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.

Well, if I calculated correctly, with my 1.5 btc investment in zenminers, i can get a return of 0.015BTC/day, which means the investment is as good as holding the btc while the current btc price doubles in about 3 months

Am I correct?

KNC Titans are coming out this week.....by zen miner I assume you mean a machine not cloud hashing etc....you'd be better off buying coin imho
just trying to warn you as a 10.3k 300mh (no refund no compensation) KNC Titan unit coming this week or next

oh well its a toy to play with alts ....but ROI no way...and they have a lot of this hitting the skids equip wise imho

just saying good luck

Thanks for the info, I am still new into cryptocurrency mining thing. By zen miner I do mean the cloud mining hashlests that they sell, and I don't quite understand how mining in alts can get me btc as well. The 1.5 btc in bitstamp will be sitting there uselessly if the price of btc continues to drop so I figured why not generate some btc by mining with the 1.5 btc that I have. Further more on their website I can also sell the hashlets at about 80% of the buy price so I could still pull out my btc after I make 20% of ROI without making a loss.

Hope I was right about it.