is mining and TRADING THE SAME - page 9.

Mister1k

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Quote from: EddyGameta on September 11, 2017, 06:05:23 AM

in my opinion mining and trading have different benefits and funds
Mining: if you want to have a great profit you must have fund and great cost as well to buy expensive hardware devices and surely you have to pay the electricity bill more expensive than usual

Still there are many similarities available in both the platform. These both platform will change accordingly when the bitcoin price changes in the marketplace. Profit always increases whenever the bitcoin value increases. In trading you need to have main fund in your wallet account and in mining you need to buy the hash power to increase the mining limit and speed.

ArrogantPeacock

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you can trade while mining

EddyGameta

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in my opinion mining and trading have different benefits and funds
Mining: if you want to have a great profit you must have fund and great cost as well to buy expensive hardware devices and surely you have to pay the electricity bill more expensive than usual

webdevmastery

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No its not the same, But what they have in common is you both need to have capital to start either trading or bitcoin mining. Bitcoin mining requires electric consumption and it will really fires up your electricity bills depending on how strong your gpu but in return you gain more bitcoins. Trading needs capital and the higher your capital then same as the profit. Trading takes time to learn and its very risky, You need to think wisely on what coins your going to invest because sooner it might drop the price.

sinx91

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mining - long time for ROI back money but it safer than trading

BITDV

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trading: indeed it’s very easy and doesn’t need much fund but the profit will be a bit difficult to gain, because you need a strategy where you buy coin at a low price and you sell it back at a high price and on the other hand you have a lot of trading competitors and you also have to choose a third party that you trust for your smooth trading with no obstacle.
Mining: you need to have a GPU, an ASIC miner to have a good mining and satisfying income if you have a laptop that you normally use, maybe it will be hard to use as an altcoin mining.

rtinedal

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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?

For me it is easier for us to be trading. trading is not a big investment to get started in mining. In trading you need more knowledge on your mining need more capital so you can get a lot of bitcoin or altcoin. disadvantage in mining when the market of bitcoin falls as your mining is the same as trading in your pocket as the falling price of bitcoin is still a profit while dumping bitcoin price. but if you have a lot of money just wishing for a headache, it's really a matter of what happens in the market open or later.

davids

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It is totally different. if someone mining Bitcoin, that means the person is using a mining device. Can use CPU, GPU, FPGA, or ASIC. if someone trading it's just buy and sell no need a lot of GPU like mining

jostorres

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Quote from: dan_raikou on September 06, 2017, 12:11:09 PM

I don't believe it is.

Definitely not! Mining and trading are whole different stories. Both professions are poles apart. Trading is all about buying and selling of an asset by predicting market values whereas mining does not include any sort of buying or selling of asset. Miners confirm transactions and without them, crypto world will be doomed.

Painbird

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Trading & mining are not same.
Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions but trading not like this.so totally different.

jtipt

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Quote from: twicezeroiszero on September 06, 2017, 12:00:28 PM

Quote from: mobnepal on September 06, 2017, 11:13:26 AM

Mining is done using GPU and mining hardware built specially for mining but for trading you simply need a laptop or desktop. You can also trade in most of the platform with your smartphone on the go.

So for trading you don't need any sophisticated hardware or machine but you need to learn trading with your own experience and judgement. Also remember trading is passive earning and 90% of traders who try to earn from trading fails to make any profit.

Why trading is passive income?
I remember we need spend our time for work, learn knowledge, reseach and improve our skills, experience about trading everyday if want succeed in this field. Huh

You are correct. Trading is no way a passive income, on other hand I would say mining is passive income as it only requires good hardware and you are all set. While for trading along with time you need to have knowledge of when to buy when to sell what to buy what to sell.. etc.

Ekanenf

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Quote from: Rostchild on September 06, 2017, 08:33:46 PM

Trading may be the best for coin that needs profesional preparation to get it, like Bitcoin.
Trading Bitcoin is the best t get it for common people.

Mining may be better for small value and small resource preparation.

It is different but I like both.

Trading requires an specific amount of investment to start on and just as you've said it requires professional preparations like studying the background and updates about a coin.
Mining is a GPU based way of earning free coins such as bitcoin, litecoin and any other coins that allows us to earn them by mining them but it requires a lot of time and a nice computer build to even start of.
You can do both where you use what you earn on mining to do trading so you can earn faster.

Rostchild

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Trading may be the best for coin that needs profesional preparation to get it, like Bitcoin.
Trading Bitcoin is the best t get it for common people.

Mining may be better for small value and small resource preparation.

It is different but I like both.

MiXxe

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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 a both source of Profits but in terms of knowledge its totally different in a way how will you able to figure out,
Of course GPU unit is needed but its not trading it is different, a trading is needing your skills to earn and mining is needing a pc and hardwares for you to mine.

soham

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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?

Mining and trading, both are two absolutely different methods of earning bitcoin or any other crypto currency. However, you can't mine bitcoin with a high end PC because difficulty is really high. You need mining rigs to mine bitcoin. Mining rigs are really expensive and you will have to invest a lot of money before you can start with profitable mining.

Trading is a cheaper method to start with bitcoin because it requires only a small amount of initial investment. You can gradually increase the amount of investment which will increase the profit too. Also trading is unpredictable, so you can also make a big amount of profit from trading as well with a minimum investment.

Lucasgabd

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There's no need to be upset

mining and trading are really really different things. but main thing is:
both need a lot of reading, studying and research Wink

waru96

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no no..mining and trading has lot defference for sure,..i know that trading is the bettter way for me..im doing trading

herurist

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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?

For trading we don't need pc with high quality, but for mining, we need that. Because you only have laptop, I suggest trading not mining. Mining and trading is not the easy way to make profit, there's risk you must understand before start it. Search knowledge before doing something will help you survive. Have a nice day.

Herlina

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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.

If you want to trade, your laptop is enough for it.
just access the exchange,make a deposit to your account and start trading.

however, you need to learn about trading analysis.

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

Which is the easiest way to earn? Mine or trade?

depending on your interests, I prefer trading because I don't have more electric power to mining

dan_raikou

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I don't believe it is.

Topic: is mining and TRADING THE SAME - page 9. (Read 5207 times)