Mining has piqued my interest over these last few days and I would like to do it for a profit and for fun as a hobby but from what I understand this is becoming increasingly difficult. I figure Bitcoin mining is too competitive to bother so I mainly have my eyes on Scrypt coins but I am afraid to invest in these GridSeed devices with all the supposed Scrypt ASICs right around the corner.
What do you guys think? Waste of time/money/resources?
I just invested into a few gridseeds. The only problem is that they are around $300 each (Unless you got BTC with you). So 1 GDS will break even in like 3-4 months. BTC is all over the place but I think for the price you're gonna be paying for the gridseeds, I would recommend getting a Antminer S1. Just my 2 cents.