So I could buy a rig, and earn ETN (Coin chosen for this discussion) or do I put the money as a straight investment and HODL.
What and why?
Here is how I see it...
If I buy €2500 of ETN at the rate now, I would have 13.5k ETN
If I HODL this for the next 5 months (150days) and lets say it goes to value €0.50 **(just as a random number) then I would have €7250 and would have made €4750 profit. (THATS IF IT GOES TO THAT PRICE, if it doesn't I'm in greater or less profit)
Lets say I take the mining route:
I buy a RIG worth €2500, and I start to earn 200ETN per day at its current value and if the price was to fluctuate around its current value it would take 207 days (give or take) to make money back and earn €4750 Profits (estimated 35€ per day) and comparing figures over 5 months straight investment.
If the value of ETN increases, will the return per day remain the same? Or will the hash/rate be equivalent to 35€ per day. .
Also minus electrical costs.
If the income decreases per day, I could always switch to another coin to mine, and convert.
Who has the answers? What are your opinions?
