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.
With either scenario, I don't think you can lose if you believe BTC is going north of 5 digits again.
Whatever growth BTC has between now and day 110, both cases benefit. It is unlikely that BTC sees a new ATH within the next 30 days (or 110 I would argue). When people talk about 50k BTC, it is on a much longer term then that.
I'm still acquiring gear and quite reluctant to liquidate any of my GPU army. Nvidia being sheepish on 11xx series makes me more confident on keeping cards.
Diversity is the key - I'm hoping my Vegas average out the hit that my Equihash rigs are going to take by swapping to ETH, etc. At the same time I have Z9 on the way.
I'm actually happy to mine something like ETH at a slight loss, as any kind of movement would turn all those days into significantly profitable ones.
It helps having 22kW of solar panels too... I pay $400 USD per month (includes household usage) for my 30 GPU's (constant draw 5kw or so) and they currently generate a multiple of that cost. I can see my self mining through another six months easily.