Bitcoin Forum
November 05, 2024, 03:42:59 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: 6BTC investment into mining, worth it ?  (Read 2356 times)
Operatr
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000


www.DonateMedia.org


View Profile WWW
June 24, 2014, 05:25:55 PM
 #21

Bitcoin is worth far more than mining gear, you will never make it back paying retail prices for the miners, even with free electricity/rack space.

I would say just hold on to your coins. If you really want to mine, just get a single small one.

As a hobby: go for it. That is all mining is now is an expensive hobby for anyone lacking a million dollar bankroll.

As a profit venture: good luck, impossible without buying at manufacturing cost for the ASICs, and having a high power datacenter to house them.

ShakyhandsBTCer
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


It's Money 2.0| It’s gold for nerds | It's Bitcoin


View Profile
June 29, 2014, 07:59:09 PM
 #22

Bitcoin is worth far more than mining gear, you will never make it back paying retail prices for the miners, even with free electricity/rack space.
In theory you would eventually ROI if you did not have these operating costs as you could simply leave your miners on almost "forever"
BTC_Fundamentals
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
June 29, 2014, 08:15:58 PM
 #23

Interesting to know what will be the value of BTC and when will it jumps big time.
xstr8guy
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1004


Glow Stick Dance!


View Profile
June 29, 2014, 09:55:44 PM
 #24

Interesting to know what will be the value of BTC and when will it jumps big time.

Nevermind that it can "falls" big time too.  Wink
allcoinminer
Hero Member
*****
Offline Offline

Activity: 784
Merit: 504


View Profile
June 30, 2014, 10:00:19 AM
 #25

Bitcoin mining was for hobbies earlier and now its purely for experts unless one ease to loose money in mining hobby.
If you are an expert you can ROI from mining hardware. You need a lot of thinking, you need to baby sit a lot.
After all if the exchange rate plummets, all the efforts will go to worthless and money you invested will shrink.
It all means, if you know and have time buy hardware else hold on to btc and sell after a lot of difficulty jumps, you will earn a nice income.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!