Does mining makes more bitcoins than gambling?

philipma1957

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Quote from: Cold-Heart on April 29, 2017, 12:31:50 AM

Does it?

I haven't tried mining nor gambling.. but i am planning try or test one of this options..

Let's hear your experience and opinions by posting down below Cheesy

The definition of gambling is money risked at unfavorable odds. IE: you are supposed to lose in the long run.

Mining when done properly is an investment IE: you are supposed to make a profit.

So don't gamble if you think you are supposed to win money in the long run.

Strongkored

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I think between mining and gambling is very difficult to compared, gambling is not a recommended thing because it only depends on luck.

Mining will still be profitable as long as we calculate the cost and income correctly, and if bitcoin price goes down we can still benefit by holding it and waiting Prices go back up.

With mining we need time longer to get more, gambling can easy to get Bitcoin but also easy to lose all.

Amph

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it's depend they can be both comparable, solo mining bitcoin for example is effectively like gambling, the less hash you have the more of a gamble is

normal minig on the other hand have low risk and lower reward, but if it's profitable it's always better than gambling, especially with a big farm, because buying is cheaper than earning it with gambling or trading which i find them to be the same thing

and pose no risk to your investment, well with asic there is more risk yes, but gpu have no virtual risk, they are very safe to buy and use

lockept93

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This is no real question cause both things are too different.

Qartada

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Mining can result in profit. Gambling can result in gains.

If you win in gambling, it can be because of skill, but it can also be temporary or luck or anything else. Gambling is by nature unpredictable even with sports betting (unless you do arbitrage).

Mining is sometimes unprofitable, but that's something you can predict. Gambling is not.

ethereumhunter

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Quote from: Cold-Heart on April 29, 2017, 12:31:50 AM

Does it?

I haven't tried mining nor gambling.. but i am planning try or test one of this options..

Let's hear your experience and opinions by posting down below Cheesy

its different because mining is one programs that you need to deposit to buy the hashrate but you need to careful because not all cloud mining is really help you to produce bitcoin. i think its better for you to mining with the real hardware so you can control your coins by yourself.

and if you are playing gambling, then you can get loss all of your money if you can not play with good and you need to careful too because playing gambling too much will make you an addicting person and soon you can losing all your money.

coolcoinz

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This isn't even comparable. Although mining can result in a loss of investment if your miners get damaged or stolen, but this can also happen when a casino scams you or gets hacked. Putting random concerns aside, in general you will not lose your money on mining if you know what you're doing. In a casino you can be prepared and experienced and still lose, it's pure luck.

swogerino

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Quote from: Cold-Heart on April 29, 2017, 12:31:50 AM

Does it?

I haven't tried mining nor gambling.. but i am planning try or test one of this options..

Let's hear your experience and opinions by posting down below Cheesy

Surely it does more than gambling. In gambling you can lose all of your money while when you mine with S9 or graphic cards you are creating bitcoins through solving different difficult math puzzles. These bitcoins created from mining are under your control and you do not need to gamble in order to make more bitcoins as when you are mining, you are creating low amount of bitcoin every single day. If I were you I would stay away from gambling if you intention is to make more bitcoin through gambling.

Cold-Heart

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Does it?

I haven't tried mining nor gambling.. but i am planning try or test one of this options..

Let's hear your experience and opinions by posting down below Cheesy

Topic: Does mining makes more bitcoins than gambling? (Read 1026 times)