Easy checklist if mining is right for you
1) Do you have cheaper electricity compared to the rest of the world or at least comparable?
2) Do you have storage space and could you put up with the constant droning mining rigs make?
3) Got plenty of spare time on your hands to maintain your rig vs investing in tokens and just sitting back?
Also add into the fact that new technology could invalidate your entire rig at any moment in time and I think you have your answer.
Topic: Crypto mining versus buying coins for the same amount of money (Read 243 times)
(IF) I have $100k to invest into crypto, what would you suggest:
1) Invest into mining equipment and start mining?
2) Buy crypto currency and wait?
Which way is better to get higher output or is mining still profitable?
1) Invest into mining equipment and start mining?
2) Buy crypto currency and wait?
Which way is better to get higher output or is mining still profitable?
Mining is very difficult to put on the stream, as there are a lot of technical nuances associated with it. For pure earning money it is better to just engage in trade.
I have set up a small mining machine and invested a good amount of money but as of Now I am not too delighted with the results of mining but you never know on a long term basis mining might provide good amount of profit let's see.
Mining is a profitable thing, especially when you build large volumes of farms,and small ones are not profitable!Poidee cue ball will continue to be higher than growth, and demand respectively will be higher,so now around the world there were many miners, as a profitable business, it would not be profitable to do so much
(IF) I have $100k to invest into crypto, what would you suggest:
1) Invest into mining equipment and start mining?
2) Buy crypto currency and wait?
Which way is better to get higher output or is mining still profitable?
1) Invest into mining equipment and start mining?
2) Buy crypto currency and wait?
Which way is better to get higher output or is mining still profitable?
Mining is very difficult to put on the stream, as there are a lot of technical nuances associated with it. For pure earning money it is better to just engage in trade.
If you are interested in mining of top coins, it has very little meaning, because the current price is almost correlated with the break-even point and almost unprofitable.
Buying is faster but more risk involved.
Mining is much slower but less risk involved because your cost is usually only electric.
Mining is much slower but less risk involved because your cost is usually only electric.
It is always depends on you but My suggestion is if you want to invest $100k in crypto, then you can invest your 50% of amount in already established top ten coins, and 50% of your investment used for mining because mining gives you stable returns in long term.
(IF) I have $100k to invest into crypto, what would you suggest:
1) Invest into mining equipment and start mining?
2) Buy crypto currency and wait?
Which way is better to get higher output or is mining still profitable?
1) Invest into mining equipment and start mining?
2) Buy crypto currency and wait?
Which way is better to get higher output or is mining still profitable?
I believe buy crypto and wait is the best option, I'm not suggest mining because it's look simple but mining equipment is expensive and patience in long term period really needed. For buy crypto, you only need do some research to replace your money ( split it in some coins ) and use martiagle money management to anticipated long term period down trend. As long you have patience, this simple strategy will give you income. Try it and good luck.
I think if you have $100k to spend, you would know what to do and not ask here.
If you don’t know what to do with $100k, I would suggest to hire consultant, that can make you a good investment plan and walk you thru the obstacles and risks.
If you don’t know what to do with $100k, I would suggest to hire consultant, that can make you a good investment plan and walk you thru the obstacles and risks.
(IF) I have $100k to invest into crypto, what would you suggest:
1) Invest into mining equipment and start mining?
2) Buy crypto currency and wait?
Which way is better to get higher output or is mining still profitable?
I have been mining now for some time and hence I think I am qualified to answer this. If I could go back in time and undo buying the minining rigs that I did, I would not think over it twice. Mining is not easy. First you have to find new coins which have great fundamentals and are POW based to mine. These days there is lots of competition and there have been instances where the coin is mined even before it is introduced on bitcointalk and when it is introduced here many people rush in to mine it. If you think you can make money mining normal coins such as ETH ETC or KMD etc, you are mistaken. With the same amount of money that you buy cards you can easily buy more number of coins that the rig will ever mine, especially now that the prices are so down. Lastly, consider the cost of electricity and time that you will have to spend maintaining your rigs. 1) Invest into mining equipment and start mining?
2) Buy crypto currency and wait?
Which way is better to get higher output or is mining still profitable?
Before deciding Mining or Buy some coin, we must know the advantages and disadvantages.
Mining
- the advantages of miner is we will get a definite and measurable result of the capital we invest.
- and the drawback is we should be more patient because mining is a long term investment.
InvestCoin
- the advantage of coin investment is that we can profit in a short time by trading. (note : we must have a good analysis of the market)
- and the drawback is a high risk factor, if we are less experienced and do not have a good analysis, we can lose our investment.
all there are advantages and disadvantages, if we want to mine, we must survey the mining equipment that we will use and prepare funds for maintenance. And if we want to buy coins, we must study the current market and have to be careful of price fluctuations.
Mining
- the advantages of miner is we will get a definite and measurable result of the capital we invest.
- and the drawback is we should be more patient because mining is a long term investment.
InvestCoin
- the advantage of coin investment is that we can profit in a short time by trading. (note : we must have a good analysis of the market)
- and the drawback is a high risk factor, if we are less experienced and do not have a good analysis, we can lose our investment.
all there are advantages and disadvantages, if we want to mine, we must survey the mining equipment that we will use and prepare funds for maintenance. And if we want to buy coins, we must study the current market and have to be careful of price fluctuations.
Honestly I think setting up your own mining rig and everything is just too much work and time-consuming.
Investing on the other hand is way faster and safer IMO.
Investing on the other hand is way faster and safer IMO.
(IF) I have $100k to invest into crypto, what would you suggest:
1) Invest into mining equipment and start mining?
2) Buy crypto currency and wait?
Which way is better to get higher output or is mining still profitable?
1) Invest into mining equipment and start mining?
2) Buy crypto currency and wait?
Which way is better to get higher output or is mining still profitable?
I would just blindly rule out the first option and go with the second as mining is getting harder with the best coins in the market because of the unrelenting new rigs joining the pool on a daily basis. Don't forget, you need high power rigs which can get you nice hash rates and settle for nothing below it.
Instead of that, do market analysis on a daily basis and make yours picks with the knowledge at your disposal. It's definitely risky but much better compared to looking after a mining plant which doesn't even put you at competition at earning as much as the highest rigs do.
I think buy altcoins better way. Cos for good mining profitable u need a lot more money than you have. But when u invest its more risky then mining. So mabe u can mine GPU currencies (that have asic resistance)
"Invest is more risky then mining" - but what happens when they change to proof of stake in e.g. one year and all the mining power is useless then?
I prefers buying of coins rather than crypto mining because crypto mining requires huge hardware and electric powers or mining and also skills to use them.So my opinion prefers buying the altcoins and hold them for good returns in future.
I think buy altcoins better way. Cos for good mining profitable u need a lot more money than you have. But when u invest its more risky then mining. So mabe u can mine GPU currencies (that have asic resistance)
I think it would be more productive if you buy some coins and store them, rather than if you had to build a mining tool and it takes a very long time and cost to cover the initial capital you spend, especially now the market is being corrected and the time is right for you to spend on existing assets, see CMC if you want to invest with a small risk of investing better in coins on page 1 in CMC.
dont waste your money if you cant get risk
if seen from the potential of an investor in my opinion greater profits to be gained but a miner can also get a much greater advantage if the coin mined increased in high numbers.
I would also prefer buying, but actually there are so many companies/ICO startups which base their business model on Crypto mining, so I was asking myself if they know something I do not know?
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