Bitcoin Forum

Hi guys,

Let's say you have 100 000$ CAD to invest in cryptocurrency, would you invest in mining operations or buying coins?

This would totally depend on your approach to your investments.

with that amount of money, you can easily make a high risk/high reward move during the next bull run to make insane profits.
If you put all of that in a high profile, high hype ico during the middle of huge market surge, you can easily turn that 100,000 into 300,000 in a couple months.
Of course, that is the risky method.

If you plan on a more long term approach, then I recommend Mining.
but it isn't as simple as that.
I'm assuming you are from canada?
I have no idea what the cost of utilities are where you live, but there are many in the western developed parts of the world that are starting to see the cost of running a mining rig doesn't really pay off.
If you have the know how and connections, you could consider investing in a mining farm.

You can also consider finding a coin that utilizes masternodes, I hear a lot of good returns from masternode operators.

Mining is not easy as you said, In fact, you need to build at least big mining rig and be able to compete with another miner. Mining is about the batter of hashpower right now. Remember it's providing regular profit with long-term condition. This time it's too late to join in the mining competition.

I have heard that mining coins is the best and sure way of getting money. The only problem that I saw with it is the amount you put on investing with the equipments or devices to use. And it also uses too much power or electricity consumption. Better ask the miners for this. On the other hand buying coins are risky as well. You could lose your money even during a failure of transferring the coins. I know somebody who lost around 10000 dollar for a failed trading. Looking at the brighter side, I think I would participate in mining because it really is a sure money as long as you got the equipment up and running without problem.

I have the knowledge to build mining rigs,

I currently have one 12 x GPUs miner and one 8 x GPUs miner.

I also have an Hybrid (watercooled/air cooled) miner which is used as my main computer for gaming and mining.

I have the knowledge to configure everything so it can be 100% efficient with the highest hash rate.

But I want to go bigger.

By the way electricity here is 0.07c per kw/h so relatively cheap

Main rig
https://ibb.co/iG7V1x
https://ibb.co/eRgXgx
https://ibb.co/fHOOoc
https://ibb.co/jiU7EH


The 12 x GPUs miner (mix of AMD and Nvidia) for equihash and Ethash)

https://ibb.co/c0QuTc

I have the opportunity to have an investors so we can build up rigs for mining, probably under 200 000$. I don't have the amount of cash, just the knowledge for eveything.

Cryptocurrency is my passion since 4 months and always like PC building since 1996 when I was 12.

I mine with my 13 000$ rigs and invested around 5000$ in coins such as BTC (only 0.2) Siacoin, ETH.

But my real question is what should we do with this money since it's not mine.

Mining or investments are also good.
Both need time to recover your money

But I love mining somehow

In last summer and spring mining was extra profitable but also mining machines were expensive. Now the situation changed and mining get you less profit, and it cost cheap also now.
But no matter how much mining costs, I prefer to buy coins with a good project in the beginning of their path. You can sell coins immediately, but with rigs - it will be difficult(or very cheap) to sell them fast.
So diversify your portfolio and buy some coins for at least 1 year of holding

opinion from me, if available 100k $ is it used for minning or coin sale? all depends on what coins should be in minning? what's the developer team? expensive, difficult not to be a reason, when a team of professionals and you know and deepen the knowledge of minning in the world of crypto. while if you buy a coin orientation aimed at the business, of course with the target of a predetermined period of time, passion and success

I will be a long time holder, don't even know yet how to sell on exchange.

Right now I'm mining ETH, Monero, RavenCoin and ZClassic. And I still plan to mine Equihash, Ethash and Cryptonight V7, X16R too if possible but I prefer mining ETH and Monero if I build more rigs.

Right mining is better option if your living in region that has lower electricity rate,because if not you will only break even,and may lose in investing.

I guess its better to invest in top coins since you have big amount of capital,this c be double if your lucky in just a year

with that amount of capital . it would Be Better if you Build a strong portfolio of coins rather than mining rig.
pros:
-you won't have to worry about monthly electricity Bills
-you won't have to worry about any sort of malfunction with the cards or its noise
-Huge potential if you choose solid projects can go Between 2-10x

cons:
-it's a Bit risky if market crashes like what happened last couple of months and you'll have to wait until market recovery to gain profits

so you choose what's more convenient to you.

Electricity here is like 0.055$ USD (0.07 $ CAD)

Should that be a good opetion to mine?

With this amount of money you can do both if better to do both to be on the safe side and play risk free because trading can give loss sometimes so its better to invest some part of your investment in mining also so you get something which pays you passively.

Canada is a nice place and has a cold weather. Calculate your consumption, https://www.rapidtables.com/calc/electric/electricity-calculator.html

If the bill there isn't so expensive then $100,000 CAD is a good amount to invest in mining altcoins.

Calculate your potential profit and investment, https://whattomine.com/

Another spam topic question eh.. I'll bite.

Too late to buy any new mining rigs and get into mining now. The only way you would truly profit from mining is if the value of the coins increases in value. If that's the case then you would be better off actually buying the coin and waiting for it to increase.

That's a really big money to invest.
If you have the knowledge and knack for investing in cryptos then you should go for it, do trading instead for long term hodl. Many individuals such as me doesn't really have much so we cannot go into trading, and so we only participate in bounty campaigns. News has it that trading can give a lot of profits.

Or you can combine long term hodling and trading. This also works great for some people I know.

On the other hand, mining could be a great alternative. However, it is no simple task but you can always pull together capable hands.
And you can also consider investing in mining farms.

Its never to late to join a mining competition mate, you just need to chose the right coin to mine. And even if you chose mainstream coin like bitcoin and ethereum as long you getting profit from it, where you live is also one thing to consider to build your own mining rig, some state have cheaper electicity bill and cooler weather.

Probably I would invest 50% of that money in the current market and I would keep the remaining 50% to buy the dips.

It's investment.
You invest for their project by buying their tokens and the value of tokens would be proportional to profit of the project.
Most of the ICO's are profitable as their price would increase on reaching the market.
But some of them are total scams which would lead your investment to nothing.
So, study about the project before investing.

Every person's desire is different, moreover if you talk about money.

Investment and mining is the place to get bitcoin. Both ways you can do if you are familiar with bitcoin. You can search for information in advance to use the money you have. Personally, I am more interested in choosing an investment. The first reason for investing in bitcoin is very easy, make a wallet on local exchange and buy some bitcoin, save a few years and I will feel the result.

As for mining I have to look for some tools to support bitcoin mining, and now in my country looking for tools that support for bitcoin mining is very difficult. And I think mining bitcoin will be there eventually, now bitcoin is already in the mining of almost 17 milionth which means only about 4 milionth is left. You are free to choose it, most importantly you have a good reason for being chosen. I know your country is perfect for bitcoin mining, and you need to consider it.

I would prefer to invest and buy some coin, I would buy a coin that has a good reputation like Etherum. Because I do not want to buy shitcoin that has a bad reputation and also not convincing. This is indeed an option and I think that I want to do my best to make the investment I want.

It's a small amount to be profitable in mining, if I have that kind of amount, I will just buy bitcoin and altcoins then hold it
for long term. The market is getting bigger and I believe you can easily increase that amount in 10 years.

I agree with you, have $ 10,000 I think I will use it for investment, because it is easier, you do not need tools to mine, you just need data, observation, analysis and confidence.

ooh, dont play with 100,000$ with shitcoins :P but of course investment is the best thing that u can do but i advice you to buy btc and keep it for long term there are no safest coin then btc, im talking about long term of 1 years - 3 years but not short term as everyone triying to make x50 in 24 houres  ::)
good luck

its big amount and decision depended by your only because its big amount so have big risk and bit profits also, invest and mining both are good but which one you have good knowledge better to invest on that. before invest carefully cross check on investment 

I would buy nothing but Bitcoin and Ethereum for 100k USD. I don't trust any other coin for that kind of money.
If you make a portfolio don't put more than %30 to other altcoins. Stick to Bitcoin and Ethereum mostly.

If it is me, I will use this money to buy coins instead of investing in the mining industry.
After all, because the market for cryptocurrencies has fluctuate too much, it is difficult for miners to sell them once the market is not good, but coins can be sold at any time.

I think the best option is to split the investment between btc, eth and neo.  (30% / 50% 20%) I think this is the safest option.

I think altcoin mining equipments would be a good investment. Like almost 50 gpus.

Investing in mining is the safest option.  But I would have divided the investment between mining and buying coins.

It depends on the price of electricity. If he is very, very low, then into mining. If you do not get cheap electricity, then buying coins is always better.
That's what my friends say and they've been in the bitcoin world longer than me.

Hard to say but btc is first.

Medium-scale mining is some-what profitable now with currencies such as Bitcoin and Bitcoin Cash. But at the same time, you need to keep some of the important things in mind. The next block reward halving is supposed to occur in less than two years. If the exchange rates remain the same, then the profits may decline.

a lot of your mining machine, now surely you have a lot of money from mining. my advice, use the capital you have for the trade to make more profit. my observations in mine when prices fall, the results are few. because in use to pay for mine machine electricity.

Mining is no longer relevant, soon there will be no POW algorithm at all, all projects will switch to POS. It is better to invest this money in different ICO or to buy coins from the top-20.

100k$ if huge amount, if I had that I would invest it in mining operation, because after a year your investment in a mining equipment may returned and the rest will be your profit for a long run, as long as you have that mining equipment, you can earn a passive income per month, unlike of buying an altcoins that has no guarantee to raise with in a couple of year. the risk is, if you choose a wrong coin, how will you bring back your initial investment if your coins are in deeply drop?

Buy mining supplies and invest in eth, and btc, as im seeing a big pump here soon on both cryptos!!!!

$100.000 if i have that kind of money i will invest in bitcoin buddy, bitcoin price is going up and until the end of the year bitcoin will get to moon and will get big profit

If I had that much to invest I would put it on Faceter!! Facial recognition video survallence on the blockchain. Faceter is already working with businesses and will be used with Apple TV from the end of the year. Please have a look at the white paper: https://tokensale.faceter.io/en/

Its lot of money and investing into the mining operation is really thoughtful according to me. However to minimise the risk of getting lost you must divide the money into mining operation as well as portfolio creation. That would be ideal investment.

You can set up optimum level mining hardwares with that and gain most of the profits with your good amount of hash rate.

Now when it comes to putting another half investment into coins, then you should really try out ETH, BTC. They will optimise your investment further!  :P

You can get a very cool mining farm and start mining. The rest of the money can be invested in the most promising coins. I am not talking about Bitcoin only. Pay attention to Stellar, OmiseGO, NEO, IOTA.

If i had that much amount i would have purchased top 5 or 10 with 50% of fund, new quality coins with high potential with 25% of the funds and invest the remaining in quality icos, i think this is the best strategy to profit from crypto market.

In last summer and spring mining was extra profitable but also mining machines were expensive. Now the situation changed and mining get you less profit, and it cost cheap also now.
But no matter how much mining costs, I prefer to buy coins with a good project in the beginning of their path!!  :) :)

Wow I would have such a bag I would have invested 90 thousand dollars in bitcoin and ether, and on the rest of the bag I would have searched and embed myself in ICO!

I will invest in tokens because the returns on investment are higher.
However, digging mines takes longer to wait, so the return on investment in this period is even higher.