During all of the research into crypto mining and now that we’re working on building our space out. Several thoughts had crossed my mind and a few people I have talked to has asked me these questions and I honestly don’t know the answer because I’m so focused on bitcoin. So here it goes.
What crypto would you mind giving these different financial constraints.
1.) $5,000 to invest.
2.) $10,000 to invest.
3.) $25,000 to invest.
4,) $50,000 to invest
5,) this question came up by several of my friends. So what if I don’t have money to invest but I have a $25,000 credit limit on credit cards. What would be the best return to provide the best opportunity not to lose it all. LOL
Thanks and I am super curious to hear what opinions are out there.
I’m new as well but what little I’ve researched shows Bitcoin is harder to mind then other coins.
I have miners on the way and not sure yet what I will start with… I do have a Kadena minor coming that I hope does well.
I’m investigating about 60k in various miners but the biggest is 30k Kadena minor, CK5 and GPU minor… on paper I have about $140k of earnings a year in today’s market but I’m realistic and know that can go south overnight. Im hoping to cover my ROI within a year and then just hope to make a new Hobby worth while.
I’m new started with 1 2070 gpu making about $13 a week have 7500$ going to go for my first asic just don’t know if I want a kda miner or a A10 6g since the 5g won’t be profitable after may
I would go for ETH, and get as much as possible before it switches to proof of stake, and then stake everything I had mined…Get what you can while it is minable, and then use that to try and build good interest through staking.
I’ve got some old AntMiner l3+ that are running around 500-600MH, and they are still profitable. I mine on a site that autowitches to the most profitable coin, so it keeps older/slower machines profitable for a lot longer…but they pay in whatever coin you want.