is mining and TRADING THE SAME - page 2.

rocketbits

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Quote from: doedz on September 28, 2017, 02:56:49 AM

To get BTC mining is a good move, but it requires huge capital to buy VGA and other equipment. after you have BTC then you will automatically become a trader.
this is different but interrelated.

You are right that mining of bitcoin requires huge capital, heavy computer systems and more electricity and if you go to mine a bitcoin so at the end it might be very much costly as compare to your expenses with bitcoin price. While in trading you buy or earn a readymade bitcoin for your business so both are of very much different nature at all. Both are beneficial ways but trading is a shortcut.

BitcoinCommodor

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Quote from: zzSunZZ on October 06, 2017, 03:15:11 AM

-Mining: There are various ways to get into Mining without the requirement to purchase the hardware and this can be done through companies that offer you the facility without the maintenance and running costs and is built into a contractual cost with a notional return on the sums invested.
-Trading :Trading requires skills and practice to know the entry and exit points and one cannot simply think that Bitcoin or whichever coin you select is going to rise in a straight upward climb, there will be twists in the road.
So after i tell you what is mining and trading you can completely know they are different.

Very great effort! You have nicely differentiated between trading and mining. Your definitions really increased my knowledge about mining because I did not know that some companies offer you mining jobs. Mining is a great way of making money but mostly people refrain from getting into mining just because it demands expensive hardware. Trading as you mentioned is totally based on skills.

Apened

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Quote from: TaKlarPH on August 30, 2017, 11:35:58 AM

Do I need a lot of GPU for trading like mining? And mining and trading is different right. So How will I learn buying a PC? because I only got my laptop here no desktop. Which is the easiest way to earn? Mine or trade?

Its different than you think, You do not need a GPU or a PC as your laptop is enough for trading but if want to mine you need many things to learn first it is not to easy to build. There is no easy way to earn you need to seek knowledge.

vandvl

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I though base on my reading in article here.. you can mine if you have strong gpu and low cost of electricity. if you use a laptop its better to take a trade beacause part of computer to use mining is expensive..unless you are in trading you can investment with effort strategy and 250$ to have a profit...

Coffee2015

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Trading may be preferable
it does not take high computing power and electricity but
it require high risk,
there is no guarantee that you ll get more coin

MintCondition

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Quote from: Netnox on October 08, 2017, 02:11:25 PM

Quote from: Natsuu on October 05, 2017, 07:44:36 PM

Mining and trading are risky to do but mining is much more riskier because mining can cause you a fortune and it's not actually profitable like even miners can advise you not to do so.

Your logic is absurd. It is true that Bitcoin mining needs a lot of initial investment. You need to set up mining rigs, electricity connection, cooling systems and such. And even after all this, there is no guarantee that your venture will be profitable. But trading is also a very risky thing to do. You need a large initial investment for trading as well.

trading can easily be done aa long as we have coins and idea to do trading unlike in mining to be able to earn we need to invest first on expensive computers to do so,but both surely worth doing.

Netnox

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Quote from: Natsuu on October 05, 2017, 07:44:36 PM

Mining and trading are risky to do but mining is much more riskier because mining can cause you a fortune and it's not actually profitable like even miners can advise you not to do so.

Your logic is absurd. It is true that Bitcoin mining needs a lot of initial investment. You need to set up mining rigs, electricity connection, cooling systems and such. And even after all this, there is no guarantee that your venture will be profitable. But trading is also a very risky thing to do. You need a large initial investment for trading as well.

bhooscream

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Based on my knowledge, Mining have three options.
First, mining by using mining hardware like Antminer and other.
Second, mining by using your PC or laptop with high performance.
And last is Cloud mining, you must spend money to buy few GHs power in cloud mining website like Cex.io, genesis mining, hashflare, and etc to earn some btc. Choose your favourite options

irwanjabryg

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Quote from: TheKeyLongThumbI on October 07, 2017, 11:18:33 PM

These 2 terms are too far to be compared. Mining is where you let your expensive rig do the work while trading is where you are the one who needs to do the work.

The equation is that mining products are also traded, only the process makes them different. Some miners keep the coins from mining and then use them as capital for trading in various exchangers.

gabbie2010

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SOL.BIOKRIPT.COM

Mining requires setting up physical hardwares and it also requires availability of cheap, regular electricity which invariably makes it to be capital intensive, in the other hand trading requires compulsory training on buying and selling of cryptocurrencies and it usually requires huge capital so as make significant profit, be as it may trading and mining are not the same.

ss890

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Quote from: n0ne on October 02, 2017, 03:29:38 PM

Mining and trading has its own characteristics as well profitability. Importantly both needs capital investment and depending on the investment made will be the earning. Mining becomes effective depending upon the system in which the mining gets incorporated, whereas with trading the market prediction about different asset with time variations help profit big.

Just say that both are different things from each other. They are way lot different and do not even resemble i the way they give us profits. Mining is just solve the blocks and get rewarded for the same while in case of trading you buy the mined coins or the coins which are already out there in the circulation. You buy those coins and then again go for swing trading so that you can buy low and sell high. There is no such relation between mining. It's all about the hardware and smart computer working out the math. While in the trading you scratching head and making the investment.

pinkpanther03

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Quote from: TaKlarPH on August 30, 2017, 11:35:58 AM

Do I need a lot of GPU for trading like mining? And mining and trading is different right. So How will I learn buying a PC? because I only got my laptop here no desktop. Which is the easiest way to earn? Mine or trade?

No, they are not the same instead they're both differ to one another. In mining, you will invest in the pool its up to you in which altcoin you like to mine then once you did it, all you need to do is to wait to your ROI and profit after months while in trading you will do Buy and sell system depending on how you are going to do in the platform, but you can minimize your risk in trading unlike in mining its too risky compare into trading.

Osarman

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Quote from: samputin on October 05, 2017, 12:27:39 PM

Quote from: Barcode_ on August 30, 2017, 12:29:57 PM

Mining and trading is two different thing, basically in trading, you need to read a lot of news about different altcoins that you are planning to purchase at the lowest price, and selling them away at a high price in order to gain some profits from the trades. If you plan to start mining bitcoin or altcoins, you need to purchase the proper equipment to start your own mining farm.

Yeah your right! And also in trading your profit is depends on the price of the altcoin that you want to convert. It is also need more patience, controlling emotoins and ofcourse investments/capital. While in mining it needs more strategy and equipments to produce more profit, and also on these there some mining that do need an investments and i think mining is safier than trading and also it less work than trading.

So we can say they are totally two different things. With the scheme of work and with strategies, these both doesn’t come along one another. Like you said, trading involve emotions and control and many other things but mining is just opposite to it. We can call it hardware aspect of crypto world that mainly deals in technical assistance.

TheKeyLongThumbI

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These 2 terms are too far to be compared. Mining is where you let your expensive rig do the work while trading is where you are the one who needs to do the work.

bitcoin31

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It depends to your location if your country have cheap electricity bill you can mine and for sure you will earn profit. But if your country have expensive electricity like my country mining is not porfitable. You can trade altcoin while you mining. In trading you can buy altcoin and wait the price to increase after that you can sell it. In mining you mine a coin and you need computer and miner .

Superways

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Quote from: grayhound on October 06, 2017, 12:35:15 AM

Quote from: TaKlarPH on August 30, 2017, 11:35:58 AM

Do I need a lot of GPU for trading like mining? And mining and trading is different right. So How will I learn buying a PC? because I only got my laptop here no desktop. Which is the easiest way to earn? Mine or trade?

Trading and Mining are very different because in trading you have to go to an exchange sites to be able to buy and sell crypto currency while mining needs a computer hardware to be able to mine and it consumes lots of electricity that would be a bit expensive for daily mining.

There is a lot of difference in between both of them. Trading is just like give and take of one coin and another. Trading requires you too very much wise and well educated. On the other hand, mining requires you to have high quality computer like you said. There is no real resemblance in both of them. But both of them are very much profitable.

naidray

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Quote from: ?? on ??

both of them need you invest and take care everyday. but if both of them failed. with mining you still have some card to play game. cheer!

It depends on the level you want to go. And moreover, trading can be extremely hectic more than mining and all you have to do is trade your capital and earn something on it. For mining, all you have to do is purchase mining gadgets to mine coins, either bitcoin or alts and rely on the roi.

Mining ties down your capital, you should know that. However, with your last statement, I doubt if you even have an idea what you are saying. What does card and game have to do with mining? Someone please help in case I am the one seeing wrongly here. Grin

zzSunZZ

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-Mining: There are various ways to get into Mining without the requirement to purchase the hardware and this can be done through companies that offer you the facility without the maintenance and running costs and is built into a contractual cost with a notional return on the sums invested.
-Trading :Trading requires skills and practice to know the entry and exit points and one cannot simply think that Bitcoin or whichever coin you select is going to rise in a straight upward climb, there will be twists in the road.
So after i tell you what is mining and trading you can completely know they are different.

grayhound

newbie

Activity: 47

Merit: 0

Quote from: TaKlarPH on August 30, 2017, 11:35:58 AM

Do I need a lot of GPU for trading like mining? And mining and trading is different right. So How will I learn buying a PC? because I only got my laptop here no desktop. Which is the easiest way to earn? Mine or trade?

Trading and Mining are very different because in trading you have to go to an exchange sites to be able to buy and sell crypto currency while mining needs a computer hardware to be able to mine and it consumes lots of electricity that would be a bit expensive for daily mining.

aldrian09

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Merit: 250

Mining and Trading is totally not the same, if you do mining you will need high power computer for you to mine if you do trading you will only need basic computer and the skills to trade.

Topic: is mining and TRADING THE SAME - page 2. (Read 5192 times)