Mining plans for 2018 | Bitcointalksearch.org

Vidicz

newbie

Activity: 12

Merit: 0

Thank you all for answers.

Well I did started by investing in the coins. Sadly when I got in (and I was dumb and unexperienced) the market was at it's all time high

So on some coins I am sitting at a loss but my HODL spirit is strong

It's so strong that I keep on thinking about throwing in more FIAT since I see all the cheap prices and big potentials. Right now I have put in 70% in to coins and 30% in to mining rig.

Am thinking of adding more to mining

How do you guys find the interesting coins to mine?

Thank you

a18kiska

copper member

Activity: 60

Merit: 1

We started with 8 1070s and have scaled to 6 rigs that consist of 1070ti and 1080ti...

2018, we are looking to raise money in our ICO and scale MUCH larger

miner porn tax

Iannn

jr. member

Activity: 52

Merit: 1

Quote from: Vidicz on March 04, 2018, 01:16:58 PM

What are you mining plans for 2018?

I just got in to mining with 8x GTX 1060 6 GB's and am mining BTCZ at the moment.

I am also thinking hard about expanding my mining operations but I don't know if it's worth it? For example if I spend 4000 $ on a new rig and then start mining to get this money back...wouldn't it make more sense to just buy some coins for 4000$ and hope they rise? The reason for this question is beause I am new to mining and am looking for reasons that mining is actually better choise.

Let's get the debate going

I can tell you what I did. I bought the mining equipment and paid it off and bought more mining equipment with mining profits. Now I am mining and holding coins I want. I like it because even when the coins are dropping which of course they do from time to time I am still mining and adding more coins so the balance stays the same and even goes up.

lunobird

full member

Activity: 846

Merit: 115

as a miner, you gota do both and be diversified.

It's not one or the other.

All in on mining is for losers that like mickey mouse small gains. Your gpu is your hedge.

If your starting out you should do 50/50 towards mining/buying coins.

Eventually, you'll run into issues like tier 3 electric usage and pay a higher electric rate and it makes more sense to just buy coins at that point or run asics in a hosting facility that has lower electric rates.

I personally use 10 percent towards mining and 90 percent buying coins

Eternu

sr. member

Activity: 560

Merit: 257

If you want to make some fast money, you can go with buying some coin and try to earn money from trading. But have in mind that with this choice comes bigger risk, at list that is my opinion.
On the other hand mining brings slower profit, but with lower risk. Its like TheBasta24 said, you can always sell your GPU's if everything goes to hell. Also as long as there is cryptocurrencies, there will be need for miners.

I suggest you stick to mining. But you can try out trading also, maybe it will be an interesting thing for you to do.

TheBasta24

newbie

Activity: 47

Merit: 0

Buying and mining are just different things both can work or not, the difference is that if you are mining and cryptos fail (let’s just hope not) you can still sell GPUs and get some money back, if you buy crypto you get nothing back. They are just different ways of seeing crypto world it’s up to you which one fits you better. Personally I started by buying and now I am starting to mine

Pekine

newbie

Activity: 112

Merit: 0

You don't need to put everything into a new rig. You can start with 3 cards alone and buy some coins.

Vidicz

newbie

Activity: 12

Merit: 0

What are you mining plans for 2018?

I just got in to mining with 8x GTX 1060 6 GB's and am mining BTCZ at the moment.

I am also thinking hard about expanding my mining operations but I don't know if it's worth it? For example if I spend 4000 $ on a new rig and then start mining to get this money back...wouldn't it make more sense to just buy some coins for 4000$ and hope they rise? The reason for this question is beause I am new to mining and am looking for reasons that mining is actually better choise.

Let's get the debate going

Topic: Mining plans for 2018 (Read 366 times)