Post
Topic
Board Mining speculation
Re: Request: Suggestions on Where To Put $1000
by
Cummins59
on 06/01/2015, 11:16:44 UTC
Thanks for all the advice.  I just have one point of contention regarding miners.  Miners also become more expensive when btc goes up.  That's it, just wanted to make that point.

But for the most part, I agree and will probably buy some btc.  Or maybe I'll follow Wu Tang's advice and diversify my portfolio!  hmmm Could pick up a miner and like BTC2.

But really, if the btc price goes up, I win either way.  The difference with actually having the mining equipment is the btc can be accumulated over a loner period of time.  I'd argue that a miner can produce more than btc sitting in an account.

Now if I could just find a free source of electricity. 

Don't buy a miner. That is a complete waste because by the time btc goes up the only profit you will be making is for the electric company as the difficulty will be too high for your little 3000 gh miner.

Just remember the old saying "If my Aunt had balls, she would be my Uncle" but she doesn't so the "if's" in life usually don't happen unless there is some intense intervention.