Quote from: lyth0s on May 15, 2014, 02:56:08 AM

Quote from: DarkMiningBTC on May 15, 2014, 02:53:07 AM

Quote from: lyth0s on May 15, 2014, 02:51:19 AM

Quote from: DarkMiningBTC on May 15, 2014, 02:46:10 AM

ok, you guys think I should get more miners after I break even? I mean there are 27 MH miners coming out for scrypt coins for only $4K but it seems like everytime you get a miner, you never break even. BTW I mine doge mainly and save it till it sky rockets. I don't dump instantly.

What I have learned from mining is this: Unless you run a super mega mining solution, you're almost always better of buying the bitcoins now and riding the growth. I do still buy a miner when I find that it can be:

1) Bought with bitcoins
2) Will make back more bitcoins than it cost (including the additional of electricity and PSU costs)

If you can find a miner that will do that, then go for it because you will continually make more coins irregardless of bitcoin price. But if if will mine LESS bitcoins that its current cost in coins, just buy the coins and hold.

Ya seems right, honestly these days mining's becoming pointless. After my miner breaks even I'll just stop. Though the thing with buying and holding is it can take months and months to make a little profit even if you put thousands in. Though I'll just invest from now on. ATM i am investing in doge and BTC.

Doge has really good marketing and I think that is a fair investment for a smaller part of a cryptocurrency portfolio (I like to play the market safe). I think bitcoin should be the biggest part of a portfolio. And I advise to also invest some in litecoin. The Litecoin/BTC ratio is rather stable IMO and in times of bitcoin surges the ratio goes up quite nicely for an improved return (trade the litecoins for bitcoin) then if/when btc price falls, less people want LTC and the LTC/BTC ratio drops, at which point you can rebuy LTC with your BTC and increase the total amount of coins you have.

good to know! Will do, I was actually researching LTC for a while. Let's just hope my 5MH miner breaks even.