I realise I am new here here but I am very interested in people’s opinions on things so forgive me if my post is off on a tangent and not just talking about hardware etc.
As background I worked for many years in financial services, and as such I am quite familiar with most types of investment, probably like many of you guys here… I have seen scams, made and lost sums on financial markets.
Anyway what I’m getting at is, in all this time I never came across a financial asset or instrument that could consistently produce 5% per month as a return on average, let alone produce 10% or more per month without risk of total loss (massive leverage etc) and with the capital investment remaining in tact in a physical asset that has intrinsic value (rig, cards etc) albeit with some depreciation.
I keep reading people saying the next two years, the next two years is where its at… But I’m guessing most people here are young, and horrific as it is having just turned 40 I still count myself as young haha. But, there is a whole lifetime ahead so why aren’t more people focused on the long game (maybe they are and I’m missing it)…
I can’t imagine these crypto currencies will go away even if there is a current bubble, like anything the prices will reset, and the less favoured currencies would be converted to the better ones and those less favoured ones would drop off… But the mining industry would on average continue to produce its 5-15% per month regardless of whether the market goes up or down, and in many ways the market going down is the best thing possible for miners because of the unit cost averaging effect.) (For those not familiar, when buying units regularly volatility is your best friend, and corrections even better, because if you keep buying regularly you buy more when its cheap and accumulate more units and when it recovers just to where it was even if there’s been no growth, you made more than you would have if it just kept going up.) this easily translates to mining through volatile times being the best way to amass coins with a premium having to be applied to upping your capacity as difficulty goes up, but also the coin value going up would offset a lot of this.
Anyway, am I mad to think that miners should be be planning now not how to mine and make the most they can for the next couple of years, but how to build their mining capacity so that they can mine for the next 25 years?