Good investment to start mining? | Bitcointalksearch.org

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: Reeseta on January 21, 2015, 09:53:15 AM

My electrical cost are .055 per kw

so when resale do i upgrade to larger units or newer ones? when do i make the decision to grow it.

also if i feel like dumping money into this what would be a break even after 6 months? would i have to spend 1000's or 10,000' or more?

is bit coining still the future.

Bitcoin and Crypto are the future, but mining at home is for all intents and purposes, dead.

No need to pump in more money into dead money, you'll just lose more money unnecessarily.

If you want to just accrue more Bitcoin, buy it. Simple as that.

gkv9

legendary

Activity: 1246

Merit: 1000

!!! RiSe aBovE ThE StoRm !!!

If you are exactly sure about all of your costs and future expenses, then you can just try out these sites in order to see the basic calculations based on which you will get an idea on what to do or what not to do:

https://bitcoinwisdom.com/bitcoin/calculator

http://www.coinwarz.com/calculators/bitcoin-mining-calculator

http://www.vnbitcoin.org/bitcoincalculator.php

Reeseta

newbie

Activity: 2

Merit: 0

My electrical cost are .055 per kw

so when resale do i upgrade to larger units or newer ones? when do i make the decision to grow it.

also if i feel like dumping money into this what would be a break even after 6 months? would i have to spend 1000's or 10,000' or more?

is bit coining still the future.

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Depends, what is your energy/electrical costs?

Really, the only miners you should consider buying:

https://www.bitmaintech.com/productDetail.htm?pid=000201412231604153619o9X1obn0693

or

http://www.spondoolies-tech.com/products/holiday-special-sp20-jackson-shipping-from-stock

That said, unless your costs are $0.04 or $0.05 kW/H, I wouldn't count on mining for ROI or profit.

If your costs are this low, then I personally would mine with the aforementioned miners in the links for like 3-4 months tops, then resell the miners on Ebay for max profit.

Reeseta

newbie

Activity: 2

Merit: 0

Hello,

I am new here looked into mining back in 2013, didn't do it as time was not on my side with stuff. Looking into it now as a fun hobby/investment. But was wondering what it would take to make it worth my wild.

Energy is cheap here, so thinking of starting small, or smaller. What would be the suggested gh/s \ th/s size i should look at starting and what type of investment i want to make. Should i look into 5-10 th/s to even think about starting to mine which would run around $2-$5k. or starting small and moving up? Back when i originally looked into starting to mine was when you used gpu now it totally different. I see a lot of posts about what everyone things about mining.

Just want some opinion to see if I should start or not.

been looking to antminer s4, s5's
yukon 35 spondoolies
usb cards

everything, but not sure if this is something to get started on. I see the long term effect and ability but to volatility is pretty crazy from 2013 15$ a btc to 1k in a couple months. I know that wont happen again or anytime soon.

But what is a realistic look for a newb to start mining. would my money be better spend in stocks or something stupid.

Thank you for the input

Topic: Good investment to start mining? (Read 899 times)