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Author Topic: buying or mining  (Read 1313 times)
sdminer
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May 25, 2013, 04:53:56 AM
 #1

that is the question....
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nor9866
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May 25, 2013, 04:56:06 AM
 #2

Buying and mining that is my answer.
animan
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May 25, 2013, 05:39:43 AM
 #3

Why not both?
Lycanthroat
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May 25, 2013, 05:47:45 AM
 #4

Less investment with buying. 
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May 25, 2013, 05:59:07 AM
 #5

Nothing wrong with mining on your own hardware for a bit... until you realize it's not going to get you much Smiley
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May 25, 2013, 06:01:00 AM
 #6

It's really too late to start mining, from what I read.  You can do the investment for the hardware, but really, the only thing that tells you that you will make your money back is butterfly's own calculator.
jimmijames73
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May 25, 2013, 10:35:03 AM
 #7

that is the question....

or ASICMINER shares?
Coldfats
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May 25, 2013, 10:43:09 AM
 #8

Try mining litecoins? Slightly more lucrative I think.
MorXpe
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May 25, 2013, 11:03:48 AM
 #9

Definitely buying.

When you wanna get into mining you need an ASIC hardware, which is expensive.
It is very unlikely that you will ever break even, because ordering it now (from Avalon, Butterfly labs) you have to wait for months. And the network Hash Rate is drastically increasing making your investment less and less profitable every month. ASICMiner is the only company that delivers ASICs quickly, but again, their hardware is for professionals and you'll need some skill to set it up.

In my opinion the best solution (if you really want to get into mining) is to buy ASICMiner shares. You're getting profits from everything friedcat (company owner) mines with his 22 TH/s machines and you get your cut from every penny he makes on ASIC hardware sales, so you're not all dependent on his mining network percentage. Profits are divided equally on every share (there are 400,000 total shares, ~230,000 still belong to friedcat).

Why shares, not hardware?:
1. You don't need any professional skills.
2. You don't have to spend your time taking care of it.
3. Your money is liquid, you can sell your shares with a single click (and you can't do this with hardware).

Even though buying shares is a risky business, I believe it is fairly safe compared to investing into mining hardware not knowing how to deal with it.

MINING @ https://cex.io/r/0/MorXpe/0/
DoctorCentauri
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May 25, 2013, 12:57:22 PM
 #10

And where you can buy shares?

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May 25, 2013, 01:38:25 PM
 #11

If you had to ask, you cant afford it.

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Gabi
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May 25, 2013, 01:57:45 PM
 #12

Easy: what is cheaper!
xmlHTTP
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May 25, 2013, 02:04:31 PM
 #13

Absolutely buying

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May 25, 2013, 02:07:09 PM
 #14

Buying
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May 25, 2013, 02:11:40 PM
 #15

both
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May 25, 2013, 02:14:38 PM
 #16

And where you can buy shares?
here (or here if you have a small budget).

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princesshannah
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May 25, 2013, 02:15:22 PM
 #17

I think buying some and mining the rest is best for you.

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hiddenoreo
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May 25, 2013, 02:15:31 PM
 #18

ITs easier and cheaper just to buy it -_-

princesshannah
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May 25, 2013, 02:23:28 PM
 #19

ITs easier and cheaper just to buy it -_-

But mining is more profitable sometimes....  Undecided

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May 25, 2013, 02:41:46 PM
 #20

Just choose what is moar profitable.
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