Ninjastic
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Board Mining (Altcoins)
Re: I shut it down tonight boys.
by
gotminer
on 25/05/2018, 12:25:33 UTC
Quote from: dimpsk on May 25, 2018, 05:15:44 AM
Quote from: remauto1187ma on May 24, 2018, 04:51:44 AM
Quote from: dimpsk on May 24, 2018, 04:34:57 AM
Quote from: gotminer on May 20, 2018, 01:30:37 AM
Quote from: remauto1187ma on May 19, 2018, 10:59:31 PM
Quote from: varusisog on May 19, 2018, 08:14:05 PM
Quote from: remauto1187ma on May 03, 2018, 04:14:43 AM
The OP shut it down and I added MORE gpu's,  One of us screwed up...and it aint me. Wink

What is the price of your electricity?
4.8 cents /kwh

Mine is double what his is ... I never shut anything down.  If the OP was paying 25+ cents per kwh, then I can see why he decided to get out.  Shutting rigs down isn't the right thing to do though.  Either keep them running or sell them.  Shutting them down and letting them sit is one of the worst ideas.

You are such a funny boy. Mining at 10 cents/kwh is not profitable at all. It's just a waste of time and bit money. Better try fishing or smth like that Smiley
Let me draw it out in crayola for you.  You mine... You mine coins of whatever altcoin.  You hold until value goes up.  You then sell when the value exceeds what it cost you to mine.  Its not really difficult amateur.  And whats this "funny boy" crap? Im a grown man (47 next month).  You seem to be the one with the mind of a kid and the financial experience of a 5yr old.  You need to do some more reading across the net and comprehend what you read and learn from it.

Mine and not sell now but hold coins is another story which has nothing in common with profit. Cause you still paying for electricity but have nothing in return. May be your coins will rise some time. May be not.  Doesnot matter at all. Anyway better to buy it directly at market. If you had strong face and if it rose someday.


Mining and trading/holding has everything to do with profit.  Sure you're paying for electricity out of your own pocket, but you do get something in return.  You get the coins that you mined, in return.  Yes it matters if the value of your crypto increases of decreases over time.  Why wouldn't that matter?  Your way of thinking has many flaws.