Should I invest? | Bitcointalksearch.org

mostkey

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Quote from: NextSon on March 13, 2017, 07:33:37 PM

I see a bunch of Antminers on Amazon for around 150$ id need to buy the power supply, I also dont pay for power where im staying. Should I invest?

150 $ that you spend to buy a power supply may be replaced by the investment you make, maybe everyone knows about the world of crypto. Mining and investing is something that can make us a millionaire

Liquid71

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Quote from: NextSon on March 13, 2017, 07:33:37 PM

I see a bunch of Antminers on Amazon for around 150$ id need to buy the power supply, I also dont pay for power where im staying. Should I invest?

If you don't pay for power then you should buy some miners, I'd suggest GPU and point them at nicehash to get bitcoin, just because I don't know how long it would take to mine $150 with the obsolete miner you're looking at but yeah if you have the time and power costs are zero eventually you'll mine $150 worth of Bitcoin with pretty much any old antminer.

Zenixin

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Quote from: Qartersa on May 23, 2017, 09:03:25 AM

Quote from: NextSon on March 13, 2017, 07:33:37 PM

I see a bunch of Antminers on Amazon for around 150$ id need to buy the power supply, I also dont pay for power where im staying. Should I invest?

I think given your current circumstance, it is high time to invest now. It is because one of the reasons mining is expensive is because of its electricity costs. Since you have mentioned you need not pay for electricity or power consumption, it is best to do critical thinking now about investing. Otherwise, you will lose a business opportunity at this point in time.

For the ETH, it is better to buy the coins directly. It will become PoS later.

Qartersa

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Quote from: NextSon on March 13, 2017, 07:33:37 PM

I see a bunch of Antminers on Amazon for around 150$ id need to buy the power supply, I also dont pay for power where im staying. Should I invest?

I think given your current circumstance, it is high time to invest now. It is because one of the reasons mining is expensive is because of its electricity costs. Since you have mentioned you need not pay for electricity or power consumption, it is best to do critical thinking now about investing. Otherwise, you will lose a business opportunity at this point in time.

veleten

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Quote from: Zenixin on May 15, 2017, 02:11:57 AM

Quote from: Golftech on March 24, 2017, 10:26:50 AM

Quote from: Amph on March 24, 2017, 10:20:24 AM

Quote from: chimchris247 on March 23, 2017, 11:30:56 AM

Can someone post recommended online minning sites and online cryptocurrency exchangers

you are talking about cloud mining it's not recommended, it's better to buy your gear and mine with that, because cloud are never profitable, in the only case they are it require you to trade your hahs, which is the same as trading with less margin...

exchange that are good for both alt and bitcoin, are poloniex and bittrex, now cryptopia start too look not bad too in my view

its really hard to find cloud mining which can be profitable or can deliver in our favor better to learn mining by yourself and buy those equipment which is needed in order to mine alts, but better to check also possible cost and profits to balance if mining from your place are still good.

The cloud mining is usually 3-5 times of the cost of building your own rig.

the cloud mining is usually scam,there are only a few legit companies out there and they are
borderline profitable (if not completely unprofitable)
there is no reason to not to try and build your GPU rig instead
after all you can sell your gpus for around 80% after,unlike most of the ASICS

Qartersa

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Good day! Well it depends on which country you are in. Generally speaking, it would require a hefty amount because of electricity costs. Maybe you can share more details so we can try to diversify costs? Nonetheless, I think it is a good investment in the long run. The thing is, you would have to wait for quite a long time to realize your investments.

Zenixin

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Quote from: Golftech on March 24, 2017, 10:26:50 AM

Quote from: Amph on March 24, 2017, 10:20:24 AM

Quote from: chimchris247 on March 23, 2017, 11:30:56 AM

Can someone post recommended online minning sites and online cryptocurrency exchangers

you are talking about cloud mining it's not recommended, it's better to buy your gear and mine with that, because cloud are never profitable, in the only case they are it require you to trade your hahs, which is the same as trading with less margin...

exchange that are good for both alt and bitcoin, are poloniex and bittrex, now cryptopia start too look not bad too in my view

its really hard to find cloud mining which can be profitable or can deliver in our favor better to learn mining by yourself and buy those equipment which is needed in order to mine alts, but better to check also possible cost and profits to balance if mining from your place are still good.

The cloud mining is usually 3-5 times of the cost of building your own rig.

Golftech

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Quote from: Amph on March 24, 2017, 10:20:24 AM

Quote from: chimchris247 on March 23, 2017, 11:30:56 AM

Can someone post recommended online minning sites and online cryptocurrency exchangers

you are talking about cloud mining it's not recommended, it's better to buy your gear and mine with that, because cloud are never profitable, in the only case they are it require you to trade your hahs, which is the same as trading with less margin...

exchange that are good for both alt and bitcoin, are poloniex and bittrex, now cryptopia start too look not bad too in my view

its really hard to find cloud mining which can be profitable or can deliver in our favor better to learn mining by yourself and buy those equipment which is needed in order to mine alts, but better to check also possible cost and profits to balance if mining from your place are still good.

Amph

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Quote from: chimchris247 on March 23, 2017, 11:30:56 AM

Can someone post recommended online minning sites and online cryptocurrency exchangers

you are talking about cloud mining it's not recommended, it's better to buy your gear and mine with that, because cloud are never profitable, in the only case they are it require you to trade your hahs, which is the same as trading with less margin...

exchange that are good for both alt and bitcoin, are poloniex and bittrex, now cryptopia start too look not bad too in my view

lottery248

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beware of your keys.

Quote from: philipma1957 on March 14, 2017, 12:33:31 AM

Quote from: NextSon on March 13, 2017, 10:11:26 PM

So pretty much if im not willing to invest 5-10k it wont be worth it?

Hard to answer.

But if you are USA based and have free power you could buy two Avalon 741 along with controller.

Reliable should turn a profit for you.

Canaan.io. Is the website.

Two machines with controller and shipping are about 1900.

And some psus maybe 300 so 2200 net .

You would break even in a year .

it is as well subject to the pricing of the electricity fee, if it rises, you have to pay more; or if you need to maintain the machine at the best condition, the fees might not allow you to break even. that would be horrible.

chimchris247

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Can someone post recommended online minning sites and online cryptocurrency exchangers

leowonderful

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Bitcoin FTW!

Quote from: veleten on March 19, 2017, 06:54:46 PM

Quote from: Zenixin on March 18, 2017, 05:38:29 AM

Quote from: Unacceptable on March 16, 2017, 12:51:20 AM

Invest in GPU's,you can sell em for almost what bought em for,unlike ASICs all ways drop as diff increases.....& diff will all ways increase Roll Eyes

Build a 4 card rig & mine altcoins,forget BTC mining it belongs to the large mining corps now Sad

The problem is that the GPU miners are more difficult to set up if you do it yourself.

no way,there is nothing hard in setting GPU farms up
besides,there are so many videos and instructions on how to do it,so you just cannot go wrong
the main advantage of GPU farms is that you are most certainly will return at least 50-75% of your investment at any time simply selling your hardware
but I agree baikal or any other x11 or Xxx miners are kings of ROI at the moment (thank you DASH and ETC and ETH pumps)

It's also easier to diagnose any issues that arise during operation and such as parts are generally cheaper and in more supply if something goes wrong; many miner parts like in the S9 can get pretty costly, and last gen miner parts are even more expensive. Even if you've never set up a computer before it's easy to make a rig; practically just pushing a few parts into place and a push of a button.

veleten

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Quote from: Zenixin on March 18, 2017, 05:38:29 AM

Quote from: Unacceptable on March 16, 2017, 12:51:20 AM

Invest in GPU's,you can sell em for almost what bought em for,unlike ASICs all ways drop as diff increases.....& diff will all ways increase Roll Eyes

Build a 4 card rig & mine altcoins,forget BTC mining it belongs to the large mining corps now Sad

The problem is that the GPU miners are more difficult to set up if you do it yourself.

no way,there is nothing hard in setting GPU farms up
besides,there are so many videos and instructions on how to do it,so you just cannot go wrong
the main advantage of GPU farms is that you are most certainly will return at least 50-75% of your investment at any time simply selling your hardware
but I agree baikal or any other x11 or Xxx miners are kings of ROI at the moment (thank you DASH and ETC and ETH pumps)

Zenixin

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Quote from: Unacceptable on March 16, 2017, 12:51:20 AM

Invest in GPU's,you can sell em for almost what bought em for,unlike ASICs all ways drop as diff increases.....& diff will all ways increase Roll Eyes

Build a 4 card rig & mine altcoins,forget BTC mining it belongs to the large mining corps now Sad

The problem is that the GPU miners are more difficult to set up if you do it yourself.

Amph

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Quote from: Unacceptable on March 16, 2017, 12:51:20 AM

Invest in GPU's,you can sell em for almost what bought em for,unlike ASICs all ways drop as diff increases.....& diff will all ways increase Roll Eyes

Build a 4 card rig & mine altcoins,forget BTC mining it belongs to the large mining corps now Sad

yes but generally an asic die only when a better one come out, and the antminer s9 is still the king, so it will not be unprofitable for a long time

i want to note that x11 asic are more profitable than anything at the moment, better than gpu and antminer, and they efficiency is very good compared to their contenders

el kaka22

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Quote from: Unacceptable on March 16, 2017, 12:51:20 AM

Invest in GPU's,you can sell em for almost what bought em for,unlike ASICs all ways drop as diff increases.....& diff will all ways increase Roll Eyes

Build a 4 card rig & mine altcoins,forget BTC mining it belongs to the large mining corps now Sad

This. Definitely this. If you are looking for a shorter and more rewarding way you should buy rigs and mine with them for altcoins.

Specially new altcoins that comes out of the market. Then you can be one of the first ones to mine it and get in early and get out early. There were multiple coin pools where they mine the most profitable one and if you use your rig there you will make decent amount money. You can resell the rig as well.

Unacceptable

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Invest in GPU's,you can sell em for almost what bought em for,unlike ASICs all ways drop as diff increases.....& diff will all ways increase Roll Eyes

Build a 4 card rig & mine altcoins,forget BTC mining it belongs to the large mining corps now Sad

NextSon

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Thanks so much for your replies!

civilufo

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Quote from: philipma1957 on March 14, 2017, 12:33:31 AM

Quote from: NextSon on March 13, 2017, 10:11:26 PM

So pretty much if im not willing to invest 5-10k it wont be worth it?

Hard to answer.

But if you are USA based and have free power you could buy two Avalon 741 along with controller.

Reliable should turn a profit for you.

Canaan.io. Is the website.

Two machines with controller and shipping are about 1900.

And some psus maybe 300 so 2200 net .

You would break even in a year .

Thanks for ur reply so much. Actually I was thinking to invest in ASIC but I really have no idea about the ROI. Some ASICs require ~2 years to break even, to me, I think it is too long. And you have mentioned a good point = reliable.

vh

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The $ increase only scales the net.
If you don't net profit, then it doesn't help.

If you manage to get yourself:
1. A working device on the first try.
2. A good buy price (30-40% under 6 month gross)
3. Low electricity.

Succeeding in two of the three will lean more towards being worth it.
Still a bet on how things will look 6 months from now.

Use this tool I clobbled together to think about it:
http://mining.tipsternet.com/miner.html

And check the forums on vendor product complaints *cough*Antminers*cough*.

Topic: Should I invest? (Read 3356 times)