Post
Topic
Board Mining speculation
Re: What to do with 1 Bitcoin?
by
Stedsm
on 04/11/2017, 11:01:32 UTC
Say I have one bitcoin today. What should I do with it? Should I get four S9 antminers or three L3+ antminers or combination of them.

Are are some smart options to grow this one bitcoin?
- buy equipment & mine (i have cheap electricity)

Buying equipment to mine Bitcoins is not a bad idea, but even if you have cheap electricity, remember this that you will need few months before you ROI on your investment itself and the increase in difficulty as well as decrease in efficiency of the miner from time to time will slow down on the returns that you will get eventually.

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- buy equipment and have Hashnet host them

Can't say anything on this because all such services look more of a ponzi to me even if they had been there for years.

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- hodl

Best decision according to me, but will prove better for you if you are interested in fiat gains more than "growing" your coins. Sitting and waiting will nil down on risks of losing your coins.

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- invest in LTC instead of BTC

Don't, you might have witnessed the current blood bath but it's not significantly a proof that altcoins will gain immediately after Bitcoin's rally ends.