I went to evaluate a potential mining location and the commercial realtor commented that my car was an older model year for someone getting rich mining Bitcoin.

He was wearing $2,000 cowboy boots and drove his Mercedes into an absolutely filthy environment to show me the site.

I could have tried to explain, but…

Reply to this note

Please Login to reply.

Discussion

Speculator doesn't understand how this world works!

I see you have a good grasp of models and prices of cowboy boots... πŸ€”πŸ˜…

I actually don’t. He told me about the boots and the Mercedes looked newer but I have no idea LOL.

Well, that reveals something about a person alright. If they talk about how much their boots cost... πŸ€”πŸ˜…

I have been going down the rabbit hole of mining lately. My problem is I typically go for all or nothing. I want to start mining and I know I should start small, but that is just not in my DNA.

That is definitely a risky approach mining Bitcoin. I would have been way more successful if I had started small.

Would you recommend starting small with hosted miners, since electrical cost would be less? My thought is to pay the higher rates (still profitable) and mine at home.

Personally I would not do hosted unless I was a part owner of the site and could physically inspect it and whoever was running it. Depending on your electric costs, timeline and goals, mining at home can be a great option.

πŸ™

I sooo know what you mean…