Post
Topic
Board Mining (Altcoins)
Re: When to exit
by
RabbiTANK
on 18/02/2021, 09:22:01 UTC
Anyone here have different approach, and it's interesting to know about other people

I pay 0.15 USD kw/h here, so it's not cheap, I don't have conditions to compete with people paying 0.05 or even 0.10c, so my plan is to mine until I have the money to pay all the costs + 10% or 15% of profits
Anything less than that, doens't worth, and I'll probably sell the hardware and wait until new cycle of mining / bull run

I learned a lot in 2017 and 2018, and even me, who really like to deal with hardware, rigs, pcs, will stop sometimes
In my opinion, when the bear comes, it's best to stop, sell and wait until find a good bargain, look at ETH, in 2019 you can grab a lot of coins dirty cheap, without any efforts

For people who pays 0.05c, it's better to keep mining all the time, or people who are plaining to go solar, it's a good investment


I'm already on solar and battery, I had to pull out the money for the solar through another means and it was a good experience, electricity was cheap here but just for couple hours per day in my country, there is more blackout that's why I go solar so if bear market do comes I'm ready to keep mining and storing some coins