Topic: Started mining and buying BTC. Time to go big? (Read 473 times)
@Phiche Basically you start to buy then once ready you go big because that's the ultime way to get more BTC
Bitcoin is still in a state of infancy. You can't even trade it with your Roth IRA account yet. When that happens, it will go SKY HIGH!
So let's get this first post over and done with.
I've been mining for a couple of months now with a couple of asics and I'm pretty happy with the results. I'm planning to continue mining in the near future and I'm following closely how the price and difficulty is changing with the numbers of companies producing asics.
I like the idea of hosted mining which eliminates the hassle of running your own setup, but I'm pretty surprised with the resale values of the asic miners. I will probably sell mine in January and upgrade. The question is whether to buy hosted hashpower or buy machines outright?
Although I like mining, it kinda seems to me that the better bet is to just take the money and buy bitcoins instead (I'm a believer in $10 000+ USD/BTC valuations buy the end of 2014). I would have a lot more bitcoins now had I done that the first time instead of laying down the money to buy miners...
What say you guys who read newbie posts?
I've been mining for a couple of months now with a couple of asics and I'm pretty happy with the results. I'm planning to continue mining in the near future and I'm following closely how the price and difficulty is changing with the numbers of companies producing asics.
I like the idea of hosted mining which eliminates the hassle of running your own setup, but I'm pretty surprised with the resale values of the asic miners. I will probably sell mine in January and upgrade. The question is whether to buy hosted hashpower or buy machines outright?
Although I like mining, it kinda seems to me that the better bet is to just take the money and buy bitcoins instead (I'm a believer in $10 000+ USD/BTC valuations buy the end of 2014). I would have a lot more bitcoins now had I done that the first time instead of laying down the money to buy miners...
What say you guys who read newbie posts?
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