L3+ and antminer s9 are the best miners being used in the many mining farm. You will be able to get the 500 USD atleast with these single rig. If you able to afford for multiple hardwares you please purchase the multiple cards.
Topic: LOOKING TO INVEST MY LIFE SAVINGS NEED ADVICE - page 8. (Read 6030 times)
Realy realy bad idea putting your life savings into 1 plan, mining is hard and expensive unless you can get free or nearly free electricity and broadband. Personally I would not put more than 20% of my savings into anything-just imagine how it will feel if you loose all you have worked so hard for for so long, By all means reinvest your profits back into crypto and with luck you will see a big capital gain.
I hope the man who created this thread didn't invest his life savings...
as we can remember November 14 was a high price for BITCOIN...
and look where we are now.
advice: never go in full speed, always give a half or less.
as we can remember November 14 was a high price for BITCOIN...
and look where we are now.
advice: never go in full speed, always give a half or less.
I can only recommend it to invest a new cryptocurrency at a bigger market such as binance, hitbtc, okex and others in the top 10 of the market, as it is long term investment, it is still long before they become delesting .
I agree. Also, the coins of exchanges are good choices such as HT or BNB. 
Its been more than 6 months since the OP stated his idea here, and since then we haven't heard anything from him. I hope that he was able to profit in December 2017 otherwise if he put everything and all in he is not on a big deficit by this time. It only proves how the market literally turn to worst and if you gamble along the way, it will be difficult to overcome because of the current negative sentiments after the big break out run last year.
maybe he forgot about his thread and he is busy to calculate how much profit that he made. and if he can make a big profit, I am sure that he still continues to make another profit and he will come back to his thread and tells about his investment so far. but still, many of us cannot make a profit because some of them are too late to take a profit in the last year and now, they need to wait for the price increase back so they can slowly take their profit.
Its been more than 6 months since the OP stated his idea here, and since then we haven't heard anything from him. I hope that he was able to profit in December 2017 otherwise if he put everything and all in he is not on a big deficit by this time. It only proves how the market literally turn to worst and if you gamble along the way, it will be difficult to overcome because of the current negative sentiments after the big break out run last year.
A suggestion would be not to invest your entire life savings into any investment whether it be cryptocurrency or otherwise - if you lose all your money on one wrong move then you are a goner. Make sure you keep a buffer of emergency money in case everything goes pear shaped too.
For entire life what we can expect as a investment. None of the project or business cannot be long lasting till the government is running up their business here mate. Kindly invest the fund on top crypto currencies like bitcoin, ethereum and litecoin.
These coins are really helpful to understand the worth of it now and do your investment soon on this coins mate.
A suggestion would be not to invest your entire life savings into any investment whether it be cryptocurrency or otherwise - if you lose all your money on one wrong move then you are a goner. Make sure you keep a buffer of emergency money in case everything goes pear shaped too.
Hello Everyone,
I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated.
Thank you
In my opinion you should not go with the bitcoin or etherium mining hardware , instead of this you should buy etherium classic mining hardware .I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated.
Thank you
One of mine friend have etherium classic miner , he was saying that is much better than etherium or bitcoin miner because it doesn't create much heat but still we need to provide a better climate to the miners to make cool and also need a better space ( a small room atleast ) .
Here you should take care that you should not think that you will remain in profit every day because value of the coin may get down and also may get up and in that case you will remain limited to the amount of the mining , so fluctuations of the price may get Result into bad for you .
So even after become a miner you will face problem to hodl your assets and also here you should take care that you should make analysis whether cost of electricity high or down according to what you are getting in the mining , otherwise you will face big loss .
my advice is you need to learn first about crypto so you know what you need to buy for your investment. I think you don't have to use all of your life savings for investing in the crypto and I think you need to prepare for the worst thing, for example, the price of your coin is getting down for a long time. maybe you can use 50% of the total of your life savings so you still have money for your daily needs.
I can only recommend it to invest a new cryptocurrency at a bigger market such as binance, hitbtc, okex and others in the top 10 of the market, as it is long term investment, it is still long before they become delesting .
Making big bets in crypto like that is a big no. You could invest your life savings if you will only allot a 20% - 30% of it because it's still safe and remember that it's your life savings, so you should have some money in case of emergency.
Finding the right asset to invest in too is really not an easy thing to do. You really have to get lucky at some point to be able to invest in a currency that ends up getting pumped even more than you expect after holding for a long time. It is surely always good to diversify, but one should always be careful in this case as well as not all altcoins are worth diversifying into and you cannot really tell the future of any altcoin unless you just want to play safe by investing in bitcoin and any other top crypto.
It may be enticing looking at how the way the crypto space has panned over the years but it would be foolish for one to be putting their eggs in one basket when if it drops or end up not favoring one, it can be so easy to make some emotional decisions that would not eventually be in our favor or end up losing everything.
Making big bets in crypto like that is a big no. You could invest your life savings if you will only allot a 20% - 30% of it because it's still safe and remember that it's your life savings, so you should have some money in case of emergency.
Finding the right asset to invest in too is really not an easy thing to do. You really have to get lucky at some point to be able to invest in a currency that ends up getting pumped even more than you expect after holding for a long time. It is surely always good to diversify, but one should always be careful in this case as well as not all altcoins are worth diversifying into and you cannot really tell the future of any altcoin unless you just want to play safe by investing in bitcoin and any other top crypto.
Making big bets in crypto like that is a big no. You could invest your life savings if you will only allot a 20% - 30% of it because it's still safe and remember that it's your life savings, so you should have some money in case of emergency.
Stay away from mining with your life saving.
Hello Everyone,
I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated.
Thank you
I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated.
Thank you
I think it's not a good idea to use all your life savings into an investment, specifically in mining cryptocurrency. Because you don't have any assurance that you will earn from this method, and it consumes a lot of electricity that could cause your failure due to huge electricity bill in just a short period of time.
The best advice I can give you is don't.
Don't invest anything you aren't willing to lose.
Period.
Don't invest anything you aren't willing to lose.
Period.
Never do that. The cryptocurrency market is still very young and hence easily influenced by media news and FUDs. If you invest all you have, it's like putting all your eggs into one basket. Why not diversify your investments? A certain portion of it to be invested in Cryptos and a higher portion invested in real assets. That's my opinion of course. 
Hello Everyone,
I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated.
Thank you
I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated.
Thank you
I think it's not a good idea to use all your life savings into an investment, specifically in mining cryptocurrency. Because you don't have any assurance that you will earn from this method, and it consumes a lot of electricity that could cause your failure due to huge electricity bill in just a short period of time.
Why do you want to invest in already high priced coins and then on top of it additionally mine them with all the further risk coming with it? If you have a nice amount of money to invest, then spend a week of your time and make your research about promising ICOs with low priced coins and the potential to reach huge winning rates if the selected coin will succeed.
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