Post
Topic
Board Beginners & Help
Re: New to Bitcoin. Should I mine or buy coin with my $6000
by
pikebu
on 21/06/2018, 10:39:22 UTC
Hi Everyone,

I'm new to cryptocurrencies and would like to know your opinion on what best to do with my $6000.

I was initially planning on purchasing a GPU mining rig with gtx 1070s but then upon further research found that 1070s can only do 600-700 sol/s

Then I found the asicminer equihash which can do 40,000 sol/s and costs $14,800 which will be released on July along with new nvidia generation cards.

I know its a bit late now to start but I am really thinking hard on this but I need opinions from veteran guys.

tl:dr;

1. Should I buy bitcoin with my $6000 or
2. Use it to buy a 1070 GPU mining rig or
3. Wait until July for new nvidia graphics card to come out (or the asicminer equihash).

Thanks so much for all your feedback.

*Edit: Would like to inform everyone that electricity costs would not be a problem as I have a way to manage it. Considering that electricity cost is not an issue, is mining going to be profitable for me right away?
I don't want give you recommendation to mine or buy coins with your money because on them bolt there are high risk losing of money, i will suggest to you for learning more about the mining activity, trading activity especially in cryptocurrencies and any other related with bitcoin and any other cryptocurrencies. You must really understand about it because however you are very new in cryptocurrencies don't be greedy in the profit from cryptocurrencies before you know more about them.