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RE: What $20,000 of Bitcoin Mining Power Looks Like!
I've been thinking about mining as my next thing, but first thing's first - the FIRST thing I'm doin' has to make money. XD
Once I'm at that point, it's definitely something to consider and looking into further. I keep hearing that there's more money in trading cryptocurrency than there is in cryptomining, but the way I look at it - if it makes money and comes in at a profit, it's good.
Then again I'm hearing a nine-month break even point on mining rigs that cost a coupla thousand dollars.
What do you think?
~Thomas Duder, Curious
I recommend that you trade cryptocurrency IF you know what you are doing. This can be very risky. I decided to start mining as I was newish to the crypto "world" and did not really know anything about trading so did not want to take that risk.
Indeed, but it's kinda like poker. You gotta be in it to win it~!
Besides, I only have one computer and couldn't afford the electrical bill just to mine part-time. I have heard of virtual mining, but the community (at least the vocal ones) are split about whether or not it's a scam.
Eh, I'll give it a try sometime...after the current thing I'm in pays out. This week, if not next Monday, is first withdrawal~!
Buy a coin and hodl it. Do your research. Ethereum and Litecoin are decent altcoins that most people can afford.
The 9 month break even point is a lie. That will literally never happen. After transaction fees, taxes, and rising difficulty rates you will be lucky just to break even, in which case, you've taken a loss.
Ok I no longer appreciate you spamming my post, you do not have any idea what you are even speaking about so please leave.
I'm here to learn.
So if you would be happy to explain how someone could purchase an Antimer that has a hash rate of 13.5 ths/sec, for $3000 on ebay, plus the power cord for an additional $400 PLUS an additional charge to have their outlets fitted for a 220 plug AND break even in 9 months. I would be more than happy to hear.
I never said I use an antminer anywhere did I?
"Then again I'm hearing a nine-month break even point on mining rigs that cost a coupla thousand dollars."
I was reply to the original poster of the comment. who specifically asked for your input on a rig. I provided my own assessment as I was pretty sure you just ignored his question.
The antminer is the most common rig that is used due to its efficiency and its profitability.
It's understandable however that you saw it as a personal attack, since most of my statements have been seen as such.
Ah right, Sorry I misinterpreted your reply.
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086
0.1 BTC free for mining-you can buy 9 th/s lifetime , offer limited time https://seebit.io/?r=56086