Re: What do you think about Bitcoins investment, I need your advices
You're paying about 50% more than the cost of materials to buy the rigs. You can get them locally for cheaper(almost at cost since a lot of the AMD prices have doubled on the GPUs) if you post an ad although it might take you a few days to source one. Use NVIDIA 1070/1080/1080 TI if you want to mine Zcash and AMD 470/480/570/580 if you want to mine Ethereum. I'm looking for a penny coin to get into, but it seems almost random as most follow what BTC/ETH are doing.
While it's fun to mine and profitable after 3-4 months, you have to make sure the coin price outpaces the degree of difficulty chart. Most people don't consider that when they put together mining rigs. Look at this week from June 5 to June 10. The difficulty went up from 580 to 680 or 17% and the price went up from 247 to 292 or about 18%. You can assume there is no significant difference. Basically, the price has to go up at the same rate as the difficulty to keep on mining. https://www.coinwarz.com/difficulty-...fficulty-chart https://coinmarketcap.com/currencies/ethereum/
It's much easier to simply buy and hold right now than invest in mining rigs unless the price of the coin will drop or stagnate. If you think it will stagnate, then you shouldn't be investing in alt coins. There is a bit more to say on trading versus mining though. If ETH hits $1000 at the end of the year, that's a really nice investment. If you're worried just sell it below $200 and you'll only lose 30% of your fortune.
If anyone can break this down into layman's terms, that would be great: https://github.com/ethereum/wiki/wik...f-of-Stake-FAQ
Last edited by duffrageous; 06-10-2017 at 02:44 AM.
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