I am new in here but i follow Voskcoin a long time,
I’m afraid to start mining because I’m taking risks, can you guys help, where do I start and what is the safest way, I’m starting with an investment of 10,000€.
My electric cost is 0,1389 € for kwh, and my power board is 3.45 kva
I live in Portugal
I’m just starting out too and with almost same budget. Here’s what I did.
Buy BTC or ETH. Get you money to an exchange. Most places only take crypto, and it takes a few days to transfer from fiat.
Subscribe to Goldshell website. They send out emails when they around about to list products. Buying from them is the cheapest you will get any hardware. Just sit and wait until they list products.
Have your mind made up and don’t hesitate when you see a deal you like. Things move fast in this market. But obviously have your homework done. Know which sites are reputable and what prices are good.
Look for under a year ROI. This is usually the benchmark most sites set their prices around.
Be ready to have the machines run. They are loud and hot and take a lot of power. Know where you will put them, and which outlets you will use and how to deal with the heat and noise.
The prices will fluctuate with the market so jump in once you feel comfortable!
My plan was to buy 1 miner that was most of my capitol, and a few small ones with the rest of my money. And have a few different coins to mine.
I got S19j pro 100th, Z15, L3+, and 4 goldshell box.
I liked your answer, this is what i did, tell what you think.
I bought One boobcat miner 300, and onde antminer Z15, and that was almost my budget just the machine took me 7820,95€ i bough the from Italy.
I already have 2 GPU mining etherium , i plan to buy more gpu im interested um just like 5 gtx1070 … And for now its my plan, what you think?
Well, considering that crypto’s goal is decentralization (among many others), you probably want to hold on to your coins, trade them (learn about different ones and their potential), stake them to earn better interest that any “monopoly money” bank can offer. Cashing out immediately seems like the opposite of what the cryptocurrency is all about