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Author Topic: New to Bitcoin. Should I mine or buy coin with my $6000  (Read 767 times)
Yusuf_Jay
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August 03, 2018, 06:09:27 PM
 #181

I think it's more profitable to buy coins and become a trader than to spend your funds to mine.
According to several sources, mining difficulties have increased due to the increasing number of miners.
so I thought, buying coins and trading them would be easier to make a profit.
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cryptoJJJ
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August 04, 2018, 12:12:23 AM
 #182

Mining sounds really complicated to do, and the mining hardware  keeps getting better, and what  you as a private person can buy, might not be the same quality that the big mining rigs can buy. Big spenders always gets the best first.
I would just buy a Bitcoin for that money and see where it can take me.
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August 04, 2018, 01:50:00 AM
 #183

Start mining crypto with $6000 is not a smart idea. I think you should buy Bitcoin at low price now, with $6000 you can buy up to 0.9BTC and hold it in months. I'm sure it will give you big earns.

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August 04, 2018, 03:31:58 AM
 #184

With your $ 6000 I recommend you buy bitcoin. You should not invest in a platform to exploit bitcoin. If you buy bitcoin and long term investment I think it will definitely bring more profit than tapping
Rosaleen18
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August 04, 2018, 04:08:09 AM
 #185

Hi Everyone,

I'm new to cryptocurrencies and would like to know your opinion on what best to do with my $6000.

I was initially planning on purchasing a GPU mining rig with gtx 1070s but then upon further research found that 1070s can only do 600-700 sol/s

Then I found the asicminer equihash which can do 40,000 sol/s and costs $14,800 which will be released on July along with new nvidia generation cards.

I know its a bit late now to start but I am really thinking hard on this but I need opinions from veteran guys.

tl:dr;

1. Should I buy bitcoin with my $6000 or
2. Use it to buy a 1070 GPU mining rig or
3. Wait until July for new nvidia graphics card to come out (or the asicminer equihash).

Thanks so much for all your feedback.

*Edit: Would like to inform everyone that electricity costs would not be a problem as I have a way to manage it. Considering that electricity cost is not an issue, is mining going to be profitable for me right away?
For me its good to invest rather than mining, you can buy BTC and hold it in a months. Buying coins is one way and easier to make a profit.
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August 04, 2018, 05:03:08 AM
 #186

I think you can use your $6000 to buy and hold or trading btc it's a better way and have a higher chain than mining it.
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August 06, 2018, 04:04:48 AM
 #187

If i had $6000 i would wait until the market goes down and then just buy BTC.

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Lucasmcdonnell87
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August 06, 2018, 06:18:53 AM
 #188

I think buying a rig is a way safer buying bitcoin directly, mining bitcoin is not profitable now. It takes a lot of time. Perhaps you might want to consider mining alts, it more profitable.
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August 06, 2018, 06:55:30 AM
 #189

I think people need to stop answering the question because he was asking this 2 month ago and i think he got the answer already. Undecided
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August 06, 2018, 09:45:46 AM
 #190

I recomend that you  buy bitcoin  at this low price, cause mining is not profitable  and by just hodling you btc and when the bull run starts then you get higher profit .

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acsaocham22
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August 06, 2018, 10:35:43 AM
 #191

Buy Bitcoin for $ 6200
When Bitcoin reaches $ 7100, sell it
fnamcma879
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August 06, 2018, 11:16:00 AM
 #192

I think you should use it to buy a 1070 GPU rigs. But now there are so many miners, so digging bitcoins is very difficult.
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August 06, 2018, 11:26:42 AM
 #193

When mining you need to take care about other different aspects such as proper room, electricity cost. I'd buy the bitcoin in the first place.
liemfrans
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August 06, 2018, 11:43:59 AM
 #194

Two of them are good choice,
but maybe i can suggest you to buy bitcoin and trade it. because it more simple and fast to get the profit than mining because it will cost you time to learn mining. besides mining difficulties have increased due to the increasing number of miners.


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hodlerforlife
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August 07, 2018, 09:38:38 PM
 #195

If you are buying dont forget to read AML BitCoins white paper https://amltoken.com/ AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC compliance and identifies criminals associated with illicit transactions, while maintaining and sthrengthening the privacy protections for legitimate users.
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August 07, 2018, 10:36:11 PM
 #196



1. Should I buy bitcoin with my $6000 or
2. Use it to buy a 1070 GPU mining rig or
3. Wait until July for new nvidia graphics card to come out (or the asicminer equihash).

Option 1 guarantee it will work best for you.
Least effort, least things that can go wrong. Only reasonable behaviour for you.

Cryptopher
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Keep it dense, yeah?


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August 07, 2018, 11:09:14 PM
 #197

Mining vs buying Bitcoin both link back to the price of Bitcoin increasing for profitability. The only answer here has to be buying Bitcoin.

It would only make sense for an individual to mine Bitcoin (or some other coin) purely for educational purposes.
yevgen
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August 08, 2018, 06:57:21 AM
 #198

u are new to bitcoin
i suggest you keep your $6000 in bank
study and learn more abt cryptocurrency 1st
cryptosfr
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August 08, 2018, 08:06:20 AM
 #199

GPU mining is  also dead   thanks to bitmain ASICing  everything  (secretly first  than selling  it   for more profits )  .... So  better  buy coins  with  6K  but  you  need  do  know  when buy ^^ . Do some  low   purchase  first  if you are a  newby .  gl
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August 08, 2018, 09:50:05 AM
 #200

In my opinion, buy bitcoin is more simple and efisien than mining.
Mining need more effort to make good miner and lately there are a lot of miner and more miner will be increasingly difficult for mining it self.
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