I prefer only the purchase of coins, you can always find the entry point for the purchase. Mining was never considered. I have friends who mining Ethereum, with what they bought an apartment for this, and I do not understand where they will then put all these video cards.
Topic: Altcoins: to Mine or to Buy? That is the Question (Read 4449 times)
For now, I suppose, it is the best idea to buy Altcoins like fiat, you need to know, that cryptocurrency market is living now by the laws of fiat market, it is part of world economy.
Actually there is another option called staking. You can get profits from staking altcoins, no need to spend money for electricity. Simple, but more efficient.
When the price will get back to ATHs, it would be profitable to mine, but right now, the difficulty is too high and the prices are low. So I do not see the point of mining altcoins, when you can just invest in them and take profit anyway.
the multifaceted nature of mining has expanded ordinarily in that year.
As I would see it, it is smarter to pick a few altcoins and simply put resources into them on a long haul premise and trust you will get substantially more benefit than with mining in light of the fact that so as to earn substantial sums of money on mining need to put well in hardware.
As I would see it, it is smarter to pick a few altcoins and simply put resources into them on a long haul premise and trust you will get substantially more benefit than with mining in light of the fact that so as to earn substantial sums of money on mining need to put well in hardware.
I apologize for the delay of Weekly report Week #9 Report (28 JUL - 04 JUL)
| ### | MINING | ########## | BUYING
It has been three years since I entered the crypto market. But sadly I have not had any experience of mining. People and my friends suggest me to mine bitcoin, Ethereum and other famous coins. But I do not have any knowledge about mining. So at this moment, I am very much satisfied with buying and trading coins. There is no problem to learn more about him. For 3 years I am sure you could find all the information you need. I would love to do mining,especially since it is a guaranteed passive income,but the problem is that I do not have a suitable room for this.If you compare the more profitable to engage in mining or trading, then most likely I would advise you to do both of these. By synchronizing these 2 activities, you can increase your assets.
Buying coins and holding them is certainly more profitable than mining.
I have mine some altcoins. Mining is not profitable, except sometime if you succeed to mine at the very start of a coin. But price tends to fall after a certain time. So it is better to immediately sell your coin. Except if you really believe in the very long term of the coin. The cost of mining a coin is like paying the double price of a coin at the current market price. I don't think it is worth to mine any coin. I don't have any ASIC miner, maybe it is more profitable with a specialized hardware. But with a computer and GPU cards, it is not worth the investment as you have to pay your electricity bill and your hardware becomes old faster and can get burned. The explosion of mining industry in 2017 ended months ago, since the middle months of 2018. At current period, mining is surely unprofittable if you choose to mine altcoins, most of them. Especially if you choose to mine top altcoins, which have extremely high difficulties on their network, and their prices look like shit now. If you don't mine bitcoin, you should not think of altcoin mining now. Instead, using money to directly invest in altcoins now is better. You won't have to suffer uncomfortable feelings from heat emitted from mining rigs. 
I have mine some altcoins. Mining is not profitable, except sometime if you succeed to mine at the very start of a coin. But price tends to fall after a certain time. So it is better to immediately sell your coin. Except if you really believe in the very long term of the coin. The cost of mining a coin is like paying the double price of a coin at the current market price. I don't think it is worth to mine any coin. I don't have any ASIC miner, maybe it is more profitable with a specialized hardware. But with a computer and GPU cards, it is not worth the investment as you have to pay your electricity bill and your hardware becomes old faster and can get burned.
PREVIOUSLY.... I can not say exactly about the prey, because I have no experience in this area. But about the purchase of coins on the Delta Stock Exchange, I can say the following. I bought cheap coins of two projects and made a good profit, though I had to wait. Analized my experience in cryptocurrency since 2014 year I made a conclusion that PoW mining is less profitable than just buying coins ever. With several exclusions that just confirmed the rule. So what is your experience? Cons and pros of both methods to make money in cryptoworld? Now I prefer holding coins, PoS mining and other methods without noisy and hot hardware AND NOW Weekly reports and OP update soon...
If you buy from top 20 cryptos last month, you may double or triple your earning now, if you wanted to earn profit quickly, you could buy cryptos of your choice, however, a stable but small profit, go for mining.
On mining, you have to invest in hardware, internet, space and time. On buying, you only need you few of time and money.
If you mine, you should understand that the payback is very small and it will take a long time, but if you buy coins, the profit will be entirely up to you.
mining has been not that much profitable as what I have heard from this forum. I have stopped mining like more than a year ago and have been doing trading ever since, and it is very much profitable for me plus without the hassle of mining and all, so personally, I would recommend that.
It has been three years since I entered the crypto market. But sadly I have not had any experience of mining. People and my friends suggest me to mine bitcoin, Ethereum and other famous coins. But I do not have any knowledge about mining. So at this moment, I am very much satisfied with buying and trading coins. it can be learned buddy. I see my friends also have mining tools. and I also followed it. I learned from those who have done mining and managed to get more assets. at first I was hesitant, but with limited capital maybe mining was also good besides trading.
I mined for a few years, made all my investment money back in about 6 months and then the rest was profit, ended up with about 400% return by the time I decided to sell the mining equipment. It was fun and educational too. However, looking back running the numbers I would have been better off had I simply taken the money I used for hardware purchases and bought Eth directly. I do think it was worthwhile because I learned a lot by doing it and have a much better understanding of crypto and the associated surrounding issues, but if you are after profit only I personally think mining is a dead end.
Maintenance time and cost when mining is something no one every really talks about and I found in my case it was a significant piece of the puzzle. GPUs running 24/7 will lose bearings and die, connections go down, pushed upgrades from various programs that conflict with your mining settings... all of these things take time to deal with. The mining calculator websites assume 100% uptime and that NEVER happens, I'd say you are lucky with 80% uptime. So if you still run the numbers and they look ok and you want an extra hobby being an amateur IT expert then sure go for it. At this point in my life though I'd rather just dollar cost average accumulate.
It has been three years since I entered the crypto market. But sadly I have not had any experience of mining. People and my friends suggest me to mine bitcoin, Ethereum and other famous coins. But I do not have any knowledge about mining. So at this moment, I am very much satisfied with buying and trading coins.
Do what ever you need to do to accumulate more coins! Mine, earn, trade, buy, what ever is good for you and your set of skills, do it and do not regret it, our time will
come again, when alt-coins will worth a lot! Buying alt-coins is a great thing to do, but you can`t compare that with mining. Mining is investment that will generate profit as long as you have mining equipment, with buying alt-coins you will stuck with same amount, you need to buy again if you wish to grow your alt-coins. Investing in mining equipment is more expensive in first place, but in long-term it can be more profitable than just buying. Mining requires large expenditures not only on the equipment itself, but also on premises and electricity. Traders are less dependent on anything. But in mining you can calculate your profit or loss, and in trading it all depends on the experience and skills of a person
Mining requires large expenditures not only on the equipment itself, but also on premises and electricity. Traders are less dependent on anything.
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