Mine OR Buy?

in #mining7 years ago

The question many people ask? to mine or to buy? On my journey to discovering what was best for me i had to do some investigation. What will i be mining with? What will i be mining? What are my profits? I knew about Genesis Mining and already had put some of my earning into that. Coinwarz.com really did help with what my profits would suggest. But i kept thinking to my self, maybe i could just mine the crypto i'm purchasing on Genesis. Its been done before, yes its 2017 and it is extremely hard to mine BTC but i can be done.

I watched a ton of Youtube Video's and finally bought my first piece of equipment to mine BTC. My first Antminer S5. Wow! What a kick starter to the world of mining BTC. After a week, i understood, mining in 2017 on a single Antminer S5... Not worth it!

Mining Alt Coins Worth it!

In conclusion, If you have multiple mining rigs, dont care about power bill cost go for it! It still can work.

But if you have some money and can keep a close eye on the market to see when to buy and sell do that too.

Either way.. Bitcoin is a great investment!
S.Z

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