Quote from: Metroid on June 26, 2019, 07:08:12 PM

2 observations here, pay attention to them.

This thread was created on June 12, 2019, today is June 26, 2019, so 14 days. Now, on June 12, eth was 242 usd, 14 days after that eth is 360 usd, so in 14 days eth had an increase of 118 usd which corresponds to almost 50% of 242 usd, so when I say buy eth is better than mine, you trolls must pay attention.

His post stated that he would roi in 6 months, so 50% is 3 months, pay attention that his earnings also increased too as eth values more but still a bit around 5 months and some days to roi.

Anyway, this is a very interesting observation.

Since eth price is higher he will roi on dollars faster but in eth amount will take longer to Roi if at all. High price equals higher difficulty thus slower to mine and missed opportunity to sell his eth higher to buy 50 percent more gear. if he just held his eth he would have been better off I'm afraid.

Now he's stuck trying to get his 150 gpus running correctly, wasting his time bios modding and trying to figure things out on soon to be outdated gear.

Word of advice. Value your time, the best play is to do nothing and hodl your coins You don't need to feel productive by mining and spending money on gear as this exposes you to missed opportunity from a huge rally and lead to less crypto coins.

His only saving Grace is that he was smart enough to take a loan on his crypto as collateral instead of selling and liquidating his eth.

Things did not go as he planned so any mining newbs about to get started mining need to remember and learn from this experience.

When you decide to mine you are saying I'm hedging into depreciating assets and I will pay taxes on any earned income. Maybe I get lucky mining new shitcoins or maybe I will just get rekt mining coins like every miner did in 2018. Hehe