Bitcoin : Crypto Miner needs some affirmation
I started mining crypto back in Aug of 2017. So I paid a pretty penny for my equipment. I also even paid $2500 for one of my antminers s9 🙁 because I didnt know any better, but I also paid only $300 for one s9 antminer due to a coupon with bitmain. I have been adamant about keep my 4 gpu rigs running with my 3 antminers as well. It seems like since I have been mining the price has just kept on going down and down and down, while I continue to try to make my money back, and paying for electricity. I have not cashed out a single coin, I have been holding everything. With that being said, due to the cost of electricity and downward spiral of crypto I am thinking of pulling the plug, selling my equipment and just holding what I have. I am a firm believer of Crypto but can not keep footing the bill for electricity. Do you think I should I stay or should I go? Do you think Crypto will go back up and is worth footing the bill for the electricity until it does go back up? Any POSITIVE motivation or insight would be appreciated.
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
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