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Topic: buying or mining - page 3. (Read 1676 times)

legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
May 25, 2013, 09:57:45 AM
#11
Easy: what is cheaper!
member
Activity: 78
Merit: 10
May 25, 2013, 09:38:25 AM
#10
If you had to ask, you cant afford it.

Tongue
newbie
Activity: 4
Merit: 0
May 25, 2013, 08:57:22 AM
#9
And where you can buy shares?

newbie
Activity: 12
Merit: 0
May 25, 2013, 07:03:48 AM
#8
Definitely buying.

When you wanna get into mining you need an ASIC hardware, which is expensive.
It is very unlikely that you will ever break even, because ordering it now (from Avalon, Butterfly labs) you have to wait for months. And the network Hash Rate is drastically increasing making your investment less and less profitable every month. ASICMiner is the only company that delivers ASICs quickly, but again, their hardware is for professionals and you'll need some skill to set it up.

In my opinion the best solution (if you really want to get into mining) is to buy ASICMiner shares. You're getting profits from everything friedcat (company owner) mines with his 22 TH/s machines and you get your cut from every penny he makes on ASIC hardware sales, so you're not all dependent on his mining network percentage. Profits are divided equally on every share (there are 400,000 total shares, ~230,000 still belong to friedcat).

Why shares, not hardware?:
1. You don't need any professional skills.
2. You don't have to spend your time taking care of it.
3. Your money is liquid, you can sell your shares with a single click (and you can't do this with hardware).

Even though buying shares is a risky business, I believe it is fairly safe compared to investing into mining hardware not knowing how to deal with it.
newbie
Activity: 28
Merit: 0
May 25, 2013, 06:43:09 AM
#7
Try mining litecoins? Slightly more lucrative I think.
newbie
Activity: 8
Merit: 500
May 25, 2013, 06:35:03 AM
#7
that is the question....

or ASICMINER shares?
newbie
Activity: 7
Merit: 0
May 25, 2013, 02:01:00 AM
#6
It's really too late to start mining, from what I read.  You can do the investment for the hardware, but really, the only thing that tells you that you will make your money back is butterfly's own calculator.
newbie
Activity: 11
Merit: 0
May 25, 2013, 01:59:07 AM
#5
Nothing wrong with mining on your own hardware for a bit... until you realize it's not going to get you much Smiley
newbie
Activity: 7
Merit: 0
May 25, 2013, 01:47:45 AM
#4
Less investment with buying. 
newbie
Activity: 39
Merit: 0
May 25, 2013, 01:39:43 AM
#3
Why not both?
full member
Activity: 125
Merit: 100
Need someone to handle to be a Campaign Manager?
May 25, 2013, 12:56:06 AM
#2
Buying and mining that is my answer.
newbie
Activity: 22
Merit: 0
May 25, 2013, 12:53:56 AM
#1
that is the question....
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