Forget about all the contract,lease and cloud mining stuff.99,99% scammers.
If you can get cheap electricity,buy mining hardware and mine some altcoins.
If you don`t have cheap electricity,forget about mining.
This is my point of view.
I feel that the btc price will go down during the summer,so it will be the best time to buy btc.
Again,this is just my point of view.
Topic: June 2017 Best choice for mining coins - Buy, lease, contract or trade (Read 774 times)
June 05, 2017, 01:15:14 AM
June 04, 2017, 07:21:57 PM
I would stay away from the contract option. Most sites are scams, and the ones that are not will not make you a profit. I don't know much about the lease option, but like cloud mining, it makes little business sense, so I would not expect it to be profitable.
June 04, 2017, 05:14:33 PM
After a break from mining for some time (when BTC difficulty and Butterfly labs couldn't keep up with demand) I've been pretty inactive in the scene simply trading a few BTC.
I've come to realise with the popularity of Monero, Dash and Etherium recently that there is still plenty of mining scope for GPU miners, something I probably didn't realise as I lost interest in Doge and Litecoin pretty early on. I like using the calculators on Crypto Compare and appreciate they are estimates only.
There are older posts on this topic but I've not seen a recent one comparing all of the options below I'd appreciate some support with:
I would prefer to own hardware, but if there is a good argument to contract or lease, I'd love to hear about it! Thanks in advance for your feedback and thoughts.
I've come to realise with the popularity of Monero, Dash and Etherium recently that there is still plenty of mining scope for GPU miners, something I probably didn't realise as I lost interest in Doge and Litecoin pretty early on. I like using the calculators on Crypto Compare and appreciate they are estimates only.
There are older posts on this topic but I've not seen a recent one comparing all of the options below I'd appreciate some support with:
- WHAT to mine - Current profitability and ROI suggest Ethereum or ZCash, typical ROI ~100 days, will this sustain beyond?
- BUY Option - Do I buy hardware? The pro is I'd own it, the con is short availability of hardware in the market and delay to receive, build and operationalise
- CONTRACT Option - Do I buy a mining contract, such as with Genesis. I won't own hardware but I may get some initial coins before complexity escalates. If I do get a contract, which coin should I mine for?
- LEASE Option - Do I buy mining on demand, such as at Nice Hash? Again I won't own hardware but I may get some initial coins. If I do get a contract, which coin should I mine for?
- TRADE Option - Do I buy and hold and not bother mining, trading between crypto's as price dicates?
I would prefer to own hardware, but if there is a good argument to contract or lease, I'd love to hear about it! Thanks in advance for your feedback and thoughts.
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