Investing into Bitcoin Mining

[bene]

What do you guys think is the best way to profit from Bitcoin mining:

a) to order/pre-order ASIC hardware
b) to invest in mining stocks
c)


FYI, I'm considering to invest mid-5 figures! (USD)

[os2sam]

What's your goal?

Return on investment?

Support Bitcoin?

Or an equal combination?

[Boomsling]

I would like to think I would do the following

Spend it all on cocaine and hookers.  

Or waste it thus:

1) Hold 40% , wait for the Litecoin hardware arms race to start. Its inevitable and just hope your following the right company to get your order in fast enough for the 1st batch
2) Invest 30% into LTC and hoard in hope of increase when MTGox starts to trade them, if my head is in the right space with this then you could get to sell them @ 4 to 5 USD, I dont see it going much higher.
3) Invest 30% in mining shares
4) After turning your 40% around and hopefully making a profit I would re- invest it in whichever option 1 or 3 you know prefer or see making more money.

[wpgdeez]

I've sold all my mining gear and would rather just trade in the currency. The way the price goes up and down there are lots of chances to buy low and sell high

[mokahless]

That seems like a budget that will allow you some flexibility. Diversify and wait for the right opportunities. I recently took a small risk in KNCminer and earlier this year ordered some BFL. I've taken some of my funds and invested in AMC, to be honest though, I have no idea where they will go so it was minimal. I'm keeping an eye out for mining companies and investments coming up. I've gotten together with some partners and we will watch and see what makes sense.

So diversify your investments and don't be in a hurry to spend it all at once. Wait for investments that make sense and have a return to pop up. I hesitated with terrashash and so far, it seems like I missed a good opportunity with them but that is yet to be determined.

I look at it this way: If I believe the hardware I am buying will net me more bitcoin than spending the same amount on bitcoins then I will invest, if they are within my risk comfort zone. I personally don't like to look past 6 months because the further in time I look, the less accurate my results could be.

As for mining stocks, I avoid the so called "bonds" with a static hashrate because of the risk. I want my investment to be expanding their hardware and increasing my dividend and share price along with it. My single share with asicminer has become more valuable than any of my other investments but I don't see the return when I consider investing more in their shares.

These are just my opinions. There is a lot to consider. It's not just a matter of "hardware or stocks" unless you are an enthusiast in either (for example, my majority is in mining because I am an enthusiast in that area).

My final bit of advice is to not take advice from me or anyone else on this forum. Do a shit-ton of your own research.

[gooseta]

What do you guys think is the best way to profit from Bitcoin mining:

a) to order/pre-order ASIC hardware
b) to invest in mining stocks
c)


FYI, I'm considering to invest mid-5 figures! (USD)

Buy 50 7950s, mine altcoin. $25000
Buy mining stocks $5000
Buy crypto currency of choice $20000

[jgalt]

Don't forget mining contracts like cloudhashing - http://www.buybitcoinswiki.com/how-can-i-mine-bitcoin/

[wetjet43]

This is just my opinion, but...

I'd highly suggest you stay very far away from GPU mining with video cards. I bought 9 MSI 7950's for $330 a piece a few months ago. Those suckers heat up a room FAST, and eat lots of power. I'd get a few older, used computers with lots of pci slots, and throw a few 4 port PCI USB cards into them, then buy a bunch of USB Block Erupters. Put 10 port usb hubs in each of the usb ports on the computer, and fill those USB hubs up with the USB Block Erupters. I choose USB Block Erupters cause they're actually shipping, and I got mine fast. I'm replacing all of my video cards with USB Block Erupters, as people buy them from me off of craigs list. They're cheaper, produce less heat, and you'll get an ROI faster. 2 USB Block Erupters @ 1.05 BTC each (about $160) gives you nearly the same hashing power as a $320 7950 video card.

Hope that helps.

[polarhei]

I think, for better way, you should consider mining contract as the difficulities getting higher and higher, or buying asicminer stock to do

[Amph]

What do you guys think is the best way to profit from Bitcoin mining:

a) to order/pre-order ASIC hardware
b) to invest in mining stocks
c)


FYI, I'm considering to invest mid-5 figures! (USD)

Buy 50 7950s, mine altcoin. $25000
Buy mining stocks $5000
Buy crypto currency of choice $20000

lol just buy bitcoin directly, they are cheap now