That really depends at the time where it can be transferred into and sold. A couple of years ago I used Kucoin and Lbank, to sell other currency and convert into XCH.
In all reality it’s probably something I won’t need to worry about, but who knows I might forget all about XCH and then in five or six years discover it’s mooned
As a Miner you are supposed to use your mined xch to pay for your expenses - electric, depreciation, etc. The little that is left over is your pay.
What you have done is kept the xch and speculated that it would stay valuable or go up.
You have to keep those parts separate in your mind.
Were you a good miner? - YES!
Did you blow it all on a bad investment? Maybe. I have a few thousands worth of mined xch and hard disks that are worth fuck all too.
Fuck and a rtx 4060
That’s one of the mistakes I made, I should have sold a proportion as I went along, that way if it had gone up I would still have a chunk, and as it’s come down I wouldn’t be in such a negative position.
I wouldn’t say the hard drives are worthless, they are probably one of the bits actually worth some money in the UK. I also have a 3060, 3080 and Tesla P4, the first two are worth something. The two workstations, probably not worth a lot.
It’s not bad…
You’ve gained experience.
A small example.
If someday, in the future, you have a larger amount to invest - you will already know… to approach investing in new crypto projects with caution.
And this learning must have cost… as much as it cost you now with XCH.
Besides, most of us would not recognize you, your polite and cultured statements and kindness to our community…!
There will not be another day that I invest, no, make that throw away money in Crypto. Lesson learned.
What I have learned over the past three or four years, sticking the money in my pension actually gains money, significantly, yes its a very bumpy road, but overall the trend is up. Over the past 30 years, investing in my house, I’ve bought and sold quite a few homes, renovating and improving as I go, money well invested, and I’ve ended up with a very nice house, worth a lot of money.
Crypto, its not for me, I’ll keep the XCH and I’ll keep the Helium miner, but its the Helium miner that I think will actually pay for itself, price of HNT and IOT seems steady, just some ups and downs, but its not going to buy that Lambo either.
But it’s not that bad… Still two digits (in USD).
In the crypto world, there are really faster turns of events (e.g. falls).
Here at least potential skeptics have a chance to get rid of the crypto currency. Of course, the invested equipment and time are a different matter.
EDIT:
In Argentina they even have a five-figure result…!
It seems so…
But you know that Uroboros as a Gnostic symbol expresses the spiritual and physical unity of all things, which will never disappear and will last forever in the form of continuous destruction and rebirth.
So… it won’t be so bad…
That could be fitting – as CNI consumes its own pre-farm, the Chia blockchain will eventually be free of these tokenomics at some point (seemingly sooner than later).
Everyone expects the price to go up? Is there a group of people who don’t expect the price to go up? Even if that group of people expect a stable price, do they expect the current price to go up to that level?