Crypto Portfolio Daily Dose #24

Today was a slow day on portfolio gains. So let me see if I can give you guys an update under 300 words. I did a withdraw from a faucet today as well as receive a payment from someone renting my mining rig last night for 4 hours. So that was 0.0074537 LTC from those two.

As for trading, someone bought up dash while I was sleep. I guess they was trying to get a dash shared masternode slot or something. Because my limit order sell was pretty high for dash at the moment. Also, I made another limit order to buy dash again around 0.0012 btc. Its a bit lower than market price as well as the 0.022 dash I received from the mining pool today. I put at a limit order above market price.

Trading one pair made me realize what prices I can buy and sell but... I have to wait some time for others to dump their dash to reach my buy order or wait some time for the buyers to run up the price to reach my sell order. Unless the pair is really active then sometimes I can have my orders in the front of the line on both sides of the trade.

One last thing, I switched from mining ETH to ETC. Its about 2k sats more per day but I mainly wanted to moving my mining funds elsewhere. So when my old mining pool finish auto-exchanging the ETH to DASH. I will receive another 0.02 dash tomorrow and the new mining pool has a low minimum payout for ETC. So I expect to get 1 payment while I am asleep tonight and another one before I write tomorrow's post.

I plan to use these mining funds to build a mining rental budget. I been watching the market price for rentals. I just need to either see the prices drop a little more or catch the cheap ones once I move the funds to my account.

Given that ETC is earning more than ETH. I could find a cheap mining rig with a lot of hash power and rent it for a short amount of time. Most of the miners price their rig off of ETH mining income. As soon as I receive payment from the mining pool. Decide which exchange to use, convert to the crypto they accept, thats not BTC or ETH. Those 2 network fees are to high these days. Send it back to my account to rent another rig or extent the rental of the high hash.

My only issue with this strategy is, I have to actively watch for new rentals be available and keep on top of when payments come in. Because if I'm not quick enough, I could miss a cheap rig which delays the strategy or lose money on the strategy altogether.

Current Goals

I tried to stay under 300 words. At least its only a little over 500 words this time. :)