Re: I have just pulled out my 1.5 btc from bitstamp and invested in the zenminers
With the exchange price plummeting recently, I don't expect the exchange rate to go up anytime soon. So I have decided to pull out my 1.5 btc and buy some of the zenminers to generate at least a positive flow of btc.
The bad news is the price for the miners is not flat rate in btc but still in exchange of usd value at current exchange rate. However it's still worth trying rather than holding the btc and hoping it will rise.
What do you guys think? Is it a good move or a bad one?
Thanks.
The bad news is the price for the miners is not flat rate in btc but still in exchange of usd value at current exchange rate. However it's still worth trying rather than holding the btc and hoping it will rise.
What do you guys think? Is it a good move or a bad one?
Thanks.
With BTC dropping, you should buy S3 instead which is fixed at 0.58 BTC. But its sold out
At 0.21 cent/kwh of electricity, I'd guess that even with zero capital on the mining rig I would still run a negative ROI with the power cost, not to mention that the btc price drops even lower.
Actually, at 0.21 cent/kwh, nothing is profitable
...Oh god, it's not 0.21 cent/kwh, should be 21 cents/kwh