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?
It is a matter of your analytical skills, ability to predict the market trends and movements and also the power of the apparatus or the mining equipment you got. If you are capable of forecasting the market's behavior by analyzing the current trends and also if you are a risk taker then investing on bitcoins or any other token would be the best option. On the other hand, if you own or as mentioned here, can afford the cost of a high end equipment, then mining would be a better option but since there are a large number of miners currently do mining in this area, the profitability would be a concern.