Topic: New to Bitcoin. Should I mine or buy coin with my $6000 - page 3. (Read 1026 times)
Really a helpful trend. Gives me a lot of ideas to start investing bitcoin.
first off all if you are an newbie, you should learn a lot and study the market, and study the mining rigs, the algos, elecrticy bill, loose time on this.
what i can say is, i did the half way. i buy an mining rig, and the rest i invest in altoins. i am in loss now with every coin. first i started with daily trading. i dont have time for it so only do it if you have time. the best bet its buy and hold. hold and relax, comeback in a year. with the mining rig i do the same.
i hold all off mining. i start with eth now i am in xmr.
if i return to the pass, i will do the same. never put all in one basket. good luck
what i can say is, i did the half way. i buy an mining rig, and the rest i invest in altoins. i am in loss now with every coin. first i started with daily trading. i dont have time for it so only do it if you have time. the best bet its buy and hold. hold and relax, comeback in a year. with the mining rig i do the same.
i hold all off mining. i start with eth now i am in xmr.
if i return to the pass, i will do the same. never put all in one basket. good luck
If you are buying dont forget to read AML BitCoins white paper https://amltoken.com/ AML BitCoin rests on a privately regulated public blockchain that faciitates AML-KYC compliance and identifies criminals associated with illicit transactions, while maintaining and sthrengthening the privacy protections for legitimate users.
It all depends on your desire. You need to set up a strategy if you want to invest in bitcoin. I think that it is necessary to invest, when the price has just begun to climb, after some time you can make a profit. It is good way.
Invest in the long term as that will surely help you.
For us newbie, i think we must not invest first to avoid those people with evil intentions like scammers, hackers. As a newbie, its better to focus on earning a free bitcoin and understand well about this crypto technology. Read and research about other thread about crypto to get more knowledge before getting into investment. And if you think you know all of this then its time to invest and buy bitcoin.
As many others previously said, mining is currently not that profitable unless your electricity is low priced or, if you have big farms of mining rigs.
I would personally invest in the bitcoin because with my past working experience in data centers, the electricity bill is insane. Unless you set up your mining rig in Canada or Seattle where they charge only 8 cents per KW but that will add up. Now the price is in the 8k range so I would wait for the market to come down.
Wait till the end of the July for some amazing results that will astonish you.
My suggestion is to buy coin with your money and trade it wisely.
Make the target from your initial investment, if your target reached, then you should buy a mining rig
Make the target from your initial investment, if your target reached, then you should buy a mining rig
For a fund of $ 6000 you better buy bitcoin and invest or for you to trade, by buying bitcoin you will not be too busy to take care of your mining tools.
It is quite a time consuming activity to get into mining, is not like plug and play and is as speculative as buying. So go for buy-
Buy the BTC rather than just mining them as buying will help in the longer run.
You can pay attention in terms of profit and look for profits that can get great results, and you should wait for July to buy a rig, and before buying a rig better you buy bitcoin first so you can benefit from the purchase of bitcoin.
If you really know how bitcoin works you can get profit in the future. You still must have some knowledge to start investing in it. Hodl for the long term for daily rates used preev, trade cautiously and only with trusted people.
i was going to give u advice to buy gtx 1080 ti but the new card is going to be released very soon so if i were u i will probably wait for it and spend on couple of cards and start mining this is what am waiting for ...
I suggest you buy bitcoin instead of mining. Mining is very complicated, many Miners are leaving mining nowadays. Mining can harm your area's environment too. But if you buy bitcoin and keep them hold or do a daily trade then you can make a good profit than mining. I am not an expert but I think this may be good for you.
You have a hard decision, when choosing NVIDIA cards for mining, you always have the option to sell your cards to potential gamers. In this case, ASICminer Equihash 40K is ROI for about 200 days. It's a big investment of $ 14,800. Who knows how to develop the difficulty and also the cost of mining coins. My advice is to invest in bitcoin, its price in the future may increase, while hardware on mining is the opposite - over time, hardware loses value. The decision is up to you, my opinion is to buy bitcoin or invest in altcoins.
I think that you need at least part of your money to invest in bitcoin. Now is an advantageous time for investments, when bitcoin fell a little. It will be your investment, thanks to which in the future you will be able to buy everything you want.
Yes this drops of price is best to buy rather than mining. Mining is complicated for me as to many things to consider. Investing in bitcoin is best since price is not that high and I believe we can see a good movement with btc price. 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?
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?
It is a matter of your analytical skills, ability to predict the market trends and movements and also the power of the apparatus or the mining equipment you got. If you are capable of forecasting the market's behavior by analyzing the current trends and also if you are a risk taker then investing on bitcoins or any other token would be the best option. On the other hand, if you own or as mentioned here, can afford the cost of a high end equipment, then mining would be a better option but since there are a large number of miners currently do mining in this area, the profitability would be a concern.
I think that you need at least part of your money to invest in bitcoin. Now is an advantageous time for investments, when bitcoin fell a little. It will be your investment, thanks to which in the future you will be able to buy everything you want.
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