Post
Topic
Board Mining (Altcoins)
Re: 8th Alt coin thread. Or what to do now that asics are all over the place.
by
philipma1957
on 11/06/2018, 01:46:22 UTC
phil - help me here with some 100 level economics.  Btc price right now is less than 7k.  If one believes that btc will be worth $xx,xxx.xx a coin in the future, isnt there value in mining at a "loss" now, to acquire btc?  This is something i often find myself thinking about.  It's a like a tug of war in my mind.

Complex question.

Selling gear say an older s9 for 500 in btc.

Or mining at a loss.

I would say sell the gear.

How long does it take to earn that?

About 110 days to earn .071 btc.

If you sell the s9 for 500 you have the btc today.

I constantly hedge cash coin gear.

And try to get more solar done.