RE: Why Mine BITCOIN?

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Why Mine BITCOIN?

in bitcoin •  7 years ago  (edited)

Except that most people don't have $6,000 to buy a new miner rig, so for them it's a LOT better and easier to sign up for online mining.
Yeah, investing $1k to get $4k worth of bitcoin over 12 months is not worth it. RIGHT? lol

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7 years ago by

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      ·  7 years ago 

    i meant if you are having an X amount you want to invest better , invest that directly in buying cryptocurrencies . the profitable yield will be higher for you .

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        ·  7 years ago (edited)

      absolutely agree with you @piyushpurwar. It takes 4 months to break event if we buy $ 6,000 mining rig and we haven't calculate the electricity cost yet. The difficulty that always rise significantly make our ROI longer than expected. Currently... it's more profitable to invest in great coins such DASH, XRP, Ether, etc. My experience by doing this, my investment increase 1,000% in only 2 months

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