I’m just gettin into mining, but have been in the crypto space since last bull run.
I’m thinking of putting $12k into mining type stuff, but don’t really know where to start. I live in a small condo so I’m hesitant to get a few ASIC’s. But I don’t know anything about GPU’s.
Really my question is, is this the right time to start mining? When is the best time to buy mining hardware? Bull market? Bear market? Whats considered a good ROI timeframe?
My plan as of right now.
-I was looking at the Goldshell mini’s but they just sold out…Sooo
-Compass has Antminer Z17 for $5500 preorder for October. ROI is about 140 days. But who knows if current price will hold in 4 months.
-They also have the M31S+ for $5700 with an ROI of 240-ish days.
I like these options because it gets me in the game with little to no effort and I avoid the noise, and electric is half the price of my residential rate. And also BTC probably is safer than ZCash.
-Lastly I was considering buying a used L3+ for $1200. Which current ROI is 152 days. (I’ve seen videos of people running them in coolers the reduce the noise for my condo)
What do you guys think of that plan?
Any and all advice is greatly appreciated!!
P.S. - I already have 8 syncrobit on order. So i’m covered on the helium mining game. If i do ever get my orders.