giving some thought to ways in which we might start bringing income in sooner rather than later. Around the same time, I
was also checking my Bitcoin wallet and noticed that I'd received my daily earnings from NiceHash.com, where I rent my own
meager Scrypt hashing power when I'm not using my gridseeds.
Then it occurred to me...
I have proposed to the team that we purchase a couple of ASIC miners - at least 1 TH/s apiece - that could be used to
generate an income in any one (or combination) of three ways:
1. We use them to mine BTC directly.
2. We use them to mine any likely looking SHA-256 coins that come out.
3. We rent out the hashing power through NiceHash.com or similar outfit.
So whether we're mining or we're renting out the hashing power, we're still generating income.
What are your thoughts?
I've been looking at the following miner:
http://www.bitcrane.com/goods.php?id=1
I welcome any advice / suggestions.
Thanks!
Cynthia
This is good thinking as long as the diminishing returns are factored in. I think we are a few days from another diff increase so your calculated return will be less even before the miner is shipped.
Wait until after tomorrow and pay attention to the news GAW miners CEO will release regarding Project Prime. It could be a game changer for miners and alleviate the hassles of hosting yourself.