Topic: Investing in Bitcoin.. or mining bitcoin? - page 2. (Read 586 times)
I prefer to investing bitcoin than mining bitcoin, 'cuz if you invest bitcoin, your money will get rise and you will earn and earn more money but i depends on the value of bitcoin and the mining bitcoin, you will gain money too but other said that if you'll join mining you need to turn on your computer continuosly , but other said too that it will damaging your computer. so I prefer investing bitcoin. I hope you too.
I do consider this a general discussion but if it needs to be moved, I apologize.
I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.
Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.
WHERE do you all consider the gains are.
For me, just choose investing your money if your just for the profit and time free managing, but if your a miner before and you want to mine again then to do it because using that huge amount of money to start mining again is a big start to mine. Either of the two has its own positive outcomes and negative but if you know your doing well then nothing bad might happens. I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.
Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.
WHERE do you all consider the gains are.
investing and mining both have risks of why to calculate profits whereas we know that whatever we do is not always profitable, go to think that there are risk factors in both
It depends on you, likes to bother yourself or not. Mining with its own troublesome equipment is a matter of care and maintenance costs, including hardware and software.
Also the problem with time, whether have a lot of time or not to do the routine maintenance.
Your experience says that there is a problem with electricity bills, if you have money, maybe buy a miner like Baikal Giant, which is very low electricity consumed.
Positive we can monitor what happens, income and so on, negatively we still have maintenace, electricity costs and maybe a wallet problem if suddenly our computer OS error or update suddenly.
It's a good idea to try cloud mining that offers a lifetime investment, eg genesis-mining, some time ago in the open again indent to invest for life.
Positive no need to trouble maintenance and electrical charges, the negative problem of our curiosity every day gets how much.
regards,
me
I think it's both - investing to get more value from your BTC, mining to get more BTC.
Yes both are profitable when it comes to earn bitcoin, but for me i choose investment in bitcoin because even without do anything you can get/gain your profit rather than mining, that's my own opinion that's why i choose investment.
Bitcoin now difficult to mined. More difficult than before. So i will prefer to invest than mining..
I think it's both - investing to get more value from your BTC, mining to get more BTC.
Side note - I'm a proponent to the investing side. That's where I believe the gains would be with a 15k investment VERSUS 15k in bitcoin mining hardware. This was all a hypothetical seeking everyone's opinion about bitcoin mining this late in the game.
I do consider this a general discussion but if it needs to be moved, I apologize.
I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.
Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.
WHERE do you all consider the gains are.
This both is good but its more risky in investing but you have invest your money you will get huge of money someday but in mining you need money to buy anything to build a mining system in your computer but mining is the best for now because theres a lot of altcoin than bitcoins.I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.
Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.
WHERE do you all consider the gains are.
I disagree when you say its more risky to invest versus mining bitcoin..think about BTC hardware resell value. Think about how its the only coin with it's price on the moon right now, the potential it has to crash versus other new growing technologies- where theres room to grow and so much more room for gains compared to starting to mine btc at this point in time.
I guess the topic writer here, has sufficient knowledge about mining...
I have just one little question, what is the latest mining machine, model and version?
What is it present cost?
Thanks
I have just one little question, what is the latest mining machine, model and version?
What is it present cost?
Thanks
I'm not big into ASIC mining but I'd imagine most people go for L3+, S7's, or those A6 Avalon setups.
Take a look at bitmains website as well as parallelminer.com
https://www.parallelminer.com/product-category/asic-miner/
It is depending of your skill mate. I think invest is suggested because we can get quicker income and bigger.
You know better what kind of skills you have. If you have enough experience on investment you can go for it. It is profitable but it has a little risk to lose capital. Instead of investment, you can hold bitcoin.
I do consider this a general discussion but if it needs to be moved, I apologize.
I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.
Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.
WHERE do you all consider the gains are.
I think that if i have such amount of money in my possession i will not invest in mining Bitcoin but i will rather invest in Bitcoin and altcoins by way of buying them and stored for a while pending when its value appreciate. I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.
Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.
WHERE do you all consider the gains are.
I do consider this a general discussion but if it needs to be moved, I apologize.
I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.
Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.
WHERE do you all consider the gains are.
This both is good but its more risky in investing but you have invest your money you will get huge of money someday but in mining you need money to buy anything to build a mining system in your computer but mining is the best for now because theres a lot of altcoin than bitcoins. I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.
Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.
WHERE do you all consider the gains are.
I guess the topic writer here, has sufficient knowledge about mining...
I have just one little question, what is the latest mining machine, model and version?
What is it present cost?
Thanks
I have just one little question, what is the latest mining machine, model and version?
What is it present cost?
Thanks
Considering the current difficulty level of bitcoin, the decision depends on the electricity cost in your area. If the electricity cost is very cheap in your area, I believe you can continue with the altcoin mining and later exchange it to bitcoin through an exchange. But if the electricity cost is on the higher side, it is better to invest in bitcoin and hold for long time. Considering the exponential growth that bitcoin has shown, Your return will also be huge. So I will recommend buying and holding bitcoin instead of mining at this point.
I agree with you, I got out of alt coin mining merely because of electricity cost and found investing in the right options can have far higher benefit.
Depends on your time and skills I would say. Mining don't ask so much time as it runs one once set up. But you have to invest and won't get back your investment immediately, according bitcoin price will continue to raise.
À portfolio can ask for more time and skills, especially if you want to trade. But your investment is always here and available if you need it.
À portfolio can ask for more time and skills, especially if you want to trade. But your investment is always here and available if you need it.
i agree mining are long term retuern profit and need big capital to setting up the equipment but for me is profitable without any hushle, inveating in bitcoin are also nice idea's but you need to decide what kind of investing do you like, holding in long or invest in ICO"s project or in the trading all of this is profitable but need to need to carefull in trading have a risk, and ICO investing need to study and investigate the project it is legit not scam.
Me personally, I research the dev teams tech, what they're about, why they're about it. What purpose it'll serve in the future.. and go in. And my portfolio's done extremely well because of it. I'm just curious peoples opinion this late in the game with such a high BTC price, whether dumping a ton of money into it, would be able to compete-- fuck it even break even, at this point.
Considering the current difficulty level of bitcoin, the decision depends on the electricity cost in your area. If the electricity cost is very cheap in your area, I believe you can continue with the altcoin mining and later exchange it to bitcoin through an exchange. But if the electricity cost is on the higher side, it is better to invest in bitcoin and hold for long time. Considering the exponential growth that bitcoin has shown, Your return will also be huge. So I will recommend buying and holding bitcoin instead of mining at this point.
Depends on your time and skills I would say. Mining don't ask so much time as it runs one once set up. But you have to invest and won't get back your investment immediately, according bitcoin price will continue to raise.
À portfolio can ask for more time and skills, especially if you want to trade. But your investment is always here and available if you need it.
À portfolio can ask for more time and skills, especially if you want to trade. But your investment is always here and available if you need it.
So basically your opinion is mining is a gamble while you have to one, wait on a return of your hardware, two, pray the price of the coin you're mining holds its value.
On the contrary, whereas if you invest and begin to lose in a CERTAIN area, you can sell and take minimal loss..
If you had the option to invest 15k in BTC mining equipment or 15k in a smart diversified portfolio (with minimal trading, if you're into trading)..what would you rather put you're money on?
Depends on your time and skills I would say. Mining don't ask so much time as it runs one once set up. But you have to invest and won't get back your investment immediately, according bitcoin price will continue to raise.
À portfolio can ask for more time and skills, especially if you want to trade. But your investment is always here and available if you need it.
À portfolio can ask for more time and skills, especially if you want to trade. But your investment is always here and available if you need it.
i agree mining are long term retuern profit and need big capital to setting up the equipment but for me is profitable without any hushle, inveating in bitcoin are also nice idea's but you need to decide what kind of investing do you like, holding in long or invest in ICO"s project or in the trading all of this is profitable but need to need to carefull in trading have a risk, and ICO investing need to study and investigate the project it is legit not scam.
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