I have $40,000 to invest | Bitcointalksearch.org

fivesky55

newbie

Activity: 28

Merit: 0

Quote from: fellowdj on September 09, 2013, 10:36:02 AM

Quote from: BitcoinMillionaire on September 09, 2013, 01:18:58 AM

thanks to everyone. I have decided to just invest in the coin and not worry about mining. it seems to be falling now so I might wait a few weeks. hopefully i can pick it up at $100/each.

Investing can be fun! Have you thought about trading in altcoins? I have been and it's kept me entertained seeing the prices go up

I use Vircurex and have this Referral Code that gives you 10% off fees + extras if you want to give it a go:

Referral Code: 534-2017

More info:
https://bitcointalksearch.org/topic/does-anyone-need-a-vircurex-referral-code-10-off-fees-287997

Hi,
As current volatility in bitcoin market and exchanges, it is actually not a good time to trade in bitcoin! Due to the high charges as compared to forex market or commodities, maybe another 5 times of current daily trading volumes only will view as a profitable chances to jump in! Just for reference!

Cheers

fellowdj

full member

Activity: 177

Merit: 100

Quote from: BitcoinMillionaire on September 09, 2013, 01:18:58 AM

thanks to everyone. I have decided to just invest in the coin and not worry about mining. it seems to be falling now so I might wait a few weeks. hopefully i can pick it up at $100/each.

Investing can be fun! Have you thought about trading in altcoins? I have been and it's kept me entertained seeing the prices go up

I use Vircurex and have this Referral Code that gives you 10% off fees + extras if you want to give it a go:

Referral Code: 534-2017

More info:
https://bitcointalksearch.org/topic/does-anyone-need-a-vircurex-referral-code-10-off-fees-287997

BitcoinMillionaire

full member

Activity: 168

Merit: 100

Bling Bling

thanks to everyone. I have decided to just invest in the coin and not worry about mining. it seems to be falling now so I might wait a few weeks. hopefully i can pick it up at $100/each.

creativex

sr. member

Activity: 434

Merit: 250

If you want to dabble in mining hardware then bitfury 55nm products for Oct delivery = easy decision. Ignore all the 28nm magical unicorn powered ASIC hype until someone actually makes a real live tangible product AND ships it...hold the vapors. Even then, do not be drawn into a long lead time order queue, these are ROI meat grinders with massive risk and little associated upside at this point.

Exchange some fiat for bitcoin and then exchange some bitcoin for litecoin. Something along the lines of a 90/10 BTC/LTC split. Ignore all the other alts.

Then if you're really feeling adventurous down the road and have done mass quantities of research you can deploy some portion of your cryptos and invest in a few established crypto securities. If you do this last then do so in an absolutely sterile emotionless fashion(or as near as you can manage). This is the unregulated wild west and there are people all over that attempt to cause large price swings just to shake out weak hands and increase their profits at others' expense.

Best of luck whatever you decide.

davewr2013

full member

Activity: 238

Merit: 100

Bitcoin For All

If you want to buy a miner and can't get immediate delivery -- or close to it.

I would recommend using the money as a down payment on a cottage or a boat.

Beta-coiner1

hero member

Activity: 532

Merit: 500

If it were me I would split it evenly between mining hardware and buying BTC.

I would put in a range of buy orders for BTC of ~15,000 when the market seems to be plunging and buy the rest in LTC.For any BTC ASIC,I would wait until one of the .28 nm ASIC companies to deliver on one of their products first and if it is successful invest in their upcoming generation.

I think by the end of the year we might be looking at devices closing in on well over 200 terahash next year.

fivesky55

newbie

Activity: 28

Merit: 0

Quote from: 420 on September 07, 2013, 03:06:44 PM

Quote from: ||bit on September 07, 2013, 02:41:39 PM

Quote from: 420 on September 07, 2013, 01:43:28 PM

What a fantastic community; all these guys jumping in to help

My advice/opinion would be to buy btc mainly; its been sideways for a while it's about time to have a good sustained rally

but diversification is best; so maybe use 10k to buy some mining equipment from one of the best producers, avalon or asicminer, and the rest just purchase btc

oh and this should be in the 'mining support' section:
https://bitcointalk.org/index.php?board=40.0

Can you justify recommending to order either avalon or asicminer hardware at this time? What would be the time to ROI for either hardware even if received today?

Test your idea here:
http://mining.thegenesisblock.com/

both those companies showed they can make hardware faster than other companies

no one knows the btc price so it's always a gamble with ROI

no one talks about a damn timeframe when they mention ROI. it's like everyone expects to get their month back in 6 months; that's ridiculous. If you only plan to fuck with btc for 6 months, you don't get much respect from the veterans here.

Hi Man,
I love your quotes! And I love what you can see in the future! Most people here seems not really love in bitcoin, what they are thinking is just a quick getting rich schemes in a very short time! If so many experts that find ROI is so difficult to archieves, why they are still so donk to invest so much money to build farm or data centre? Invest in a business and hoping 6 months to ROI, it's got to be kidding! That's call quick get rich schemes or ponzi, not investment in a long term business!

Cheers!

mgio

hero member

Activity: 546

Merit: 500

Don't mine.

Use it all to buy BTC.

Invest those btc in bonds with a guaranteed yield like Xbond, ukyo.loan, and great.loan all of which pay 18.5% APY. Invest in coinlenders too although I consider that more risky.

ralree

hero member

Activity: 518

Merit: 500

Manateeeeeeees

Quote from: BBazaar on September 06, 2013, 10:13:30 AM

This is significantly less than the average .15 to .18 that most americans pay, and in the EU rates can exceed .30/kwh.

Um not many people in the US pay that much for power. Most people fall into the 0.11 to 0.14 category.

http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a

01BTC10

vip

Activity: 756

Merit: 503

If you're tempted about trying trading, since the majority of traders lose on the long run I would put 70-90% of my holding on several papers wallet that I wouldn't touch. Maybe you could also invest some on https://www.havelockinvestments.com the platform I trust the most.

Zeek_W

sr. member

Activity: 336

Merit: 250

Invest by betting on Satishi Dice Tongue

Just kidding!

You could buy and hold a chunk of BTC, and also try some BTC market trading? Would probably get a better return that mining in the long run.

DyslexicZombei

sr. member

Activity: 364

Merit: 250

Quote from: ||bit on September 07, 2013, 03:04:22 PM

Quote from: joshv06 on September 07, 2013, 02:46:25 PM

My partner and I invested 70k in HashFast

You got a deal that is no longer available to the person that started this thread. All HashFast pre-order spots are filled. Your deal includes a ROI guarantee that could provide you with 400% more hashing power. I don't think this guarantee will come with subsequent orders.

Heh, I agree. cypherdoc kind've spilt the beans a bit that they're prepping to trigger the MPP. John S. hasn't mentioned anything official yet. Something about HashFast being able to do it because they went: small? Huh

So in the near term, bare rigs with cheap high quality chips could be a winner with HF & CT most liking having to trigger their MPP...which is why it looks like me & several other miners are chipping in to help Barntech to do some bare rigs that just need chips from HashFast and Cointerra. I have this dastardly plan where we offload the customer service and education stuff to us so he can focus on getting product out the door faster instead of answering questions, handling sales, refunds, basic tech support, etc..

Anyone else interested in helping out please let us know. We've got a handful of vetted members so far willing to help out Barntech in whatever way we can help:

You can also leave your first reservations on that thread. We're aiming for speed to market w/ the best quality parts as soon as tech specs/schematics are available.

Thirdly, Barntech was talking about a $650 32GH/s unit also being a possibility, if that's interesting as well please leave your comments and/or reservations on this thread: https://bitcointalksearch.org/topic/first-avail-reserv-cthf-bare-rig-gb-bitmine-28nm-chip-buy-discussion-288101

TL;DR: If a HashFast or Cointerra bare rig, and/or $650 32GH/s sound interesting, please let Barntech & other system builders know in the thread link above.

||bit

hero member

Activity: 924

Merit: 506

Quote from: 420 on September 07, 2013, 03:06:44 PM

Quote from: ||bit on September 07, 2013, 02:41:39 PM

Quote from: 420 on September 07, 2013, 01:43:28 PM

What a fantastic community; all these guys jumping in to help

My advice/opinion would be to buy btc mainly; its been sideways for a while it's about time to have a good sustained rally

but diversification is best; so maybe use 10k to buy some mining equipment from one of the best producers, avalon or asicminer, and the rest just purchase btc

oh and this should be in the 'mining support' section:
https://bitcointalk.org/index.php?board=40.0

Can you justify recommending to order either avalon or asicminer hardware at this time? What would be the time to ROI for either hardware even if received today?

Test your idea here:
http://mining.thegenesisblock.com/

both those companies showed they can make hardware faster than other companies

no one knows the btc price so it's always a gamble with ROI

no one talks about a damn timeframe when they mention ROI. it's like everyone expects to get their month back in 6 months; that's ridiculous. If you only plan to fuck with btc for 6 months, you don't get much respect from the veterans here.

Those companies can make and ship a million units a day, but as the difficulty get's higher, there could be zero return on investment in all time frames. The only way to counter the observed increase rate in difficulty is progressively cheaper & more efficient equipment and/or much higher bitcoin price. Avalon and Asicminer are among the least efficient asic equipment out there (BFL and BitFury both ship and have better efficiency). With a more conservative monthly difficulty increase of 60% (it's averaging 70% now) and bitcoin valued at $250 (double the current price) you would STILL be making a losing investment in both Avalon and Asicminer for at least the next year with no hope for ROI. If you plan to break even in one year due to bitcoin increasing, then you should just buy bitcoin instead of turning your wheels to catch up with your ass.

If you can't get some serious leveraged deals, then the best thing is to hold bitcoin for now, imo.

As for respect of bitcoin enthusiasts, that has zero bearing on the wisdom of an investment.

joshv06

hero member

Activity: 991

Merit: 500

Quote from: ||bit on September 07, 2013, 03:04:22 PM

Quote from: joshv06 on September 07, 2013, 02:46:25 PM

My partner and I invested 70k in HashFast

You got a deal that is no longer available to the person that started this thread. All HashFast pre-order spots are filled. Your deal includes a ROI guarantee that could provide you with 400% more hashing power. I don't think this guarantee will come with subsequent orders.

Thanks, we are in the first 350 orders. I guess if I were the OP, I would go with Cointerra or Xcrowd. Although I haven't really been keeping up with the "politics" of them. Don't know if they're delayed or what's up. Cointerra seems promising.

420

hero member

Activity: 756

Merit: 500

Quote from: ||bit on September 07, 2013, 02:41:39 PM

Quote from: 420 on September 07, 2013, 01:43:28 PM

What a fantastic community; all these guys jumping in to help

My advice/opinion would be to buy btc mainly; its been sideways for a while it's about time to have a good sustained rally

but diversification is best; so maybe use 10k to buy some mining equipment from one of the best producers, avalon or asicminer, and the rest just purchase btc

oh and this should be in the 'mining support' section:
https://bitcointalk.org/index.php?board=40.0

Can you justify recommending to order either avalon or asicminer hardware at this time? What would be the time to ROI for either hardware even if received today?

Test your idea here:
http://mining.thegenesisblock.com/

both those companies showed they can make hardware faster than other companies

no one knows the btc price so it's always a gamble with ROI

no one talks about a damn timeframe when they mention ROI. it's like everyone expects to get their month back in 6 months; that's ridiculous. If you only plan to fuck with btc for 6 months, you don't get much respect from the veterans here.

||bit

hero member

Activity: 924

Merit: 506

Quote from: joshv06 on September 07, 2013, 02:46:25 PM

My partner and I invested 70k in HashFast

You got a deal that is no longer available to the person that started this thread. All HashFast pre-order spots are filled. Your deal includes a ROI guarantee that could provide you with 400% more hashing power. I don't think this guarantee will come with subsequent orders.

joshv06

hero member

Activity: 991

Merit: 500

My partner and I invested 70k in HashFast

||bit

hero member

Activity: 924

Merit: 506

Quote from: 420 on September 07, 2013, 01:43:28 PM

What a fantastic community; all these guys jumping in to help

My advice/opinion would be to buy btc mainly; its been sideways for a while it's about time to have a good sustained rally

but diversification is best; so maybe use 10k to buy some mining equipment from one of the best producers, avalon or asicminer, and the rest just purchase btc

oh and this should be in the 'mining support' section:
https://bitcointalk.org/index.php?board=40.0

Can you justify recommending to order either avalon or asicminer hardware at this time? What would be the time to ROI for either hardware even if received today?

Test your idea here:
http://mining.thegenesisblock.com/

420

hero member

Activity: 756

Merit: 500

What a fantastic community; all these guys jumping in to help

My advice/opinion would be to buy btc mainly; its been sideways for a while it's about time to have a good sustained rally

but diversification is best; so maybe use 10k to buy some mining equipment from one of the best producers, avalon or asicminer, and the rest just purchase btc

oh and this should be in the 'mining support' section:
https://bitcointalk.org/index.php?board=40.0

polarhei

sr. member

Activity: 462

Merit: 250

Firing it up

40K USD on hand. You better invest on Scrypt mining instead of SHA256 mining.

I think, the amount is enough to build the Oil fish's oil (Mineral oil or Vegetable oil) array.

Each being should be executed with many 7970s.

If unsure, You may invest on the given company, Perhaps you should discuss this with cloudhashing as 1 Thash/s may come reasonable. I think.

Topic: I have $40,000 to invest (Read 4645 times)