Post
Topic
Board Mining speculation
Brand New to Bitcoin Mining - Will $600 cut it?
by
2PMintheAM
on 22/03/2015, 04:52:51 UTC
As you can infer by the title, I am a Bitcoin mining noob... but the concept interests me. I've watched many YouTube videos, and attempted to find beginner help, but I'm at a point where I feel like I need to ask specific questions to learn more! (: I'm very interested in learning more.

To keep this short.. I have $600 I can invest entirely to Bitcoin mining at this moment. I currently don't mine, this is the first day I've really taken a look into what mining even is.

So be honest with me, with $600, can I somehow invest in hardware, or a cloud service, or something else, to profit? Is $600 too low to start profiting, should I bank the $600 and build up to maybe.. $2000 before making my initial purchase in hardware?

If $600 will work, and be profitable for me, where do I go now that I have $600? Very new to all this, all I really know is mining with a GPU in my basic desktop PC will only lose me money, it's all about ASIC's (did I mix the letters up? You know what I mean d:).

So Basically:

If you had $600, and never mined before, what would you do? Buy specific hardware, maybe cloud services, or save it because $600 won't do anything.

Thanks!