Bitcoin Forum
July 04, 2024, 03:57:31 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Hello and a question regarding buying mining shares.  (Read 491 times)
kenshinuesugi (OP)
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
August 31, 2013, 08:07:11 PM
 #1

Hi All,

I am a new member joining because of interest in group buys here. I am looking at buying mining shares. There are so many offers here.

How do you guys decide who you trust? What information should I pay attention to for evaluating offers? Your sharing experiences will be greatly appreciated.

Thanks
favdesu
Legendary
*
Offline Offline

Activity: 1764
Merit: 1000



View Profile WWW
August 31, 2013, 08:16:16 PM
 #2

I don't invest in mining shares, to be honest. Way too risky in my opinion.

Birdy
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250



View Profile
August 31, 2013, 08:16:46 PM
 #3

You should pay attention to:
- the mining difficulty curve /network hashrate
- current market share and/or promised hashrate
- the credibility of the company (this one can be very tough)
- the reward halving in 2015/2016

The most trusted mining shares are from Asicminer, they have already paid out way more than they've collected on start of the shares (that doesn't mean they are sure to be profitable from now on however)

With the difficulty skyrocketing all mining shares are at least somewhat risky.
kenshinuesugi (OP)
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
September 01, 2013, 04:29:52 AM
 #4

Thank you!
b!z
Legendary
*
Offline Offline

Activity: 1582
Merit: 1010



View Profile
September 01, 2013, 06:30:44 AM
 #5

You can take a look at https://btct.co/security/LABCOIN many people think the price will go up because they will start mining in september
kenshinuesugi (OP)
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
September 01, 2013, 06:55:40 PM
 #6

Thank you!
paterbitcoin
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
September 01, 2013, 07:30:27 PM
 #7

Buying shares can be catchy, just like traditional stocks. Some time ago I wanted to buy ASICMINER shares because they looked like price pullback is over. It went from 3.1 to 4.5 and I way angry. But few day later it was 2.5. So watch out.
julian_datminer
Newbie
*
Offline Offline

Activity: 40
Merit: 0



View Profile WWW
September 01, 2013, 09:01:25 PM
 #8

in my opinion...
to risk 20$ is not a big deal...i have rent some shares here http://bit-miner.com/front/pricing.html?lang=en
ive ordered 3 shares (21$) of 400Ghps Jupiter, and each share is 0.1Mhps (100Mhps) for 1 year (= 300 Mhps my share)

with some calculations, i ill get back aprox. 90$ in 1 year.
if this is promising i will invest 50$ and keep 40$ in my wallet
after that i will keep the same routine, raising my investments, if the thing will be goin good

I live in greece, so is hard for me to get some Asic Miners, and is expensive to make a good mining rig....
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!