pretty safe to say unless you plan on being a 'whale' on the mining side, (you need TH's worth of mining power) a positive return on investment in sha256 based crypto currencies is difficult to realize.
You can mine alternative sha256 coins, and trade them to the many exchanges, but this does require continuous work and monitoring of prices, trends etc.
You can buy 'auto-trading software' but it's not that cheap either.
alt coins may be the way to go, ltc being the silver to bitcoin gold.
I'd say the safest bet is to invest in bitcoin or select few alt coins and hold onto them.
On the other hand, coin mining is sort of fun, and challenging, personally, it has become a hobby for me now; as opposed to something I had a passing interest in (from a techie standpoint)
and my garage is heated quite nicely in this current -30 degree polar vortex here in the frozen north.
Hello fellow miners,
So the question is: Is it a wise investment to begin mining Bitcoin and other SHA-256 coins right now? What I mean is for a newbie to start mining today or in the near future, will they see any profit? If they do, what kind of equipment are we talking about? $100? $500 $1,000? $10,000? Or should a newbie invest in Bitcoin itself??
Thanks,
TheDiamondMiner
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