Mining help. Money Wise...

[Hamuki]

Hey Everyone.

I want to get into Bitcoin mining, and I want to go in on this 100% serious.
Problem is money.. I have 400$ that I can use to invest in either hardware, or online Gh/s for mining..

I am dead serious about this, but money is kind of a limit atm. And no, I cant just wait till I have more money, because it is only getting harder to mine over time..

Any ideas?

Thank you

~Hamuki

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[blacksails]

Buy an ASIC miner or a cloud mining contract! If you go with ASIC, be aware that the shipments might be very delayed.

[Hamuki]

Buy an ASIC miner or a cloud mining contract! If you go with ASIC, be aware that the shipments might be very delayed.

Sir, that is easy to say.. But I need like a name, amount of Gh/s on a Asic.. A link.. Something.. This answer is basicly my question reversed..

[-ck]

If you don't have much money, wasting it on mining equipment is unwise since it never pays itself off. Want to get into bitcoin? Convert the $400 into bitcoin and wait. It will always be worth more bitcoin than any hardware you can buy today. Mining contracts / cloud mining are even worse.

[Pistachio]

Buying bitcoin is a much better option than spending $400 on mining equipment. That being said, I would buy a S1 direct from Bitmain or a local reseller for right around that amount. Mine 80% of the original cost in btc and then sell the hardware on ebay.


Edit: Also check the promos from GAWminers and you might get a good deal. They had a $100 off $300 promo a week ago that meant I was able to buy two Gridseed miners for $279 shipped.

[BoogieMan82]

Buying bitcoin is a much better option than spending $400 on mining equipment. That being said, I would buy a S1 direct from Bitmain or a local reseller for right around that amount. Mine 80% of the original cost in btc and then sell the hardware on ebay.


Edit: Also check the promos from GAWminers and you might get a good deal. They had a $100 off $300 promo a week ago that meant I was able to buy two Gridseed miners for $279 shipped.

Awwwh, that would have been a good promo, sad I missed it!

[seriouscoin]

Its mind boggling that ppl still look into buying mining hardware at this exchange rate.

It doesnt excuse you for being newbie because in any investment, one should be able to do a simple calculation.

Convert whatever the amount of money you want to spend on mining hardware to BTC and you will see your mining hardware wont even be able to mine the same amount of BTC.

Then whats the point?

If you're hoping that btc rate will go up , buying and holding would also net higher return.

[clouds0]

Its mind boggling that ppl still look into buying mining hardware at this exchange rate.

It doesnt excuse you for being newbie because in any investment, one should be able to do a simple calculation.

Convert whatever the amount of money you want to spend on mining hardware to BTC and you will see your mining hardware wont even be able to mine the same amount of BTC.

Then whats the point?

If you're hoping that btc rate will go up , buying and holding would also net higher return.

because it's more fun to mine and try many other coins out

[chadwickx16]

You can definitely get an ANTMiner S1 with that money these days. I love mine. ROI breakeven is still possible based on your electric price. Good luck!!

https://bitcointalk.org/index.php?topic=377632.0
https://ninjatech.org/index.php?route=product/product&product_id=60

[lynn_402]

Hey Everyone.

I want to get into Bitcoin mining, and I want to go in on this 100% serious.
Problem is money.. I have 400$ that I can use to invest in either hardware, or online Gh/s for mining..

I am dead serious about this, but money is kind of a limit atm. And no, I cant just wait till I have more money, because it is only getting harder to mine over time..

Any ideas?

Thank you

~Hamuki

I'd suggest you to check out Coinfarm on https://cryptostocks.com/
It is a mining cooperative in Taiwan. The owner post everyday about the mine's progress with pictures as proof, and post dividends everyday also.
One of its main advantage is that, because of his location, he can get mining hardware from China before the western countries can get them.
I think the shares are underpriced right now, so it should be a good investment.

Edit: On that same site, BTCQC is a good option for mining Scrypt and n-Scrypt

[ChuckBuck]

Without the finance, just Buy BTC and sit.

Buying decent miners that'll ROI is long gone with the recent price decrease.  BTC is cheap now, so you'd get almost a whole Bitcoin for $400.

Until you can get more than a few thousand together along with BTC price increase, it doesn't make sense at the moment.