NiceHash mining diary 2

in #bitcoin7 years ago

Hello all!

Since my last post there have been some changes in the market that affect my earnings bigtime. I was mining €6,- on average per day, but now i'm only do €3,50 to €4,- per day with the same hashrate.

For me, it isn't a reason to panic, because i'm looking at the amount of satoshi i mine above what it's worth in euro's now. The only downside in this mining journey, is that i now have to wait longer to get the amount needed to buy a new videocard.

When the market recovers from the most bountyhunters who jumped on and off the cryptoship last month, and when segwit2x is implemented, i expect the price of bitcoin will rise to new hights. Making my rigbuild goal withing range even faster.

But for now, patience is my biggest issue here. I know these first few months, untill i can buy my first gpu upgrade, would be the hardest thing to wait for. After that, the waiting time for every next card would be less.

In the past, in simular situations, i just lost my interest in things, or i tried to speed up things and ended up empty handed. This time i won't do that and stick to the plan. I did almost 1 month of mining now, and will do this another 2 months. If i achieve that, i can be proud of myself, to stick with something, rather than do impulsive actions. (like invest my BTC in some cloudmining or ponzi scam) It's funny that a project to building a rig starting with nothing to spend, tests my past personal behaviour and let me grow into a more patient and reliable person.

I think that patient part is becoming handy now, because my girlfriend is already stressing out on preparing for our camping vacation...in 5 weeks..

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I usually wouldn't recommend nicehash24 rather genesis, they are way more expierenced.

do you mean hashing24 in stead of nicehash?

I have read it, we will see what will happen in the future. Despite of the shortcomings of Bitcoin, i believe the community will provide solutions for upcoming challenges. So i think bitcoin isn't on it's end yet.

Just wondering what your strategy regarding selling your Zcash is?

I'm mining via the nicehash miner software. I can mine 10 currencies, which the miner chooses automatically based on profitability. And every week it trades it for you and you get paid in BTC.

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