now what to do with 200TH/s farm? pray?
- Thread starter Divxup
- Start date
Alexpaberla
Junior Member
- May 17, 2017
- 181
- 40
You are not the single one who lost money ... many of us lost tons of money me for example 50K Euro ++ but what to do ? home ? pray ? Work more and take that as a lesson
Veil123
Elite Member
- Jun 13, 2012
- 1,839
- 3,357
Well, maybe I am not smart enough about crypto to tell you what are your options now, but I can surely tell you that this is a lesson for you and everyone else that dived into mining like a headless fly.
Mining is for people that can afford losing their money, it is not for people that will sell their houses and get bank loans so just they can buy something without even knowing how f*cked it could get.
Mining is for people that can afford losing their money, it is not for people that will sell their houses and get bank loans so just they can buy something without even knowing how f*cked it could get.
Divxup
Junior Member
- Feb 11, 2017
- 166
- 38
hard to do something while all your hard earned money is gone, cars, motorcycles are sold , and even u have to leave your appartment , last money spent on dropshippng store that faild! but anyways i am now expert on fb ads , 
but have no money to run any, so best option would be to go and work as storekeeper for 450$ per month?
but have no money to run any, so best option would be to go and work as storekeeper for 450$ per month?hard to do something while all your hard earned money is gone, cars, motorcycles are sold , and even u have to leave your appartment , last money spent on dropshippng store that faild! but anyways i am now expert on fb ads ,
Seems like it.
Then use leftover money to make you more money.
Whateverest
Elite Member
- Apr 20, 2012
- 2,036
- 1,642
One knows how to run Facebook ads (based on your words), works as a storekeeper... What about running ads for your clients if you have no money left to run on your own?hard to do something while all your hard earned money is gone, cars, motorcycles are sold , and even u have to leave your appartment , last money spent on dropshippng store that faild! but anyways i am now expert on fb ads ,
Divxup
Junior Member
- Feb 11, 2017
- 166
- 38
what can i say , nowadays to make money online is extremely hard, everything is over saturated. i was working with Hotfile, depositfiles and filesconic if anyone remember these, actually was making really good money .. try to do that now, impossible
Botoshima
Regular Member
- Dec 30, 2013
- 242
- 116
Just a bit more .... and then all crashed around you !i was not stupidly hoping to mine forever, just was waiting btc to hit 35-40k and then mine little bit more and sell all miners for like 7000usd per s9 miner minimum. well 40k/btc never happened
I know that feeling man, we all have our moments of blind trust in life (aka stupidity).
If this motivates you, read carefully my advice. Just pretend that you work as storekeeper but those 8 hours work your ass at home at what you're good at and I'm not talking about videogames, just do your work and I'm sure you'll gain much more that 500E. And don't cry about motorcycles, be happy you didn't broke your hands so you can use that keyboard of yours
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Couch Monkey Media
Elite Member
- Nov 8, 2009
- 2,787
- 1,146
you can always go and sell them. I am sure you can find people that will pay close to what you paid for them.
Another option look for another location to put them that the power cost less. now that you have data which I hope you do you know what your current cost is to run them where you are now. You know what the units bring in right now per month. With this info you can figure out the best place to put them to make money.
Keep in mind the crypto game is a long term play. Not something to make a killing right now. Yes some did make a killing that got in on the start.
Another option look for another location to put them that the power cost less. now that you have data which I hope you do you know what your current cost is to run them where you are now. You know what the units bring in right now per month. With this info you can figure out the best place to put them to make money.
Keep in mind the crypto game is a long term play. Not something to make a killing right now. Yes some did make a killing that got in on the start.
CryptoKujira
Power Member
- Dec 27, 2018
- 501
- 186
Pretty sure praying isn't going to help. If you still believe in crypto, I'd continue to mine.
People seem to have a lot of unreal expectations for turning profits with crypto investments, most likely due to the most staggering bull run in history of 2017.
People seem to have a lot of unreal expectations for turning profits with crypto investments, most likely due to the most staggering bull run in history of 2017.
SandwichMayo
Junior Member
- Mar 8, 2017
- 120
- 42
How much did you pay for that stuff, so that you still have to make 29k for ROI?exactly one year ago i bought 14 s9 antminers and was mining till August . still need ~29k euros for ROI.
what you would be doing in my shoes ? actually it destroyed my life totally.
40k/btc not yet broi was not stupidly hoping to mine forever, just was waiting btc to hit 35-40k and then mine little bit more and sell all miners for like 7000usd per s9 miner minimum. well 40k/btc never happened
CryptoKujira
Power Member
- Dec 27, 2018
- 501
- 186
i was not stupidly hoping to mine forever, just was waiting btc to hit 35-40k and then mine little bit more and sell all miners for like 7000usd per s9 miner minimum. well 40k/btc never happened
No offense but that sounds like a shit strategy for turning a profit. You're basically throwing all fundamentals out the window, while simultaneously taking on incredible risk. Prior to buying, did you do any number crunching on paper such as calculating your fixed and variable costs? Or how pissed your significant other would be if you lost it all?
S9 Antminer rigs cost about $3k each (current price), and he's got 14 of them so you can do the math.