Bitcoin Forum

I've posted in other areas for overall general suggestions but as one that wants to mine.....Have just a few machines now on ETH

I have the space, the power, more funds if needed, so the question:

Right now I have about 50-65k to put in what would you buy now ??

No need to sell for a year so can mine and HODL

suggestions?

Buy Antminer Z9 first batch (current batch), best bang for buck, fastest ROI. Or Innosilicon A9 which is even better, it's very power (and expensive) so it will take very less space.

You need to be specific to what your goal is and what your power rate is.

Honestly I would just take that $50K and deposit it into Bitfinex and just start collecting the funding rate for the year. Last year if you used the RPP rate you would of net 70% so if you compounded you would of doubled your money.

Right now the profitability is horrible for most coins that you are better off just buying the coins directly.

Nowadays bitfinex offer only ~.002%, so it closer to 10% per year.

Yes but there are times when the RFF rate is higher so the compounded rate at the end of the year is closer to 70-100%. Right now the market is balanced and there are plenty of BTC and USD to lend.

But during crazy bull and bear markets there is a shortage of margin so the rates are much much higher than today. Even on Bitmex its the same situation there.

With that budget I think I would get a Blackbox (16 FPGA system). https://blackbox.cat/collections/frontpage/products/blackbox-x16-bcu1525-fpga-system-with-16x-xilinx-bcu1525-fgpas-august-batch  --- It's probably the most "future proof" option for mining right now, provided that you have a higher then average technical aptitude (which I presume you do).

If I had 50k of extra capital right now, I wouldn't purchase additional mining hardware.  I would start trying to figure out where you think the bottom of btc is.  Learn to trade on some level.  No need to day trade.  Dollar cost average in what you want to hold for the next few years.  That's what I'm doing with my extra 15K.  I also wouldn't be hell bent on selling in one year.  Could be in for a disappointment, if this is loaned capital that you have to pay back in one year without interest.

I agree with this, now BTC my be in the bottum with trying to get bullish. It will make you get more profit and wait to buy the newer vesion of ASIC.

I don't have any ASIC's, but I wouldn't buy the S9.  If you're going to buy a btc miner from shitmain, wait for the first batch of the next gen btc asic.  Currently, they are just trying to offload a bunch of dog shit for as much as they can get for that dog shit.

I also don't believe that the 5800-6000 range was the bottom, so my 15K usd is in cash at the moment.  Still mining away at the shitcoins that haven't been taken over by asic's and holding/trading for btc.   

Those 50k you have can become 500k, just buy eth and forget, check next year or 2020, it might become 2 million usd.

LOL  ;D ;D ;D Sure, if they can continue to buy the SEC.  Swindling toilet.

dude... get in on ETC. atleast pick up a thousand bucks of it. anywhere btwn 190k sats to 230k sats is great entry. its going to be added to cb pro any day now to drive liquidity, with the coinbase app after.

From a miner....

Just buy BTC and some other big coins....

Just stay away from GPU rigs for now, anything that's "on-sale" will be a-thing-of-the-past in a few years.
I'll suggest you to pick ASICS (SHA256^2/Bitcoin) and start mining Bitcoins in a reputable mining pool.
Do not invest in something that was made for any asic-resistant coins and new suspicious coins.

Then expand your hodlings by using those BTC to buy different Altcoins (Make a 20-30 different coins Portfolio).
The tribal step here is to time the "sell" at the right time, some altcoins can get a pump in a matter of months then a sudden dump in just a day.

That's one reckless suggestion to someone who's willing to spend $50,000+ on mining rigs.

It always depends on your goal if you can hold while you are mining then you can hold it for a long time and wait for the price to hit your goal.

Your budget is too big for newcomers to invest it all directly in mining hardware to mine coins.

I suggest you start to buy ASIC miner because it's really cheap these days and build some mining rigs for mining altcoin and hold them for a long time if you have both of them you can mine bitcoin and altcoin that can give you chance to make profit when the price of altcoin increases or bitcoin price increase so both of them can give you profit. 

Thanks for all the suggestions! My leanings are toward taking multiple positions and dollar cost averaging to what I have now. I can wait till the right time to sell but I tend to HODL.

Staying in cash for a bit but I do think a long term bull market is building up steam. Bitcoin is going to have a lot of wall street activity and positions will need to be long in order for them to play. The 21 mil ceiling makes it the the most explosive for me. I like about 10 coins enough to take positions.

The problems are Bitman and the competition, what's coming next? when, any good predictor time tables/web sites?

May be best to deposit cash in USD, slow dollar cost average into may favs, then wait for the next ASIC, order on 1st sec available.

I'm not the tech guy but I have them to assist when needed. There is not enough info out there to make an informed decision on  FPGA (any other links would be great to help) If it panned out I could get one but that's betting the farm ( pun intended :) ) on 1 machine. Definitely on my high watch list, just more info needed.

Would prefer to have a US based solution, found some good possibilities out of Canada but the tax to buy at 15% makes it almost undoable. The machines are in my business so I write off the purchase so a 1 year ROI is great, 2 years ok.

Thanks!

https://i.imgur.com/xGBaWkH.jpg

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if I'm still going to buy a GPUs because I have a cheap electricity cost and I don't care how long the ROI. the most important thing is to have another income than from the main job

if i were you, i would put that in 50:50.
half buy direct coin, with target 6m to 18m for about 3x time return, be diverse in maybe top 10 coinmarketcap.
half diverse in mining, buy asic and some gpu mining. ;)

edit since innosilicon ethash asic rumour, u might get it as well rather than gpu

If I were you i'd give me half, I'll kick you in the nuts and we will call it even.

yes, I think it is more risky to buy ASIC than buy btc directly, you need to consider management fees etc