Topic: Mining Pools Vs Investing ? (Read 551 times)
Investing is far more profitable than pools mining now as those that buy and hold bitcoin are now smiling to bank every day now. Bitcoin pools mining is not all that profitable again and of a truth many mining pools are now scamming investors. If you buy bitcoin early this year when bitcoin fall below $700 you could have make good profit now of over 800% which mining pools could not give you.
i prefer to investing due to electricty /Kwh is pricey on my country . so its depends of the price of electricity price, internet provide price , Maintaining the miners and also tax
I also ordered 3 Antminer D3 for Dash that arrived a week ago but missed the train and its not even worth powering these guys up at this point. Ill leave them in the boxes. I cant even sell them without a major loss. I should have also taken this and just bought BTC in September.
I had spent approx 18,000 USD in June and July on miners. I have since returned approx 10,000USD less electric cost in running the miners. Had I took my 18K and bought BTC it would be worth close to 45K today so IMO your better to just buy BTC
I do enjoy the hobby of mining but my bank account would prefer the other.
I do enjoy the hobby of mining but my bank account would prefer the other.
Cloud mining is kind of like a lottery. You are banking on the bitcoin price to go up to make it profitable, and even then unless you do a 1 year plan you probably wont break even.
Hey guys not a newbie in crypto but a newbie in mining.
I wanted to diversify & get into maybe pool mining, i seen bitcoin.com genesis-mining etc have lifetime plans
If you had the money why dont you just buy BTC instead of investing it in cloud mining pools?
Im just curious & I guess lazy to do the math lol
assuming BTC price will go up of course whats the difference in where you put your money
can someone break down why it would be more valuable to invest in pools?
I wanted to diversify & get into maybe pool mining, i seen bitcoin.com genesis-mining etc have lifetime plans
If you had the money why dont you just buy BTC instead of investing it in cloud mining pools?
Im just curious & I guess lazy to do the math lol
assuming BTC price will go up of course whats the difference in where you put your money
can someone break down why it would be more valuable to invest in pools?
The value is that you dont have to build up rigs, handle with heat and electricity bills.
Hey guys not a newbie in crypto but a newbie in mining.
I wanted to diversify & get into maybe pool mining, i seen bitcoin.com genesis-mining etc have lifetime plans
If you had the money why dont you just buy BTC instead of investing it in cloud mining pools?
Im just curious & I guess lazy to do the math lol
assuming BTC price will go up of course whats the difference in where you put your money
can someone break down why it would be more valuable to invest in pools?
I wanted to diversify & get into maybe pool mining, i seen bitcoin.com genesis-mining etc have lifetime plans
If you had the money why dont you just buy BTC instead of investing it in cloud mining pools?
Im just curious & I guess lazy to do the math lol
assuming BTC price will go up of course whats the difference in where you put your money
can someone break down why it would be more valuable to invest in pools?
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