Topic: New to Bitcoin. Should I mine or buy coin with my $6000 - page 2. (Read 1026 times)
When mining you need to take care about other different aspects such as proper room, electricity cost. I'd buy the bitcoin in the first place.
I think you should use it to buy a 1070 GPU rigs. But now there are so many miners, so digging bitcoins is very difficult.
Buy Bitcoin for $ 6200
When Bitcoin reaches $ 7100, sell it
When Bitcoin reaches $ 7100, sell it
I recomend that you buy bitcoin at this low price, cause mining is not profitable and by just hodling you btc and when the bull run starts then you get higher profit .
I think people need to stop answering the question because he was asking this 2 month ago and i think he got the answer already. 
I think buying a rig is a way safer buying bitcoin directly, mining bitcoin is not profitable now. It takes a lot of time. Perhaps you might want to consider mining alts, it more profitable.
If i had $6000 i would wait until the market goes down and then just buy BTC.
I think you can use your $6000 to buy and hold or trading btc it's a better way and have a higher chain than mining it.
Hi Everyone,
I'm new to cryptocurrencies and would like to know your opinion on what best to do with my $6000.
I was initially planning on purchasing a GPU mining rig with gtx 1070s but then upon further research found that 1070s can only do 600-700 sol/s
Then I found the asicminer equihash which can do 40,000 sol/s and costs $14,800 which will be released on July along with new nvidia generation cards.
I know its a bit late now to start but I am really thinking hard on this but I need opinions from veteran guys.
tl:dr;
1. Should I buy bitcoin with my $6000 or
2. Use it to buy a 1070 GPU mining rig or
3. Wait until July for new nvidia graphics card to come out (or the asicminer equihash).
Thanks so much for all your feedback.
*Edit: Would like to inform everyone that electricity costs would not be a problem as I have a way to manage it. Considering that electricity cost is not an issue, is mining going to be profitable for me right away?
For me its good to invest rather than mining, you can buy BTC and hold it in a months. Buying coins is one way and easier to make a profit. I'm new to cryptocurrencies and would like to know your opinion on what best to do with my $6000.
I was initially planning on purchasing a GPU mining rig with gtx 1070s but then upon further research found that 1070s can only do 600-700 sol/s
Then I found the asicminer equihash which can do 40,000 sol/s and costs $14,800 which will be released on July along with new nvidia generation cards.
I know its a bit late now to start but I am really thinking hard on this but I need opinions from veteran guys.
tl:dr;
1. Should I buy bitcoin with my $6000 or
2. Use it to buy a 1070 GPU mining rig or
3. Wait until July for new nvidia graphics card to come out (or the asicminer equihash).
Thanks so much for all your feedback.
*Edit: Would like to inform everyone that electricity costs would not be a problem as I have a way to manage it. Considering that electricity cost is not an issue, is mining going to be profitable for me right away?
With your $ 6000 I recommend you buy bitcoin. You should not invest in a platform to exploit bitcoin. If you buy bitcoin and long term investment I think it will definitely bring more profit than tapping
I favor solutions 1 and 2. You invest in bitcoin a bit, the rest you should invest in a 1070 GPU to dig a bitcoin. That way, you will earn very high profits.
Start mining crypto with $6000 is not a smart idea. I think you should buy Bitcoin at low price now, with $6000 you can buy up to 0.9BTC and hold it in months. I'm sure it will give you big earns.
Mining sounds really complicated to do, and the mining hardware keeps getting better, and what you as a private person can buy, might not be the same quality that the big mining rigs can buy. Big spenders always gets the best first.
I would just buy a Bitcoin for that money and see where it can take me.
I would just buy a Bitcoin for that money and see where it can take me.
It'll cost you time to learn mining, instead learn for AWS mining and try your luck there if you can get some Amazon accounts, few of my friends were doing it and they were also new to crypto and were interested in mining, but they found someone who suggested them AWS and made them understand how to use it to mine a few valuable coins. About your money, as of now, you should buy Bitcoins and hodl them until you get a chance to buy a few alts at their least (cheapest) values. Bitcoin is also good because ETF is in line and will make ways for investors to drive the markets crazy. You can set a buy order at lowest levels and who knows, you may get the best coins for least price and sell them later when alt season starts and such coins do a 10-20x and even give you a 100x shot.
I advice you to buy bitcoin because his price will be high than now in future for me mining is very risky because you can lose your money in it without earning a high profit from it
I think you should a small amount to learn some about the market and watching it for a while for experience then diced to invest or not.
Now, with your $ 6000 I think you should invest in mining machines. Although, the time and effort you spend may be longer than the $ 6000 to buy bitcoin you can earn more than that. Currently, the price of a bitcoin is $ 8000 but you only get $ 6000.
In this current market, buying btc is a no brainer. Btc prices are relatively low compared to end of last year, and mining is definitely not profitable at the moment. I dabbled in mining a few months ago at the peak of gpu craze and I’m regretting every moment. Returns suck.
For the longer run, you must do some good investment and also buy the bitcoins.
Buy. For sure. However, consider altcoins rather than btc IMO
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