I shop for the best dollar to giga hash ratio. There are a lot of factors to consider in order to maximize your profit.
One factor that was hard to verify was the time it would take to get my new Bitcoin churning device. Time to ship and time of arival. I though that since the company I chose was located in Texas, this would be preferable to the company located in California. Because it would take less time to arrive to me.
Time is money in the bitcoin world. The more computational power used to create bitcoin the harder and longer the process takes when you don't change your hardware setup. Its a race for getting the newest more powerful problem solving hardware and getting it set up to in time to pay for itself before it becomes obsolete. The increase in the number of people and the quick advance in tech that is being rushed out to market makes this operation risky.
The company I picked in Texas was a mistake. They aren't even going to even ship it too me for a week and even then i will have to wait for the item to arrive. Obviously this person has no idea how the bitcoin world world. He is just doing commerce on the web. I will make this point on the Amazon rating system you can believe me on that.
On top of that I am the kinda of guy that does not like to have electronics sitting around that works perfectly well and cost me a great deal of money and is obsolete. I don't like throwing away a perfectly healthy baby.
In this case I believe I would sell the device to an entry level hobbyist who would like to get into the bitcoin game, on the cheap, before the device becomes completely useless.
This would be my solution.
After all, these new products being used to create bitcoin can do nothing else.
I went to a Cloud Mining service. Its kind of a stock exchange in GigaHash power you can use to make bitcoin. It's a company in the top ten of bitcoin companies. I considered using there services as an alternative to having as they say in the bitcoin world, "Metal on Shelf".
Then I talked the the people at this service. I asked how anyone can make money in this service with all the fees that they have. They have a fee for wiping your own butt. One guy told me, "if you aren't going to buy big and and sell big, get out". Rude! The chat box their is filled with unhappy people who buy big sell big and seem to hate every minute of it. Its like being in Alice's Wonderland. People are unhappy, make no sense and they have nothing better to do than make the new arrival feel uncomfortable.
Out of the rabbit hole and into a similar service provider. Bit Coin Cloud Solutions . Here you can buy Giga Hash at half the price it is offered for at the previous company mentioned. It's a pleasant experience.
I will warn you though they are new. And remember this is an Investment. There are no guarantees in life. I can say though that this is where I put my 60 dollars. I bought 31 Giga Hash for 5 years with that. If everything looks good after about a week I will invest more.
I calculate a return on investment in about 6 months. Remember this is my best guest and I am not an Investment advisory so invest at your own risk and try not to invest what you can't afford to loose.
I love the fact that there are no hidden fees. This lowers the risk for me and after 5 years I can walk away from the investment.
So what do you think? Do you have enough money to INVEST in bitcoin?
Let me know in the comments below and feel free to present any questions you might have and I will get to those comments as quickly as I can.
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