Whats wrong with this idea? Someone shit on me please before

It's better to just buy the coins outright and wait.

>>1876514
A lot of the more valuable coins don't use SHA256, and I can only imagine newer currencies that want to protect their distribution will continue to use newer algos or create their own to prevent BTC miners (who will be out of a job after the hard fork) from using their million dollar farms to snap up 100% of a currency.

>>1876543
I just did some quick math and you buy 10 S9s for 13K usd, you can produce 70$/day in PPC
Itll take around half a year to get your 13K back and from then on its all profit. Seems easy enough and more lucrative than investing in shitty coins and hoping they go up

>>1876585
how much power are they sucking tho?

>>1876585
But investing in shitty coins and hoping they go up is exactly what you would be doing if you did that.

I ran a small btc farm a while back, was profitable in the end because of the big increase in value, but had I just bought and held would have made twice as much with none of the fucking around.

>>1876613
well not really, because you can sell all the coins you make daily/weekly/monthly, etc.

>>1876659
what hashrate was your farm mining at? Did you sell off the equipment in the end?

>>1876514
I still think that buying the coins is almost easier and yields the same results as mining.
If anything buying is more powerful because it's instant. Mining takes a while. Unless you manage to mine 0.01 of Pascal in 30 mins and sell it for 300 BTC. The only pro is that you don't risk money anymore, but you also can't earn 100x of your invested money.