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RE: Should I buy mining equipment for Etheruem or buy the currency and others with $15,000 USD?

in #ethereum7 years ago

In my experience and others, mining is not very profitable, a pain in the butt, and to really make a go at it, you need to spend well over the $15,000 and get in EARLY. Definitely better to buy and hold, or trade. Just my humble opinion of course. :) I know some who swear by Genesis Mining, have an ANTMINER and they also use Hashpower something or other pool. Just not my deal. This article is very well written, and thanks for sharing.

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You are right. It is a pain in the butt. But if you can manage 1000+mh with Solar Power, that would be great. It should cost you approx 30k dollars. I would not go by Genesis. I mean they don't even let you know how long your contract will last. I too prefer trading.