Yeah I heard about that. If you don't mind me asking, what was your investment and what is your daily earnings? Just trying to see if it is viable and what the ROI would be with current market pricing.
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Yeah I heard about that. If you don't mind me asking, what was your investment and what is your daily earnings? Just trying to see if it is viable and what the ROI would be with current market pricing.
I'm only a "minnow" on there too haha - I've only put in $550 so my daily earnings are only about $3-4 daily depending on the price of BTC / mining difficulty. It looks as though it will easily double my money by end of year though and that is with Bitcoin price having gone down quite a bit since I joined. So once its up I think will easily triple my money.
Am currently reinvesting as I go as well so that should bring the price up a fair bit too.
Nice! The thing that I keep going back to is yes, mining is steady income. But at $3-$4 a day, that puts you at 0.007% per day (using $4). You can make that easily in one swing trade, even during bearish markets (I have been swing trading across 5 coins heavily during the bear market). Furthermore you could lend it on Poloniex at the same rates for much less risk. I guess if BTC goes up to 30k like they are predicting though you would be looking at a bit more.
0.07 I think? But thats only because I bought the hashrate when bitcoin was higher. Fair enough, if that works for you. But I'm not a trader, I dabble but I'm not a professional so i'm more likely to lose on trades more often. So I think I see mining as part of a diversified portfolio risk wise for me :)
Ahh, yeah I can see that. Technically the rates from mining are still better then the stock market, show me an investment from a bank or brokerage where you can make that % in a day!!!
Tell me about it! I'm trying to see crypto as a more lucrative savings account in general... one where some days I will have lots of savings and some I will have a lot less haha