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Actually I am not eager at all to spend it, this is all theory. It's a hobby of mine to mine, that's why I still have my ASIC sticks running - I wanted to see if I can make a profit from this but from the replies in this thread it looks like fuck it I will invest or just buy BTC and wait for BTC to rise up again.
Don't get me wrong, I'm not saying it is impossible to profit from mining but you need to have the right ingredients for it at current market conditions
For example dirt cheap or next to free power (most essential element IMO), then getting a good deal on miners ( probably buying bulk or used ), also last but not the least, having a secure free space (possibly with free internet as well
if possible ) to place the miners without having to pay rent for it. There are other variables you need to worry about but having the right key ingredients should alleviate the pain caused by changes in the price of coin or the difficulty and power outages,maintenance etc etc
cloud mining is a different beast and more of a gamble, your only hope of real roi is to buy cheap hash and then dump it at higher prices if it ever recovers because your chances of roi by just buying hash and sit on it, is slim to non-existence. Beware if you decide to go this route because it's like catching a falling knife, you might get lucky but the flip side could cause a lot of pain and remorse.
heck you might get better returns and opportunities with just trading BTC straight up without having the worry of if/when cloud mining operation might shut down or how illiquid the sell market is
