If you have 20k to invest...



  • Price of BURST today is roughly .0008. Let's say it's steady and you're able to average in at that (for 20k USD total) would be about 25 million BURST. Which you can then immediately invest some into assets and increase it.

    Versus a mining rig, at 20k I'm not sure how many TB that gets you but it would take years to get to 25 million BURST (especially with increased competition and diminishing returns). Of course you could also sponsor your own asset...in the long run would the potential personal benefit from your own asset(s) outweigh the first scenario (buy BURST directly)?

    It's still not adding up to me (financially) why people are building the huge rigs before investing/buying directly?


  • admin

    @burst1 Maybe because some can use the harddrives for other things if they want to stop mining ... harddrives keep their value very well over the last 2 years for me, e.g. i bought wd red 6TB ... two and a half year ago, it is now more expensive (new), so i guess i would still get a good price at ebay for example ... or i could use it for my media collection. Mining hardware for burst is no asic like hardware, that is worth/useless without mining.
    0_1486406268836_Unbenannt.PNG

    source: http://geizhals.eu/?phist=1143813



  • I would do a little bit of both.

    Buy some coin to have it instantly and build a wicked rig.



  • 20k can do many things at once.



  • Cocain and Hookers of course, haha!

    0_1486407124206_maxresdefault.jpg

    But seriously, I would buy equipment so that I can begin applying buying pressure to the market. I would also start buying things from the marketplace with the burst I receive.



  • I would build $10K worth of non-Burst mining Rigs. You could build 4 high-end rigs and put each on a different operation and speculate, or as I like to call it risk diversification. this would be my setup

    1 - Rig : ZEC Miner
    1 - Rig: PASC Miner
    1 - Rig: Eth + SiaCoin
    1 - Rig: Eth + DCR
    And sprinkle in there a SiaCoin file server on one rig.

    That allows you to generate 5 different all coins, put sell orders up on the long and wait for a pump. When they hit I would convert to BTC and buy in chunks.

    Just my 2 Burst,

    -IceBurst



  • Thanks for the comments. Yeah, I'm not going to invest big time into any sort of rig...just not my thing. Just curious with BURST being so cheap why people are dedicating that kind of money into a rig dedicated to BURST.

    But understand the resale aspect (and other uses) may justify it somewhat.



  • @burst1 contact me and we can do a cooperation.



  • @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.



  • 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



  • 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



  • @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?



  • 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



  • Yeah...I guess I'm less of a tech/hardware guy.

    To each their own...



  • @burst1 yup it all depends on what your preference is.



  • @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!-)



  • @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.



  • @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...



  • 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.



  • @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^^


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