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Author Topic: recommendations with what to do with 50k?  (Read 43 times)
grickie77
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July 21, 2018, 04:09:52 PM
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Looking for some suggestions, I have about 6 machines mining ETH, doing not much all 580's, 570's

I'm getting a good bit of capital that I have to pay back but I want to put it to work in crypto, I have a warehouse that I thought I'd fill with miners but now I'm not sure with the ASIC miners and difficulty levels, it looks like mining days may be numbered. So what to do.....

I have access to more money...thought to get 10 A9's but my price is $6,900 USD ea.

Other thought is to buy bitcoin and a few favorites and HODL However this would put me away from mining that I'm trying to build.

So suggestions?
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mjglqw
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July 21, 2018, 04:15:02 PM
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If you really wanted to mine, then go with it. Just make sure you've done as much research as you can, and have done ample computations to have an idea on how much you're expecting to make, and when you're going to make your investment money back.

This might help you: https://www.coinwarz.com/calculators

On investing in coins/tokens though, personally I would invest rather than mine, but that's just me. It probably goes down to where you think the markets will move to. If you think it's going to go up soon then you might want to invest a significant amount. If not, then probably go with mining.

In my opinion though, if I had $50k to invest, I'd invest a good amount outside cryptocurrencies, for lesser risk. Probably for eCommerce or something. Just my opinion. In the end, it's your decision. Tongue

Best of luck.

BTCGOLD
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July 21, 2018, 04:40:19 PM
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If you really think that mining is the thing that you want to do so don't have any bad thoughts and go for it, in some time you will see results of it and than you will be able to make some decisions (to mine or to invest).

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