Mine or Invest? - page 2. | Bitcointalksearch.org

SpeedDemon13

hero member

Activity: 518

Merit: 500

Quote from: xephireusMMX on October 22, 2013, 05:08:39 PM

Quote from: SpeedDemon13 on October 22, 2013, 05:02:46 PM

Right now BTC is booming again, nearly to it's max price of the early part of the year. LTC is down, which in turn, lowers any other alt that is dependent on it. So few gpu mining coins are barely worth mining. ASIC, sadly, are the way to go at the moment, if you can afford them. With that said, I personally would just invest in alts and not mine at the moment, which is more efficient than GPU mining. But if the trend follow the bell curve, standard deviation, BTC will normalize and GPU mining might be worth again. What's your thoughts?

Hopeffully you dont suggest BTC mining with GPU might be worth again Shocked

Scrypt coin mining with GPU is profitable if your electricity is really cheap

In the area of California where I live, it's $0.1323/kwhr, not really cheap. You would think that California is sunny for 8 to 9 months of the year and would have more solar power here.

SpeedDemon13

hero member

Activity: 518

Merit: 500

Quote from: MAbtc on October 22, 2013, 05:04:26 PM

Everything is up in the air. No one has any idea what the Chinese speculators have in store for us, or where the top to this rally might be. Big difference between $200 ~ top and $1000 ~ top. Thus, hard to say what this means for altcoins. Definitely not putting any money into alts, myself, though.

If LTC falls to $1 USD or lower, it's not a great risk in investment, plus zero electricity costs of mining. People gamble every day and lose money. Fortune favors the bold. Unless BTC become the price of gold, then alts are probably near to dead.

xephireusMMX

full member

Activity: 306

Merit: 100

Quote from: SpeedDemon13 on October 22, 2013, 05:02:46 PM

Right now BTC is booming again, nearly to it's max price of the early part of the year. LTC is down, which in turn, lowers any other alt that is dependent on it. So few gpu mining coins are barely worth mining. ASIC, sadly, are the way to go at the moment, if you can afford them. With that said, I personally would just invest in alts and not mine at the moment, which is more efficient than GPU mining. But if the trend follow the bell curve, standard deviation, BTC will normalize and GPU mining might be worth again. What's your thoughts?

Hopeffully you dont suggest BTC mining with GPU might be worth again Shocked

Scrypt coin mining with GPU is profitable if your electricity is really cheap

MAbtc

hero member

Activity: 826

Merit: 508

Everything is up in the air. No one has any idea what the Chinese speculators have in store for us, or where the top to this rally might be. Big difference between $200 ~ top and $1000 ~ top. Thus, hard to say what this means for altcoins. Definitely not putting any money into alts, myself, though.

SpeedDemon13

hero member

Activity: 518

Merit: 500

Right now BTC is booming again, nearly to it's max price of the early part of the year. LTC is down, which in turn, lowers any other alt that is dependent on it. So few gpu mining coins are barely worth mining. ASIC, sadly, are the way to go at the moment, if you can afford them. With that said, I personally would just invest in alts and not mine at the moment, which is more efficient than GPU mining. But if the trend follow the bell curve, standard deviation, BTC will normalize and GPU mining might be worth again. What's your thoughts?

Topic: Mine or Invest? - page 2. (Read 1548 times)