Mining or investing in cryptocurrency?
Hi guys. How are you?
I hope you will be interested in my post. I need some your good advice.
Recently, about a month ago, I started mining. Before that, I was only trading on the stock exchange, but as a passive source of income I decided to set up a mining farm.
As u know the most expensive part of the mining fam is video cards. So I bought a mining farm for $3600
In the beginning of the May I bought video cards by $400. Now it costs $850.
I early June the farm brought $30 per day, now the volume fell to $22-24 per day.
The video cards hype is simply huge, even the weakest for mining with a capacity of 15 MH/s sells by $450 now.
What`s wrong with AMD and NVIDIA? Common guys!
The huge demand for cards and resulted in such a sharp increase in their value.
I counted income per day, with $30 the farm pays for itself in 6 month , now this process can be delayed up to 8 month because income fell to $21-24 per day.
How do you think if there is a certain amount of money, like 100 thousand dollars
Will it be clever to buy farms and part of investing on the stock exchange, or to throw the entire amount into crypt and wait for growth on exchange.
Best regards!
Which cards did I you buy? Can you do a more detailed report on that? Me and my friend are about to start mining too......
i bought MSI 580rx 8gb
Thanks, I will ask my friend
Its not just how much your mined coins are worth a the moment. You should hodl them and in year or two the price will multiple.
yeah it is, but need to understand that crypto can go flat for 2-4 or more month, but farm will go working.
I know, I m just trying to tell that rig is some sort of investment. Instead of buying crypto you bought farm and produced coins. Now you can sell them or hold them as an investment.
I like farming as a hobby but I personally have found investing has been much more profitable. Still with the right set up you can turn a nice profit.
you are right , need find a good postions for investing and good signals too)
Cryptocurency is the future! better to invest early