Post
Topic
Board Mining (Altcoins)
Re: My own Experience / Profit / ROI with ASIC Antminer E3's from the past 25 months
by
philipma1957
on 12/12/2020, 04:33:09 UTC
.........

See how this discussion got, you started attacking me just because you have nothing to counter argument me, so when this happens, I just let it go, this discussion did not need to get to this level, have a nice day.

Im not attacking you ! Im telling you my own experience ... But for some reason you just can not imagine mining is can be profitable , but you need to understand what to sell when , what mining hardware to buy when ...
Im not attacking you , but you probably dont want to understand i was talking about that 15 months you blaming ... actually 25 months mining experience with Bitmain ASIC's E3's including your 15 months Smiley
This is my own experience as a miner , not someone who reading between lines all over the internet and reposting things in this forum.
So you attacked me , so i got into defense position ...  Grin

I mined ETH from 2016 .. yes i sold some in the end of 2017 Smiley you can tell me i did not make any profit ... i know exactly what i made with mining , even with just a few GPU's in 2016 ...
I wish i got into this when the same thing happened with bitcoin .. i started my bitcoin mining adventure when BTC was around 300$ ...
Im still a believer ... and history repeating itself ... sold some coin again when ETH was over 600$ not to long ago ...

Choice is always yours , but i dont like , and i dont think its right, when someone without any real mining experience trying to be way to smart and attacking someone with real mining experience ...

the real question is how much eth could you have bought over the months when eth was $100 to - $150 instead of running your asics and rigs ? $8000 could have bought 800 eth lets say 700 x 600 thats $420k lol and im not even factoring in shipping.  All hes trying to tell you is u think u make money making what $15k but just buying eth at the lows would have crushed what u made buying those asics x20

asics and gpus are a hobby thing now , the time and effort setting up monitoring shipping etc isn’t worth the reward like back in 2016


while your math above is wrong for buy and hodl then sell . what is true is it is really hard to turn profit with cards or asics.  it is a job when you scale up to and beyond 50+ cards and 50+ asics.

Something always breaks and you need replacement gear.

People think we are having a bullrun mining ⛏ we are not.

We are close to what a miner should  make mining if they want a business.