Quote from: Somegory on Today at 02:56:09 PM

I have a mining rig with 8 graphic cards that I build in December of 2021 and I have made most money back but now that almost all the good altcoins have lost high amount of value I feel like selling my rig and buy coins but.....

I look at the long term, if I use the money and buy coins, let say I have 5 different coins in a wallet, that's going to be it, but if I keep my rig I can keep accumulating coins that I want for like forever, till mining is dead.

One thing strikes my mind again, bear market don't stay for long, highest is 2 years, so what is the right state of mind for you.

I have told several times my story of 2018-2019 here.Back then coins crashed really big while I had the rigs built with the Rx 580 cards in late 2016 early 2017.At that time most people decided to turn off or liquidate completely their rigs.I choose another route,I thought to myself since I am always a believer in new ATH (all time high) of prices of crypto to keep mining even at big loss because of my energy costs.I kept doing so until late 2019 when I turned off the rigs that through Nicehash had made me a nice amount of Bitcoin and was just following the news as always.

At February 2021 when the price hit near 60.000 for a Bitcoin I sold most of them,build a new powerful rig I still have now and got some nice amount of money for myself.I continue mining even in the bear market again,not yet at a loss but even if I will be with price increase of energy in October most likely I will continue mining.

The conclusion is that is better to keep mining rather than buying coins,as buying coins will not keep you as busy as mining so you may do some wrong moves that you normally don't when you are getting small amount of your favorite cryptos through mining.