Hi I am new to the bitcoin community. I heard about it for the first time a few months ago and have been very interested in it since. I believe this is the next generation. I have done tons of research and have learned both positive and negative opinions on mining bitcoin today. The question I really want answered is I have some money put back that I want to invest in something and was thinking of buying one or two of the Neptune rigs from knc miner. Do you think this is a good idea? Is bitcoin worth mining anymore. Should I take a different route to mining bitcoin that would work better and what would u suggest. Thanks!
It is, I sold out of mining contracts this week, I'm adding more hardware now.
Here's what I've noticed:
-People are going to tell you it's not worth it because the difficulty keeps rising. Difficulty will rise, but don't panic over it...
-You're going to hear to just buy BTC and don't bother mining... do both. The old advice still holds true, buy low and sell high.
-You are going to have to "buy in" now, expect to spend a several thousand dollars now (upwards of 5k) to mine for profit. If you just want to have fun and mine, just get a used 5 or 10 gh/s asic from ebay. The days of starting with a bunch of computers with GPU's and making a few thousand a week are long gone.
-Don't ignore the other alternative cryptocurrency, remember though that they all trade in for BTC at some point.
I had a 12000% profit in mining, so don't let people scare you out of the mine. Grab your asic and jump in...
