Mining coins save or sell it? - page 28.

Dimelord

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Quote from: TheLastSpicyTuna on November 26, 2015, 03:36:37 AM

Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.

Can orther explain about its a good point else about the risk its to high to lose to lot on it?

Saving the mined bitcoins would give more benefits.Bitcoin price has almost doubled in last six months.Instead of selling mined bitcoins today for smaller benefits,it would give you huge returns if saved.Previously,bitcoin mining was very easy and of less cost,but today's mining operations are not easier and cost of mining is also very high.So better save mined bitcoins.

TribalBob

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Quote from: Teraboy on April 23, 2017, 11:24:12 AM

Quote from: revans on April 23, 2017, 10:53:22 AM

Mining coins is no more profitable for me as it will require good capital to buy mining equipment and even the electricity cost is not affordable in my country which makes mining as an unprofitable business for me so I will prefer to buy it, earn it and save it for the future.

No, tell me the valid proof based on your mathematic calculation about the mining and does it really worth or not. Basically the result of the mining depend on your place i mean if you're living on the country with cheap electricity and it's really worth for you.

That's what he is trying to say that electricity cost is not affordable in his country which suggests that the cost of electricity is higher and that is the reason he cannot make good profits from mining as the cost of electricity will eat away all his profits.

Teraboy

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Quote from: revans on April 23, 2017, 10:53:22 AM

Mining coins is no more profitable for me as it will require good capital to buy mining equipment and even the electricity cost is not affordable in my country which makes mining as an unprofitable business for me so I will prefer to buy it, earn it and save it for the future.

No, tell me the valid proof based on your mathematic calculation about the mining and does it really worth or not. Basically the result of the mining depend on your place i mean if you're living on the country with cheap electricity and it's really worth for you.

Mometaskers

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Seems most people I ask agree that it's no longer profitable to mine coins, at least bitcoins. The equipment needed is expensive (at least here in my country) making ROI take much longer. Not to mention the maintenance for the electricity (which is also not cheap here). If you'll mine at home you'd probably need an AC to extend the life of your equipment.

If you did mine some, it's still preferable to hold. As you saw this past week, it's on a rally again.

Alts are a different matter. They may not be as hard to mine but there's a risk involved in whether it will rise in price or not. Same as bitcoin, just hold on to most of what you mined.

revans

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Mining coins is no more profitable for me as it will require good capital to buy mining equipment and even the electricity cost is not affordable in my country which makes mining as an unprofitable business for me so I will prefer to buy it, earn it and save it for the future.

CraigWrightBTC

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Quote from: Marcus_2017 on April 18, 2017, 09:03:50 AM

You can't constantly wait for price increase. Yes, of course you can earn on the price increase, but if you sell your coins now and increase their production, by the time the coins more expensive you will have them as well. If you need money for business expansion, you need to sell always.

Yup so everything depend on the strategy investing in digital coins include investing in mining
the miners must sell some their coins to pay the cost of mining,
but there are some miners who hold their coins to long time, personality I like sell some coins
and the other coins be saved for future, because the income coins are from profit trading.

Pasutinmeur

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Quote from: goldcoinminer on April 18, 2017, 09:38:41 AM

Quote from: bitcoinisbest on April 18, 2017, 09:23:09 AM

I think now people who are being mining for long are only involved because since the difficult level is being increased so much for btc that new miners now are not much interested in it and those who are already mining should be selling it since its almost the price is at peak and may dip in coming time.

It is a happy days for miners when the price of bitcoin increases, that means more income for them and they will continue to operate profitably.
If they know how to manage their business, they can make a fortune in the future, mining business is getting bigger now actually.

That is right. Hope they can also keep most of their coins.

goldcoinminer

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Quote from: bitcoinisbest on April 18, 2017, 09:23:09 AM

I think now people who are being mining for long are only involved because since the difficult level is being increased so much for btc that new miners now are not much interested in it and those who are already mining should be selling it since its almost the price is at peak and may dip in coming time.

It is a happy days for miners when the price of bitcoin increases, that means more income for them and they will continue to operate profitably.
If they know how to manage their business, they can make a fortune in the future, mining business is getting bigger now actually.

bitcoinisbest

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I think now people who are being mining for long are only involved because since the difficult level is being increased so much for btc that new miners now are not much interested in it and those who are already mining should be selling it since its almost the price is at peak and may dip in coming time.

Oilacris

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Quote from: Marcus_2017 on April 18, 2017, 09:03:50 AM

You can't constantly wait for price increase. Yes, of course you can earn on the price increase, but if you sell your coins now and increase their production, by the time the coins more expensive you will have them as well. If you need money for business expansion, you need to sell always.

This method would just work if you are good on shorting but it would be risky if you done it wrong. Selling on the most possible peak price is the target here so that we could able to maximize our profits.Im a person that do have short patience thats why i do tend to sell when i saw theres an oppurtunity and gaining percentage out of those coins.

Marcus_2017

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You can't constantly wait for price increase. Yes, of course you can earn on the price increase, but if you sell your coins now and increase their production, by the time the coins more expensive you will have them as well. If you need money for business expansion, you need to sell always.

Xestadar

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Quote from: freebutcaged on April 18, 2017, 03:09:18 AM

Quote from: (altair) on April 18, 2017, 02:58:22 AM

Quote from: TheLastSpicyTuna on November 26, 2015, 03:36:37 AM

Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.

Can orther explain about its a good point else about the risk its to high to lose to lot on it?

Specifically what coins do you have and what coins have you already mined.Mining shitcoins will not be profitable for you even if you hold it for a long long time.Consider first if the coins is capable of saying and will give you profit.If not then just sell it all the way

I think you are too late for quoting the fucking OP and advising on the matter, coins are not capable of saying anything mate get a room.
I bet anyone from 2015 mined Bitcoin LTC now selling them if kept them all these 2 years would be in great profit.

It is not too late. I will keep most of the mined the coins and might sell later.

freebutcaged

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Quote from: (altair) on April 18, 2017, 02:58:22 AM

Quote from: TheLastSpicyTuna on November 26, 2015, 03:36:37 AM

Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.

Can orther explain about its a good point else about the risk its to high to lose to lot on it?

Specifically what coins do you have and what coins have you already mined.Mining shitcoins will not be profitable for you even if you hold it for a long long time.Consider first if the coins is capable of saying and will give you profit.If not then just sell it all the way

I think you are too late for quoting the fucking OP and advising on the matter, coins are not capable of saying anything mate get a room.
I bet anyone from 2015 mined Bitcoin LTC now selling them if kept them all these 2 years would be in great profit.

(altair)

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Quote from: TheLastSpicyTuna on November 26, 2015, 03:36:37 AM

Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.

Can orther explain about its a good point else about the risk its to high to lose to lot on it?

Specifically what coins do you have and what coins have you already mined.Mining shitcoins will not be profitable for you even if you hold it for a long long time.Consider first if the coins is capable of saying and will give you profit.If not then just sell it all the way

Sled

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Bitcoin- in bullish time

Quote from: Watjila on April 18, 2017, 02:32:28 AM

Quote from: tazmania on March 13, 2017, 11:52:23 AM

Quote from: ChronoLite on March 11, 2017, 08:51:13 PM

Quote from: phaddie on March 11, 2017, 07:55:58 PM

Quote from: Antoshka on March 11, 2017, 01:19:10 PM

Quote from: Text on March 10, 2017, 08:01:47 AM

Mining an altcoin now is worth it but for bitcoin I don't think so. But we should always remember that we are taking risks, we don't know if that altcoin can survive in the crypto world for a long run and can help you to make profits. It requires outstanding hardware components for you to feel that you're really earning...

I agree with you, it's very hard to get bitcoins on your computer. It is necessary to make large investments in the purchase of equipment and payment for electricity. In the end, you get very little

Its not worth to invest in mining now as it will require capital to buy equipment and if electricity cost is higher in your country then it won't give you the best profits that you are looking for so the best thing to do at a moment is buy bitcoins and save them for future to earn good profits.

Indeed, but if you mining altcoin that's a different story because you don't know how much the price in exchanges if they listed in. Mining altcoin is same like gambling because you also don't know which coins is profitable to mine or no scam.

I think its better not to go for mining altcoins the future of altcoins is unpredictable and it can disappear very quickly and instead invest in those altcoins that are listed and performing well and it will reduce certain level of risk as looking at the charts you can assume what's gonna happen next and you can take your decisions accordingly.

The future of altcoins are unpredictable, so I sold most of mined ETH at $5. Now, it is over $45.

You can predict the future of altcoins if you are a good researcher because reading their presentation and their road map and their background information especially of the team is enough for you to tell if that coin or altcoin will have a bright future and an expensive price soon because nothing can beat a good researcher because good researcher means a man with a ton of knowledge so you can easily predict somethings like the future of altcoins.

Watjila

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Quote from: tazmania on March 13, 2017, 11:52:23 AM

Quote from: ChronoLite on March 11, 2017, 08:51:13 PM

Quote from: phaddie on March 11, 2017, 07:55:58 PM

Quote from: Antoshka on March 11, 2017, 01:19:10 PM

Quote from: Text on March 10, 2017, 08:01:47 AM

Mining an altcoin now is worth it but for bitcoin I don't think so. But we should always remember that we are taking risks, we don't know if that altcoin can survive in the crypto world for a long run and can help you to make profits. It requires outstanding hardware components for you to feel that you're really earning...

I agree with you, it's very hard to get bitcoins on your computer. It is necessary to make large investments in the purchase of equipment and payment for electricity. In the end, you get very little

Its not worth to invest in mining now as it will require capital to buy equipment and if electricity cost is higher in your country then it won't give you the best profits that you are looking for so the best thing to do at a moment is buy bitcoins and save them for future to earn good profits.

Indeed, but if you mining altcoin that's a different story because you don't know how much the price in exchanges if they listed in. Mining altcoin is same like gambling because you also don't know which coins is profitable to mine or no scam.

I think its better not to go for mining altcoins the future of altcoins is unpredictable and it can disappear very quickly and instead invest in those altcoins that are listed and performing well and it will reduce certain level of risk as looking at the charts you can assume what's gonna happen next and you can take your decisions accordingly.

The future of altcoins are unpredictable, so I sold most of mined ETH at $5. Now, it is over $45.

hurain

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Activity: 462

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Quote from: ufaiz50 on March 11, 2017, 09:13:17 PM

Quote from: phaddie on March 11, 2017, 07:55:58 PM

Quote from: Antoshka on March 11, 2017, 01:19:10 PM

Quote from: Text on March 10, 2017, 08:01:47 AM

Mining an altcoin now is worth it but for bitcoin I don't think so. But we should always remember that we are taking risks, we don't know if that altcoin can survive in the crypto world for a long run and can help you to make profits. It requires outstanding hardware components for you to feel that you're really earning...

I agree with you, it's very hard to get bitcoins on your computer. It is necessary to make large investments in the purchase of equipment and payment for electricity. In the end, you get very little

Its not worth to invest in mining now as it will require capital to buy equipment and if electricity cost is higher in your country then it won't give you the best profits that you are looking for so the best thing to do at a moment is buy bitcoins and save them for future to earn good profits.

bitcoin mining is not as better with buying bitcoin then save it. although the price of bitcoin including very high but for some reason the bitcoin mining just earn little profits even can't profit because costs for mining, why?
[/quote
yes that can be right. and my personal view is that most of the minor will be selling their bitcoin in the market instead of saving it. i think very few number of people will using saving their mine bitcoins.

tazmania

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Quote from: ChronoLite on March 11, 2017, 08:51:13 PM

Quote from: phaddie on March 11, 2017, 07:55:58 PM

Quote from: Antoshka on March 11, 2017, 01:19:10 PM

Quote from: Text on March 10, 2017, 08:01:47 AM

Mining an altcoin now is worth it but for bitcoin I don't think so. But we should always remember that we are taking risks, we don't know if that altcoin can survive in the crypto world for a long run and can help you to make profits. It requires outstanding hardware components for you to feel that you're really earning...

I agree with you, it's very hard to get bitcoins on your computer. It is necessary to make large investments in the purchase of equipment and payment for electricity. In the end, you get very little

Its not worth to invest in mining now as it will require capital to buy equipment and if electricity cost is higher in your country then it won't give you the best profits that you are looking for so the best thing to do at a moment is buy bitcoins and save them for future to earn good profits.

Indeed, but if you mining altcoin that's a different story because you don't know how much the price in exchanges if they listed in. Mining altcoin is same like gambling because you also don't know which coins is profitable to mine or no scam.

I think its better not to go for mining altcoins the future of altcoins is unpredictable and it can disappear very quickly and instead invest in those altcoins that are listed and performing well and it will reduce certain level of risk as looking at the charts you can assume what's gonna happen next and you can take your decisions accordingly.

Xestadar

newbie

Activity: 27

Merit: 0

Quote from: ChronoLite on March 11, 2017, 08:51:13 PM

Quote from: phaddie on March 11, 2017, 07:55:58 PM

Quote from: Antoshka on March 11, 2017, 01:19:10 PM

Quote from: Text on March 10, 2017, 08:01:47 AM

Mining an altcoin now is worth it but for bitcoin I don't think so. But we should always remember that we are taking risks, we don't know if that altcoin can survive in the crypto world for a long run and can help you to make profits. It requires outstanding hardware components for you to feel that you're really earning...

I agree with you, it's very hard to get bitcoins on your computer. It is necessary to make large investments in the purchase of equipment and payment for electricity. In the end, you get very little

Its not worth to invest in mining now as it will require capital to buy equipment and if electricity cost is higher in your country then it won't give you the best profits that you are looking for so the best thing to do at a moment is buy bitcoins and save them for future to earn good profits.

Indeed, but if you mining altcoin that's a different story because you don't know how much the price in exchanges if they listed in. Mining altcoin is same like gambling because you also don't know which coins is profitable to mine or no scam.

So it is better to mine the coins which are already listed. The best coins to mine now are the Etheruem and ZCash or Monero.

ufaiz50

hero member

Activity: 1666

Merit: 502

Quote from: phaddie on March 11, 2017, 07:55:58 PM

Quote from: Antoshka on March 11, 2017, 01:19:10 PM

Quote from: Text on March 10, 2017, 08:01:47 AM

Mining an altcoin now is worth it but for bitcoin I don't think so. But we should always remember that we are taking risks, we don't know if that altcoin can survive in the crypto world for a long run and can help you to make profits. It requires outstanding hardware components for you to feel that you're really earning...

I agree with you, it's very hard to get bitcoins on your computer. It is necessary to make large investments in the purchase of equipment and payment for electricity. In the end, you get very little

Its not worth to invest in mining now as it will require capital to buy equipment and if electricity cost is higher in your country then it won't give you the best profits that you are looking for so the best thing to do at a moment is buy bitcoins and save them for future to earn good profits.

bitcoin mining is not as better with buying bitcoin then save it. although the price of bitcoin including very high but for some reason the bitcoin mining just earn little profits even can't profit because costs for mining, why?

Topic: Mining coins save or sell it? - page 28. (Read 106756 times)