ASIC, GPU, or Investing?
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So i’ve been mining various altcoins for the past 6 months or so using 3 280x’s and have had a lot of fun while making a profit. I see great potential in cryptocurrency in general and would like to invest a few thousand dollars into it. What i’d like to know from you all is what you think I should do.
Should I invest in ASIC’s? If so which one do you recommend and why.
Should I buy some cheap GPU’s and expand my current mining operation?
Should I just use the money I am looking to invest to purchase coins while they’re cheap?
Let me know what you think and please explain why you chose that option. Thanks in advance ;D
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The maths may not be right but in my head graphics cards are a safer bet as at least you can sell them or use them once your finished mining.
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The ASICS are very overpriced in my opinion. Also 4 month ROI with them.
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The asics are massively overpriced compared to what you get out from them. Even the maddest ASIC-miners announced today have an ROI from 2-4 months if you do the math on todays values. However, most mad ASICs are being released in Q3, by that time the math will have changed and the ROI will probably be longer. Add to that the fact that ASICs have close to zero second hand value compared to GFX-cards I’d say the choice is easy.
However, if you compare mining to pure investment in crypto today it’s quite obvious that mining is hard to make a good profit on at all when it comes to scrypt-coins. It’s fun to do but the ROI is horrible with todays electricity prices.
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It really depends on you electric bill and where you live. I am still massively expanding my GPU farm and hoping to hit 8MH/s Scrypt-N or 20 ish MH/s Scrypt within the next month. I have electricity at about 10 cents usd per KW/h where I live and 9 months out of the year (snows all but one of those too…) I use them to heat my house. I had a $0 oil bill for the 2013-2014 winter and most pay more than $2000 per winter to heat homes up here.
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Should I invest in ASIC’s? If so which one do you recommend and why.
Should I buy some cheap GPU’s and expand my current mining operation?
Should I just use the money I am looking to invest to purchase coins while they’re cheap?
The ASIC’s are power efficient, so if you intend to sell the second you’ve mined a coin, then in the long run I would consider them worth it.
Considering ftc will be changing it’s algo though, if you plan on holding/using ftc in the marketplace, your better off doing a combination of gpu’s/buying coins while they’re cheap.
