I am new here and my name is Mike. A few months ago i purchased some bitcoins online and spent some of them then never toched them again. I just found out that they are now worth 10-fold the price i had originally purchased them for. Well, this interests me a lot more now, and I would like to mine.
I originally purchased ~2.37 and still have 1.55 left. My original investment being ~200 euro. Well now they are worth over 1200 euro to my surprise.
- I don't want to buy more, instead I want to use my current profit (~1000€) to make more.
- I don't want to invest solo in an expensive machine that will be obsolete in a year.
So based on quick research I did today, I can Cloud-Mine, or I can have shares in a machine to be purchased in the future (based on this Forum link )
Ive looked into one Cloud mining company (cloud hash) only to find out it's a bad investment (also a topic on this board).
So I guess my question(s) is: What would be the best way for me to mine given my needs? Should I buy shares into a machine that will be ordered? Or are there other, better companies i can buy contracts to that will give me a decent return with much less time spent waiting.
All your help is appreciated greatly, I look forward to being a part of the community.
-Mike/Randomjuice/RJ