Topic: Mining Gear or Invest? (Read 969 times)
Thanks for the advice everyone! Really appreciate you guys helping out a noob. The guy lowered the price to $75 but I think I'll just buy bitcoins as you guys said.
Ditto others who suggested buying vs. buying mining equipment. That's just me, though, because mining is so speculative. If you mine the right coins at the right time, I'm sure you'll end up ahead. But that's not a given!
It needs a bit of luck. The Litecoin for example fluctuacted for about $0,50 today.. I wish I had bought many of them for about $2 each earlier.
I think investing is the best option now. Look at the graphs of Bitcoin and Litecoin for example, they we're fluctuating a lot if you check it for the last month. I heard quite a lot guys who earned great money recently by using those fluctuations.
Daytrading is definitively option, but not much better than just holding.
And for every good trader, thre are two suckers in my opinion
I think investing is the best option now. Look at the graphs of Bitcoin and Litecoin for example, they we're fluctuating a lot if you check it for the last month. I heard quite a lot guys who earned great money recently by using those fluctuations.
Mining for primecoin and invest for bitcoin...
Mining is way better then investing 1 year ago, right now its the other way round 
I think I should of just bought em rather than mined, one thing for sure I would have 3 times as many coins as I have now if I bought them rather than my equipment!
Mining is useless unless you have alot of starting capital
can you define a lot of starting capital?
From what I'm reading on other threads ASIC seems the only option but with very few suppliers shipping and delays from other suppliers even that is making it difficult to ROI.
Any idea what % of the early miners are upgrading to ASIC vs investing in BTC?
Mining is useless unless you have alot of starting capital
Well, how much starting capital is needed for mining then in order to have profit?
No matter how much you put in BTC to buy mining units, you wont mine your BTC back
Definitely buying at this point in time.
i'd just buy. i'm just concentrating on acquiring bitcoins any way i can. mining is super risky these days.....
I have some free electricity also and I bought loads of used graphics cards really cheap and started mining alt.
When I had a motherboard and PSU I started making realy lowball bids on the used market and to my suprise I got some really good deals. But it took me about a month to fill up a rig.
Anyway I managed to get a few cheap rigs that are now hashing away.
When I had a motherboard and PSU I started making realy lowball bids on the used market and to my suprise I got some really good deals. But it took me about a month to fill up a rig.
Anyway I managed to get a few cheap rigs that are now hashing away
. 
Mining is useless unless you have alot of starting capital
Well, how much starting capital is needed for mining then in order to have profit?
Damn i wish where i lived was like that. Would be nice to get rid of that bill.
Invest in Mining gear... wait until the price for mining gear drop first tho...
Setup an recurring buy at a site like coinbase.com. This will help to average out the price and you take less of a risk of a crash.
Take the $350 that you want to spend, right now that would buy you ~1.713 BTC. Setup a weekly recurring buy for ~0.42825 and over the course of the next month you'll ease into the market.
Or if you don't mind the extra risk go all in and buy 1.713 BTC right now.
I have't seen any consumer / end user mining equipment that will give a positive ROI.
Take the $350 that you want to spend, right now that would buy you ~1.713 BTC. Setup a weekly recurring buy for ~0.42825 and over the course of the next month you'll ease into the market.
Or if you don't mind the extra risk go all in and buy 1.713 BTC right now.
I have't seen any consumer / end user mining equipment that will give a positive ROI.
Mining is useless unless you have alot of starting capital
I'd say just buy at this point. Hope for a nice deep correction and then buy, hehe.
Much more sensible to just buy
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