Topic: New to Bitcoin. Should I mine or buy coin with my $6000 - page 8. (Read 1026 times)
At present, btc is very difficult to exploit. With high price, if the mining will take a long time to recover capital, the market is downtrend, so you can buy it at reasonable prices and make profits when the market is uptrend.
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?
Mine your Bitcoin. A lot of people right here will definitely say that you have to buy your Bitcoin since it is cheap. Mine since you know how to mine. You're making a statement that you can do things that they can't. It is very easy to buy Bitcoin but mining is important to the Bitcoin network so mine for as long as you can.
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.
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?
Mine your Bitcoin. A lot of people right here will definitely say that you have to buy your Bitcoin since it is cheap. Mine since you know how to mine. You're making a statement that you can do things that they can't. It is very easy to buy Bitcoin but mining is important to the Bitcoin network so mine for as long as you can.
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?
Right now the safer and easier thing to do, in my opinion, would be to buy bitcoin, not to mine them. Everybody wants to mine, too many people, I would rather spend my money and time in something else. 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?
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?
Mining bitcoin is a lifetime income but very limited and maybe wont enough for you needs daily since you have limited amount of capital,i may advice you just to buy bitcoin today and before this year end th could be double and much bigger than what you can earn with mining,but dont just focus on bitcoin because theres alot of alternative coins that can bring you to richer,you only need to learn about them so profit will be on your way 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 now I would advise you to wait for bitcoin prices at the lowest point until the price movement starts to increase. after you have enough time just then you can buy some bitcoin and I advise not to buy eggs in one basket so divide from a few percent of the money you have on another coin that has good potential.
Yes, I agree it's better to buy btc in its dip so that once the price rise you will get good profit. There are so many new coins now with potential and it will be good to add other investments aside from bitcoin.
for now I would advise you to wait for bitcoin prices at the lowest point until the price movement starts to increase. after you have enough time just then you can buy some bitcoin and I advise not to buy eggs in one basket so divide from a few percent of the money you have on another coin that has good potential.
I think it is better to mine them rather than Buying it ,
If you are going to spend some money then go for a long term profit mining them is profitable but it would surely take some time before you get back your capital.
If you are going to spend some money then go for a long term profit mining them is profitable but it would surely take some time before you get back your capital.
If your money is enough to buy a miner tool, then buy a tool to mine bitcoin first. if your money is still there after buying a tool to mine Bitcoin, then buy a bitcoin and hold it until the price soars high. but if you hesitate to buy Bitcoin, then you can invest your money to buy Altcoin, which in fact is cheaper than Bitcoin.
For my opinion you can invest your money by buying coins that stakeable. There are so many potential coin to invest with. You don't need a high end rig for staking just upgrade your ram because it can use your ram space if you have more wallets running on your laptop or desktop. 
I think buying a rig is a safer move than buying bitcoin directly. No doubt, mining bitcoin is not profitable now. Even mining eth does not give enough profit returns. Perhaps you might want to consider mining alts, those are more profitable.
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 facilitates AML-KYC compliance and identifies criminals associated with illicit transactions, while maintaining and sthrengthening the privacy protections for legitimate users.
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?
well you have a very quite way to your option. if you purchase bitcoin you can invest to the icos to make way to earn profits instantly. in mining i think it would be worth it because you will have a passive income if you have that so you have many option but same perfect for you. for gpu over asicminer, if i were you i will waig its not too long gpu rig or mining rig need a proper maintenance and more effort than asicminer. 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 Bitcoin, you can Mining, exchange or invest, depending on your preferences as well as your abilities! Currently, digital money is creating a lot of investment opportunities for members,
Good luck
Good luck
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?
Considering that the electricity bills are not a problem for you, I think that mining bitcoins would
be a much better choice for you because bitcoins will never lose demand in my opinion. Furthermore,
as a newbie, I think that it would be giving you better returns and be able to avoid losses than
investing because you are still new to this industry and may find it hard to measure when to buy or sell.
I would suggest you don't mine, as mining difficulty has increased and it may not be that profitable. You should invest this amount into bitcoin and altcoins. If you diversify your portfolio then it would be profitable for you.
...
Unless you are already highly skilled in Bitcoin (or other crypto)
and
unless you can buy powerful mining equipment very cheap
and
your electricity costs are very low...:
Just buy the Bitcoin (or BCH, etc.)
Unless you are already highly skilled in Bitcoin (or other crypto)
and
unless you can buy powerful mining equipment very cheap
and
your electricity costs are very low...:
Just buy the Bitcoin (or BCH, etc.)
I think you must mining, but also you can trading(buy coin) so, your can do it all. If you lose in mining, maybe you will profit in trading, Good Luck. It just my opinion. Let's do it and Good Luck
Mining is good no doubt that in current time the price is too much down and the cost of electricity to too high, so you may not be able to make a reasonable amount of profit from mining, but you can arrange a free source of Electricity then no doubt that mining can give you a good profit, for example you can arrange solar panel which can provide you sufficient amount of electricity to run your system smoothly, then no doubt that mining is too much than trading and holding.
If your money is not enough to buy the tool with the power you have, better your money to buy bitcoin first in order to grow and get results in trading, and after your money enough you can buy the mining equipment you want.
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