Post
Topic
Board Beginners & Help
Re: Should i start mining bitcoins?
by
Jybrael
on 19/11/2014, 09:57:36 UTC
Should i start mining bitcoins? Do you believe that they will go up to $1,000+ a coin? Or should i start mining litecoins? What would you recomend for the most profit?

Don't mine coins unless your electricity is dirt cheap ($0.06 per KWH or less).

Yes bitcoin will hit $1,000 again for sure.

Don't mine litecoins "for profit" --You'll get burnt fast.

Most profit is honestly buying some bitcoins now, keep the safe and wait.

I will agree with Lythos here, if you are going to go into mining bitcoin make sure that your electricity is cheap. Otherwise you might end up paying a lot and it might not be profitable for you at all.