So I recently got into bitcoin, I can see there is definitely good profit potential so I'm curious on how possible it is to making a living off of it. Mainly on mining but in still figuring out trading.
I bought an Avalon 741 and also using a few high end gpus for mining and making a decent profit on that. (Gpus in 2 gaming pc's I built and a gaming laptop so they just mine when I'm not using them) Currently on nicehash1 but I'm also curious about switching to an actual pool.
I'm thinking to expand and build a mining farm eventually and I think I have a solid plan for that for the next couple years. Basically just buying miners with profits from miners and eventually I know I'll need some kind of warehouse to put them in.
I'm also interested in trading but I don't fully understand it yet.
Any insight and advice would be great, thanks.
If you really want for you to love a life with just doing bitcoin related activities, I think you should stop mining for the reason that it is a waste of time and money if you only have a couple of machine or one. But if you really want live only by the use of bitcoin, you should join signature campaigns, trading, and buying and holding bitcoin and selling it when the price of it increases.