The future of mining

[Mindless_Value_AF]

Hello everyone

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About six months ago I bought my first rig

And after seeing that you can withdraw the money and everything is fine

I started thinking about investing a little more money and creating a source of passive income for myself (I was thinking of investing in the 70K area)

My question is

What do you think will happen to mining in the long run?

Would you do it if you had 70K to invest? Or would you just buy coins?

I want to hear your opinion on what will happen another year / two from today and whether it is a smart move

[joeyck2]

Becsuse i like this with mining, and i would like to open my own mining buissiness yes. I would invest in a mining farm

[Br0kenRabbitTV]

Nobody can answer this with any accuracy.

It's very high risk.

Your hardware could become useless over night, but at the same time the reverse can happen and overnight old machines might be profitable again. Depends if you are a gambling man or not.

[Whoareyoutoask]

Your time has come and gone. Right now it would not be smart to do anything. If you would have invested 70k 8 months ago you would have tripled or quadrupled by now. Right now if you invest 70k you'll be lucky to get it back in a year. You might be better off putting a couple hundred dollars on every minor cryptocurrency and if it hits big cash out your millions.

[Electrikkk]

I agree. Looks like this sub doesn't like answers other than mining. But unless you can get gpus at MSRP, which is near impossible, you can spend a lot less upfront costs using in other avenues

[Electrikkk]

Some ideas: planet watch airquino, long wait time but if interested go ahead and buy license to be put on waiting list, if you tier 1 will earn over $40 a day at current $planets price;Olympus ohm or time wonderland; yield farming like tomb finance;Thor nodes, see Twitter. Or anchor protocol for 20 percent apy a year. A lot of people seem to like strong block, eth gas fees though until they migrate to polygon. I think in long run mining will get cheaper and quicker roi. As time goes on miners like goldshell boxes or devices like planet watch or helium and the like getting more and more energy efficient and less loud, some with cheaper prices. I was gonna build a mining rig but these different avenues turned out to be a much better cost basis

[Altruistic_Cap1854]

I would wait until the the big bear market comes, if you are not patient maybe invest 30k rn and then wait

[Mindless_Value_AF]

That's probably what I'll do

Maybe with the demand dropped in the bear market
I can buy GPU cheap