is mining and TRADING THE SAME - page 5.

Bestwishes745

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Quote from: AngelSky on September 25, 2017, 12:50:51 PM

Quote from: Stedsm on September 25, 2017, 09:54:47 AM

Quote from: TaKlarPH on August 30, 2017, 10:35:58 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?

You are comparing a cherry with a tomato!
Mining has nothing to do with trading, mining with GPU in today's world is impossible and you will need some expensive stuff like ASIC miners or others to mine Bitcoins or different altcoins. Trading coins is a completely different subject and needs charting knowledge as well as basic idea about how to read them through the support and resistance levels and decide when to enter and where to exit. Trading is better compared to mining but is the riskiest way. I saw D3 allowing users to get their ROI in just a month after mining DASH coin so if you managed to get a D3 while roaming around, you must be in profit already atm.

Nice one buddy. Mining is different and trading is entirely different. If you want to sell or buy a bunch of bitcoin means,you can use the trading. But in mining, the bitcoin or any other altcoin will be generated with that mining. Bitcoin mining is the best of any other altcoin mining. You can choose that.

My words won't be much different than you people but I would also like to share my knowledge for the sake of OP.
Mining is the process of verifying transaction while it is also used for releasing new digital coins. For this, miners need powerful hardware’s and they earn by transactions fees.
Trading is about buying and selling any asset. Traders are not paid any kind of dues and they don't offer any services.

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Quote from: TaKlarPH on August 30, 2017, 10:35:58 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 way there are some big differences between mining and trading.Mining needs Greater hardwork and good equipments like ASIC or some powerful GPU which you cannot expect at cheap prices.whereas trading needs only a laptop with internet connection and you just need to take care of trades nothing else. Mining is little bit complex and tough comparing to trading. You need strong backup of heavy electricity which will again cost you some dollars and the environment must be good for Mining business .whereas trading can be done in your regular office or even in your home.

For me Trading is best way to earn than Mining, but you cant say it as easy because even trading requires some effort and time from your side.

AngelSky

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Quote from: Stedsm on September 25, 2017, 09:54:47 AM

Quote from: TaKlarPH on August 30, 2017, 10:35:58 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?

You are comparing a cherry with a tomato!
Mining has nothing to do with trading, mining with GPU in today's world is impossible and you will need some expensive stuff like ASIC miners or others to mine Bitcoins or different altcoins. Trading coins is a completely different subject and needs charting knowledge as well as basic idea about how to read them through the support and resistance levels and decide when to enter and where to exit. Trading is better compared to mining but is the riskiest way. I saw D3 allowing users to get their ROI in just a month after mining DASH coin so if you managed to get a D3 while roaming around, you must be in profit already atm.

Nice one buddy. Mining is different and trading is entirely different. If you want to sell or buy a bunch of bitcoin means,you can use the trading. But in mining, the bitcoin or any other altcoin will be generated with that mining. Bitcoin mining is the best of any other altcoin mining. You can choose that.

noictib

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Quote from: TaKlarPH on August 30, 2017, 10:35:58 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?

Here both of them are totally different from each other , if the electricity cost in your city is low then you should make mining but if high then you should make trading Because trading is better way of making earnings , and here we need to do work in better way because trading has both type of results ( including profit and also loss ) but still we can change every loss in this field , we need only a perfect tricks to do work .
But still you can try to mine some altcoins which are having low value in the cryptocurrency field , Because if you will mine ( pc mining ) those low valued coin than there will remain chances to increase the price and that wil results into much profit.
So change your work according to circumstances , and Accordingly try to make analysis that what will happen in the future.

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Quote from: TaKlarPH on August 30, 2017, 10:35:58 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 no no, you are seeing trading very wrong it is very different with mining. About mining yes as you said if you are going with GPU mining you would need equipments to set up your own rig so you would have to invest a big money for expensive high ends GPU, so as it comes with a big electricity consumption. In mining you will really need a cheap electricity for your rig to get profits. You can use calculators made for mining if you would want to compute your electricity consumption before setting up a rig.
So next is trading, in trading you will not be needing expensive equipments. Just a capital and the most important thing which is Skill. Skill comes with experience, knowledge about Altcoins, familiarity with it, patience, and more.

So if you would want to choose from those two. You might wanna check your ability and capabilities.

Mining --> Big Capital & Cheap electricity --> difficulty? Easy
Trading --> skills, experience, knowledge, patience, capital -- difficulty? Insane

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Quote from: roadbits on September 25, 2017, 05:44:30 AM

Quote from: MRlong on September 24, 2017, 10:51:38 AM

Quote from: Caladonian on September 24, 2017, 09:45:56 AM

Quote from: monkeydominicorobin on September 24, 2017, 09:35:43 AM

Quote from: TaKlarPH on August 30, 2017, 10:35:58 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?

You don't need a lot of gpu for trading. All you need is trading acumen and some mathematics to get through with it. Mining is technically AUDITING. Trading is about maximum rewards or profits. You will learn both even without a desktop. Mine other high yielding currencies and convert it into Bitcoins. This is like hitting two birds with one Bitcoin. Your trading and mining at the same time. And the easiest way to earn is mining. Because the mining software is automating the auditing process. You earn even while you sleep.

trading is much better than mining if you are looking for profits all you need to know is proper understanding about the trade or coin that you will going to support unlike with mining you needed good gpu in order for you get good numbers of rewards instead of using your money better to try first trading and if you already gain then start to build your mining rig.

Today, almost miners also are traders on the cryptocurrency market, they do not stupid to sell their coin with cheap price when those amount can increase more in future. No one want to earn small profit when they can earn a profit better.

Right who will take a loss to sell for a low price if they know it is more worth in future. You know nowadays the miners become good traders they can predict that which coin is good and which is going to dump and pump. So based on that they will mone coins. So both trading and mining are like 2 faces of one coin.

I agree. Since before, someone had referred me to try mining instead rather than trading. Someone also told me how much highly it will cost to build some mining rigs, and yes some of the miners are now traders also. They wouldn't sell for lower price, and I have witnessed one also. To think how much cost just to mine specific coin, along with those maintenance and patience you need in order to get a coin you've mined.

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Quote from: TaKlarPH on August 30, 2017, 10:35:58 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?

You are comparing a cherry with a tomato!
Mining has nothing to do with trading, mining with GPU in today's world is impossible and you will need some expensive stuff like ASIC miners or others to mine Bitcoins or different altcoins. Trading coins is a completely different subject and needs charting knowledge as well as basic idea about how to read them through the support and resistance levels and decide when to enter and where to exit. Trading is better compared to mining but is the riskiest way. I saw D3 allowing users to get their ROI in just a month after mining DASH coin so if you managed to get a D3 while roaming around, you must be in profit already atm.

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In comparison between both trading and mining, I think trading is the best option where we can make more compared with mining. For mining, we need a lot of expenses to buy the equipment and setups but for trading, we need little expenses to make big profits.

bubblebit

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The more chances to profit if your referring to both. So it's trading is the easiest way for it doesn't need much requirement and you don't have to wait but it is more risky. Being weak hands won't be a good thing here. If you want to earn on fixed basis/daily without doing much is Mining. But you must have bigger capital for a bigger mine. So if I were you, think about what is your needs and balance it's consequences.

salihno71

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Quote from: TaKlarPH on August 30, 2017, 10:35:58 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?

If you choose mining, you can mine some altcoins on PC. Not the BTC. For trading you need a regular PC - laptop would be also fine. But bare this in mind, both have specific set of problems which need to be addressed if you want to be successful. If you don't have any experience in trading, it's better to try to mine with what you have since trading without knowing what you're doing is a sure way to lose your funds. Mining with laptop or regular pc will not earn you much.

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Quote from: mallboat on September 25, 2017, 07:08:20 AM

Mining and Trading are two different thing.
To perform mining you have to use GPU rig but it is expensive to set up and it would use a lot of electricity.
While Trading is you only need to go to exchange sites like bittrex, poloniex and other exchange site to perform trading. The two are incomparable but using both do have the chance to earn profits.

Both have chance to give you profits but overall, it is cheaper to try trading rather than mining because you can see that mining cost too much money and you need to buy different hardware and assemble them and earn profit without any fixed amount while in trading you don't need to waste time getting hardware and anything like that because you just need to create an account and start earning.

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Quote from: reflector on September 25, 2017, 06:08:02 AM

Quote from: Savemore on September 25, 2017, 05:53:32 AM

Quote from: TaKlarPH on August 30, 2017, 10:35:58 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?

It is really different. Mining and trading are not same. But both of them are risky because you need to start big capital in order to do trading and mining. I prefer to you just try to trade.

Trading is preferable to people who is unable to invest big fund because if you wish to buy ASIC miner it will definitely cost more than 1200$ and then you need to skilled to be get the profit.
Mining and trading are do not have any comparison because investment plays all the time in trading but mining is only initial investment and can gain everytime.

Yes,indeed which mining is rather costly knowing that asic miners are expensive and when it comes to trading you can already engage with it with smaller amounts compared on the venture of mining.They arent the same since they are on different field.Mining bitcoin isnt consider as trading but rather an investment and at the same time you can make it as a hobby which is really costly but profitable if you do have cheap electricity prices but if not and you dont have any idea on what you are doing then its better not to risk at all and its better to make some trading its really complicated but you can really deal with the money you have put in.

mallboat

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Mining and Trading are two different thing.
To perform mining you have to use GPU rig but it is expensive to set up and it would use a lot of electricity.
While Trading is you only need to go to exchange sites like bittrex, poloniex and other exchange site to perform trading. The two are incomparable but using both do have the chance to earn profits.

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Quote from: Savemore on September 25, 2017, 05:53:32 AM

Quote from: TaKlarPH on August 30, 2017, 10:35:58 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?

It is really different. Mining and trading are not same. But both of them are risky because you need to start big capital in order to do trading and mining. I prefer to you just try to trade.

Trading is preferable to people who is unable to invest big fund because if you wish to buy ASIC miner it will definitely cost more than 1200$ and then you need to skilled to be get the profit.
Mining and trading are do not have any comparison because investment plays all the time in trading but mining is only initial investment and can gain everytime.

Savemore

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Quote from: TaKlarPH on August 30, 2017, 10:35:58 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?

It is really different. Mining and trading are not same. But both of them are risky because you need to start big capital in order to do trading and mining. I prefer to you just try to trade.

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Quote from: MRlong on September 24, 2017, 10:51:38 AM

Quote from: Caladonian on September 24, 2017, 09:45:56 AM

Quote from: monkeydominicorobin on September 24, 2017, 09:35:43 AM

Quote from: TaKlarPH on August 30, 2017, 10:35:58 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?

You don't need a lot of gpu for trading. All you need is trading acumen and some mathematics to get through with it. Mining is technically AUDITING. Trading is about maximum rewards or profits. You will learn both even without a desktop. Mine other high yielding currencies and convert it into Bitcoins. This is like hitting two birds with one Bitcoin. Your trading and mining at the same time. And the easiest way to earn is mining. Because the mining software is automating the auditing process. You earn even while you sleep.

trading is much better than mining if you are looking for profits all you need to know is proper understanding about the trade or coin that you will going to support unlike with mining you needed good gpu in order for you get good numbers of rewards instead of using your money better to try first trading and if you already gain then start to build your mining rig.

Today, almost miners also are traders on the cryptocurrency market, they do not stupid to sell their coin with cheap price when those amount can increase more in future. No one want to earn small profit when they can earn a profit better.

Right who will take a loss to sell for a low price if they know it is more worth in future. You know nowadays the miners become good traders they can predict that which coin is good and which is going to dump and pump. So based on that they will mone coins. So both trading and mining are like 2 faces of one coin.

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A huge difference with the both.
Mostly, those people who can provide some money for capital would choose the mining section. But this might take months before you will feel the profit and you will have to consider the electricity consumption too. It will be enormously high that you wont believe it is true.
If you are in a country which have a low billing with electricity then you are lucky.

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Quote from: omonuyak on September 24, 2017, 11:49:37 AM

Mining and trading are two different things and you have to look and think of mining as a traditional way of mine gold or other valuable solid mineral. All the bitcoin that we have in circulation are been mining by miners and they are also the one confirmed transaction of traders. Trading on the other hand is buying and selling of bitcoin and others cryptocurrency from the hold.

Whoever thought these are the same isn't paying too much attention. Mining is a passive way to accumulate bitcoins. Once you're able to set up ypur mining rig, you just wait for btcs to come in. Trading doesn't give you the luxury of sleeping on your trades since you might miss out on several good entry and exits

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Mining and trading are two different things and you have to look and think of mining as a traditional way of mine gold or other valuable solid mineral. All the bitcoin that we have in circulation are been mining by miners and they are also the one confirmed transaction of traders. Trading on the other hand is buying and selling of bitcoin and others cryptocurrency from the hold.

MRlong

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Quote from: Caladonian on September 24, 2017, 09:45:56 AM

Quote from: monkeydominicorobin on September 24, 2017, 09:35:43 AM

Quote from: TaKlarPH on August 30, 2017, 10:35:58 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?

You don't need a lot of gpu for trading. All you need is trading acumen and some mathematics to get through with it. Mining is technically AUDITING. Trading is about maximum rewards or profits. You will learn both even without a desktop. Mine other high yielding currencies and convert it into Bitcoins. This is like hitting two birds with one Bitcoin. Your trading and mining at the same time. And the easiest way to earn is mining. Because the mining software is automating the auditing process. You earn even while you sleep.

trading is much better than mining if you are looking for profits all you need to know is proper understanding about the trade or coin that you will going to support unlike with mining you needed good gpu in order for you get good numbers of rewards instead of using your money better to try first trading and if you already gain then start to build your mining rig.

Today, almost miners also are traders on the cryptocurrency market, they do not stupid to sell their coin with cheap price when those amount can increase more in future. No one want to earn small profit when they can earn a profit better.

Topic: is mining and TRADING THE SAME - page 5. (Read 5207 times)