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.
Aside from mining bitcoin, I think you should reach out the trading business here in bitcoin. Sure mining got you enough profit but you partner that with trading whenever the price changes. As a miner, I guess you have saved up money and you can use it or part of it as a capital in trading. Just try it at first and of you think it suits on you, you can decide whether to be both miner and trader or choose one.