Quote from: swogerino on Today at 10:01:16 AM

Quote from: Synerggy on March 24, 2022, 03:40:55 PM

Stuff are not looking great in terms of forthcoming profits, way too much hardware is emerging online, electricity and gas tariffs are all going up all around the globe. This merge looks like it is flawlessly on track and there are so many questions about the future of mining, what are your strategies toward this?.

I use a simple strategy.Continue mining even at a loss if I am financially stable to afford it as I believe that the prices of almost all cryptocurrencies,at least the ones who will make it and will not die like many alt did in the past is that their prices will only keep increasing in the future.

The better strategy for people who own rigs is to not rush and sell their rigs,rather keep mining until the PoS thing happen,if it happens at all and then after the merge see if there are other coins which can give you decent profit (do not rush,the difficulty will decrease a lot when people will rush to sell their GPU-s) and if there are keep mining them,you need about 2-3 months after the merge to see the exact picture,so the real winners will be the ones who will be patient enough to resist the strong urge to sell gear.

@Sworgerino you are the bomb, it's what I keep telling people, the best time to mine is in a bear market, all you need is a less difficulty, I can mine 9 million shiba inu coin in a week but in bear market I can get 3x of that 9million shib in a week.