Buying coins better in case if you decide buy rig and start mining for long-term hodling
Point taken but what worries me is the expenses and maintenance of it. On an entry level rig that fits my budget it would take time before i even break even. Question is how long? I am trying to run the figures and analyze if its profitable. |
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Im thinking to put up an entry level minning rig with the budget around 4 to 5 thousand USD. But my question is, is it worth it? Should i proceed with it or save for a better rig? Given the idea that GPU’s are either expensive or out of stock plus the expenses to run and maintain the rig versus the profit you get and the competitors? Lots of questions in my head guys need help. Thank you in advance
If you are putting together a new rig that will be used for only mining, I would advise against it at this juncture. Earnings are in the gutter and I think it would be impossible to recoup your costs before the new Nvidia cards come out. You are probably better off waiting until those are released to do anything. Agreed, NVIDIA will launch it on april 12 but whats not clear is waether GTX 2070 or 2080, more so been trying to hunt for at least how much this would sell. |
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@Edwardcemg, didn’t quite understand but what i grasp is your talking about risk on trading right? If so, you have a good point. About trading and hodl we both know how the market goes.
It's not that.the point is mining have risky. I only explain when purchasing coin isn't a better way if compared with build rig for the first time let alone for now where the price of GPU increased sharply. Do you mind to share the risk that your referring to sir? Underatamd the price of the GPU’s but to purchase a coin is not better you lost me right there sir. |
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@Edwardcemg, didn’t quite understand but what i grasp is your talking about risk on trading right? If so, you have a good point. About trading and hodl we both know how the market goes.
@Eternu, i have to agree with you. All investment should have a prior knowledge of it. And thats why i open this topic. We all know that minning is the most safest when it comes to this business and that is why i opt to set this project.
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True! It would a game changer if we can mine different coins using ASIC. It is ideal when it comes to expenses and maintenance. I have heard the news about NVIDIA and also keeping an eye weather this new gpu is a better match for the for my project.
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i would advice not to buy gpu's in a very deep down trend. You´ll get almost no profit at all. Unless you want to mine for hold. In that case, it's better to buy directly the coins with the money of the rig. simple as that.
If you mine, is because you want to sell the coins for electricity. Other than that, is just nonsense.
Good point here. Which where i stand now. Ive seen a thread where poeple start to sell their rig. Which the post above answered the ROI takes time. |
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currently roi time is very long, because gpu prices still high...but everything can change within days/weeks...to be more or less profitable
crypto is always a little bit gamble, just play with money you can effort to loose 100%
on the other hand your question have been asked here 100000 times, just use search function
Agreed sir, forgive me for being such a noob. Investment is always a gamble in that matter. There are a lot of infos here and out, and it’s difficult filter. |
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Im thinking to put up an entry level minning rig with the budget around 4 to 5 thousand USD. But my question is, is it worth it? Should i proceed with it or save for a better rig? Given the idea that GPU’s are either expensive or out of stock plus the expenses to run and maintain the rig versus the profit you get and the competitors? Lots of questions in my head guys need help. Thank you in advance
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Magandang balita po ito. Hindi lang nito papataasin ang value nang crypto mas magiging educate pa ang lahat lalo na yung mga gustong magsimula palang sa ganitong investment. Sana lang walang manamantala and that they stick to the goal of educating the people. Malaki potentials nang mga filipino dito.
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Regulating bitcoin is still unclear base on the link provided. And applicants they said their reviewing is still considered under remittance. Habang parami nang parami ang tumatangkilin sa crypto dumadami din ang nagkakainteres iregulate ito. Mahabang proseso kung iisipin mo pro anu nga bang plano nang bangko central sa mabilis na pagbilusok at paglaki nang crypto sa pilipinas?
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There was a post i read by Molly Jane Zuckerman about this topic. Relatively i post it in another thread there it say that even google would ban any news regarding crypto. And i will say it again hanggang may naniniwala sa crypto impossible na mawala to. There are down side as such but you cannot abolished it. Normal lang na magpanic but lets see how iy goes bu the last quarter of the year.
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Sky News has reported today, March 18, that Twitter is considering implementing a ban on cryptocurrency-related advertising in two weeks according to an as-of-yet unconfirmed report.
Twitter had not responded to a request for confirmation of the alleged crypto ad ban by press time.
Twitter’s reported crypto ad ban would come in the wake of both Facebook ban of crypto advertising in January, and Google’s recent update to its Financial Services policy that will ban crypto ads starting in June 2018.
By: Molly Jane Zuckermam
So far any related word or keyword about crypto os still working on google. I understand how huge google is and the impact of it to the market. But as long as there are people who invest and believe in crypto currency I doubt it will die. Plus there are other search engines out there.
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Based on the past years chart ganyan din ang kalakaran. If your an daily trader masakit nga talaga but if your an investor wise padin mag invest kay BTC. I suggest na the gnan parin yung effect ni Bitcoin sa ibang coins pag cya bumaba sunod lahat pg umangat nmn sunod din lahat. Still tue alpha out there haha. But again like what i always say invest what you can afford to loose.
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Uber is a multi million dollar company. This initiative is Actually great. Sa daming nang coins ngayon i think this has a good potential knowing the background of the company. Kudos Uber!
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Hi Based on how volatile the market is and based on the previous years chart. Possible! John Mcafee even bet his manlyhood if BTC didn’t hit 1M by the end of this year.
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Anyone has an idea why i dont have ETH wallet in my Coins.Ph account?
Baka hindi updated yung app mo, try to update it first but eth wallet is just available for the meantime for android users. Pag naupdate mo na makikita mo na ang eth wallet pero need mo muna mag bayad ng 20php para maactivate ito. If you'll read more above you'll see some related posts regarding your concern. Updated po yung app sir. Anyways il back read some more. Il try to uninstall and re install. If not il try to contact them. Thank you sir |
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There are other services available for coins.ph. Aside from bitcoin you can use it for payment and loads.
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Anyone has an idea why i dont have ETH wallet in my Coins.Ph account?
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