Should I Invest In BTC Mining ?

[bekemew]

YES, it is risky to invest in Bitcoin but it’s fun and you get to be part of something that could transform the financial world as we know it.

 

[crystaline]

Dued $20 Electricity? Heres a couple advice
Short Term, dont, bitcion fluctuate too fast
Long Term, YES, if your not using that money, mine, save and wait for the future ;]

 

[eWebmaster]

Obviously you don't know how risky the crypto world is...
Remember, don't be greedy, be patient and learn as much as you can.
The learning phase for you is atleast weeks if not months.

Plus, NEVER pay others (projects, companies, etc) to invest for you, NEVER.
For now, keep your money.

Learn, test and then go full.
All the best.

 

[joaovieiraaa]

If you can 'lose' that money without problems, go ahead.

 

[Conix]

Yeah trust the guy with a 2 week old account ,14 views, and no followers promoting a site which has been hacked btw, he definitely knows better then everyone else. Give it a shot though, the best way to learn is through first hand experience.

He also uploaded this video on earning $13,000 in the next 24hrs surely that would be a more profitable venture

i noticed that channel is a fake reuploader,he upload everyone video to get some views, So Real content creator is this guy:

thats real channel, Still biggest question is how he earned 54$ a day?

 

[bobshoe]

Been there, done that. Don’t

 

[davids355]

I’m sure you’ll make that $25k back in.... er... never.

 

[Ruffaro]

i noticed that channel is a fake reuploader,he upload everyone video to get some views, So Real content creator is this guy:

thats real channel, Still biggest question is how he earned 54$ a day?

Thanks for uploading the proper channel, my point still stands on nice hash being hacked. Like I said before the best way to learn is from trial and error. Like me and others have stated you're plan isn't feasible. My personal reasoning being that: 1. Bitcoin Mining Difficulty Increases Exponentially(The Video Was Released 8 months ago,which means diminishing returns, making $45 using his method is an impossibility at this point in time). 2. GPUs are becoming less feasible to mine 3. Your GPU will probably die before you break even. 4. His method of NiceHash isn't recommended since the service was hack and the company failed to do right by their users(it's even referenced in the comments)

At this point in time if you follow his steps you can expect to make around half as much as he did when he recorded it(most likely even less). So $54 with 4 GPUs would turn into $25 with 4 GPUs. So at least you break even on electricity(with hope that the power doesn't cut off for any reason i.e. storm) . That leaves you with a net profit of $5-$7 every month.

 

[Ruffaro]

My bad on the bad math on the post above. $25 dollars a day not a month lol

 

[terrycody]

Use the money to buy a stable website, instead, or invest in other coins and buy all us a beer, when 10 years later.

 

[TheBizCat]

Invest your $25k in something sustainable.

Totally agreed.

I recommend getting started with a brick and mortar business with that kind of capital or buy an existing website off feinternational or flipempire.

 

[Deleted member 1198594]

Electricity costs are way to high. The risk to reward ratio is nonexistent. Invest your money in something less time consuming like the actual coin.

 

[industryplant]

Do it. To mine bitcoin you need asic miners from Bitmain. They have new miners ccoming out next month that are better than the Antminer S9.

If I were you I would get some new Antminer S15 which has a 28TH base hash rate with power supply included. They are currently just under $1,500 per unit. Right now they limit customers to 2 units an order. I'd try to get 10 of them for starters if I were you.

Bitcoin will go over 20k. Go for it.

 

[Fame Club]

Right now is actually the best time to get into mining. As dude said before me, bitcoin bas hit 20k and will go over it. Don't let others deter you. Just do it, and you'll be happy you did. Trust me.

 

[bmfuxia]

why dont you just put that in the bank and get interest ? or buy stocks like nike, adidas, famous brands.

 

[spotifyplays]

Don't listen to all these old folks. The old grumpy ones always say don't because they just old, the young people know the direction of the future. Invest into BTC mining, crypto is the future. Never invest your money into stocks, and index funds that's old time crap that never will do what crypto has done for people financially.

Literally man, the old ones always say don't do it. This is out of their time, they can't process all this new technology. Yet, even they wish they had BTC though lol. Do it.

 

[mickyfu]

I'd honestly rather invest my money into a crack business with CEOSam and trust him not to smoke it all.

 

[LNO]

please dont

 

[D Just Hope]

If you are looking to earn a living for it, DONT. Any investment means, you are 'okay' with the risk of loosing your money. But if it's all you have, don't invest it. Especially in Cryptocurrencies. High Returns = High Risk .

 

[AngelSeo]

Electricity costs are way to high. The risk to reward ratio is nonexistent. Invest your money in something less time consuming like the actual coin.

He says that his electricity is basically free. So the question is how much money he can make, not if he will made money. I am dumbfounded that people cannot understand simple ROI analysis, regardless of believing in crypto or not.