Quote from: gotminer on February 01, 2018, 03:31:45 AM

Quote from: MiningDoc on February 01, 2018, 02:56:28 AM

Quote from: gotminer on February 01, 2018, 02:08:27 AM

Quote from: PcEnthusiast on February 01, 2018, 02:03:26 AM

Quote from: MiningDoc on February 01, 2018, 01:47:54 AM

Quote from: gotminer on February 01, 2018, 01:38:20 AM

Quote from: PcEnthusiast on February 01, 2018, 01:35:13 AM

The problem is you are cashing out and not holding till market value comes up. Hold and that 2 dollars today 30 days from now maybe worth 6 dollars. Mining is not a get rich quick unless you hit the jackpot mining a coin with no value that goes to the moon. Just my 2 cents.

Exactly ... And it is moronic to track daily in fiat value even if you are not cashing out daily. The exchange rate to fiat is constantly changing.

Some people cash out frequently to convert to fiat to pay their electric bills..... I cash out 3-4 times per month just for that reason. Or once per month if the prices are good.

Well I can understand that but you can't complain if you cash out you have to live with that choice. Everyones circumstance is different but in the end we all have to be satisfied in our choices in the end.

Do you pay your electric bill 3-4 times a month? I pay mine once a month. Just front it with your other money and cash out for a few months of electricity when it's good to do it. If anyone thinks this is a short term thing, they are dreaming.

Nope once per month, but I cash out depending on the ebb and flow of the price of coins. If you cash out 1 day then you might not be cashing out at the most optimum time. I do it as I go along. a $320 electric bill each month isn't difficult to pay for with the least amount of coin if you time it correctly once a week.

As someone else said i guess ... Everyones situation is different ... I have a full time job, so paying to power my small 24 gpu mining operation out of regular income isn't that big of a deal, until I feel that it's worth cashing out a bit for electricity costs. I just wouldn't do it multiple times a month over the past a 6 weeks.

I find its much easier to keep the wife happy about the noise in the garage when she knows the hardware will pay the electric bill each month.

MiningDoc

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