Post
Topic
Board Beginners & Help
Re: New to Bitcoin. Should I mine or buy coin with my $6000
by
Crypto Girl
on 22/08/2018, 11:09:43 UTC
Hi Everyone,

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*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?

Good for you if you don't mind the electricity cost because you can have more decent profit. However please keep in mind that return of investment ( ROI ) will be more or less than a year but still depends on the coin you'll prefer to mine. It isn't a quick profit thing, by the way.

Though it seems waiting didn't bother you but I think you should reconsider in buying bitcoin now to see how you can profit in trading nor holding it. Just don't diversify too far in altcoins and try to focus more in bitcoin.