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/biz/ - Business & Finance

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7701045 No.7701045 [Reply] [Original]

I run a little business makes about 7k a month profit. Should I reinvest all of it in to crypto miners?

7k worth of miners should make about 0.5 ETH a month, by the end of the year should have enough miners to make ~6 ETH/month

>> No.7701628

ETH will be PoS by the end of year.
What does the business do?

>> No.7702271

>buying AMD gpus right before bitmain releases eth asic
>eth goes PoS in a year anyway

not a good idea senpai

>> No.7702315

>>7701045
would be better to invest in crypto currencies directly imo
unless you're going to be mining a really young coin

>> No.7702580

>>7701045

OP, only if you got free or almost free electricity. I would still not do it, instead take 1k each month and buy coins.

>> No.7702722

>>7702580
>>7702315
>>7702271
>>7701628
>>7701045
Too much FUD for it to be a bad idea

>> No.7702941

>>7701045
>>7702722
Mining is not a bad investement, but mining the giant coins isn't the most optimal way.
Hopping from shitcoin to shitcoin is way more profitable if you make a bunch of calcs.
People who keep mining giants are companies with mining contracts.

>> No.7703702

>>7701045
TFW eth is no longer going to be minable soon

>> No.7703763
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7703763

>>7701045
fucking hell that gif is WORLD CLASS