Back then, the market was a bit like now. From the late 2017 bull market peak, Bitcoin dropped from 19,000 to 8,000, and E from 1,400 to 500. Later, in June, I set up a mining farm. The break-even price for B mining was 6,800, and I thought I could hold onto my coins until the bull market...
By the end of 2018, B dropped to 3,200, and E to 80 USD. My mining farm was paying 480,000 yuan in electricity costs per month. I had just graduated and didn't have much savings, so I couldn't keep up, and eventually it all fell apart. The machines were secretly sold by someone.
The bear market is really tough and so long.
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I registered for gate🤣 back in April 2018.
Back then, the market was a bit like now. From the late 2017 bull market peak, Bitcoin dropped from 19,000 to 8,000, and E from 1,400 to 500. Later, in June, I set up a mining farm. The break-even price for B mining was 6,800, and I thought I could hold onto my coins until the bull market...
By the end of 2018, B dropped to 3,200, and E to 80 USD. My mining farm was paying 480,000 yuan in electricity costs per month. I had just graduated and didn't have much savings, so I couldn't keep up, and eventually it all fell apart. The machines were secretly sold by someone.
The bear market is really tough and so long.
Gate Year-End Summary Link