digger888 (OP)
Newbie
 Offline
Activity: 47
Merit: 0
|
 |
October 26, 2017, 05:19:30 AM |
|
Say I have one bitcoin today. What should I do with it? Should I get four S9 antminers or three L3+ antminers or combination of them.
Are are some smart options to grow this one bitcoin?
- buy equipment & mine (i have cheap electricity)
- buy equipment and have Hashnet host them
- hodl
- invest in LTC instead of BTC
What would you do?
|
|
|
|
|
|
Scrappy Do
|
|
October 26, 2017, 08:26:01 AM |
|
Say I have one bitcoin today. What should I do with it? Should I get four S9 antminers or three L3+ antminers or combination of them.
Are are some smart options to grow this one bitcoin?
- buy equipment & mine (i have cheap electricity)
- buy equipment and have Hashnet host them
- hodl
- invest in LTC instead of BTC
What would you do?
If I were single right now. 1. Go out and get some high dollar weed. 2. Find some high maintenance chics and ask if they wanna go to Vegas. 3. Take said chics to Vegas and live like a big baller, drinks, smoke, play, fornicate. 4. Get memorys of your single life (PICs too!) and enjoy! But in Reality...  1. If elec is low, buy machines, mine and enjoy. 2. If elec is high, LTC is not bad. Or just Bear up on BTC. Scrap' |
|
|
|
|
harizen
Legendary
Offline
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
|
|
October 26, 2017, 08:31:38 AM |
|
Say I have one bitcoin today. What should I do with it? Should I get four S9 antminers or three L3+ antminers or combination of them.
Are are some smart options to grow this one bitcoin?
- buy equipment & mine (i have cheap electricity)
- buy equipment and have Hashnet host them
- hodl
- invest in LTC instead of BTC
What would you do?
Forget mining with only that amount even you have cheap electricity there. My recommendations will be: -Buy a good personal computer or laptop -Learn how to work on crypto related activities. It's worth it! -Maximized your knowledge by studying profitable ways to give you decent earning in the long run -circulate that 1 bitcoin on reputable trading platform -diversify 1 bitcoin in some of the alts (choosing will be based based on your analyzation) Work for bitcoin and not just rely on mining if the capital is not that much. Mining is a not joke and it needs more dedication on what you currently have right now. Patience and effort will be paid off soon. Just be serious. Goodluck. |
|
|
|
|
Scrappy Do
|
|
October 26, 2017, 08:35:05 AM |
|
Say I have one bitcoin today. What should I do with it? Should I get four S9 antminers or three L3+ antminers or combination of them.
Are are some smart options to grow this one bitcoin?
- buy equipment & mine (i have cheap electricity)
- buy equipment and have Hashnet host them
- hodl
- invest in LTC instead of BTC
What would you do?
Forget mining with only that amount even you have cheap electricity there. My recommendations will be: -Buy a good personal computer or laptop -Learn how to work on crypto related activities. It's worth it! -Maximized your knowledge by studying profitable ways to give you decent earning in the long run -circulate that 1 bitcoin on reputable trading platform -diversify 1 bitcoin in some of the alts (choosing will be based based on your analyzation) Work for bitcoin and not just rely on mining if the capital is not that much. Mining is a not joke and it needs more dedication on what you currently have right now. Patience and effort will be paid off soon. Just be serious. Goodluck. This I fully agree with. Don't mind my last post...... unless your single. Scrap' |
|
|
|
|
leowonderful
Legendary
Offline
Activity: 1624
Merit: 1130
Bitcoin FTW!
|
|
October 26, 2017, 10:07:54 AM |
|
I'd move this to mining speculation instead of hardware where it is now personally, has not much to do with hardware discussion.
What are your electrical costs and are you okay with having vacuum cleaners running 24/7 in your house? Do you plan on getting hosting? If the first two things I just said are not applicable to you, don't mine. Crypto is profitable in other areas too, like trading or straight up HODLing. Home setups are noisy and trust me, any decent setup with no soundproofing will make your house sound like a data farm. Hosting is possible, but you don't have as much control over your miners. Cloud mining is oftentimes a scamand I only trust Hashnest because of that. Finally, don't put all your eggs in one basket. Diversify where you put your coins, even if you do choose to mine.
|
|
|
|
|
|
Scrappy Do
|
|
October 26, 2017, 10:23:36 AM |
|
I'd move this to mining speculation instead of hardware where it is now personally, has not much to do with hardware discussion.
What are your electrical costs and are you okay with having vacuum cleaners running 24/7 in your house? Do you plan on getting hosting? If the first two things I just said are not applicable to you, don't mine. Crypto is profitable in other areas too, like trading or straight up HODLing. Home setups are noisy and trust me, any decent setup with no soundproofing will make your house sound like a data farm. Hosting is possible, but you don't have as much control over your miners. Cloud mining is oftentimes a scamand I only trust Hashnest because of that. Finally, don't put all your eggs in one basket. Diversify where you put your coins, even if you do choose to mine.
Frigging well said. Many friends come over to see me and their like how do you deal with this noise?!?!?!? I simply step out and visit and say "you know why" If you've never been in a 20x20 with 30 ants running and fans to move the air, you won't get it. Scrap' |
|
|
|
|
|
BTCMILLIONAIRE
|
|
October 26, 2017, 10:30:09 AM |
|
Say I have one bitcoin today. What should I do with it? Should I get four S9 antminers or three L3+ antminers or combination of them.
Are are some smart options to grow this one bitcoin?
- buy equipment & mine (i have cheap electricity)
- buy equipment and have Hashnet host them
- hodl
- invest in LTC instead of BTC
What would you do?
Based on the options that you provide, I would just hodl. Maybe put 30-50% into LTC. But its gains shouldn't be much different from Bitcoin anyways. If other options are a thing though, I would go with altcoins that have real world applications. A single Bitcoin isn't worth much after all, and even if it moons it won't make you rich. Meanwhile, careful investmenting of one Bitcoin could very well help you retire very early. But that aside, don't trust anyone on this forum and learn to read between the lines. Lots of "fake news" on here. |
|
|
|
|
helen_davis87
Newbie
Offline
Activity: 28
Merit: 0
|
|
October 27, 2017, 01:11:33 PM |
|
Say I have one bitcoin today. What should I do with it? Should I get four S9 antminers or three L3+ antminers or combination of them.
Are are some smart options to grow this one bitcoin?
- buy equipment & mine (i have cheap electricity)
- buy equipment and have Hashnet host them
- hodl
- invest in LTC instead of BTC
What would you do?
You are kidding, right. Have you seen the BTC rate? Spend it on yourselve! Don't bother anymore. But seriously I would say buy equipment (on some percentage of 1 Btc) & mine. And keep some for yourselve, spend it on something nice - like shoes |
|
|
|
|
pomanio
Newbie
Offline
Activity: 2
Merit: 0
|
|
October 28, 2017, 02:49:09 AM |
|
Say I have one bitcoin today. What should I do with it? Should I get four S9 antminers or three L3+ antminers or combination of them.
Are are some smart options to grow this one bitcoin?
- buy equipment & mine (i have cheap electricity)
- buy equipment and have Hashnet host them
- hodl
- invest in LTC instead of BTC
What would you do?
IMHO I`m think invest GPU mining is more reasonable than asic miner, when you need to upgrade you can still sell your old graphic card with the good price |
|
|
|
|
cpfreeplz
Legendary
Offline
Activity: 966
Merit: 1042
|
|
October 28, 2017, 02:55:46 AM |
|
Buy a used car. Nothing fancy, just like a 2012 Honda civic or something reliable.
Go get it wrapped with something to advertise for. The more they pay the better.
Drive around town and collect the cash every time you do.
There you go, you are making an income and you have a car from it. Not even bad.
|
|
|
|
|
|
BTCMILLIONAIRE
|
|
October 28, 2017, 12:48:45 PM |
|
Buy a used car. Nothing fancy, just like a 2012 Honda civic or something reliable.
Go get it wrapped with something to advertise for. The more they pay the better.
Drive around town and collect the cash every time you do.
There you go, you are making an income and you have a car from it. Not even bad.
Better off keeping the Bitcoin and staying at home. |
|
|
|
|
Aljohn08
Member
Offline
Activity: 84
Merit: 10
|
|
October 28, 2017, 12:50:32 PM |
|
Buy antminer s9 8 pieces then mine it.. For sure btc will never stop to rise
|
|
|
|
|
|
BTCMILLIONAIRE
|
|
October 28, 2017, 12:51:52 PM |
|
Buy antminer s9 8 pieces then mine it.. For sure btc will never stop to rise
Waste of money, especially if his electricity is expensive. Better off keeping the coin. |
|
|
|
|
digger888 (OP)
Newbie
Offline
Activity: 47
Merit: 0
|
|
October 29, 2017, 06:42:53 AM |
|
Forget mining with only that amount even you have cheap electricity there.
My recommendations will be:
-Buy a good personal computer or laptop
-Learn how to work on crypto related activities. It's worth it!
-Maximized your knowledge by studying profitable ways to give you decent earning in the long run
-circulate that 1 bitcoin on reputable trading platform
-diversify 1 bitcoin in some of the alts (choosing will be based based on your analyzation)
Work for bitcoin and not just rely on mining if the capital is not that much. Mining is a not joke and it needs more dedication on what you currently have right now. Patience and effort will be paid off soon. Just be serious. Goodluck.
Thanks for your input. BTW, if I had 10 bitcoins would you recommend mining then? |
|
|
|
|
deimilas
Newbie
Offline
Activity: 1
Merit: 0
|
|
October 29, 2017, 07:47:14 AM |
|
dont invest in miners, difficulty increase and ur out of profit, just invest in btc 3x increase in 3-4 months
|
|
|
|
|
|
BTCMILLIONAIRE
|
|
October 29, 2017, 03:48:04 PM |
|
Forget mining with only that amount even you have cheap electricity there.
My recommendations will be:
-Buy a good personal computer or laptop
-Learn how to work on crypto related activities. It's worth it!
-Maximized your knowledge by studying profitable ways to give you decent earning in the long run
-circulate that 1 bitcoin on reputable trading platform
-diversify 1 bitcoin in some of the alts (choosing will be based based on your analyzation)
Work for bitcoin and not just rely on mining if the capital is not that much. Mining is a not joke and it needs more dedication on what you currently have right now. Patience and effort will be paid off soon. Just be serious. Goodluck.
Thanks for your input. BTW, if I had 10 bitcoins would you recommend mining then? No. If you had 10 Bitcoins I would recommend keeping some (depending on how much money you want to have at least by 2020) and investing the rest in ~5 strong altcoins. Now, if you had 100 Bitcoins you could start thinking about mining. |
|
|
|
|
monkeydominicorobin
Full Member
Offline
Activity: 294
Merit: 104
✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪
|
|
October 29, 2017, 05:25:03 PM |
|
Say I have one bitcoin today. What should I do with it? Should I get four S9 antminers or three L3+ antminers or combination of them.
Are are some smart options to grow this one bitcoin?
- buy equipment & mine (i have cheap electricity)
- buy equipment and have Hashnet host them
- hodl
- invest in LTC instead of BTC
What would you do?
Holding it is the best option. |
|
|
|
|
arseaboy
|
|
October 29, 2017, 05:35:06 PM |
|
Buy antminer s9 8 pieces then mine it.. For sure btc will never stop to rise
Waste of money, especially if his electricity is expensive. Better off keeping the coin. that's a question and maybe splitting between mining and trading would be also quite good, we knew that mining an be profitable in the long run while trading can be both short and long term investment, just needed to consider things that can give us much better profits and never stop looking for much way to grow your bitcoin. |
|
|
|
|
BTCMILLIONAIRE
|
|
October 29, 2017, 05:38:13 PM |
|
Buy antminer s9 8 pieces then mine it.. For sure btc will never stop to rise
Waste of money, especially if his electricity is expensive. Better off keeping the coin. that's a question and maybe splitting between mining and trading would be also quite good, we knew that mining an be profitable in the long run while trading can be both short and long term investment, just needed to consider things that can give us much better profits and never stop looking for much way to grow your bitcoin. Mining will always underperform investing and trading though, because it's way too big a market for a tiny fish to be able to compete. That's why there's no point in mining unless you have hundreds of thousands of extra money that you want to preserve. If you want to do it for the experience, that's fine, but from a financial point of view it's a bad move right now. |
|
|
|
|
digger888 (OP)
Newbie
Offline
Activity: 47
Merit: 0
|
|
October 30, 2017, 04:55:00 AM |
|
No. If you had 10 Bitcoins I would recommend keeping some (depending on how much money you want to have at least by 2020) and investing the rest in ~5 strong altcoins.
Now, if you had 100 Bitcoins you could start thinking about mining.
BTCMILLIONAIRE, Regarding 100 Bitcoins, are you talking about economy of scale i.e I can get better pricing on equipment and bigger facility? Here is what I don't understand. According to this website, I can get a S9 Antminer with payback period of 137days - https://www.cryptocompare.com/mining/bitmain/antminer-s9-miner/. Let's assume the worse case and that the difficulty goes up 2X; hence, I will get my money back in 274 days. After one year, I should have a bit more bitcoin than when I started out assuming no equipment break down, cheap electricity, and etc. In the second year, I should have more bitcoin plus free equipment working for me. Am i missing something? If, I hold bitcoin, I would have the same number of bitcoin regardless of time. |
|
|
|
|
|
