Thinking about taking out a loan to buy an asic miner but nervous to put myself more in debt. Hard decision.
Discussion
I can't say you should or shouldn't, but if you're going to get one now is the time before things get ripping again.
I know and this is what pushes me to want to get a loan vs save up the money.
I can add that if you do, just go all the way and get a latest Gen machine.
That's what I was researching, from what I've read the K7 is the newest, and I've read it can earn 600 Canadian a month, price I found on Amazon was $12,800 Canadian. So would not take long to pay for itself. Do you know what the newest version is or where to gather accurate information on so.
I only fuck w BTC these days. Whatsminer M50S or Antminer XP. You have to remember difficulty adjustments are a part of the equation as well. And halvings!
As for a place for more info, I learned what I know from hours of reading from all the sources. Followed w some trial and error. Check out Kaboom Racks as a place to buy.
I would honestly just buy bitcoin with the loan, if you’re going to go that route
The miner is passive income and like playing thr lotto hoping to unlock a block. And I could pass it on to my son.
bad idea - unless u able get super discount price from closing mining shop