Should I use my credit card to HODL random shitcoins in the hopes of massive gains or just buy a few miners from alibaba?
What site or program do you use to manage your crypto?
Mining or Buying?
Dominic Cook
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Christopher Barnes
Can't really say because no one knows the future, I'd say to invest, takes less effort and you can make potentially more short and long term money than mining
Tyler Campbell
if your projections beat your APR, then you have nothing to lose. Go all in with your credit limit IMO.
Jose Kelly
GPU mining is probably the safest way to crypto, especially if you manage to find some gpus at non-inflated prices.
Michael Anderson
Figures. I do get a flat electricity fee where I live though and free internet.
The APR would be around 20% thats pretty rough to beat.
All GPU markets are inflated at this point and I'd rather not get GPUs from chinkshit gen because no returns no repairs.
I have the option to get an antminer S9 for 1000.
Wyatt Nguyen
Are you going to start mining bitcoins?
Ethan Evans
yes. Unless someone here provides a form of passive income that can beat a 13th/s miner with minimal capital investment. It'll be enough to pay the credit card and I can save on the side. Potentially mine other coins too.
Caleb Brooks
I fell for the Crypo Cloud Mining meme.
Spendt $3,000 for 25Th/s
Every time it pays me ~$23
It Buys More Hash Power
Assuming the Bitcoin Stays at $4,500, I would be Increasing my Hash Rate by .77% every day, meaning it will compound once a day.
By the end of the year I would have ~100Th/s Worth about $12,000.00 Capable of making $88 a day Assuming Bitcoin Stays at $4,500
I hope BTC catapults into 10K+ Territory. That would put me into $500 a day.
Caleb Barnes
If you buy the anitminer S9 which is an ASIC miner you won't be able to mine other coins, other coins requires a gpu to mine.
Samuel King
Goes to show how much more research I need to do. Thanks. I do have a place to buy GPUs in bulk but there's a minimum buy order.
Any coin you would recommend for alternative mining?
Is the compounding th/s part of your contract? No way to make it stop? Do you get any details on how the mining center works or of they're part of a pool?
>btc at 10k
I'll unironically kms that day