I quit a 120k job muself to mine full time, kinda thinking of getting andother development job lower stress and lower paying too so i can managbe my gear still and hodl more coins
Thats a big move buddy. How huge is your mining operation? Curious to know how much of mining revenue one would consider enough to quit a regular job.
Whats worrying most is what do you think you'll do when ETH goes POS and mining dies altogether. Will you have enough money to last the rest of your life after mining?
Back in 2012-2013 there were many people that did the same move.
Their quit their job to mine full time. And you are probably thinking. What if mining becomes unprofitable? Usually they were very old adopters and had hundreds of BTC in their wallets so they weren't worried.
Im not a super early adopter, started mining scrypt in 2013 then sold all gear and came back before the eth. pump
all my hardware is paid off , im not worried about profitability dropping even when prices are low i make enough to pay for power and bills since im a garage miner. Im not holding much coin tho atm which is risky , but now with profits going back up i can start speculating again
Back in 2013 I met an individual locally who I found on Craigslist who was selling an Radeon 7950 at a fair uninflated price. This was back when LTC was going nuts.
The GPU seemed cheap I assumed it might be broken actually.
But after talking with the guy it turns out he used to mine BTC with GPUs back in the day. And he decided to just retire from mining because he had so much BTC that even if he mined for an entire year he wouldn't even make 1% of his crypto worth.
He said that the constant worry of burning down his house, constantly monitoring and restarting rigs, constant checking for new shitcoins to mine, constant heat and constant noise complaints from his girlfriend. He just said it wasn't worth it to him.