Post
Topic
Board Mining (Altcoins)
Re: if you live in the EU, watch your profit. I've already turned off my rigs.
by
Piskeante
on 28/03/2018, 06:59:12 UTC
if you are in here for some time you will know for sure that everytime prices went down and mining diff went up you will see a lot of topics about how gpu mining is dead and isn't profitable anymore but that's of course if you are a short term miner and you are cashing your mining profits on a daily or a monthly basis but if you are in for the long term then it won't matter at all that for sure applies for the people who has a cheap cost for their mining not everyone is paying very much for electricity

sorry but if you are a miner just to hold, that's nonsense. In that case (holding) it's better to buy directly the coins , save your money on hardware and on electricity costs and win as much as possible when it goes up (if it ever does) with no bills to pay.

a miner, a mainstream miner, is the one who cashes out everymonth to pay the bill and enjoy the profit. i can accept that as prices are too low, you can consider mining to hold , paying the bill out of your pocket and wait for better times.

But that IMPLIES THAT YOU THINK IT WILL EVENTUALLY GO UP. So at this very moment i ask you to tell me a reason, argument, data, technical analysis or whatever you consider to believe in that. (i do not accept your faith or your beliefs or thoughts as an argument, that's bullshit)