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2604965 No.2604965 [Reply] [Original]

With the increasing difficlty in mining ETH, should I just sell my hardware in 15-30 days and buy back in?

>> No.2604981

Mine vertcoin, faggot.

>> No.2604997

Mine Decred, Zcash, monero faggot

>> No.2605018

Can I dual mine anything alongside Zcash like I can with ETH and SIA

>> No.2605066

>>2604997
>>2604981
>sell GPU high
>buy ETH
>people realise difficulty has skyrocketed and panic sell their GPU low
>buy GPU low with ETH to spare
>mine shitcoins
>???

What's wrong with my plan? actually curious to know

>> No.2605120

>>2605066
The only thing that is going to happen is : You won't have a decent gpu for 6months. And your bought ETH will go from 320$ to 200$ or so

>> No.2605138

>>2605120
I already have a 480 in my main rig and only intend on selling the GPUs I bought solely for mining

>> No.2605221

>>2605138
I don't know about electricity prices where you are from, but my 25 Rx 480 will mine for another year.

It depends on your situation. In Europe for example it's impossible to mine with a good profit . If I mined in Europe i would sell my GPUs right now. If your GPUs are in a second world country keep mining to death.

>> No.2605261

>>2604965
https://twitter.com/MiningPredict

>> No.2605301

>>2604965
>>2605066

you should have sold your hardware 15-30 days ago. Second hand trading hubs are already flooded with "great for mining" GPUs where i live. Now it's unlikely you will be able to buy back for less later.

>> No.2605660

So why has me $/day in nicehash been going down the past week? Is it just a combo of eth price going down and difficulty going up? Was at $5.40/ day and now im getting $3.70/day

>> No.2605752

>>2605660
Difficulty rising - look the twitter i've posted.

I'd planned to buy some rx 470 (for reasonable price from china) or some expensive NVIDIA, but it seems really unprofitable so i'll wait for cheaper GPU or some other interesting propositions (LTC ASIC seems tasty but don't know if it worth it)

>> No.2605778

>>2605066
sold mine a week ago, turned out to be good timing. 3 days later prices were down $40 alrdy, havent checked in since. Will buy one rx470 in about 4 weeks time; least thats the plan. But no hurry, not a gamer