I bumped my holdings up to 4 mil SHIB. I think .001 is very doable. As much as I'd like to see $1 I'd be ecstatic with .01I have 10 million SHIB now. Just want it to get to 0.001, or even 1 cent would be awesome. Still hoping for that $1 spike!!
The *OFFICAIL* Jazzfanz Crypto Mining Thread
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LogGrad98
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Agreed.
I just keep adding $10 per week. I need to familiarize myself with NFT's. Seems like this is the next big thing.
LogGrad98
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I am working on a set of NFTs with my daughter. She is something of an artist and she makes these cute little illustrations her friends love on Facebook. So we are looking at developing an instagram presence and twitter and she is also joining a few artist groups that have driven some large NFT releases. She has about 200 of them right now, working on more. We'll see where that goes. She is handling the art and I am handling the marketing and my SIL and I are both working on the actual NFT development. Splitting it 60/40 for them, whatever it generates. Should be interesting.
Avery
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Just need Musk to tweet out something about it being the next big thing, watch it blow the roof off for a day, break your fingers/mouse selling until Musk states he was simply kidding and it falls faster than an elbow from Malone.
LogGrad98
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Roughly the same for me. Although mine is mostly in BTC so I took a little less of a hit but still.
I have dumped about $2500 into various alt-coins and Luna during and right after the crash. I think Mark Cuban is right that this is more like the adjustment that happened when the Internet was new and that a lot of these, especially those with stronger backing, will bounce back. Might be a half a decade or longer and they might never touch their previous highs, but they'll come back up. Luna alone I believe will at least get back to the $1 peg level, maybe even get into the $10-$20 range. I like what they have planned for Terra and that bodes well for a rebound.
I'm still mining and cashing out. I've sold a few cards so instead of where I was at the high point in terms of both my hashrate and difficulty I was cashing out every 5 days for ~$300, then difficulty went up but so did price so I was cashing out for ~$400 every 7-8 days, then it started slipping and I was at ~$300 every 9 days. Right now I'm cashing out every 14 days for ~$200. I've gotten about $3500 selling cards and I think I'm going to sell a big chunk of what I have soon. Card prices have really dropped and if ETH goes POS in August I would have made more money selling the cards 2-3 months ago than I would have mining on them and selling them now.
LogGrad98
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I've been reading that due to the adjustment that just happened they are probably pushing off any major changes until things stabilize again. You could get another few months out of it.
The difficulty bomb hasn't been delayed yet so until that happens I'm planning for ETH to end in a few months.
Yeah, it should be counted as income. If you form an LLC or some other type of business it makes it easier to claim your equipment expenses against mining income.
That said, unless you cross a certain threshold (not sure what it is) places where you keep/transfer your crypto will not need to report your earnings.