Post
Topic
Board Beginners & Help
Re: New to Bitcoin. Should I mine or buy coin with my $6000
by
A Feeder
on 22/06/2018, 04:27:43 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?
If I have 6000 USD, I will wait bitcoin to dip its price to 5,600 USD and then buy. After that, I will just wait and hold my bitcoin for 5 months and I will cadh out immediately. This is my main option because mining is not that profitable nowadays and it is better if you invest.