Post
Topic
Board Beginners & Help
Re: Best strategy for a newbie with about $10k to invest
by
bitintheghetto
on 06/12/2013, 17:09:49 UTC
With most asics your return will be minimal. Invest in Bitcoin, or some promising altcoins like Datacoin, Securecoin or Protoshares.

I was thinking this too. Looking at a long list of ASICS that can be reordered, they all seem to be popping up at points where the increased difficulty in the bitcoin algo would make them next to unprofitable.

I'm thinking I would just build a GPU cluster and mine some SCRYPT based coins. They are apparently ASIC resistant, this should make their difficulty curve less disruptive. I really want to do some real mining as opposed to downright coin purchase. My ideal scenario would be coming up with a solution that scales with corresponding difficulty increase in the altcoin algo while remaining profitable.