Quote from: traderethereum on March 05, 2018, 07:21:08 AM

Quote from: Mineboi on February 08, 2017, 09:20:26 PM

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

it's good if you can save up $80 every month and you can use it for investing in bitcoin and don't use it for anything except just hold the bitcoin in your wallet. and if you want to try bitcoin mining, then you need more money to buy some hardware to start but it will be hard for you to start because every hardware now is too expensive. my suggestion is you need to find out what is the best for you and if you think bitcoin will work for you then you can go with bitcoin only.

If you can only save up $80 per month then i do presume that you wont really have the capability on buying out ASIC hardwares which same as you said those are very expensive machines that can mine bitcoin but having this minimal step on saving up on bitcoin instead thru smaller amounts isnt really a bad idea at all.Accumulate as much as you can then better find another ways on maximizing potential profit by doing trading.Allocate a small percentage through it.