Topic: Should I mine BTC or ETH? (Read 1653 times)

I never thought this way but;

Mining ETH makes so much goddamn sense. Because You can convert them into Bitcoin instantly!! And you know what? You actually mine bitcoins with GPU's then   Who needs antminers while you can mine bitcoin with AMD rx580's ?  

You need to make your own research about the equipment. Do it first and if you get stuck, ask those in another thread.

Awesome, and I'm thinking like you when it comes to ETH and BTC. But yes, that's not relevant when thinking about mining... Give the people what the people want...

That investor could throw in 100,000 - 300,000 €. He would rent a hall, this is certainly not about mining at home. I'm just thinking about how to use all of this money most effectively. So just multiply all of the numbers? Or is there is more effective and expensive gear available?

And thanks for that Antminer link, I have to learn the basics of the basics.

And that's true for ETH as well, I suppose. I thought as less people are mining, difficulty goes down. But it only goes one way, got it.


So ETH then. The price speculation doesn't matter, as we would sell the mined coins right away. The investor wants it that way to minimize risk, which makes sense.

I think once (if) the scaling issue is solved and a hardfork is out of the way or successfully accomplished, BTC will continue to climb. Just my opinion.

1- ETH had an incredible bad start with DAO fuck up. I just lost hope in that moment.
2- It is too centralized on Vitaliq. If anything ever happens to him, it will be a bloodbath.

I am not saying eth is complete shit but i definitely wouldn't go %100 with my hard earned FIAT.

If I had 100 pieces of FIAT, I would trust 10 of them into Bitcoin and only 1 of them into ETH. But that's me and i maybe wrong. Who knows.

Bitcoin doesn't worth mining those days until you have already the hardware (if you have mined in the past) and/or if the electricity in your city is really cheap or free.

Mining ETH I think that worth buying 6x RX 480 8GB and modify them can bring the hash rate up to 170 MH/S or a little more and can bring monthly 800-900 USD. 

i think you need to read more about mining so you can choose what to mine. but if i can give suggestion, then i think you can mining eth because eth now is not difficult like btc and if you use high-end hardware, i think you can get a lot of eth but you need to thinking about the electricity fee. how much money is depend on how much you can spend because you need to make mining rig with 5-8 vga cards. the more hardware you have, the more profit that you can get so you need to buy that vga cards. i think the high of your profit is depend on what type of vga cards you use so you can count how much you get in a day.

Hmmm, why do you hate ETH? I think it is really nice project, a lot better than parent bitcoin...

As much as i hate eth, i would advice you to mine eth in these days.

Whether you hold your eth or convert them into bitcoin is up to you, (i would go %10 eth, %90btc) but as a miner's perspective; eth is no brainer to mine. Eth or anything else which has GPU support.

Bitcoin home mining is long dead. You'll need to buy hardware from Bitmain and if you have any problems with your miner, you'll be having one of the worst customer support experience there is. I don't know which part of the globe you live on but you'll probably wanna take notice, Bitmain is located in China. Buying them is a pain, selling them is a pain, operating them is a pain, if you have any problems you'll be experiencing the real pain. Bitcoin mining is a no no.

On the other hand, you can grab a few AMD or NVidia gpu's from the local PC store of yours (maybe even used ones) and you can start mining eth right away. No need to tell, you'll get your ass covered immediately by the companies if you have any problems. I can write a page about the benefits of home mining but you probably already got the idea.

TLDR; Just mine eth and save yourself from endless pain.

------

How much you need to invest? Depends on your budget. A GPU is around 200$. Many people run 6 of them. The other parts are dirt cheap. 1700-2000$ would build you a nice GPU rig.

A single antminer s9 is 2700$ https://www.amazon.com/Antminer-S9-16nm-Bitcoin-Miner/dp/B01GFEOV0O

Nope, it doesn't work like that... The mining difficulty isn't going to be lower when the price of 1BTC decreases.


I would rather advise you to mine Ethereum, which is totally worth being mined now and has a lot more potential to become a lot bigger and better crypto than Bitcoin. Especially, when bitcoin is going to have potential Segwit in September this year (?), which will increase the value.
+ Bitcoin is no more profitable, even if you buy the most expensive mining rig, which is not likely to be afforded
+ Ethereum is still profitable with GPU mining rig (look http://www.coinwarz.com/cryptocurrency to calculate your profit)

Much better to try caculate your profit first here
http://www.coinwarz.com/calculators/bitcoin-mining-calculator
And make sure to add the cost of hardware and it gives you an idea if its profitable in your area or not..  if not go to ethereum or other altcoin or invest your money in bitcoin and scaling them up and hold for a long time to get benefits of the price increase..

I actually know an investor who is ready to throw a good amount of money at this, so money is not a problem. So better try BTC?

Really high price... that's why I asked how much my profit depends on the price. Because I thought mining might become easier if the price goes down.

Both are good to mine but it depends if what country you are living if you choose bitcoin it needs a lot of money to buy a miner is costly too much than you are building GPU rig for ethereum.. and ethereum is really high price right now i don't know if the price will continue's increase better to try other altcoin to mine if you really want to make a good profit..

I'm new to mining, and would appreciate any hints you guys can give me.

1. First question: Would you rather mine BTC or ETH right now, and why?

2. How much to invest would make sense? And how much money can I get out with that investment?

3. What does it depend on how high my profit will be? And how much does it have to do with the current price of BTC/ETH?

Beginner questions...

Thanks!