If i start mining ethereum by taking loan of 3000$ for 2 years , will it beneficial ?

[person1030]

If you take out a loan for 3k I'd say just buy bitcoin and a bunch of altcoins.

[CoinMin3r]

Its like gambling game.No one can tell if it gonna be profitable or not.Difficulty is rising day by day and also you have to pay for your electricity & net bill.

[Metroid]

This is the reason why the difficulty is sky-rocketing so much.

People with no experience, no money taking out loans on their credit cards and then paying 20% APR interest.

And that is the reason why eth is not going up, noobs are selling to pay loans, I remember this happened to btc and ltc in 2013. They sold btc for $30, look where btc is at now hehe

[Marvell1]

This is the reason why the difficulty is sky-rocketing so much.

People with no experience, no money taking out loans on their credit cards and then paying 20% APR interest.

And that is the reason why eth is not going up, noobs are selling to pay loans, I remember this happened to btc and ltc in 2013. They sold btc for $30, look where btc is at now hehe

lol everyone that paid so much for hardware is trying to ROI and pay back the money they borrowed lol

[valr]

If i want to start mining rig by taking loan. If i take loan of 3000 usd for 2 year will it help . I am worrying about network hash rate as it increasing day by day. Will this deal help?

I mine and invest heavily. Here is my 2c - Buy the coins directly rather than mining. You won't have the hassles of mining and you will see a better ROI. I haven't invested in mining in the past 3-4 months, just been investing. Good luck!

[BennyT]

I like mining, it's a lot of fun! I like supporting the network. My 2 cents --> Definitely DO NOT take a loan to get in on mining, it's financially irresponsible. Always pay off the debts and get yourself out of the red. Then with your profits decide what you're next move will be.