Quote from: philipma1957 on February 01, 2018, 11:39:24 PM

Quote from: Devilz666 on February 01, 2018, 11:27:29 PM

Profitability is surely low but is it actually low?

We mine because we believe that in future the crypto we are mining will give us better returns. So mostly it is about holding for long enough that we gain whatever we set out to.

You really need to start thinking in terms of BTC / ETH /whatever you are holding instead of fiat if you want to mine/trade crypto tension free.

good point

https://www.nicehash.com/miner/16yLHLoeyuCLPMXkVpC3gyrRYvwRGwjKJr

this account makes 0.0099 btc a day or 3.65 btc a year

If I mine and hold all that matters is the price of BTC 1 year from now.

But this gear is paid off fully
the power cost is zero as it is all run on solar energy

Thus I can mine and hold for an entire year. If I need to do that.

I just have one Rig and 3 CPUs I mine on. Electricity is cheap enough that I can pay bills without being bothered. But even if someone has to sell 25% of monthly coins generated to pay bills , it's still profitable in long run. Because we all 'know' that a year from now most major coins will be priced higher than they are after this crash

Devilz666

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