Post
Topic
Board Mining (Altcoins)
Re: Am I in rush for nothing
by
FP91G
on 01/09/2022, 12:34:18 UTC
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.
If you do not need money, if the mining farm does not cause problems and you can pay for electricity without problems for your important budget, then continue to mine cryptocurrencies.
I advise selling a mining farm when you can buy more coins than your farm mines with the money to pay for electricity.