Is there anything worth buying?

[grendel25]

So I'll have about $1K that I want to put towards bitcoin investment or generation of bitcoins somehow.  I've parted out my gpu rigs but am still interested in a mining aspect.  I've looked into cloud mining and some rigs that are coming out.

Mostly, the advice I've gotten is to just buy bitcoin.  But I want to do something that would be more enduring.  

Is there any gear that would be just as enticing as buying bitcoin right now?

[1714116057]

1714116057

[1714116057]

1714116057

[1714116057]

1714116057

[1714116057]

1714116057

[sgk]

So I'll have about $1K that I want to put towards bitcoin investment or generation of bitcoins somehow.  I've parted out my gpu rigs but am still interested in a mining aspect.  I've looked into cloud mining and some rigs that are coming out.

Mostly, the advice I've gotten is to just buy bitcoin.  But I want to do something that would be more enduring. 

Is there any gear that would be just as enticing as buying bitcoin right now?

You can split your investment 50% - 50% between Bitcoin and alt-coins.
Keep 50% in Bitcoin to be safe since alt-coins are comparatively risky.

Have a look at this, it gives some idea of promising alt-coins to invest in 2015:
http://fuk.io/january-2015-report-best-altcoins-and-cryptos-to-mine-and-invest-in-for-high-profits/

[xstr8guy]

So I'll have about $1K that I want to put towards bitcoin investment or generation of bitcoins somehow.  I've parted out my gpu rigs but am still interested in a mining aspect.  I've looked into cloud mining and some rigs that are coming out.

Mostly, the advice I've gotten is to just buy bitcoin.  But I want to do something that would be more enduring.  

Is there any gear that would be just as enticing as buying bitcoin right now?

The difficulty is on the rise again. Now's not the time to buy new gear.

[grendel25]

So I'll have about $1K that I want to put towards bitcoin investment or generation of bitcoins somehow.  I've parted out my gpu rigs but am still interested in a mining aspect.  I've looked into cloud mining and some rigs that are coming out.

Mostly, the advice I've gotten is to just buy bitcoin.  But I want to do something that would be more enduring.  

Is there any gear that would be just as enticing as buying bitcoin right now?

The difficulty is on the rise again. Now's not the time to buy new gear.

Okay, but the difficulty is typically on the rise.  I've also heard the argument that btc value is low so now is the time to buy because the value will go up.  Well, when the value of btc goes up then the miners are also making money again.

But it also seems like mining isn't really worth it just by the mining itself unless you also consider the flexibility that comes with the ability to mine various coins of the same algo.  IDK...  was looking for some really compelling arguments one way or the other but so far nothing really... oh I can't think of the word... it's more like a big turd sandwich situation.

[Miz4r]

I wouldn't buy any mining gear right now unless you have very cheap electricity. Buying coins is almost always more rewarding. If price goes up you profit of course, if price goes down you can at least cut your losses quickly which is impossible if you had bought mining equipment. With mining gear you pretty much have no choice but to sit out the rough times. It could work out if you're lucky and the BTC price recovers, but in that case I still think your options are much better if you had bought coins instead.

[xstr8guy]

So I'll have about $1K that I want to put towards bitcoin investment or generation of bitcoins somehow.  I've parted out my gpu rigs but am still interested in a mining aspect.  I've looked into cloud mining and some rigs that are coming out.

Mostly, the advice I've gotten is to just buy bitcoin.  But I want to do something that would be more enduring.  

Is there any gear that would be just as enticing as buying bitcoin right now?

The difficulty is on the rise again. Now's not the time to buy new gear.

Okay, but the difficulty is typically on the rise.  I've also heard the argument that btc value is low so now is the time to buy because the value will go up.  Well, when the value of btc goes up then the miners are also making money again.

But it also seems like mining isn't really worth it just by the mining itself unless you also consider the flexibility that comes with the ability to mine various coins of the same algo.  IDK...  was looking for some really compelling arguments one way or the other but so far nothing really... oh I can't think of the word... it's more like a big turd sandwich situation.

Buy coins if you think BTC is going up in price, not hardware.

Btw, the same people who tell you to buy BTC now because the price is low and it's definitely going to go up are...

... The same people who told you to buy at $1,100
... The same people who told you to buy at $800
... The same people who told you to buy at $600
... The same people who told you to buy at $350

Today the price is ~$280. And guess what? The price hasn't gone up yet. The trend has been steadily down since December 2013. I suppose there's a good chance it will rise again. But there's also a chance it could go to zero.

[ChuckBuck]

Simple answer is no.  There is no miner worth buying due to ever increasing high difficulty, ever increasing high electrical and cooling costs, and most importantly, no ROI in sight.

Partially right answer, if you're going to buy hardware anyways, and plan to mine at a loss is the following:

http://www.spondoolies-tech.com/products/holiday-special-sp20-jackson-shipping-from-stock

https://www.bitmaintech.com/productDetail.htm?pid=000201412231604153619o9X1obn0693

[philipma1957]

So I'll have about $1K that I want to put towards bitcoin investment or generation of bitcoins somehow.  I've parted out my gpu rigs but am still interested in a mining aspect.  I've looked into cloud mining and some rigs that are coming out.

Mostly, the advice I've gotten is to just buy bitcoin.  But I want to do something that would be more enduring.  

Is there any gear that would be just as enticing as buying bitcoin right now?

I need some info. 

where do you live? not exactly but if in the usa name the state.  anywhere else name the country.  I am in USA New Jersey

what is your power price?   5 cents a kwatt  10 cents a kwatt 15 cents a kwatt 20 cents a kwatt.   Over 20 cents you are a certain loser

what is your noise tolerance?

do you have powers supplies on hand?

is it the winter where you are?

First off don't buy coins you are new not fun.

Second If you order today and get some sp20's from spondoolies  you get an added benefit of free heat if it is the winter. they are pretty much set it and forget it

they will most likely lose money, but not a lot.  I have 8 of them.

  I downclock them to 1200gh I lower the fan on them to setting 20  and they help to heat my home while earning some money.

[nwfella]

Buying mining hardware at this stage of the game is pretty much a suckers bet.

[philipma1957]

Buying mining hardware at this stage of the game is pretty much a suckers bet.

I would say if you are over 15 cents per kwatt and have no need for the heat they will give off you are correct.

2 sp20's or 2 s-5's can run on  1 evga 1300 g2 psu

So if you have the psu and need some spot heating for the next 3 months.

Those  2 miners may work out.

I have 8 sp20's and they lower my heating bill from 225 usd to 95 usd so that is a gain of 130 usd per month for Dec Jan Feb Mar

That means 1 of those 8 sp20's  is free due to the heat savings.

[grendel25]

Thanks all for the inputs.  I'm in Alaska and ironically the heat cost is over .15.  I'll never understand that.

I don't actually spend that much on heat itself it's more the electricity in general.  Heating my home isn't that bad.  I lose more money on my water heater because it's in the freezing cold garage.  So my next house upgrade will be an inline electric water heater and I've heard that saves a lot compared to gas water heaters.

But I digress...

I do have a few extra Corsair Gold quality 850W PSUs but the more I think about it... I'll probably just purchase a little bitcoin and play around with this or that.  Maybe some poker hehehehe.. just a little.

But I haven't fully looked into the spindoolies so hardware is still a possibility.  I like this discussion.  I think it will result in some good diversification of my investment.

[xstr8guy]

I'm in Alaska...

Sorry to hear that!  

Btw, the Spondoolies SP20 is a cool little machine. You might just want to buy one for fun. It's a bit loud but you can underclock it and crank the fan speed down. And it will make a nice little space heater. And unlike the Bitmain S5, it's enclosed by a nice aluminum case. You might even be able to fool the wife into thinking its a heater... unless she wonders why it needs an Ethernet connection.  

[ezeminer]

 You might even be able to fool the wife into thinking its a heater... unless she wonders why it needs an Ethernet connection.  

It is a futuristic Heater that can be controlled via ethernet... duh

[mavericklm]

I lose more money on my water heater because it's in the freezing cold garage.

Buy a c1 and mount it on the heater if there is a special heating coil inside!

I will do it for my house with 2 c1

If your heating is electrical, then mining is for you: Spondoolies SP20!

[hedgy73]

I agree Spondoolies is the way to go

[MarketNeutral]

OP's budget is a little low for my liking, but for everyone else who's thinking about buying a miner, please wait a week or two longer. My company will soon unveil details about a miner we've been working on for the past year. It's a legit game changer that offers something never seen before. I can't say any more at this time, but once we get a few more detailed hashed out (pun intended), I'll make an official announcement.

[BTCish]

heaters are a good idea .

[picolo]

So I'll have about $1K that I want to put towards bitcoin investment or generation of bitcoins somehow.  I've parted out my gpu rigs but am still interested in a mining aspect.  I've looked into cloud mining and some rigs that are coming out.

Mostly, the advice I've gotten is to just buy bitcoin.  But I want to do something that would be more enduring.  

Is there any gear that would be just as enticing as buying bitcoin right now?

You could buy bitcoins and invest some of it in just-dice, bitfinex or a bitcoin casino but you will have a risk of losing your bitcoins if the investment returns a negative profits, the site is hacked or the site disapears with your funds.

[BTCish]

So I'll have about $1K that I want to put towards bitcoin investment or generation of bitcoins somehow.  I've parted out my gpu rigs but am still interested in a mining aspect.  I've looked into cloud mining and some rigs that are coming out.

Mostly, the advice I've gotten is to just buy bitcoin.  But I want to do something that would be more enduring. 

Is there any gear that would be just as enticing as buying bitcoin right now?

You can split your investment 50% - 50% between Bitcoin and alt-coins.
Keep 50% in Bitcoin to be safe since alt-coins are comparatively risky.

Have a look at this, it gives some idea of promising alt-coins to invest in 2015:
http://fuk.io/january-2015-report-best-altcoins-and-cryptos-to-mine-and-invest-in-for-high-profits/

This is really a good guide, thanks.

[picolo]

So I'll have about $1K that I want to put towards bitcoin investment or generation of bitcoins somehow.  I've parted out my gpu rigs but am still interested in a mining aspect.  I've looked into cloud mining and some rigs that are coming out.

Mostly, the advice I've gotten is to just buy bitcoin.  But I want to do something that would be more enduring. 

Is there any gear that would be just as enticing as buying bitcoin right now?

You can split your investment 50% - 50% between Bitcoin and alt-coins.
Keep 50% in Bitcoin to be safe since alt-coins are comparatively risky.

Have a look at this, it gives some idea of promising alt-coins to invest in 2015:
http://fuk.io/january-2015-report-best-altcoins-and-cryptos-to-mine-and-invest-in-for-high-profits/

This is really a good guide, thanks.

alt coins are extremely risky, they all only have a small chance of gaining value against Bitcoin, you can profit if you buy them when a bubble starts and sell high but in 2014 almost all altcoins lost against Bitcoin (and $)