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Invest More in Doge or a Mining Rig???

Discussion in 'BlackHat Lounge' started by Elliot305, Feb 19, 2014.

  1. Elliot305

    Elliot305 Jr. VIP Jr. VIP

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    Hey guys, need some input. Have invested $15k in Doge and am willing to invest another $10k. But should I invest that into a mining rig for Doge or simply buy more Doge. I have no clue how to set up a mining rig so I'll have to pay someone locally to do all that for me. If I invested $10k into the rig itself, is that something that can be easily liquidated in the future if I what to get out of mining? Would I be buying just 1 mining unit or several connected to each other to equal my budget? Is mining BTC more profitable than mining Doge?

    Any info and input would be much appreciated from people who understand mining (since I have no clue, lol). Thanks for your time.
     
  2. akacash

    akacash Jr. VIP Jr. VIP

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    Hey bro, I recently setup a mining rig, and currently mine 24/7 basically. If you wanna add me on Skype sometime shoot me a PM and I'll send you my name or add you. You're going to hear a lot of people give you all the reasons why you can't mine still, if you'd like though, I'll give you an honest appraisal based on actual data and facts, not my subjective thinking. It's still very much possible, but there are some factors to take into account first.
     
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  3. youtalkmedia

    youtalkmedia Senior Member

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    ATM to mine doge I do not see there being much if any profit. Benefits of mining yourself is your rig will be good for about 2 years (in terms of keeping its value) and assuming you cool it properly you can get a long use from it. Ending making more over time. Keep in mind, they cost $ in electricity to run them, and a good stable internet connection.

    I would be interested to know the best coin to mine ATM for profit.
     
  4. akacash

    akacash Jr. VIP Jr. VIP

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    http://www.coinwarz.com/cryptocurrency I use that. It's not every single coin out there, but it's a very good list with all the major players and plenty of small time coins as well. There's a bunch of information in a quick shot there though, and it updates each time you refresh the page. There may be a very small lag sometimes where it might say the difficulty for example is 15 when it actually just jumped up to 17 or something, but other than that I've found it to be a very, very handy site. If you know what values you enter, you can literally calculate how much you can expect to earn for each coin.
     
  5. Elliot305

    Elliot305 Jr. VIP Jr. VIP

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    Props to akacash for taking the time over skype and giving me some good info about mining...much appreciated.
     
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  6. Tyrannis

    Tyrannis Regular Member

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    Do you really think that an old rig will be easily liquidated? It won't
     
  7. Tosmekop

    Tosmekop Supreme Member

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    Wait til the new rigs come out, then either buy one of those, or wait for the YouTube tutorial on how to build it. Then, spend your cash on buying the parts.
     
  8. zx123

    zx123 Senior Member

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    invest 5k$ buying 10 asus GPU and start the solo mining of doges. At this time is a profit mining in solo.