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RE: Ask Me Anything - Marky Edition - April 2022

in LeoFinance3 years ago

Hey Marky, hope you're doing well.

I would like to ask what the biggest mistake you have made in crypto is. (Apart from not buying BTC at $0.01 that is :D). I hope I'm not being indiscreet.

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Probably selling off my mining equipment. I sold when used GPUs were selling almost as much as I paid for them.

I was doing really well mining and had a lot of GPUs but I don’t have an attractive energy cost but it was still very profitable.

If I kept mining I would have done very well. Especially due to the fact there was limitations in GPU purchases that limited it to one per customer making large farms very hard to do.

That being said, it was probably for the best as the majority of my GPUs were 1060 3gb edition as they were considerably cheaper and I could push a pretty good hash rate out of them. The problem is 3gb was no longer usable to mine Ethereum. I probably still could have gotten a few months out of them but not likely able to sell for peak price.

It was nice to get rid of the heat, holy shit my basement got hot.

Thank you for your time!

Sounds like you had a blast mining, plus the fact that you received almost as much as you paid for those miners makes it all a great play at the end of the day. Not too bad for a 'big mistake'.

Energy costs make mining a no-no were I live, but considering the kind of money people have to spend on heating here, maybe I should go for two birds with one stone after all.

Have a great day ahead!

!LUV

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