Stress Management in Mining

7 replies 41 views
Posts: 4 · Reputation: 202
#1Mar 12, 2017, 01:15 PM
Hey everyone I’ve been getting into mining and wanted to know how you all handle the stress from price swings. Personally, I’m into lifting weights and keeping fit, plus I stick to a keto diet. Been playing football for years too. Discovered bitcoin while playing, and it’s just been a cool hobby since then. What do you guys do to chill out?
6 Reply Quote Share
0xP1x3lMember
Posts: 3 · Reputation: 137
#2Mar 12, 2017, 03:02 PM
Let’s be real, you won’t get rich quick with basic mining gear. It’s more about picking up a hobby that teaches you a ton about math, how the internet functions, and patience probably the most key skill for anyone investing. Like getting fit, you don’t see results overnight; it’s all about the long game, right?
6 Reply Quote Share
raven2016Member
Posts: 63 · Reputation: 63
#3Mar 12, 2017, 11:41 PM
True that. It’s a classic chicken-and-egg situation. You need cash to make cash. Honestly, if you wanna get rich without much risk, try software dev for mining farms. Just keep in mind, a lot of software startups flop, like 80-90%. So yeah, be ready to grind for years before hitting the jackpot on a good idea.
2 Reply Quote Share
Posts: 4 · Reputation: 202
#4Mar 13, 2017, 05:12 AM
Hobby mining sounds fun. But what math do you even need for bitcoin? Just curious.
6 Reply Quote Share
Posts: 4 · Reputation: 202
#5Mar 13, 2017, 05:20 PM
What kind of software companies are you talking about? Could use some examples here.
3 Reply Quote Share
raven2016Member
Posts: 63 · Reputation: 63
#6Mar 13, 2017, 07:06 PM
There’s BraiinsOS, mining pools, stratum proxy optimizers, GPU management tools like Minerstat or HiveOS, and even some energy savings tools. The trick is creating something that nobody knew they needed.
0 Reply Quote Share
Posts: 52 · Reputation: 43
#7Mar 15, 2017, 11:48 PM
To really keep stress down, cut your operating costs. Power costs are huge, so finding cheaper energy is a big deal. If you can mine bitcoin cheaply, you won’t sweat the price drops as much. When prices dip, it’s mostly the high-cost miners who get knocked out.
0 Reply Quote Share
0xP1x3lMember
Posts: 3 · Reputation: 137
#8Mar 16, 2017, 02:48 AM
Bitcoin relies on cryptography, and there’s a ton of info online that breaks it down nicely. You don’t have to be a pro to mine, but knowing some basics can help you in the long run, especially if you ever want to get into the software side of things.
1 Reply Quote Share

Related topics