Post
Topic
Board Bitcoin Discussion
Re: BTC - Buy it OR mine it...
by
sorrysteve1
on 02/12/2017, 21:07:03 UTC
Jack and Jill have a bathtub full of 20 Dollar bills that some old Baby Boomers left them when they kicked the bucket.  The contents of that bathtub total 5,000 USD.  Jack has a good Job with plenty of flexibility while Jill works from home.  They have no children with no plans to have any.

Jack comes home after reading all the news about BTC's soaring prices.  He says to Jill he would like to get involved and see what BTC is all about first hand.  Jill turns around and says i heard about it as well... I want to trade the volatility during the day.  Jack says he would like to run a Mine. This would allow him to generate passive income. 

How would we best accommodate Jack and Jill in the above scenario?


If we are sticking to the budget then it becomes difficult to accommodate both options as the funds would be stretched trying to set up a good mining rig and then having enough left over to trade with. Of course a lot depends on other things such as where they live or what gear they may already have as well as experience. For a completely clean slate in a relatively profitable country for mining I would say they should mine. They can grow their income and over time Jack can give some of his returns to Jill and she can begin to trade with it.