Re: Is it worth buying equipment for $5k or so?

Will I make a profit on this? I am starting to give it serious consideration, but as far as I am concerned the whole shit is a scam and you always end up going negative profit when you buy hardware as new stuff is always around the corner. What will $5k give me today TH/s wise?

Would it be wiser to invest in a cloud mining service?

1. Make a profit? Probably not.
2. Whole shit a scam? Remains to be seen.
3. What will 5k give me today? Not enough.
4. Wiser to invest in cloud mining? He'll no! !

So what do you suggest then? Invest in a gambling site?

if your really wanting to gamble on bitcoin (yes that's exactly what it is right now) I would simply buy coins and hold. Anybody that tells you they know for a fact what bitcoin price will be x # if months from now is a liar and a fatmouth. and absolutely do not invest more than you are willing to lose

I am well aware of this. BTC has always been a gamble but now it's a bigger chance to lose. I think the price will go up though, but it always comes down to speculations.