Luckily, out of that, I get free electricity and can run an Antminer S3, so far. I managed, by the skin of my teeth, so to speak, to afford the damn
Antminer S3.
If you are lucky to raise 250 USD or your fiat to get at least an Antminer S3, try and get one and mine ALTCOINS and learn about trading, if you
didn't already. Hey, free electricity in a given case, be it college, paid for by gov agency or whatever, take the opportunity. I had to scrape up the 260
for the miner.
Check the algorithm of your miner; mine is SHA-256, and find a good coin with a passable value per coin. Example; 1.00000000 someoddcoin is
BTC 0.00000250 at least, or if you can, use the smaller values to mine and save for a time. Cash it in when you see a spike of the coin in YoBit, or
other like currency exchanges. You want to see the trade price bar up and NOT down. When it rises, then sell if it reaches your satisfaction.
Save some to get Antminer S4 or higher if you wish with trading and free electricity.
Don't use Cryptsy for now, as there has been some crap happening and everything needs sorting.
*gasp* Did you pay 250USD for an Antminer S3? You can get them for 100USD. 250USD is more in the realm of an Antminer S5.
Also i would advise against gambling, stick to a good Bitcoin pool and put your time into something more constructive.