Quote from: 2PMintheAM on March 22, 2015, 04:52:51 AM

As you can infer by the title, I am a Bitcoin mining noob... but the concept interests me. I've watched many YouTube videos, and attempted to find beginner help, but I'm at a point where I feel like I need to ask specific questions to learn more! (: I'm very interested in learning more.

To keep this short.. I have $600 I can invest entirely to Bitcoin mining at this moment. I currently don't mine, this is the first day I've really taken a look into what mining even is.

So be honest with me, with $600, can I somehow invest in hardware, or a cloud service, or something else, to profit? Is $600 too low to start profiting, should I bank the $600 and build up to maybe.. $2000 before making my initial purchase in hardware?

If $600 will work, and be profitable for me, where do I go now that I have $600? Very new to all this, all I really know is mining with a GPU in my basic desktop PC will only lose me money, it's all about ASIC's (did I mix the letters up? You know what I mean d:).

So Basically:

If you had $600, and never mined before, what would you do? Buy specific hardware, maybe cloud services, or save it because $600 won't do anything.

Thanks!

If you have cheap power you might consider buying one Antminer S5 from Bitmain and mine at home. If not maybe put half into buying bitcoin and holding and half into contracts at Hashnest. The most profitable contract at Hashnest last week was UMISOO with ROI about 18 weeks.

xephyr

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