Topic: Please help (Newbie) What should i buy? (Read 1372 times)

Vrhax is correct.  Use most of your funds to just buy BTC. Hold most of them use some for trading.

Use a small amount to buy  1 GH/s on Cex.io or elsewhere to see how it works you can see how your payouts shrink over time as pool grows. Buy 1 USB erupter for less than .05BTC so you can try miner programs.

Write off both of the above as research and education. While both the GH/s and the erupter will pay out very small amounts of BTC you won't make back the full amount even after reselling. 

Check out the Genesis Block Mining Calculator. You can select different mining products, and their calculator will do the rest. Now, take a look at KnCminer... which appears to be the market leader at the moment. Select "Mercury" under their product list. Assuming you received the miner today, you could mine ~5.67 BTC. You would be mining zero BTC by next july. Your cumulative BTCs would be under 10. At today's market, that's about $2K. You've just paid for your equipment but will be no longer mining BTC.

Or, take that same $2K and sign up with a reputable exchange. Throw your money in that exchange, and wait for a market lull, then buy your BTCs. Sell them when the market peaks. Rinse repeat. If you're a decent investor, you could very well double your investment.

And finally, if you're intent on mining. Split your funds between purchasing BTCs and purchasing mining equipment (or, sign up for cloud mining). Keeping in mind you won't make an ROI from the mining portion of your investment. If you go the equipment route, hook it up, power it up, and point it at a pool, with a  minimum payout set, so that you'll automatically receive satoshis every so often.  let it crank along, while continuing to play the market with your BTC investment.

That said, I opted for the latter route... purchasing BTCs and dabbling in mining. For example, when I purchased my asic miner, it was already obsolete. That is, the big boys were already out the gate. Nonetheless, I still get a little bit from my mining, and it also gives me the opportunity to play with the mining code (i.e., cgminer, bfgminer, etc).

 

Nope, the difficulty grows so fast you cant make profit with it. The cex.io owners know it, so they dont mine but just sell hashpower

cex.io sounds the most sensible

you can also take a look at https://cex.io/ buy some hashing let it make back some bitcoin and you can sell the GH/s back hopefully at a profit.

fast if you buy at current price you will be mining in minutes

I'm not connected with them other that having a very small amount .75GH/s invested there.

 

I am with ya, I really dont understand the share buy/bidding aspect :\

I'm also a Newbie and have the same sort of money to invest.  The advice on NOT buying H/W makes sense until all is understood.

So, I'm going to first have a look at Labcoin and maybe buy Bitcoin.

The shares at Labcoin is confusing the pants out of me   What the hell do I do   damit!!!

what do you think of the idea, if i was to buy something like the 2TH/s cointerra rig (when they deliver it that is), because my credit is good and i would have no problems getting a loan. i mean i would be happy withing 2 months or so to get my money back and get a little something as profit.

You'd make a better profit just buying bitcoins.  Invest them in projects, gamble them, ETC.

no shares. no shitcoin. buy 50% bitcoin. and 10% to NVC,PPC,PrimeCoin,WDC,DGC. You will have x10 in next year by september

Welcome. You can also buy btc and invest them (like in coinlenders.com or just-dice.com), which is safer than mining I think.

Yes that is good advice. never buy bfl equipment also :-)

Buy Stocks.

Invest in companies that do mine.

asicminer blades are not profittable, you will not make ROI.

buy labcoin mining shares: https://btct.co/security/LABCOIN
the price has only been going up and when they start mining you and me will be rich

Thanks to everyone who has replied. you have propbely heard but the ASICminer Blades have gone in by less than half. 
http://thegenesisblock.com/asicminer-blades-reduced-65-to-3-5-btc/

dont buy something to fast. first you should read, wait and learn. mining for a newbie is not a good way to invest.

you should invest in mining shares like Labcoin. labcoin could be worth as much as asic miner if everything is successful

its sad to hear that there's no point in buying any H/W 

go to bitstamp/locabitcoins/bitcoin.de and buy coins instead of mining gear. that's what I would do.