Better to mine or to buy ? - page 2.

freezzeer

full member

Activity: 451

Merit: 100

If you have good sources like good graphic cards or low cost electricity you can mine.But in these days buy low and sell high better than mining,

Count Basie

newbie

Activity: 12

Merit: 0

Mining Bcoin takes too much time, and you spend more money than you earned Tongue

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galestorm

sr. member

Activity: 448

Merit: 251

Futurov

I think you should stick to mining Acoins since what you've said is that the chances of gaining profits is high but if by any chance that its rate starts to decrease then i think you should switch to Bcoin. As long as one of those coins can recover the expenses used in mining, one particular example is its electricity, then you're good to go. If not then i guess the best option here is to just invest on it and see where it leads you to.

zomgmike

newbie

Activity: 31

Merit: 0

Is anything stopping you from doing a little of both, OP?

Nicol3

sr. member

Activity: 420

Merit: 250

I think it is better to buy any coin rather than mining not unless you have lots of money to pay for the electricity. I don't think it is practical to mine if you're after the profits you get from mining, instead of paying it with the electricity you used for mining; better invest it and buy it with the coin you think will be a good coin in the future.

mostkey

sr. member

Activity: 742

Merit: 253

Quote from: valminefirst on February 16, 2018, 08:38:33 AM

Hi everybody,

I'm asking myself a question for 2 weeks. I'm mining a profitable coin (let's call it Acoin) and I want a Bcoin that has a lower profitabilty but I think it will grow a lot in this year.
Is it better to mine Bcoin ? or mine Acoin and buy Bcoin with the Acoin mining ?

Thanks for your opinion

depending on what you want, but it would be great if you have both. I mean, you can mine Acoin and you can buy Bcoin. That way you will have both. Because basically the advantage can be obtained from the highest coin prices.

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

Quote from: valminefirst on February 16, 2018, 08:38:33 AM

Hi everybody,

I'm asking myself a question for 2 weeks. I'm mining a profitable coin (let's call it Acoin) and I want a Bcoin that has a lower profitabilty but I think it will grow a lot in this year.
Is it better to mine Bcoin ? or mine Acoin and buy Bcoin with the Acoin mining ?

Thanks for your opinion

Your best bet is to join a mining pool - they switch miners to profitable coins automatically for you, depending on the difficulty and the price.

ralle14

legendary

Activity: 3374

Merit: 1922

Shuffle.com

The best move imo is to stick with mining Acoin because of the higher profitability. If the difference are so minimal like less than 5% I would switch to mining Bcoin. Risks are still high with mining Acoin though because conversion rates could suddenly go down. If you strongly believe that Bcoin would grow this year then go for it I think that's a reasonable decision why others still mine different coins.

valminefirst

newbie

Activity: 2

Merit: 0

I already have a miner, I mine everyday.
I'm making 1 Acoin a month, so is it better to sell this 1 Acoin and buy Bcoin with. Or directly mine Bcoin ?

Acoin profitability > Bcoin profitability

paxmao

legendary

Activity: 2366

Merit: 1624

Do not die for Putin

Depending on the coin, the price of electricity, the time you have to dedicate to mining, the type of coins you have in mind, the views of the people that share your house or garage, .... If you are in doubt, buy. Mining takes time.

valminefirst

newbie

Activity: 2

Merit: 0

Hi everybody,

I'm asking myself a question for 2 weeks. I'm mining a profitable coin (let's call it Acoin) and I want a Bcoin that has a lower profitabilty but I think it will grow a lot in this year.
Is it better to mine Bcoin ? or mine Acoin and buy Bcoin with the Acoin mining ?

Thanks for your opinion

Topic: Better to mine or to buy ? - page 2. (Read 226 times)