Would I invest $2,000 in Cryptos (Buying / Trading / Mining) in 2018

Updated: 18 January, 2018 seen 594

I got a phone call from a friend, pretty strange phone call - friend was asking what would I do if I had spare $2,000, where would I invest them to make about $300/mo

After the $300/monthly figure for me, it was clear - a friend is most probably talking about cryptos, and more probably about crypto mining. As I've been covering many articles on cryptocurrency investment lately, the phone call didn't come as a surprise.


I decided to see, what if we would put $2,200 into HashFlare.io cloud mining how much hash power we would get, right now as of writing this $2,200 would give 10TH/s.

HashFlare.io (Affiliate link here - if you will click, register and decide to invest, I might earn 10% commission from that)

Please, be extra careful when investing in cloud contracts or cryptocurrency, these are super risky investments - never invest more you can afford to lose.

Next stop Bitcoin Mining Calculator, and for the surprise indeed a small $2,200 investment could give about $300/ monthly

Bitcoin mining calculator

Bitcoin mining calculator

Disclosure: Mining metrics are calculated based on a network hash rate of 15,947,797,924 GH/s and using a BTC - USD exchange rate of 1 BTC = $ 9,488.74. These figures vary based on the total network hash rate and on the BTC to USD conversion rate. Block reward is fixed at 12.5 BTC and future block reward reductions are not taken into account. The average block time used in the calculation is 600 seconds. The electricity price used in generating these metrics is $ 0 per kWh. Network hash rate varies over time, this is just an estimation based on current values.

Hypothetical ROI for such $2,200 investment would be ~ 205 days or little less than 7 months. Taking into account that cloud contracts from HashFlare last just one year, there would be 5 months left to generate profit. On the other hand in crypto space - 7 months is a lot. It's impossible to predict what would happen after 7 months (July 2018). Despite high ROI, you are still risking a lot if choosing cloud contract. 

Another option would be to purchase equipment your self and start your mining rig, for bitcoin mining you would need to look on AntMiners, the cheapest I was able to find listed on Amazon was for about $1.5K Antminer S7 ~4.73TH/s @ .25W/GH 28nm ASIC Bitcoin Miner.

Antminer S7 ~4.73TH/s @ .25W/GH 28nm ASIC Bitcoin Miner

Antminer S7 ~4.73TH/s @ .25W/GH 28nm ASIC Bitcoin Miner

With 4.73 TH/s hashing power you would make slightly less than $300 per month (about $151 as of writing this). More powerful (and more profitable) antminers will cost more. See Best Selling Products from Bitmain

As actually been involved in crypto mining, with current investment at about $1,365 I'm mining other altcoins (Ethereum and Siacoin). I'm not making anything close to $300 yet, but answering on this article's topic - Would I invest $2,000 in Cryptos in 2018 - I already do.

Small 3 GPU mining rig

Small 3 GPU mining rig

In fact, I have a several crypto investment strategies - buy and hold once in the month (dollar cost averaging), day trading/swing trading (Altcoin Trading Review 5 Months Later), GPU mining rig and Cloud Contract from Hashflare.io.

It might seem that I'm very exposed to the cryptos, but in fact, cryptos are just the part of my broader investment portfolio.

Investment Portfolio at the end of 2017

Investment Portfolio at the end of 2017

At the end of 2017, crypto investments took more than 33% of the total portfolio, second largest position after stock investments. When I started to explore crypto investments I thought to limit them to around 5%, but soaring price gains at the end of 2017 pumped it up to 33.4%. Both scary and awesome.

2017 in Review and Financial Goals for 2018

The Bottom Line

Now, is it smart to invest $2,000 in cryptos in 2018? It depends on do you have some extra free money you would be ready to lose (and lose it fast). Cryptos are like a roller coaster - huge ups and even greater downs can happen in just a matter of hours. 

Never invest more you can afford to lose.

If you are new to crypto, I would most probably recommend buying some cryptos directly from Coinbase and I would highly suggest a dollar cost averaging approach. Split your initial $2,000 into 12 and buy once in a month - that would be about $166 investment monthly.

Affiliate link here: If you are just planning to acquire your first bitcoin, litecoinethereum or bitcoin cash, consider to register at coinbase.com with this link, once you buy or sell $100 (€85) of digital currency or more, we will both get $10 (€8) of free bitcoin.

Please note - I'm not a financial advisor, services mentioned in this article use at your own risk and remember your capital is at risk, you could lose some or all of your money.

If you are interested to explore crypto mining without much technical knowledge - an option is to use cloud mining contracts, HashFlare.io for example.

HashFlare.io (Affiliate link here - if you will click, register and decide to invest, I might earn 10% commission from that)

If you are tech savvy you could go with building up your mining rig. See: Building a 12 GPU Ethereum Mining Rig From Scratch - Part 1: Ordering Details

Are you a crypto investor? Trader? Miner? What would be your recommendation to invest $2,000 in? Leave a comment, readers and I would love to hear.