Post
Topic
Board Beginners & Help
Re: Investing into mining or trading ?
by
p3rplexamous
on 04/12/2017, 18:34:22 UTC
Mining is a tough game to get into, not only do you need the space (if you intend to mine BTC) but also need cheap power and at least 2k for a decent ASIC miner. If you are looking more into GPU mining rigs, even building one of these can run you a decent amount of money to make it worth it.  If I were you I would learn from my mistakes.  I got into Bitcoin in late 2012 and bought some coins, but decided I wanted to have some of them earn me more money (makes sense right?) long story short, I lost all the money I put into mining via cloud mining scams, ect, and I would have been way better off just buying and holding.  $500 a few years ago would be worth 12k+ right now, so my advice to you would be to invest in a secure storage device like a hardware wallet, and buy BTC and sit on it.  2018 is expected to have a lot of forks that you can in turn sell for more BTC (sort of like a dividend).  Best of luck.