Investing In Hardware | Bitcointalksearch.org

honeyminingcheng

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Quote from: DannyTorn on October 22, 2021, 04:36:04 PM

Hello everyone, I am new in investing and trading. So, what I think about in a recent days is investing in hardware.
Bitcoin mining, e-sport and around e-sport things (like streaming etc.)
What do you think about that? I think that hardware will show grow in prices only.. Share your thoughts on this.

When you say investing in mining hardware, do you mean to buy a mining machine and wait for the price to rise before selling it, or do you mean that you have a suitable venue, so you are going to buy a mining machine for mining?
If it's the first, I advise you not to invest in bitcoin hardware，but if you have the right place to mine, then I think any time is the right time, because the return on investment of mining is higher than most other industries.

m2017

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keep walking, Johnnie

Quote from: DannyTorn on October 22, 2021, 04:36:04 PM

Hello everyone, I am new in investing and trading. So, what I think about in a recent days is investing in hardware.
Bitcoin mining, e-sport and around e-sport things (like streaming etc.)
What do you think about that? I think that hardware will show grow in prices only.. Share your thoughts on this.

If you are planning to invest in mining hardware, then I think this is not a good idea. Technologies tend to become obsolete and cheap very quickly, which means that newer and more productive hardware will appear on the market. Against this background, what you bought earlier will be of little demand, which means it will lose in price. From this point of view, it is not profitable, which means why such an investment.

Another story if you will use this hardware, then your activity will be called not investing in hardeware, but in mining. In this case, you will profit from mining and then from selling hardware if you do it at the right time.

zeenat ali

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Quote from: michellee on October 26, 2021, 02:29:30 AM

Do you mean investing in the mining hardware? If yes, I do not think that will be worth doing because we know that the hardware companies release a new graphic card almost every month and the mining companies can also release the newest hardware to mining. So maybe it will be better if you allocate your money to invest in coins such as bitcoin, ethereum or bnb. That will be worth doing since bitcoin and altcoin can increase again this year. But that is up to you because we can only suggest to you what is the recommended thing that you can do to invest in crypto.

Yes I also think it is best to invest in coins.

Turkish88

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today is not comfortable time to buy mining hardware.
today we see dump of altcoins, good time to invest in crypto, and then you can buy hardware from profit.

HagssFIN

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Electrical engineer. Mining since 2014.

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BillyPizzaman

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Quote from: DannyTorn on October 22, 2021, 04:36:04 PM

Hello everyone, I am new in investing and trading. So, what I think about in a recent days is investing in hardware.
Bitcoin mining, e-sport and around e-sport things (like streaming etc.)
What do you think about that? I think that hardware will show grow in prices only.. Share your thoughts on this.

So I'm running a poll for a friend of mine on this similar topic, but for used.

In short, is investing in used hardware worth it for mining? This may be used as a study on a large scale news article at MediaPeanut (A friend of mine is publishing there)

Just hoping to use some of your guys answers in the published article. If I do, I'll reach out to each user for approval. I just sent a poll out on here, but not sure how it works lol

philipma1957

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Quote from: hugeblack on October 23, 2021, 10:02:37 AM

You can invest in such devices if you expect a problem in the supply chains, have experience and trust to be able to sell them at the right time, but in general electronic devices are not an investment because their value is declining over time due to the presence of better and more advanced devices always, in addition to the increasing difficulty of Bitcoin mining.

So unless you have experience, a good plan and know what you are doing, buying a Hardware hoping to make a profit is a wrong strategy.

Yeah you really need to know what you are doing if you think you can buy 10,000 in mining gear and flip it for 20,000 in six months.

BTW July 2020 Ebay was selling bitmain L3+ miners with a psu for about 100 USD

Same gear is now over 1000 USD

I would argue mining gear is very inflated do not buy, but If you purchased in Jan to June 2021 you likely did okay.

So if you buy today will a piece of gear be 2x in a year .

I have zero idea.

BillyPizzaman

newbie

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Quote from: flip4flop on October 26, 2021, 10:17:28 AM

I disagree it is smart to invest in hardware but you need to search out deals and be patient. Every single person who has chased deals at highs should still recover their initial investment but the runway to do so is longer. If you are patient and ensure you are not overpaying you will be fine as long as you dont put yourself in financial hardship. I have been doing this since 2017 and have heard the same people say how mining is not worth yet I have more BTC and ETH now than I ever would have if I just bought and held.

Well, yeah if you did this from 2017 and a large increase in price of BTC occured of course its worth it... Worth it is also relative to the person. How much effort it takes ONE person is not the amount it takes the next

flip4flop

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I disagree it is smart to invest in hardware but you need to search out deals and be patient. Every single person who has chased deals at highs should still recover their initial investment but the runway to do so is longer. If you are patient and ensure you are not overpaying you will be fine as long as you dont put yourself in financial hardship. I have been doing this since 2017 and have heard the same people say how mining is not worth yet I have more BTC and ETH now than I ever would have if I just bought and held.

michellee

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Do you mean investing in the mining hardware? If yes, I do not think that will be worth doing because we know that the hardware companies release a new graphic card almost every month and the mining companies can also release the newest hardware to mining. So maybe it will be better if you allocate your money to invest in coins such as bitcoin, ethereum or bnb. That will be worth doing since bitcoin and altcoin can increase again this year. But that is up to you because we can only suggest to you what is the recommended thing that you can do to invest in crypto.

walkerswsakb

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Yup. Exponential growth has only just begun, it's early still, and the exponential age is yet an acorn. i suppose massive deflation is on the horizon.

hugeblack

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Buy/Sell crypto at BestChange

You can invest in such devices if you expect a problem in the supply chains, have experience and trust to be able to sell them at the right time, but in general electronic devices are not an investment because their value is declining over time due to the presence of better and more advanced devices always, in addition to the increasing difficulty of Bitcoin mining.

So unless you have experience, a good plan and know what you are doing, buying a Hardware hoping to make a profit is a wrong strategy.

DannyTorn

newbie

Activity: 3

Merit: 0

Hello everyone, I am new in investing and trading. So, what I think about in a recent days is investing in hardware.
Bitcoin mining, e-sport and around e-sport things (like streaming etc.)
What do you think about that? I think that hardware will show grow in prices only.. Share your thoughts on this.

Topic: Investing In Hardware (Read 393 times)