If you have 20k to invest...
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@iKnow0 said in If you have 20k to invest...:
@burst1 contact me and we can do a cooperation.
Thanks. But not looking to invest into a big rig myself.
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Well the fundamental flaw with going purely mining rig is that your rig would be HDD focused instead of GPU focused thus limiting your mining options
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You can do what you want but here's the thing if you get a rig/assets then you get a constant stream of passive income where as with just buying burst directly you are at the mercy of the market price for both Burst and BTC
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@socal said in If you have 20k to invest...:
Well the fundamental flaw with going purely mining rig is that your rig would be HDD focused instead of GPU focused thus limiting your mining options
So why are people seemingly doing this?
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Because buying a HDD is much cheaper than buying a GPU and also maybe they support this coin enough to actually mine it and secure the network
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Yeah...I guess I'm less of a tech/hardware guy.
To each their own...
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@burst1 yup it all depends on what your preference is.
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@burst1 said in If you have 20k to invest...:
Yeah...I guess I'm less of a tech/hardware guy.
To each their own...
I guess I'm more of an tech/hardware guy.
That's why!-)
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@burst1 With 20k you could get 2666 TB at $30 per tb. If you fully optimize your plotfiles, you could make 130k burst per day. At the current difficulty, it would take 6 months to make 25 million. But this is with current numbers, it will always change.
I prefer to buy mining hardware, because it removes the risk of losing significant funds by transfering my cash into a volitile currency. If I was going to invest 20k, I would still purchase some coins, maybe 5k worth, and spend the rest on mining equipment.
Thinking practically, I have a 140tb mining rig, and setting up all those drives takes months, not to mention the optimization process. I would think that it would take a long time to plot 2666TB. It would be necessary to purchase separate computers for GPU plotting and for the mining rigs.
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@caligiuri said in If you have 20k to invest...:
@burst1 With 20k you could get 2666 TB at $30 per tb. If you fully optimize your plotfiles, you could make 130k burst per day. At the current difficulty, it would take 6 months to make 25 million. But this is with current numbers, it will always change.
Yeah...20k for 2666TB doesn't take into account other hardware/parts needed though correct? Obviously depending on what you may already have...
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Hmmzz 20K
Just going all-in fomo buy burst :P (just kidding)
For real:
Doing nothing different as what i do now.
Investing and trading in different coins.
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@caligiuri I think you did mistake in calculations^^
For 20k you can get 667TBs at 30$ per TB (Probably could get better price for buying this much?)
with 667TBs reward for mining would be approximately 1'035'218 Burst. Also you would need powerful computer to plot and run it. if Burst price won't get higher (I'm almost certain it will) it would take you about 3 years to ROI (block reward decreses each month and diff increases).
All in all I would recommend investing around 20% in hdds, freeze 30% in burst and buy assets for rest^^
