Post
Topic
Board Mining speculation
Re: To mine or invest?
by
nydiacaskey01
on 07/10/2017, 17:46:46 UTC
Hey, total newbie here looking to break into collecting coins lol

What is the most effective way to start?
How much would it cost to build a setup to mine verses just investing?
I assume that when you said "investing" you are talking about investing in cloud mining versus setup your own mining rig. If you have access to free or at least cheap electricity then mining your own coins is good for you, but you have to consider having a partner in running your mining farm because you can't do it alone if you plan to run it 24/7.

Cloud Mining is tricky because aside from qualifying which one is legit and which one is just ponzi, you have to consider the ROI. Hashnest is related to Bitmain but it doesnt mean they are legit however ROI there is very long.