$5000... invest in different types of cryptocurrency or mining equipment?

[b!z]

Protip: Don't ask people who lost money to altcoin pump&dump/asic scams for financial advice.

[ukeden]

i was reading to be competitive in mining u nead to be paying around $10 GHS them yellow jackets if you were to buy 10 that's a total of $800 for 20 GHS = $40 PER GHS having said that what is the best deals around per GHS

[odolvlobo]

Bitcoin mining is profitable only if you can get the equipment for less than 0.018 BTC per GH/s.

Scrypt mining is harder to estimate because it also depends on electricity costs and exchange rates. My scrypt mining revenue is about $5.00 per day per MH/s right now. If the difficulty rises 1% per day, then I can expect the total revenue to be about $500 per MH/s. I then subtract the power and equipment costs to get my profit.

[nyan1]

Does anyone know what the electricity bill or watts are for a 1500KH/S mining rig?

[odolvlobo]

Does anyone know what the electricity bill or watts are for a 1500KH/S mining rig?

It depends on the equipment and the cost of electricity. A good guess would be $1.25 to $3.50 per day.

[codon]

Does anyone know what the electricity bill or watts are for a 1500KH/S mining rig?

A rough answer would be about 45$ a month.

A more precise answer can be calculated as follows.

1. Understand the terms.  1 Kwh = 1 kilo-watt hour = 1000 watts for 1 hour
2. Look at your most recent electricity bill.  It should state your rate per kwh. (Will assume $0.10)
3. Select the type and quantity of GPUs you want to use.  For example 2x R9 280x would give you more or less 1500 KH/s.
4. Find the power consumption (i.e TDP) in watts for your card.  The R9 280x consumes about 250 watts.
5. Add about 100 watts for your CPU, harddrive, etc.
6. Total wattage = 100 w + (card wattage * number cards).  In this example, 600 w, or 0.6 kw.
7. Calculate costs: Mining hours per day * mining days per month * total kw * rate per kwh.

i.e. 24 * 30 * 0.6 * 0.1 = $43.20 a month

http://www.guru3d.com/articles_pages/gigabyte_radeon_r9_280x_windforce_review,8.html

Happy mining!

[CockCoin]

Don't invest in mining.

[huploader]

take 1/3 of money in buying mining things + 1/3 on buying alt-coin = profit + saving 1/3 of your money 

[Luxembourg_Invest]

I'd go 50% BTC, 30% LTC and 20% Netcoin.
Thats from of a professional investor perspective.

[Remonius]

Good question, have been wondering about this myself for a long time...
It both has obvious pro's and con's, investing that 5k right now in some upcoming altcoins might generate huge profits in the long run, while a steady stream of crypto via mining also seems very sweet...
In regards to GPU mining or waiting for ASIC, that's probably one of the million dollar questions. Although GPU mining is still very profitable, it could be left in the dust as soon as those ASIC's hit the market...
Then again, that will be in like 4 month's, and honestly, I can't predict what the playing field will look like by then! 

[Slendercoin]

I would recommend building rigs for scrypt mining. You can make alot of profit being an early adopter of altcoins.

[Mises_77]

Buy bitcoin and maybe some PoS coins. Keep an eye out for altcoins that are original and actually do new things, versus just being another copycat coin.