Post
Topic
Board Mining (Altcoins)
Re: 2.1T 900W, Innosilicon Blake256 D9 DecredMaster/ 3.83T 1380W, S11 SiaMaster
by
KashHappy
on 26/06/2018, 20:50:05 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.

"You should sell it wayyy before it becomes a door stopper, duh" It's me trying to be funny/sarcastic, seems it was perceived the wrong way. Well I ask the question as a curiosity I suppose, and to gain new insight. Just thought it is refreshing to suggest a possible solution/scenario rather than just stating the obvious/problem and no real solution whatsoever. "Your logic consists of alot of variables" Of course there are variables and risks involved, in any investments/decisions, as in all things in life right?

It's all good.

I was just giving you my perspective along with others. Believe it or not, most of us have played out different scenarios and it still in a loss. The point is that the market is already saturated and only getting worse, thinking you're going to recoup your initial investment based off whattomine profitability calculations with today's numbers as a future forecast is highly inaccurate for this or any other miner. i.e. First batch of D9 showed an ROI of 1.5 months making $150/day, most thought it would take probably 3 months. After recouping not even half, the remaining balance shows it's going to now take another 245 days to break even but that's isn't accurate since the more miners come online the further rewards diminish pushing your ROI out even further, if ever.

Of course, everything has variables. The safer bet is to invest in coins during this dip and sell in the green. Like the old adage says, live and learn. Load up on as many D9 miners as your heart desires, I wouldn't advise it but that's ultimately your choice.