Buying in right now will give greater benefits than mining. The reason for this is the overall value of crypto currencies over time, in relation to the mining difficulty. Over time they all equal out. Look at LiteCoin, it's mining profitability is not much, but it's constant. Over the summer, I mined LiteCoin and earned 1/3 of what I am making today. If you use those numbers it might take twice as long to pay off a mining rig.
After the block halve, it'll be twice as hard to mine, but just as easy to buy. In fact, with the olympics coming up, there'll be a whole lot more DogeCoins in demand (depending on the free advertisement) (Much Gold)
Pre-Block Halve and Pre-Sochi, I'd recommend buying coins through Cryptsy or another source (They're not even paying me for this)
After the boost from the Olympics it might be a good time to sell while the hype is cooling down. Additionally, most crypto currencies take a hit around April or May.
I keep falling into this pit almost every day. It's better to let somebody find DogeCoin naturally, let's put it this way, if somebody joins the community tomorrow, will it be better than today? It's better people see DogeCoin when it's established and when issues are resolved (Such Reference Very Bad Update) Remember, Google didn't advertise for a long time, they had the same mentality.
As more and more people start to see DogeCoin around the world, it's opening up opportunities for DogeCoin's flaws to be exploited for news related purposes.
When to buy into mining rigs
At last you're to the point in this post you might really enjoy. So I'll break it down.
DO NOT BUY DURING A HYPE (Very Caution)- Right now is a good example, DogeCoin is worth a lot to mine and people think that they can make a quick buck by buying in right now. This will pass as the price drops down and the profitability of mining will drop too.
Buy in when the component prices are low - usually a few weeks after the reality sets in for most miners that their not going to make tons of cash. Returns and sell-offs happen quite quickly then.
Follow my lead - no seriously, I've spent tons of time over the past year researching (Crunching numbers, building estimates, payoff graphs, etc.), crypto currency mining and I know that my work has paid off.
Ultimately, can tell you when I see the value of buying a rig, but at the moment, it's not worth it.
(IF YOU WANT TO BUY A RIG RIGHT NOW, I CANNOT STOP YOU) If all your going to do is complain, just buy it.
What Development? (Shibe Emmet Brown)
I am working on a few things that will be absolutely amazing. (We're talking Mind-blowing Awesomeness) but don't have the capital, so it's going to take awhile. I would go through a crowd-funding website, but people could easily rip off my idea if they had more skills in some areas than I do.
Having troubles with the website and will work on that over the weekend
The P2Pool mining node is supercharged, check it out!
Bitcoin Sports Betting, Page 8 - Bitcoin sportsbook discussion and reviews by SBR and bitcoin sports bettor enthusiasts. As the price of bitcoin and other cryptocurrencies soars, here are some regular people who dipped a toe in and already made tons of money. A Japanese court Friday hands down a verdict in the embezzlement trial of Mark Karpeles, the former high-flying creator of the MtGox bitcoin exchange, whose collapse sparked a crisis for the cryptocurrency. Prosecutors claim the high-rolling Frenchman, 33, splashed the ill-gotten proceeds on a luxury Bitcoin Sports, Blockchain News, Sliver.tv, Tencent, Theta Leave a comment WNBA Players Association Inks Deal With Sports Streaming ICO September 9, 2018 MrCrypto Buy Bitcoin Instantly With Paypal Credit - Bitcoin Exchange Mt Gox Buy Bitcoin Instantly With Paypal Credit Bitcoin Sports Bitcoin Slush Pool
Peter Vessenes: The Cause Of MtGox 202k Bitcoin Payout Delay
**On Today's Episode Of The Cryptoverse:** International hedge funds are said to be moving to purchase claims held by customers of failed bitcoin exchange startup Mt Gox. **Please Support The ... MtGox Bitcoins to BTC e Bitcoins in 50 seconds BITCOIN PRICE , BITCOIN FUTURE in doubt http://youtu.be/eO-yrpQpIT8 What is NAMECOIN BITCOIN'S First Fork http... Steve Wozniak interview: Blockchain technology, AI, Crypto, Bitcoin BTC Halving 2020 Wozniak Foundation 10,289 watching Live now Mark Karpelès on the Collapse of Mt. Gox - Duration: 1:36:04. buying bitcoins in uk buy bitcoins online uk where can i purchase bitcoins how do i buy bitcoins on mtgox buy bitcoins quickly buy bitcoin israel buy bitcoin coin buy bitcoin walmart list academy ... Time to Buy Bitcoin – RIGHT NOW? - Duration: 9:20. Crypto Daily 35,737 views. 9:20. Top 3 Bitcoin Secrets They Don’t Want You to Know - Duration: 10:34. Crypto Daily 53,720 views. 10:34 ...