I initially looked into mining BTC early last year but decided it was not worth it. Took me many months later to discover alt coins and a much bigger picture in the cryptospace. I look at mining as a way to supplement my bi-weekly coin purchases. Really looking to mine and hold.......Profit taking should come much later. If the price stays consistent (not likely) or goes up, mining is profitable. If it all comes crashing down I buy more coins......rinse and repeat. 
Topic: lol so many newbs flooding the forum asking same questions - page 4. (Read 3426 times)
Everyone was a noob at one time. I initially looked into mining BTC early last year but decided it was not worth it. Took me many months later to discover alt coins and a much bigger picture in the cryptospace. I look at mining as a way to supplement my bi-weekly coin purchases. Really looking to mine and hold.......Profit taking should come much later. If the price stays consistent (not likely) or goes up, mining is profitable. If it all comes crashing down I buy more coins......rinse and repeat.
I initially looked into mining BTC early last year but decided it was not worth it. Took me many months later to discover alt coins and a much bigger picture in the cryptospace. I look at mining as a way to supplement my bi-weekly coin purchases. Really looking to mine and hold.......Profit taking should come much later. If the price stays consistent (not likely) or goes up, mining is profitable. If it all comes crashing down I buy more coins......rinse and repeat. 
The reason that I am getting into it is because I saw an article about the price of bitcoin - as I'm sure many newbies did.
I remembered that I had a small amount of bitcoin in a coinbase account that I created about a year and half ago. I logged in and saw that my balance was about 6 times the original amount.
I recently quit my job and am looking for some passive income. This will not be my only income - just supplemental.
The money I'm putting into my rigs is all from two real estate sales profits from earlier this year.
I'm going to build 6 rigs. I'm considering selling 2 or 3 of them to reduce my cash invested and mine various coins and let them just accumulate.
I don't believe it's too late to start. There are over 700 currencies, so there is opportunity.
I do wish I had started back when you did, but circumstance back then wouldn't allow the investment.
Congrats to you on your success.
Im not succesful just have a small farm suplementing my incomeI remembered that I had a small amount of bitcoin in a coinbase account that I created about a year and half ago. I logged in and saw that my balance was about 6 times the original amount.
I recently quit my job and am looking for some passive income. This will not be my only income - just supplemental.
The money I'm putting into my rigs is all from two real estate sales profits from earlier this year.
I'm going to build 6 rigs. I'm considering selling 2 or 3 of them to reduce my cash invested and mine various coins and let them just accumulate.
I don't believe it's too late to start. There are over 700 currencies, so there is opportunity.
I do wish I had started back when you did, but circumstance back then wouldn't allow the investment.
Congrats to you on your success.
all im saying is mining is like maybe 1/3 of the way to make money in this crypto boom
you need to suplement this with trading investing in Icos buying low selling high or just holding some of
the good assets. I make more from Ico,s and trading selling on paxful for 20 percent profit than i make mining
not saying its too late , but mining should be only one of your focuses , the main issue right now
for new miners is the rising price of cards and hardware and flat out dissapearance of Rx cards.
I feel likw even if the scarcity ends (which i doubt for a few months) prices will remain high which benefit large farms
who source in bulk and those who have already roied
The reason that I am getting into it is because I saw an article about the price of bitcoin - as I'm sure many newbies did.
I remembered that I had a small amount of bitcoin in a coinbase account that I created about a year and half ago. I logged in and saw that my balance was about 6 times the original amount.
I recently quit my job and am looking for some passive income. This will not be my only income - just supplemental.
The money I'm putting into my rigs is all from two real estate sales profits from earlier this year.
I'm going to build 6 rigs. I'm considering selling 2 or 3 of them to reduce my cash invested and mine various coins and let them just accumulate.
I don't believe it's too late to start. There are over 700 currencies, so there is opportunity.
I do wish I had started back when you did, but circumstance back then wouldn't allow the investment.
Congrats to you on your success.
I remembered that I had a small amount of bitcoin in a coinbase account that I created about a year and half ago. I logged in and saw that my balance was about 6 times the original amount.
I recently quit my job and am looking for some passive income. This will not be my only income - just supplemental.
The money I'm putting into my rigs is all from two real estate sales profits from earlier this year.
I'm going to build 6 rigs. I'm considering selling 2 or 3 of them to reduce my cash invested and mine various coins and let them just accumulate.
I don't believe it's too late to start. There are over 700 currencies, so there is opportunity.
I do wish I had started back when you did, but circumstance back then wouldn't allow the investment.
Congrats to you on your success.
Seems like everyone and thier mama is trying to build
a rig to mine ether 😃😃 Kinda feel bad for these late commers even the ones with
deep pockets , If they had jumped on board say three to six months ago they would be
in way better shape now with cards hard to find difficulty rising like crazy creating a few rigs
to hedge is not a terrible idea but you have a better chance to make money buy buying into
the eth based icos or buying related tokens low selling high on the pump and dump waves.
all my 45 rigs are paid for so mining and expanding is trivial for me , i have around 50 cards i bought back when the rx 500s launched that i dont even have the electricity to power that i listed on ebay for $580 a card and they are SELLING 😂😂
the current state of this forum is hillarious to me. I made 30k on the augur Ico, 10k on waves
sold both way way too low , learned from my mistakes I hope all these newbs dont get burned
a rig to mine ether 😃😃 Kinda feel bad for these late commers even the ones with
deep pockets , If they had jumped on board say three to six months ago they would be
in way better shape now with cards hard to find difficulty rising like crazy creating a few rigs
to hedge is not a terrible idea but you have a better chance to make money buy buying into
the eth based icos or buying related tokens low selling high on the pump and dump waves.
all my 45 rigs are paid for so mining and expanding is trivial for me , i have around 50 cards i bought back when the rx 500s launched that i dont even have the electricity to power that i listed on ebay for $580 a card and they are SELLING 😂😂
the current state of this forum is hillarious to me. I made 30k on the augur Ico, 10k on waves
sold both way way too low , learned from my mistakes I hope all these newbs dont get burned
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