Topic: New to Bitcoin. Should I mine or buy coin with my $6000 - page 7. (Read 1026 times)
I think it's good to invest in bitcoin because you are new to cryptocurrency and now bitcoin in a low price.and also personally I don't like mining.
6000$ is not enough to buy good equipment in order to make profit from mining. You could get back your money but it would take a lot of time and hard work to do that.
In my opinion it is a lot better to invest in bitcoin because right now the market is very low and it has to go up pretty soon. By investing in bitcoin or other coin you save all of that time that you would have spent to buy and install the mining equipment and also have a chance of making a bigger profit since mining is only profitable if you have lots of money to invest.
In my opinion it is a lot better to invest in bitcoin because right now the market is very low and it has to go up pretty soon. By investing in bitcoin or other coin you save all of that time that you would have spent to buy and install the mining equipment and also have a chance of making a bigger profit since mining is only profitable if you have lots of money to invest.
If I have $6000 to invest in mining or crypto, I am better investing on mining. Mining bitcoin or altcoin can give us earning every month. Many website can help us to calculate our earning in a months but we should understand about technical problem
You have to better options either you can buy bitcoins with all of your investment or mine some altcoins with low difficulty then covert it into the bitcoin in any exchanges but mining the bitcoin is not profitable at the current situation because of high difficulty and low value.
My opinion is you should buy Bitcoin with your money. because Bitcoin is cheap now and every one is freaking about its price in end of this year. So according to situation you should buy bitcoin. there is a great chance that you 6000$ may become 15000-20000$ at the end of year.
hi,
my advice is to buy GPU or even better Xilinx FPGA and mine altcoins and exchange these for Bitcoin (if you're objective is to get Bitcoin).
otherwise you can mine alts and sell some of it in order to pay electricity bills and make some profits and hodl what remain!
and if you know someone in your country who sell FPGA please tell me, I would like to buy it too!
my advice is to buy GPU or even better Xilinx FPGA and mine altcoins and exchange these for Bitcoin (if you're objective is to get Bitcoin).
otherwise you can mine alts and sell some of it in order to pay electricity bills and make some profits and hodl what remain!
and if you know someone in your country who sell FPGA please tell me, I would like to buy it too!
If I am to decide with your $6K USD, I would rather start investing bitcoin and wait a bit longer until your investment will prosper. Once you will be able to profit good, then you can use your profit in buying the mining equipment that you need for your mining.
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 don't want give you recommendation to mine or buy coins with your money because on them bolt there are high risk losing of money, i will suggest to you for learning more about the mining activity, trading activity especially in cryptocurrencies and any other related with bitcoin and any other cryptocurrencies. You must really understand about it because however you are very new in cryptocurrencies don't be greedy in the profit from cryptocurrencies before you know more about them. 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?
Mining might even end you up with losses. Mining bitcoin for now isn't worth it in terms of profit if you're using GPUs(unless you're just planning on mining to help the network). Buy the coins instead. Mining can only be worth it as of now if you're going to mine certain altcoins.
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 think mining or investment is good enough for those of you who have a way of overcoming electrical problems. It's just that for me the price and the treatment is still high. so what if I have it, I will choose to buy bitcoin to invest in the long term. 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 it's better to buy bitcoins, Less hussle and you do not need to set up yet. And the other one is to buy a mine when you have a profit with bitcoins. Especially now that the price of bitcoins is affordable. Take advantage of this time because it is definitely a big profit we can get here.
a wise opinion, that it is time to buy bitcoin at the current price, and just wait to hold back a few moments that will earn a decent profit.
You should buy bitcoins because now price of bitcoins is less and you should make investment for a long period and Mining bitcoin for now isn't worth it in terms of profit because mining of bitcoins consume more electricity.
What others have told you was absolutely right. Invest your $6000 now. This is actually the right time to buy bitcoin. It dump as low as $6500 today and just a few days or weeks, it will sure go up, have a bullish momentum and will have a corrections. Mining is not that profitable considering the high consumable in electricity. Anyhow, weigh all the benefits before choosing what is the best for you.
For me it's better to buy bitcoins, Less hussle and you do not need to set up yet. And the other one is to buy a mine when you have a profit with bitcoins. Especially now that the price of bitcoins is affordable. Take advantage of this time because it is definitely a big profit we can get here.
I think better to buy as you said you are new mybe you would have problems with mining and price of BTC now not so high so buying now you would be in profit.
$6000 is not at all sufficient for minign bitcoins. Also, remember that in addition to set up, you also have other expenses like electricity and maintenance.
buy coins instead. mining can only be worth it as of now if your going to mine certain altoincs.
you can be a trader too , theres a lot of advantages buying coin than mining .
i suggest buy coin instead .
you can be a trader too , theres a lot of advantages buying coin than mining .
i suggest buy coin instead .
with cheap bitcoin condition, buying bitcoin will be more profitable for you. buy bitcoin now and sell at high prices tomorrow. once you have benefited from it, you can start to mine your own bitcoin.
Actually this is the same as with mining, you can mining bitcoin then the results you can make an investment, right? But there are some things that make me or you uncomfortable, bitcoin mining is very time consuming, we cannot leave our mining tool in a long time. In contrast to the investment whenever we can go to where we want in a long time. Many people make investments as the second place, the first place they choose is trading, both places are very promising for profit.
You should better buy Bitcoin than buying mining rig. Because Bitcoin price is perfect for investment right now. And on the other hand mining is becoming more difficult day by day .. And mining is complecated too. It's gonna cost your electricity bill too.. But if you buy bitcoin now by the December you'll get huge profit
There is advantages if you mining bitcoin with that amount of money. With mining, we can earn bitcoin and our bitcoin always added but we should calculating electricity cost too because in some country electricity cost are high.
The advantages buying bitcoin in market is we dont have to build mining rig and just hold it as long term investment
The advantages buying bitcoin in market is we dont have to build mining rig and just hold it as long term investment
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