If you only have $100 or $1000 dollars to invest in cryptocurrency, is it better to buy and hold or buy mining equipment?
Long story short I make the argument in this video that buying and holding crypto is WAY more profitable than mining cryptocurrency.
First the average american doesn't have $500 in their saving account.
http://www.cbsnews.com/news/most-americans-cant-afford-a-500-emergency-expense/
That number is significant because one RX480-RX580 GPU will cost you $500. The RX-480 will yield about 24-27 MH/s to mine.
2 RX-480 will produce 48 MH/s for a daily profit of $7.15 according to June 20 2017 prices of ETC at $20.15
2 RX-480 is a $1000 investment just for 2 GPU's. In this video I will show how $1000 can yield 300%-1000% retuns in 90 days or less. Better ROI than actually mining cryptocurrency.
https://www.forbes.com/sites/maggiemcgrath/2016/01/06/63-of-americans-dont-have-enough-savings-to-cover-a-500-emergency/#773b36554e0d
https://motherboard.vice.com/en_us/article/people-are-getting-rich-slinging-overpriced-etherium-rigs-on-craigslist
https://seekingalpha.com/article/4079168-amd-480minus-580-graphics-cards-sold-nationwide
https://themerkle.com/amd-gpu-sales-explode-due-to-
cryptocurrency-mining-goldrush/
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