Stop Mining at a Loss

I have received a lot of comments over the last week advising that I should continue to mine even if electricity costs are higher than mining profits.

No one should do this.

If electricity costs are higher than the value of the coins you are mining, switch off your rigs and buy the coins directly.

Doing otherwise is costing you money.

Referenced Videos:

I’m Selling All My 1060 6GB Graphics Cards – https://www.youtube.com/watch?v=JxtnVl8suDw

Tuesday Crypto Chat – Live Stream – https://www.youtube.com/watch?v=8XcY-rqgd9Y

Be sure to leave a comment below and give your opinion on this topic.

Also, if you haven’t already subscribed, please click the subscribe button so you stay up to date with my latest cryptocurrency videos.

Kevin

OBVIOUS DISCLAIMER IS OBVIOUS: I am not a financial advisor. My opinions are my own and it is the responsibility of everyone to do their own research for every coin they invest in.

SafeCoin
————-

In June 2018 I joined the SafeCoin project https://safecoin.org/

Find out why at https://www.youtube.com/watch?v=Qt6Hu356Kbo

Buy Cryptocurrency
——————————–

Exchange USD, GBP, EUR, and more, to Bitcoin and other popular Cryptocurrencies.

CoinBase – https://www.kevinmuldoon.com/go/coinbase

Cryptocurrency Wallets
————————————–

Protect your cryptocurrency with hardware wallets.

Ledger Nano S

Amazon USA – https://amzn.to/2HHzxlm
Amazon UK – https://amzn.to/2HY8tTj

Trezor

Amazon USA – https://amzn.to/2raFJMu
Amazon UK – https://amzn.to/2FXs9k6

KeepKey

Amazon USA – https://amzn.to/2JFWzto
Amazon UK – https://amzn.to/2K0Amqs

Buy HashPower
—————————

Don’t have a mining rig? Don’t worry, you can purchase hashpower from others and use their equipment to mine the coins you want.

NiceHash – https://www.kevinmuldoon.com/go/nicehash

Mining Rig Rentals – https://www.kevinmuldoon.com/go/miningrigrentals

Crypto Exchanges
————————————————-

A Selection of exchanges I have used and trust.

SafeTrade – https://safe.trade/ (Beta)

Binance – https://www.kevinmuldoon.com/go/binance

LiveCoin – https://www.kevinmuldoon.com/go/livecoin

HitBTC – https://www.kevinmuldoon.com/go/hitbtc

Kukoin – https://www.kevinmuldoon.com/go/kucoin

Nanex – https://nanex.co/

— Connect With Me —

Website: https://www.kevinmuldoon.com
Twitter: https://twitter.com/KevinMuldoon
Facebook: https://www.facebook.com/kevinmuldoondotcom
Google+: https://plus.google.com/+KevinMuldoon/

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About The Author

Kane Dane