Hi.
Im new to mining and looking to invest about $1000 in a mining rig.
I have been closely monitoring alt currencies since the new year, and I must say... they get more and more thrilling each day
Basically, I want to have a miner that I can use to mine the new pump and dump currencies. After the initial $1000 investment, it would just be me making bets on what currencies I think have a chance of jack potting, and then using my rig to mine them.
I know each alt currency has its own hash algorithm so I was wondering if investing in a gpu miner would be the best way to go for my plan.
I am also considering buying contracts to use corporate miners for small periods of time
Thanks in advance for the input/help.
~IceJelly
Im new to mining and looking to invest about $1000 in a mining rig.
I have been closely monitoring alt currencies since the new year, and I must say... they get more and more thrilling each day
Basically, I want to have a miner that I can use to mine the new pump and dump currencies. After the initial $1000 investment, it would just be me making bets on what currencies I think have a chance of jack potting, and then using my rig to mine them.
I know each alt currency has its own hash algorithm so I was wondering if investing in a gpu miner would be the best way to go for my plan.
I am also considering buying contracts to use corporate miners for small periods of time
Thanks in advance for the input/help.
~IceJelly