Bitcoin Forum

hi everyone?
first of all let me just say that I am a huge fan of this forum.

So where I am right now is that I have around 50 k to invest in crypto currencies.
My first thought was buying as many antminer l3+ as I could and then keep them in a hosting facility that I found.
then I thought that I should spil 50/50 between mining for litecoins and getting hardware to mine for ethereum.

I know that I am late to the game but I am still hoping that it is profitable.

I would just like to know what would you do ?

thanks for any tips!

thanks for your opinion!

What're your goals? This is the Bitcoin mining area, so if you want to talk about Altcoins, its the wrong place.

You should put the money into Bitcoin in my opinion. If all you have is $50k, its probably better to just buy coins

No doubts. Blindly go with bitcoin mining, trading or holding them for long term. Else if you are interested in mining then start mining, Zcash. monero, BCH apart from BTC
You can invest partially on altcoins as well. Give priority to bitcoin for quick profit

ethereum is still good to mine bro. This amount is enough to invest your money in buy the good specification contains mining rig. I would advice buy the multiple graphics cards more than 30 graphics cards and set the 6 miner rig to mine ethreum, monero or zcash. These coins fit for the GPU mining. Please do not go with the bitcoin mining you will be able to get the more money in altcoin mining dude.

You can decide to go mining, but wheter or not it's profitable really depends on how much you're paying for electricity. If you can get that cheap, it might for sure be profitable to go mining.

However, if you decide to go buy coins, I would strongly advice you to not buy all kind of shitcoins that people are gonna sugest. Just keep it to investing in bitcoin, which will be way more likely to be profitable in the long run. It might be more boring, but at least you won't buy a shitcoin where early investors dump it on you.

That's hard to say without knowing anything about your background and financial situation.

If you are young and still have a lot of time to work in case you lose money, I'd go all the way and just invest into crypto instead of mining.

Mining has very small profits, but one advantage: you can sell your hardware (if you go with GPU coins). Buying cryptos straight up doesn't have that safety net, but the profits are several times higher.

Since 50k isn't really that much money I would thus go with investing in coins in hopes of turning it into 500k to several millions by 2020~2025. With mining that will be impossible.

But an exact strategy depends on too many factors that nobody knows here (how much money are you willing to lose, what is the smallest amount of profit that you want to make by a given date in the future, etc).

P.S. Make up your own mind and don't believe anyone here. Almost everyone on the internet is either clueless or lying when it comes to money.

  If I have that kind of spare money, I would just actually do half invest and the other half go for mine. Like buy ASIC miner and mine your own coin so you'll get more coins and have fun with it but totally depends on you. Your lucky to have such money to invest in, unlike us we are just stuck in doing campaign signatures but hopefully soon we can also invest that much of money in bitcoin. You should just probably invest on BITCOIN & ETH then mine with BITCOIN. That's my opinion. Good luck :)

You can invest on BITCOIN & ETH then mine with BITCOIN. This is cheapest way to earn money . Good luck
 

I agree with your answer !! it's difficult to choose and there are a lot of dangerous shitcoins around. 

Mining Bitcoin is a terrible idea, since the profits are very small even with ASICs. And unlike GPUs you can't resell ASICs either.

Yes true and a good cluster of asics cost a lot !!!! and gpu are a lot slow than asics.

I also have this dilemma and I was about to start a topic like this one. the difference is that I only have 30k$, my electricity is 0.10$ and i have where to keep the miners. meanwhile, i invested those money in some alts (eth, dash, mtl, btx) hoping that i can double the amount but the mining idea is still haunting me...

If your electricity is $0.10 you're not competitive. The floating electricity rate is around 3 to 5 cents depending on the year. So you need to be very close to that to be able to compete in any meaningful way. And even then it's not worth it unless you have a lot of money that you wish to conserve in exchange for smaller profits.

u are right, i thought that way but I already got burnt with 2 D3s at 2000$(psu and import taxes included) each

If you have never mined..Put  40k of your money in coins. BTC LTC and some altcoins (golem, vtc, zen, ark)
 Use 10K to experiment with mining (GPU an ASICS). Mining takes technical hardware and software skills and babysitting.
Or buy 50K coins with masternodes (run with VPS) http://mnrank.com/

6 months ago I would have said "build yourself a GPU farm!"... But now it isn't worth it anymore. The time it'll take to get your money back is beyond reasonable... If it happens at all. Buy some selected coins that you believe in and go enjoy the rest of your money! :D

Id say spend half on a GPU farm.  At least if its self-sustaining, its a worthy investment.

spend the other half on BTC.  sit on it.  Wait for that multiplication.  Also save it to expand or support your business model for the first half.  you will be guaranteed sustainability if you are proactive.

Option 1)

Buy 50k worth of Bitcoin right now and hold it for 6 years+ and hope


Option 2)

Build as many 6x Gtx 1080Ti rigs as you can afford. Mine altcoins, hold/sell as you see fit.

Up to you... but its what id be thinking.

Long ROI?... what has ZenCash done in the last 2 weeks? People have turned huge money on that

Buy Bitcoin and go to bed..

Go to casino, put it on black. 

Alternatively, buy bitcoin, eth, or litecoin and forget about it for 6 months to a year.

Understanding the nuances of mining takes a bit to learn even if you are having them hosted.  Start with a small amount, get the hang of the echo system then decide if it's for you.  I wouldn't go in that deep without knowing..

I put 10 percent of my profits and holdings into mining for hobby reasons. I pay 15 cents for electricity so I can't expect much. 90 percent into buying coins. I'm glad I kept this ratio. Way further ahead financially

This is a good approach.

Another is to make sure if you are buying hardware;  to consider an exit strategy for selling the hardware; if it will even have a viable resell market.

50k$ means about 20 rigs, it isn't a trivial work to manage so many rigs.

or approx. 25 S9s

I'll tell you how I do it.  I started with a lot less than you are starting with now and all I do now is coin related.   I guess I did put a lot of time and effort into it though.  And I still work more than most people when I'm working.   If you want to make serious money you will have to be willing to risk some. 

But I completely disagree with the statement that you would lose money when selling your asics.   Do you see how much they are going for these days?   

Not sure I want to share all my secrets with the world but I would say diversification is the key.

Diversify, thats all you need to do.. do some research, see what coins you believe in and pick some up on the dip. Find a good entry point.
Buy a few asic miners or gpus and build a few rigs.. you dont necessarily need to do only one or the other, also you dont need to dump all your eggs into 1 basket. You have a nice budget there, so beautiful thing is you have options.
And as you start seeing gains in profits, rinse and repeat.
Goodluck.

way too late to do ETH.  long learning curve for that many systems and low roi

What has zcash done in the last two weeks?
What has lbry done in the last two weeks?
What has monero done in the last two weeks?

You can't just pick a coin and say you'd have made so much money.
Life doesn't work like that.

Go on trade exchange sites, like poloniex, bittrex, and then invest in some currencyes, like: bitcoin, ethereum, monero, digibyte, or anyother currency that you suspect it will grow some day, I recommend that you inform yourself about cryptocurrencyes you're investing in. it's a practice in trading, that when some currency that you own, increases very much, you trade for bitcoin about 10-35% of assets of that coin. So you accumulate bitcoin.

And if you are going to buy for that many bitcoin, I recommend you to wait for a price to be a little lower, you should wait for next bubble to pop and drop.

I think it depend also in your skill to buy and sell cryptos on the exchanges !!!
I mean to rise more money but it's always risky.

For the mining it depend on how much hashing power you can reach and the coins you are mining.

Good luck.

If you are going to invest for about 1 year, buy.
For more than 2 years, mine.

Can you explain your point of view ?

The ROI on mining is not so good, i would advise to directly buy coins, it won't be a pain to do all the configuration on mining coins.

40% on Bitcoin and lock away on a trezor for 2 years
30% on GPU farm - you can resell GPU's after 8 months and upgrade using funds and some coin you have mined
30% on various coins in top 10 coinmarketcap to trade

+1, best option. I myself adhere to this

Mining farm really not worth it with such a small investment.

I'd go 40-60 into Bitcoin-Altcoin instead. If Altcoin investments fail, the Bitcoin investment would still end up making a decent profit overall by 2019/2020. And if Altcoins go well, he could be very close to or beyond a million.