What would you do? Mine with $40k or purchase Bitcoin?

[philipma1957]

okay  I recommend a multi prong attack.

40k for 60th is a monster amazing stone cold bargain .

Buy the gear sell half  and host the other half.

You could sell 30th for 30 to 35 k   no worries.      this means  you have 30th for under 10k.    just mine the 30th. and pay the 290 x 5 = 1500 a month to host.     you roi in under 30days.

hold those mined coins for 1 year and then decide if you want to sell them.

But if you could sell 30th for 30-35k, why not just resell 60th for 60-70k and use the 20 to 30K profit to just buy Bitcoins.  This would not take more than 1 total day of your time and you could move onto the next venture instead of having to babysit 60TH for 9 months  
[/quote]

yeah but mining is such fun. Or  As my wife says the fans are too loud it is too hot in the garage.

 Frankly  I am drifting into holding btc and ltc more then mining right now.

 I think I have more in coins then in gear right now.  Not sure .

[DrG]

okay  I recommend a multi prong attack.

40k for 60th is a monster amazing stone cold bargain .

Buy the gear sell half  and host the other half.

You could sell 30th for 30 to 35 k   no worries.      this means  you have 30th for under 10k.    just mine the 30th. and pay the 290 x 5 = 1500 a month to host.     you roi in under 30days.

hold those mined coins for 1 year and then decide if you want to sell them.

But if you could sell 30th for 30-35k, why not just resell 60th for 60-70k and use the 20 to 30K profit to just buy Bitcoins.  This would not take more than 1 total day of your time and you could move onto the next venture instead of having to babysit 60TH for 9 months  

yeah but mining is such fun. Or  As my wife says the fans are too loud it is too hot in the garage.

 Frankly  I am drifting into holding btc and ltc more then mining right now.

 I think I have more in coins then in gear right now.  Not sure .
[/quote]

Yes I know it's fun.  I'm coming up on my 3 year mining anniversary for my original 6870s that go me started.  But it's also a pain in the ass sometimes.  I have 3 cards I need to RMA and 1 fan to replace.  I've been meaning to RMA those cards for 3 months now.

With summer here in full force on my end I won't be missing the heat that's for sure.

[Instamatic]

Glad it's not just me!  I've become an RMA/store exchange expert these days.  Tip:  even if the store says they only make returns for 30 days you can always play dumb and bring something in later hoping to get that clerk that just doesn't care (saved me the hassle on a motherboard & 2 video cards once).

p.s.  it is too fun.

[ALToids]

Glad it's not just me!  I've become an RMA/store exchange expert these days.  Tip:  even if the store says they only make returns for 30 days you can always play dumb and bring something in later hoping to get that clerk that just doesn't care (saved me the hassle on a motherboard & 2 video cards once).

p.s.  it is too fun.

It is fun until you awake at 2:47AM to the smell of fried PSU with your smoke detector going off and the lights in the house are out.  yeah good times 

[DrG]

Glad it's not just me!  I've become an RMA/store exchange expert these days.  Tip:  even if the store says they only make returns for 30 days you can always play dumb and bring something in later hoping to get that clerk that just doesn't care (saved me the hassle on a motherboard & 2 video cards once).

p.s.  it is too fun.

It is fun until you awake at 2:47AM to the smell of fried PSU with your smoke detector going off and the lights in the house are out.  yeah good times 

Ahh I remember sitting next to my BFL SC Single and 5 days after I got it the damn thing went POP and smoke came out as the fans spun down.  Then it started to crackle a little, I yanked the cord out of my UPS.  Good times indeed 

[philipma1957]

Glad it's not just me!  I've become an RMA/store exchange expert these days.  Tip:  even if the store says they only make returns for 30 days you can always play dumb and bring something in later hoping to get that clerk that just doesn't care (saved me the hassle on a motherboard & 2 video cards once).

p.s.  it is too fun.

It is fun until you awake at 2:47AM to the smell of fried PSU with your smoke detector going off and the lights in the house are out.  yeah good times 

tell me more.  how did you do it?

did you break the number one rule of psu?   

 run that mofo  psu  24/7/365 at 90 percent capacity =  why did my psu die?

[ALToids]

Glad it's not just me!  I've become an RMA/store exchange expert these days.  Tip:  even if the store says they only make returns for 30 days you can always play dumb and bring something in later hoping to get that clerk that just doesn't care (saved me the hassle on a motherboard & 2 video cards once).

p.s.  it is too fun.

It is fun until you awake at 2:47AM to the smell of fried PSU with your smoke detector going off and the lights in the house are out.  yeah good times 

tell me more.  how did you do it?

did you break the number one rule of psu?   

 run that mofo  psu  24/7/365 at 90 percent capacity =  why did my psu die?

Seasonic X750 Gold running 24/7 at about 60% of capacity (2x7950 Litecoin mining).  PSU made it made it 3 months from date of purchase.  Surprised my Seasonic went when the Enermax Lepa and ChannelWell stuff never failed.

[philipma1957]

Glad it's not just me!  I've become an RMA/store exchange expert these days.  Tip:  even if the store says they only make returns for 30 days you can always play dumb and bring something in later hoping to get that clerk that just doesn't care (saved me the hassle on a motherboard & 2 video cards once).

p.s.  it is too fun.

It is fun until you awake at 2:47AM to the smell of fried PSU with your smoke detector going off and the lights in the house are out.  yeah good times 

tell me more.  how did you do it?

did you break the number one rule of psu?   

 run that mofo  psu  24/7/365 at 90 percent capacity =  why did my psu die?

Seasonic X750 Gold running 24/7 at about 60% of capacity (2x7950 Litecoin mining).  PSU made it made it 3 months from date of purchase.  Surprised my Seasonic went when the Enermax Lepa and ChannelWell stuff never failed.

That is surprising .  Should not have happened.

[scribbles]

I had a similar choice about a month ago and looked into mining vs buying BTC (I also live in WA). With the incremental increase in difficulty, it's hard to ROI as an individual. If you're interested in mining, I say buy BTC and mine altcoin for fun.

[DrG]

I had a similar choice about a month ago and looked into mining vs buying BTC (I also live in WA). With the incremental increase in difficulty, it's hard to ROI as an individual. If you're interested in mining, I say buy BTC and mine altcoin for fun.

You know it's scarry when people in WA state are contemplating buying over mining.  My family in WA is paying 1/10th of what I pay here in Southern California.  What a difference 1000 miles and 2 states makes.

[Funexec]

thanks for the responses guys!

i went the 50/50 route however dropped the total amount spent to $30K.


thanks again,


S