Topic: 2000$ to invest, right now? (Read 2862 times)
Buy coin, mining economics is unviable and unlikely to improve in the short to medium term
GPU hardware rather than ASIC IMO
invest in coins rather then mining equipment..
GPU hardware rather than ASIC IMO
Use this calculator to see if it's worth it.
http://mining.thegenesisblock.com
Also take into account how long it'll take to get to you and setting it up to mine.
I dumped $7k into building my rigs. I would've made more if I just bought $7k worth of coins. Plus my electricity bills are $3k per quarter. So yeah, I'd buy coins instead.
Hope that helps. =)
http://mining.thegenesisblock.com
Also take into account how long it'll take to get to you and setting it up to mine.
I dumped $7k into building my rigs. I would've made more if I just bought $7k worth of coins. Plus my electricity bills are $3k per quarter. So yeah, I'd buy coins instead.
Hope that helps. =)
you gave no consideration for any real potential loss of btc
for example if the money was in Mt Gox, or BitInstant
not to mention if it was up it too high like those who invested in btc at anything over 900, the money is essentially trapped, that could eat away at you.
imo just buy the btc, eschew mining if you can
Your best bet is investing in GPU. You can start mining scyrpt coins and exchange to btc.
Don't invest in bitcoin mining, you won't be able to have enough hashing powers. If you want invest in some Good GPU's and mine some other alt-coins. Buy Bitcoins if you want, next spike is in 4 months
It's much better to buy Btc. Any current mining gear really isn't a good investment.
personally I would put it into Dogecoin. Its predicted to skyrocket due to it about to half
You probably make wrong choices in your life.
lol
It is predicted to be a pump and dump.
personally I would put it into Dogecoin. Its predicted to skyrocket due to it about to half
You probably make wrong choices in your life.
a good choice...
BFL pre-orders can never be good IMHO
a good choice...
Take these 2000$ and pay a developer to build a cloud mining.
And sell overpriced hashrate to newbies?
Sounds like a plan to get rich
Everybody try it.
Take these 2000$ and pay a developer to build a cloud mining.
And sell overpriced hashrate to newbies?
Sounds like a plan to get rich
That's the point
I meant that's something common out there
Take these 2000$ and pay a developer to build a cloud mining.
And sell overpriced hashrate to newbies?
Sounds like a plan to get rich
Take these 2000$ and pay a developer to build a cloud mining.
I have heard buying rather than mining is the way to go
But lots more knledgeable people on dis forum who can help
But lots more knledgeable people on dis forum who can help
For sure, buy instead of mine. Even if you mine back the same USD over time, the Bitcoins themselves would likely be worth more. ie.
*You spend $2000 at $1000 per BTC, on a miner
*After it dies, you've mined back 1.2 BTC but they are now worth $10k each. You have $12k so you've earned 10k
Instead of this, though, you could have bought 2 BTC and you'd have $20k, or an increase of 18k.
Exactly.
If your mining profitability comes from the expected uprising bitcoin price, it would be better for you to just buy bitcoin directly.
Profit more, and work less.
And risk less... the more variables you bring into the picture (like hardware), the more risk you're adding.
I have heard buying rather than mining is the way to go
But lots more knledgeable people on dis forum who can help
But lots more knledgeable people on dis forum who can help
For sure, buy instead of mine. Even if you mine back the same USD over time, the Bitcoins themselves would likely be worth more. ie.
*You spend $2000 at $1000 per BTC, on a miner
*After it dies, you've mined back 1.2 BTC but they are now worth $10k each. You have $12k so you've earned 10k
Instead of this, though, you could have bought 2 BTC and you'd have $20k, or an increase of 18k.
Exactly.
If your mining profitability comes from the expected uprising bitcoin price, it would be better for you to just buy bitcoin directly.
Profit more, and work less.
I have heard buying rather than mining is the way to go
But lots more knledgeable people on dis forum who can help
But lots more knledgeable people on dis forum who can help
For sure, buy instead of mine. Even if you mine back the same USD over time, the Bitcoins themselves would likely be worth more. ie.
*You spend $2000 at $1000 per BTC, on a miner
*After it dies, you've mined back 1.2 BTC but they are now worth $10k each. You have $12k so you've earned 10k
Instead of this, though, you could have bought 2 BTC and you'd have $20k, or an increase of 18k.
personally I would put it into Dogecoin. Its predicted to skyrocket due to it about to half
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