sell those alts back into BTC and either hodl that bitcoin or just tether up or withdraw into your bank account.

Basically super low risk for you.... and sky is the limit in the amount of profit you can make. Well unless all your GPUs get damaged somehow, but that is rare.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

It's not just the electricity bill that you need to take on as a priority when building rigs. Depends on how knowledgeable you are in mining, you can decide to yourself what's the best thing to do. Please check all the associated costs and see if it's fit on your criteria.

If you have 0 knowledge about how mining works, I suggest just buy your preferred altcoins either to hold or trade. It's much more convenient and will save you from the hassle of setting up a mining rig.

But if you really want to push for mining, maybe you want to try how mining works and gained knowledge about it, and you believed in those coins you have mentioned, plus you truly understand the risks that there might be a chance "not" to give you a decent profit in the future, then go for mining.

Only you know your capability.

Topic: Which one would you prefer? (Read 235 times)