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

[ValerKat]

I don't think that starting mining now is a good idea (especially on asic). Difficulty grows in leaps and bounds, profit  is very low and decreases every day. You have to pay money for electricity also.... So you will get very small earnings per day.
Better invest in some coins. But don't forget about security and buy well-protected wallet!

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[zolfa]

it depends on your decision, I think $ 6000 is enough to buy mining equipment, and you can start crypto mining.

and mining is the most efficient way to benefit from the crypto world.

Some things you should look for good strategy because mining today is difficult. and it will be even more difficult if bitcoin supplies are scarce, and you should always upgrade your mining system.

[emmybd]

As you are new to cryptocurrency, so it would be better for you to buy bitcoin and hold it for long-term. It would be more profitable for you rather than mining bitcoin, as mining difficulty has also increased, it would not be that profitable.

[Haxor321]

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?

If you are just only starting now to involve to this system, I think it is better for you to think first what will be the fastest way  to earn profit and by doing that I must suggested you to do investment first to btc. Just buy bitcoin and hold it for the meantime and when the value of it will pump much higher so that will be the right time to sell your btc or maybe if you want you can do a long term investment but it's up to you, choose where you are much prepared to do.

[poisonivy77]

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?

In my opinion it's good if you buy bitcoin worth of $6000 and wait to high the amount of bitcoin. That is only my opinion but its up to you what you what do in you money.

[avtonomro]

Minign bitcoins will not be possible with this much money. You can trade with it, also diversify with alt coins like ETH.

[coralwoods18]

With your 6000 usd I think its better to buy bitcoin first. The asicminer is good choice but I have heard it takes long time to get it and for buying asic only pre order is accepted.

[CODE200]

You can pay attention in terms of profit and look for profits that can get great results, and you should wait for July to buy a rig, and before buying a rig better you buy bitcoin first so you can benefit from the purchase of bitcoin.

That's right, you can buy bitcoin for now  so your investment will run already and when month of July then you may go to your plan that you will buy a rig. Don't waste your time and opportunity to have an investment in bitcoin while you waiting because for sure you can able to earn while you are waiting when you invested to bitcoin for the meantime. Mining is one of the ways of earning profit that much profitable to us so good luck and hoping that you will succeed.

[boy130]

Mining right now isn't very profitable, unless you can get your hands on some cheap hardware, or live in a particularly inexpensive country, then it might be possible to generate a reasonable ROI. I would recommend sticking to safe methods right now, margin trading, leveraged trading, even day trading small amounts and you should be able to net a fair profit. It would also be wise to diversify, never put all your eggs in one basket as that's just asking for trouble.

[artstyle1695]

If you still want your money to have some connection with mining you can invest in mining pools by renting equipment to mine.It is more safe in my opinion of loosing your 6k

[olubams]

I personally would have considered a third option outside those two. $6000 cannot buy a full bitcoin as at today and to make a decent profit would mean waiting and hope that price would increase to a reasonable point that as well is not certain. On the mining option, its way not should be considered at all for a newbie because of the intricacies of this line of business. But alt trading is just the right one to consider as that would give decent returns within short time but only if done right.

[gorbache]

Use it from trading only as it is not sufficient for mining. You can invest in coins like ETH and ripple.

[mak2017]

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?

Investing in bitcoin with your amount of capital will be the most profitable decision, as you don't have to pay for electricity every month if you choose mining.
In my view investing less than 100k $ in mining won't bring you anywhere actually, and to be honest even large bitcoin miners are currently working with minus profit, as break even price for miners per bitcoin is somewhere above 7800$.
Many people already gave up their miners, because they can't pay from their pocket that long.
Investing and holding bitcoin is still the most profitable thing what you can do on the current market especially.

[dutchkay]

With the amount you have currently with you, I will suggest you buy bitcoin rather than mining. Mining have gotten harder now compared to those days. You will be surprised that before you get your Roi you might spend a lot more. With 6000 I suggest you buy bitcoin and invest, chances of you making profit is better this way. But you winged serious research so you don't just lose all your money.

[bitbunnny]

Neither of these options are the best possible but if I have to choose I would definetely skip mining. Too expensive for profit that is actualy not worth mentioning. So don't even consider this option.
Buying is also not very happy option because no matter the current lower price you can't buy the whole Bitcoin but still it's more profitable than mining, especialy on long term.
Have you considered to invest in some Bitcoin related business?

[quocsi]

In my opinion, your bitcoin mining strategies are very good. But I think at the current bitcoin price. You should buy it. Depending on the time when the bitcoin price is low you should buy it to hoard. In the future if bitcoin prices are pushed higher you should use buy rig to exploit.

[PeRo]

I suggest buying Bitcoins, because the price is really low right now and it will go up soon. Mining is expensive, just the GPU will cost you a lot of money, then electricity will grind a lot of money and you will return your investment in more than a year. Buying Bitcoin could get you a lot of money if you wait even less than a year.

[Cofee.BLUE]

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, it's really depends on you in what porte are you much preparing to do. But I think it is better that upon waiting to the month of July it is good that you make some investment first in bitcoin especially for now because it's in the downfall season so it means  it can make you much profitable in the near future and maybe before month of July. Being a successful investors is depend in the strategies of coin holder so good luck.

[Alex_Kidd]

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?

The easiest thing for sure is to buy them, mining this time is not a very profitable operation, too many people wanted to mine during the last months and they have only lost money, I wouldn't recommend it.

[Javathon]

It is better to buy bitcoin today that to mine. That amount is not sufficient to get higher yields in mining bitcoin. But if you really want to go on mining, mine other coins and not bitcoin, the mining difficulty is high and not efficient.