Post
Topic
Board Mining (Altcoins)
Re: What's your plan for the future?
by
OgNasty
on 24/03/2022, 19:41:05 UTC
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?.

My strategies towards mining remain the same regardless of what X or Y coin is doing now or in the future.  Get cheap renewable energy, mine whatever chain is most profitable to do so on Nicehash, and let it grow until you need it for something.  This has proven to be a fairly stress free way to mine, and I'm glad I took the steps when things were going well to ensure that there would be no concerns when margins start being pressed.  As some might say, the best time to buy an umbrella is when it's sunny out.  Stay away from debt, use renewable energy, buy mining equipment when it's cheap to do so and sell it when people are paying above retail.  That seems to be the winning combination for me anyway.