New to Bitcoin. Should I mine or buy coin with my $6000

[pxo.011]

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?

well you have a very quite way to your option. if you purchase bitcoin you can invest to the icos to make way to earn profits instantly. in mining i think it would be worth it because you will have a passive income if you have that so you have many option but same perfect for you. for gpu over asicminer, if i were you i will waig its not too long gpu rig or mining rig need a proper maintenance and more effort than asicminer.

[hachiman13]

I think buying a rig is a safer move than buying bitcoin directly. No doubt, mining bitcoin is not profitable now. Even mining eth does not give enough profit returns. Perhaps  you might want to consider mining alts, those are more profitable.

[paulo013]

For my opinion you can invest your money by buying coins that stakeable. There are so many potential coin to invest with. You don't need a high end rig for staking just upgrade your ram because it can use your ram space if you have more wallets running on your laptop or desktop.

[molenracing]

If your money is enough to buy a miner tool, then buy a tool to mine bitcoin first. if your money is still there after buying a tool to mine Bitcoin, then buy a bitcoin and hold it until the price soars high. but if you hesitate to buy Bitcoin, then you can invest your money to buy Altcoin, which in fact is cheaper than Bitcoin.

[bhabygrim]

I think it is better to mine them rather than Buying it ,
If you are going to spend some money then go for a long term profit mining them is profitable but it would surely take some time before you get back your capital.

[amih]

for now I would advise you to wait for bitcoin prices at the lowest point until the price movement starts to increase. after you have enough time just then you can buy some bitcoin and I advise not to buy eggs in one basket so divide from a few percent of the money you have on another coin that has good potential.

[ace1105]

for now I would advise you to wait for bitcoin prices at the lowest point until the price movement starts to increase. after you have enough time just then you can buy some bitcoin and I advise not to buy eggs in one basket so divide from a few percent of the money you have on another coin that has good potential.

Yes, I agree it's better to buy btc in its dip so that once the price rise you will get good profit. There are so many new coins now with potential and it will be good to add other investments aside from bitcoin.

[Getcoinsite]

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?

Mining bitcoin is a lifetime income but very limited and maybe wont enough for you needs daily since you have limited amount of capital,i may advice you just to buy bitcoin today and before this year end th could be double and much bigger than what you can earn with mining,but dont just focus on bitcoin because theres alot of alternative coins that can bring you to richer,you only need to learn about them so profit will be on your way

[Ale88]

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?

Right now the safer and easier thing to do, in my opinion, would be to buy bitcoin, not to mine them. Everybody wants to mine, too many people, I would rather spend my money and time in something else.

[monkeydominicorobin]

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?

Mine your Bitcoin. A lot of people right here will definitely say that you have to buy your Bitcoin since it is cheap. Mine since you know how to mine. You're making a statement that you can do things that they can't. It is very easy to buy Bitcoin but mining is important to the Bitcoin network so mine for as long as you can.

[HanaTenun]

with cheap bitcoin condition, buying bitcoin will be more profitable for you. buy bitcoin now and sell at high prices tomorrow. once you have benefited from it, you can start to mine your own bitcoin.

[makolz26]

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?

Mine your Bitcoin. A lot of people right here will definitely say that you have to buy your Bitcoin since it is cheap. Mine since you know how to mine. You're making a statement that you can do things that they can't. It is very easy to buy Bitcoin but mining is important to the Bitcoin network so mine for as long as you can.

That is right, we should decide in ourselves what path we want to have in our life, it is okay to mine bitcoin or to invest, they are both profitable it is just that if you will mine bitcoin you should have at least knowledge with it as well as in investment but for me mining is too difficult.

[giaoduc24h]

At present, btc is very difficult to exploit. With high price, if the mining will take a long time to recover capital, the market is downtrend, so you can buy it at reasonable prices and make profits when the market is uptrend.

[Bitfling]

There is advantages if you mining bitcoin with that amount of money. With mining, we can earn bitcoin and our bitcoin always added but we should calculating electricity cost too because in some country electricity cost are high.
The advantages buying bitcoin in market is we dont have to build mining rig and just hold it as long term investment

[cryptopranto]

You should better buy Bitcoin than buying mining rig. Because Bitcoin price is perfect for investment right now. And on the other hand mining is becoming more difficult day by day .. And mining is complecated too. It's gonna cost your electricity bill too.. But if you buy bitcoin now by the December you'll get huge profit

[EdenHazard]

with cheap bitcoin condition, buying bitcoin will be more profitable for you. buy bitcoin now and sell at high prices tomorrow. once you have benefited from it, you can start to mine your own bitcoin.

Actually this is the same as with mining, you can mining bitcoin then the results you can make an investment, right?

But there are some things that make me or you uncomfortable, bitcoin mining is very time consuming, we cannot leave our mining tool in a long time. In contrast to the investment whenever we can go to where we want in a long time. Many people make investments as the second place, the first place they choose is trading, both places are very promising for profit.

[Donotfoolme]

buy coins instead. mining can only be worth it as of now if your going to mine certain altoincs.
you can be a trader too , theres a lot of advantages buying coin than mining .
i suggest buy coin instead .

[fedosee]

$6000 is not at all sufficient for minign bitcoins. Also, remember that in addition to set up, you also have other expenses like electricity and maintenance.

[Gabteb]

I think better to buy as you said you are new mybe you would have problems with mining and price of BTC now not so high so buying now you would be in profit.

[kumar jabodah]

For me it's better to buy bitcoins, Less hussle and you do not need to set up yet. And the other one is to buy a mine when you have a profit with bitcoins. Especially now that the price of bitcoins is affordable. Take advantage of this time because it is definitely a big profit we can get here.