Still have not pulled the trigger yet on an SC single (I can't until the end of Oct anyways financially speaking). I find myself in constant battle with myself. All the while trying to take in as much information as I can about bitcoin. I am constantly asking myself, "Should I, or shouldnt I buy one? Will one even cut it?" But the fact remains even buying 10 would still need to pay themselves off. Ten isn't going to make that happen any quicker than 1. Your volume goes up, but so does the investment.
So far Ive come to this conclusion. I would be much more upset at myself if I didn't buy one, and they proved to have a semi decent return (even if it took 2 years to pay for itself). Rather than if bought one, and it was a total bust. A crappy investment I can deal with. Kicking myself on a daily basis screaming "Why didn't I get involved!" would be much worse to me.
Another way I justify it is looking at it like pre-paying some of my current monthly expenses. Whatever it returns I will just put towards regular monthly bills. I dont look at it as a way to go out and buy a Ferrari in 6 months, but Im sure a lot of uneducated newcomers think that way. I also believe profitable mining is something that should be worked up too, rather than getting involved because you want to make a quick buck. When I first found out about all this, I was eager to jump the gun. I was convinced I would be a rich man buying a Jalapeno hahaha. But of course, thats not the case.
In the past 3 weeks, I have lived and breathed bitcoin. Learning as much as I can, but also being very cafeful with all the information I interpret. Ive proven to myself what I believe to be the true, isn't always fact. An example being my misconception of the Jalapeno on day 1. Since then, I believe to have a pretty good grasp on the concept of bitcoin. I've gone over flow charts history, read about its ups and downs, learning some technical aspects, understand security, and much more. But I also feel I have barely grazed the surface. Sill much is needed to be learned, but I love doing so.
Currently all signs point to yes, for buying a SC Single (or some ASIC anyways). I'm want to be apart of this world more than anything, and mining seems like the part I want to be involved with the most. I love the exchange, and have played around with it a little. Mainly with Litecoin to Bitcoin - just back and forth. I've seen how the market is very very volatile. Currently I dont believe anyone truely knows what the market will bring with absolute certainty, but some sure think they do
. We can all follow trends, but that can be a crap shoot as well. Whatever the case my be, I love all of this. Im getting very close to pulling that SC trigger. To be honest, if I had the money this second I would buy one
. Sorta glad I don't though. It allows me to continue learning without making any drastic decisions. While I understand the people who are the first to get them will yield the highest returns, I've already missed that ship. Nothing I can do there. But ultimately to me its about growth, rather than quick returns. I'm in this for the long haul. I don't look at this as big fast money one bit. I believe the people that do will be in for a big surprise once they get started. As I stated above, mining is something that will grow with the individual over time. At least thats what I think anyways. But hell... WHAT DO I KNOW!!?
Anyways, I just wanted to share
Ill hopefully be joining you miners at some point. I suppose I already am mining, but its slllloooowwww.. 500 m/hash doesnt get you very far hahaha. One things for certain though.. It sure does heat up my apartment! May turn off my propane this winter, and just mine for heat hahahaha.
Thanks for reading
-Ryan
