Post
Topic
Board Mining (Altcoins)
Re: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster
by
KashHappy
on 26/06/2018, 14:31:27 UTC
They're selling at $4600 for two units, so $2300 a pop. Earning is around $24 a day, so break even in a couple of months. Why is everyone saying they won't make their money back?
You're better off buying actual coins than mining.

I've heard this plenty of times, and yet people don't seem realise you can get burned either way. Chances are, maybe even harder with buying coins. Just a month ago decred hits $118 and now it is around $73, so around a 40% drop. Some coins dropped even hard like nano a whopping 80% from just a month ago. At least with asics you get a product which produces value and has resale value (anticipate the marketplace, you should sell it wayyy before it becomes a door stopper, duh). Point is, we're mouse either way and we got to play smart and constantly adapt. I'm thinking of buying second batches when prices drop just like now with the D9 and the market is not yet fully saturated with them miners. Then mine the sh*t out of it, hodl the coins mined hope it will appreciate in value and all whilst monitoring second hand prices. When the time is right (not when it becomes a door stopper, so let's say around $1000-$1500), sell it, and move on to another miner.

It's good to buy coins, and mine, to diversify and hedge against market crashes.

"You should sell it wayyy before it becomes a door stopper, duh" <--- This guy, smdh! Yeah... we're all just idiots trying to help you. You asked a question and seem to not like the answer. We are telling you the market is already saturated with DCR miners, more being added every day and other companies will be adding to it very soon. Your logic consists of alot of variables that sound good in theory however doesn't add up in reality but hey it's your money, do what you want and you'll find out soon enough on your own but don't say you weren't warned. Your head is in the clouds - good luck with that.