Well, now I would like to start an experiment: What will be better from the current moment: buy a mining hardware or buy cryptocurrency.
In real I will not buy mining hardware because I already have it.
So I ask to estimate my mining farm in usd:
The config looks as follows:
GPUs: 8xGTX1070, Tri-slot Palit SJS
MoBo: Asus Prime z270a
CPU: Pentium G4400
RAM: 8Gb DDR4 Kingston
Hard Drive: SSD 120Gb Kingston
Case: myself-made 8GPU case
7 USB Risers, 18 fans 120mm Delta AFB1212ME
PSU: 1600W SuperFlower Leadex Gold
Lets imagine that I bought that hardware now at current corresponding prices.
The same amount of funds I will invest in altcoins
And after year of earlier or later it will be possible to estimate what the way is the best.
I think weekly or monthly reports will be enough
I would like to know your opinion)
Topic: Altcoins: to Mine or to Buy? That is the Question - page 10. (Read 4441 times)
Its on a personal basis. It relies on the investor to decipher whether to mine or buy. In my opinion, altcoins prices are low on the market now so it's not a good idea to mine at this time. Instead buy these altcoins and hold them for profits later.
Mine or buy, actually if i can mine i will choose mine, the reason is simple because we earn coin every time, every day, yes less but always. Diffrent if buy, we can easy earn so many coin but after we sell it all gone, sometime we want sell high than buy back with low price but the price keep grow and we lost it.
Altcoins are now so cheap that mining doesn´t make any profit and mining them now and selling late for a profit is not better than buying them now and selling them later. Because think about the costs: expensive hardware, electricity fees and time. Rather by some coins now and forget about them, come back later and enjoy your profit. 
Just what appears to attempt to mining consolidated projects ends up causing this disillusionment with PoW, but have you ever thought of speculative mining? If you have interesting mining capacity and a nice cost of electricity so you can practice it, you'll probably do great deals if you're clever. I did a speculative mining with Bridgecoin in 2017 and the result was insane. I had problems with other coins too.
Yes, I do not think that mining is profitable today, large projects continue to do this because 5% is a profit and no one will stop but small farms have already died. Or you are a giant or do not mine.
And if I'm wrong, then where is your profit brother 
Just what appears to attempt to mining consolidated projects ends up causing this disillusionment with PoW, but have you ever thought of speculative mining? If you have interesting mining capacity and a nice cost of electricity so you can practice it, you'll probably do great deals if you're clever. I did a speculative mining with Bridgecoin in 2017 and the result was insane. I had problems with other coins too.
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
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
I agree, profitable now pos mining, there are no large energy costs.
But there are some nuances:
- you need to keep your wallet online 24 hours a day
- amount on the balance of at least 1000 coins, and if the masternode is more.
- not cheap equipment. Raspberry is not suitable since there little RAM, necessary suitable pc, laptop or intel nuc
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
First of all, it would cost a lot of money for anyone to be able to buy and maintain a cryptocurrency miner, so I believe this question is for the whales in the space, because an average person might not be able to afford a miner and I think buying is the best option for that person.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
Buying is more easier than setting up miners because buying can be done with any amount of money but miners not huge capital to get good returns.
best option will be to buy than to mine especially when you don't already have the hardware equipment to start mining and you are thinking of purchasing one for the purpose of mining alts, this will require more capital which will be more than enough to pick up some good alts that will most likely do well in the long run.
I think it is better to buy them it is much more easier if you just want to hold some of them,
But if you want to earn consistent crypto then invest in a mining hardware but it would really cost too much .
You would need to maintenance it to make sure that it is working properly and make sure that it is in a good condition .
But if you are into PoS then you don't have to do anything if I am right you could get some more if you just hold it for a period of time.
But if you want to earn consistent crypto then invest in a mining hardware but it would really cost too much .
You would need to maintenance it to make sure that it is working properly and make sure that it is in a good condition .
But if you are into PoS then you don't have to do anything if I am right you could get some more if you just hold it for a period of time.
I prefer to buy coins than to mine, this is because my electricity cost is not low and I can’t break even. Another reason is because it is more straight forward to buy rather than mining for a period of time.
The market really need more miners now and I will implore that we don’t discourage people that would want to mine if they have the money and they can afford to wait for a very long time to reap the fruit of their mining.Because, I don’t think mining is really profitable in this bear market as I have read online several times where some miners are quitting mining due to loss they are having in this bear market as a result of the high cost of operating it now without any or much profit. The best time to go into the mining business is when the market is bullish; otherwise, we just keep buying coins and keep it for now.
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
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
Of course mining is less profitable than trading, because all cryptocurrencies are in the bear market.
Logically, if mining not profitable anymore, many miners will stop mining and the difficulty will decreasing, so we can mining with higher rate of incomes,
but even it is not too profitable, miners keep mining coins and and the difficulty is not decreasing too significant.
So, i agree that buying coins and trading will be more profitable if you gain.
In this present market situation it is good to buy, because what you spend on setting up a miner is big. With the same amount you can make a big investment on different altcoins creating a strong portfolio. This will give a big growth on the investment based on the analysis you made on selecting the appropriate altcoin for investing.
To mine will give you something to maintain.
Also, you need to consider the expenses! how much you will spend for the unit, you need to keep it cool so you need some air for it.
Is the power cost on your country cheap or not? If this will not be good for you then just use the money to buy and trade in the market.
Also, you need to consider the expenses! how much you will spend for the unit, you need to keep it cool so you need some air for it.
Is the power cost on your country cheap or not? If this will not be good for you then just use the money to buy and trade in the market.
it is easier to buy altcoins than mining, because mining is expensive we will have to take about the energy and PC hardwares price and will cost us a huge money before having profit from mining and the token we mine can not guarantee we will have profit in the future, so i think anyone dont have much money should buy Alrcoins.
In my part, I would prefer to buy altcoin than mining. Had tried mining, though it is somehow profitable, buying and trading altcoins do too plus less maintenance, room heat, and noise. It also saves us from the trouble of building or setting up rigs for mining.
Setting up and maintaining mining rigs is not fast and easy process. For maintaining you need special tools like air compressor to remove dust from radiators also you need respirator to protect your own respiratory system.
Most of beginners in mining don't think about it.
In my part, I would prefer to buy altcoin than mining. Had tried mining, though it is somehow profitable, buying and trading altcoins do too plus less maintenance, room heat, and noise. It also saves us from the trouble of building or setting up rigs for mining.
I will choose to buy, because last year i bought mining equipment and is not worth to mine, because i lose money because electricity price is too high, and not worth mining anymore. Maybe worth mining only if you can buy solar panel and produce own electricity, but also on this case will take a lot of time to recover investments if the price not grow.
Solar planes is too expensive. The investment to that eneregy source will increase payback time dramatically. And It is too few sunny days in my place. But I've enough cheap electricity about 0.05-0.06$ per kWh.
And now I really have to mine coins. Exactly have to. Because I already have mining hardware and can't sell it. Recently I tried to sell some GPUs and it's really hard to do that. The market of used GPUs is supersaturated.
So I have only two ways: to sell my GPUs very cheap or to continue mining and wait price growth
there are may altcoins nowadays and not any altcoins have potential for us to use our money in mining that altcoin because mining is not cheap, we need Pc hardwares and electric to run a mining farm, if the token we have mine bring us low profit or no profit at all, then we should not mine, rightnow, bitcoin and ethereum is one of the most popular crypto can be mined and still bring us profit, and with other altcoins we should buy.
Mining is really hard because you can possible to lose your capital if you do not know of what you are doing. It depends to you where are you feeling comfortable to do. Because other people must prepared to mine altcoins because they have lot's of knowledge but other people really do not how to mine so they will be able for them to buy only a coins and not mine and also I do that.
Jump to: