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

[Kahoy01]

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 isn't actually a  big and viable method of earning as of now. Apart from this, you are still new to the bitcoin investment industry so you should first understand the basics which will be well known through buying coins rather than mining. It is much more suited for you to mine when you are alreasy proficient and knowledgeable of every thing about bitcoin.

[Raggie]

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?

Hey, instead you wait until July, why not you buy some good coins back then ?
you will be able to sell it higher in July. There are a risk that the coin price will be lower, but i think when you buy good coins, the price wont drop much.

[CHENIEN]

If you have enough capital to buy or invest in bitcoin then go for it, and likewise also, if you have enough capital to buy a equipments or gadgets which use to mine bitcoin, well it is also good for you. However all these choices are highly needed of effort and time in order to recover your capital being invested. What I mean is a full time access in order to focus and monitor the market price movement of bitcoin.

[Dudeperfect]

I would recommend you to buy it as the price is comparatively low considering the current market situation but if you can earn more amount in mining (calculate your profits in mining calculator) and if you can be there to monitor it frequently then you can definitely go with mining option as far as it is higher than your opportunity cost of investing directly.

[Getmon]

For me, it is better if you use that amount to buy Bitcoin. Make the most of the down market right now. There might never be a time in the future when the price will be as cheap as today. With your $6,000, you can already buy almost a full Bitcoin. If I were you just add a few hundred US dollars to it so that you will have a single Bitcoin as an investment. Mining is good but with a cheap Bitcoin, it is not as profitable.

[A Feeder]

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 I have 6000 USD, I will wait bitcoin to dip its price to 5,600 USD and then buy. After that, I will just wait and hold my bitcoin for 5 months and I will cadh out immediately. This is my main option because mining is not that profitable nowadays and it is better if you invest.

[Sevarchik]

If you want mining bitcoin wait the announcements the new asic, S9 is too old and soon will be not profitalbe.
Buying coins also good, but with asic you can mine other sha256 coins in the future

[Jihuny23]

You should learn more in the first about crypto currency. Learn about investing, buying coins, mining, or trading. Once you understand all about the existing business in crypto currency then I am sure that you will more easily determine the business sector that suits you. My advice is better you buy bitcoin with your money then hold it until bitcoin price goes up. Besides that, you can also learn while monitor the market and bitcoin mining movement. Once you understand it well, you can start plunging into the bitcoin mining world. Essentially, if your ability is not adequate then do not plunge into the world of bitcoin mining.

[EnricoGomez]

Honestly would just buy bitcoin, it is less riskier than mining - plus there are no additional costs excluding the capital unlike mining which is def costy on electricity.
There are vulnerabilities in mining such as damage on the hardware and even shortage on electricity.
You literally get money for patience if you just invest and do buy low sell high.

[sana9826]

If you want to get profit much and sooner, maybe you should buy botcoin rather than mining bitcoin. Because in mining, we know that everyday it will collect bitcoin, but it is too small amount of bitcoin that produced by miner. If you buy bitcoin, you can trade it everyday and get profit faster than mie it, but remember it is not be easier to get, there also risk behind that.

[aladlanie04]

my advice personally  to buy bitcoin with 6000$ its in accumulation phase right now  u will get at least 0.95 btc  for ur 6000$ hold it untill bull run start to reach all time high . mining bitcoin the investment how much u put  like example X it takes 1 yr almost  to get back ur investment ROI is very little margin in bitcoin because the power consumption is so high and you need to calculate the power also , to pay the bill . better that much money can invest in bitcoin  make 2x to 3x flip the coin  when rise sell it and when low buy it u can make 10%-30% profit  in 2-3 months   that is much better than  mining bitcoin.

[ice18]

I heard some good news for long term about bitcoin this week and Im surely believe that many investors are slowly accumulating btc in the bear market It can soar up high in coming months thats why my advised to you is to buy bitcoin and hodl it.

[abaidudez]

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 you should know first which are you good at. If you are good in technical and maintaining a mining rig then you should do that. But if you are really good in trading that $6000 will be more and if will be lucky can multiply it more that can afford to purchase the mining rig you want. Invest it first in bitcoin and learn to trade then if you have earn already enough to buy that equipment to do mining then you should put some cash on it too, so you have too earnings. Good luck.

[Airdroptastic]

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?

It would be better to invest if you what to play it safe but if you like playing risky and are having a great internet and some cheap electricity then you should buy a miner but I would prefer asic bitcoin miner and not the equihash one as they are the longest trusted Miners in the market till date.

[FrankyLu]

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?

I am also new to bitcoin donot know where to start from can anyone help me ?

[bololord]

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?

I suggest you should used that to buy bitcoin because you don't have to worry about billing concerns and the maintenance for your mining set and mining bitcoin is not profitable now but holding bitcoin is much better way because it can gain profit for long term plan. 

[Jess KaKa]

I think Bitcoin $ 6000 is still cheap. You should buy at this time. Bitcoin mining is now obsolete. I think you will not be profitable if you exploit bitcoin at this time.
 

[Maestro75]

Am not sure anyone will advice you to mine bitcoin at this time given the cost of mining and the cheap price of bitcoin in the market. Anyone who advises you the other way may not be telling you the truth of the market situation. So I think you are better buying bitcoin for a long term than mining it.

[mkcube]

I think bitcoin as of this time is in low price. I think you can buy it now, that is the best way to earn more profit. Minig has a big risk, for a newbie to bitcoin, i think you should buy first.

[Johnny_ric0]

If you have solved the electricity cost, I would definitely advice mining, it is much less speculative and if everything goes wrong you will still have computing power, that can be used for something else that mining.