Mining or buying?
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Hello,
My name is Archer and I'm from Germany.
A few days ago, I became aware of Burstcoin.At the moment I mine with an old - unused - computer and a few old drives with a total capacity of round about 3 TB.
I would like to invest more in Burstcoin. Now the question arises: expand mining or buy Burstcoins? In any case, I would hold the coins.
125TB (25x Seagate Expansion Desktop (2015) + Rescue 5TB, USB 3.0 Micro-B (STEB5000201), 116 €, ~ 23.20 € per TB) would cost ~2900 €. According to the Burstcoin Calaculator I will get 41.017 burst a month with 125TB.
On the other hand I would get 164.557,51 bursts for the 2.900€...
What would be smarter?
Thanks!
Archer
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in about 4-8 months you would already get 164,557 BURST, but that depends on luck factor, and network diff, and block reward decreasing 5% every month.
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I'd mine. Four months of mining will give you the same number of Burst that you could buy, in the fifth month you're ahead.
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I do not know what I would do, there are days I think it is better to buy burst and other days I think of investing in mining.
The mining data is good, but you are wrong with the purchase, I explain.
You are assuming that you buy the burst and it is already, but this is as if you buy the miners and you do not use them, I can buy today the burst to 500 satoshi and that in a week rise to 1000 and in a week I will have duplicated The investment, are just sample numbers.So you have to decide what you want to risk because with the buy-sell you can also lose.
Comfort frees to risk.
Do not get angry, it's another way of seeing things. ;)
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@Energy what are "Satoshi"?
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@ArcherV small measure of a bitcoin the smallest infact ( after 8 digits
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okay... i think i will go with mining.
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@haitch As much as I apprec. and respect you opinion I tend to disagree on that Statement.
--nonsense deleted-- ..
With the latest issues Net Diff can only INCREASE and will - as Burst becomes introduced to more People, thus more start mining etc. . I understand that in the Long run it has nothing to do with the recent suspected Botnet case, though its a Topic. Despite of that the more sucessfull the coin becomes, the more TB of mining there will be - be it via a guy suddenly adding 3-5% of the whole Network within a day or be it with more People slowly but steadily increasing the Net Diff. In the end it makes no diff, just the Speed alters/varies this process is taking its time.
Net Diff has at least tripled within the last 2-3 weeks, but lets say doubled for the sake of it to be conservative and not fud.. There is NO sign that this process is going to be reversed anytime soon. U can talk about some progressing kondratieff Zyklus maybe. (Smallish/er ) miners will fall apart as they more and more see no Point in mining with tiny GB for virtually nothing.
Biggisher miners will face more and more competition.
I stick to my opinion as a result of this, -pure- mining Assets and their Prices on the Exchange will suffer severly until profen otherwise.. As the assumptions are based on 1/3 or even less the numbers were not only when they were issued but only 4 weeks ago. Id LOVE to be able to shorten Assets but thats a complete different Story and prob. good so.
At the same time, current market Price Burst against the $ or Satoshis is stagnating or falling - after a huge hike. AE Prices, the Investment Needed compared to how much you will mine (during the next 4 months) nobody knows. 5% decrease each month is certain, the amount of how much net diff will even raise faster - nobody knows. But the trend is upwards, noone can deny that.
Thus, where does the Statement Comes from mining is the better Option than buying and will have an adv. withing the short timeframe of only 4 months I wonder?
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@Marc Everyone has their view point.
I believe in mining the coin, and am putting my money behind that opinion.
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I think big farms will begin to demand higher sell points for their investments. I would expect the price of Burst, long term, to go up.
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the net diff expressed in PB, weekly average over the last month:
4: 32.1217
3: 42.5233
2: 48.4636
1: 56.7552looking at daily averages for the same time frame magnifies+distorts the growth:
28: 29.5712
27: 30.3402
26: 34.9577
25: 32.8571
24: 32.837
23: 30.8564
22: 33.4321
21: 38.08
20: 39.4872
19: 37.2882
18: 42.2495
17: 45.6668
16: 51.3343
15: 43.5573
14: 45.7503
13: 45.7094
12: 46.4589
11: 49.5296
10: 50.0223
9: 48.6411
8: 53.1335
7: 50.3384
6: 50.5754
5: 53.4078
4: 53.3213
3: 59.0123
2: 62.9972
1: 67.6338I will still mine and continue to add HDDs instead of buying at the exchanges.
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@ArcherV in case of being 'unsure', you can always diversify and mine and buy :) Buying always will assure you the freedom of trading...
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@vaxman Mining.
