Mining coins save or sell it? - page 43.

freedomgo

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Quote from: HaXX0R1337 on September 20, 2016, 12:01:31 AM

I dont like mining, because it is really not profitable right now, unless you have good hardware + a lot of money to invest.
However if you really mining them, i would suggest holding till you can get good price for it. You won't make much if you sell them fast i guess.

Venturing into that kind of business is not profitable for small businessman and we know the every halving the difficulty of mining increase, I would not even consider it as a good investment although we are just investing in a certain mining site, for me, I will just leave it to the big companies as there are many opportunities here that fits for me.

HaXX0R1337

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I dont like mining, because it is really not profitable right now, unless you have good hardware + a lot of money to invest.
However if you really mining them, i would suggest holding till you can get good price for it. You won't make much if you sell them fast i guess.

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Quote from: bitbunnny on September 19, 2016, 01:54:02 PM

If you put so much money, time and effort into mining then don't sell it unles thus you would earn much, much more then you have invested. It's better to keep those coins. But I would suggest not to mine Bitcoin anymore, unles on a large scale, it is not profitable enough anymore.

But how about if there is going to be an emergency happened to you. And you don't have enough money for using it? I guess this is a case to case basis and if you are going to fall with this type of scenario you don't have a choice but to sell your bitcoins or your alt coins. But as long as there is none, then just keep on saving it.

andyste

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and price up rice reach very high you can sell

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If you put so much money, time and effort into mining then don't sell it unles thus you would earn much, much more then you have invested. It's better to keep those coins. But I would suggest not to mine Bitcoin anymore, unles on a large scale, it is not profitable enough anymore.

praprata

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Quote from: TheLastSpicyTuna on November 26, 2015, 02:36:37 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?

Mining Bitcoin was pretty handy a couple of months ago but not anymore because of the halving that came in now mining is just useless.
Now you will have to invest in Bitcoin if you want to make some extra money with it.

Caladonian

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Quote from: goldcoinminer on September 18, 2016, 05:18:39 AM

Quote from: Xestadar on September 18, 2016, 03:06:02 AM

Quote from: asriloni on September 18, 2016, 02:16:44 AM

Quote from: Fappanu on September 14, 2016, 02:30:28 AM

I also like to use the GPU mining as it can be used to mine many different coins with quite high profitability.

i'm agree with you,using GPU will give us benefits when going to mine altcoin,so we're not going to only mine bitcoin but another altcoin that seems profitable and exchange it to bitcoin when bitcoin's difficulties is just too high and seems not profitable anymore since halving just occur,only big miners will get the profit by mining bitcoin

For the time being, mining altcoin is more profitable than mining the bitcoin. You can get many altcoins.

It is, but you need to choose the type of altcoin you will focus, because there are altcoins that has no future and you will just be wasting your time and money mining worthless coins.

example of that is crx the dev abandoned that while it is still hot from yobit and most of traders got disappointed.

Sidas_Crew669

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Quote from: trinaldao on September 18, 2016, 05:30:28 AM

im mining ethereum classic, i get arround 5 etc perday, and im still hold it

because im sure in next day/week/month ethereum classic will rising again to price 0.006
if im right with my speculation, i can get ROI faster then sell now.

Something extraordinary commitment to friends, I never thought that cryptocurrency could be like that in the future, because now it's been won by bitcoin altcoin would be very difficult and could rival the bitcoin bitcoin has, because it is an outstanding Foundation

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im mining ethereum classic, i get arround 5 etc perday, and im still hold it

because im sure in next day/week/month ethereum classic will rising again to price 0.006
if im right with my speculation, i can get ROI faster then sell now.

goldcoinminer

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Quote from: Xestadar on September 18, 2016, 03:06:02 AM

Quote from: asriloni on September 18, 2016, 02:16:44 AM

Quote from: Fappanu on September 14, 2016, 02:30:28 AM

I also like to use the GPU mining as it can be used to mine many different coins with quite high profitability.

i'm agree with you,using GPU will give us benefits when going to mine altcoin,so we're not going to only mine bitcoin but another altcoin that seems profitable and exchange it to bitcoin when bitcoin's difficulties is just too high and seems not profitable anymore since halving just occur,only big miners will get the profit by mining bitcoin

For the time being, mining altcoin is more profitable than mining the bitcoin. You can get many altcoins.

It is, but you need to choose the type of altcoin you will focus, because there are altcoins that has no future and you will just be wasting your time and money mining worthless coins.

Xestadar

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Quote from: asriloni on September 18, 2016, 02:16:44 AM

Quote from: Fappanu on September 14, 2016, 02:30:28 AM

I also like to use the GPU mining as it can be used to mine many different coins with quite high profitability.

i'm agree with you,using GPU will give us benefits when going to mine altcoin,so we're not going to only mine bitcoin but another altcoin that seems profitable and exchange it to bitcoin when bitcoin's difficulties is just too high and seems not profitable anymore since halving just occur,only big miners will get the profit by mining bitcoin

For the time being, mining altcoin is more profitable than mining the bitcoin. You can get many altcoins.

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Quote from: Fappanu on September 14, 2016, 02:30:28 AM

I also like to use the GPU mining as it can be used to mine many different coins with quite high profitability.

i'm agree with you,using GPU will give us benefits when going to mine altcoin,so we're not going to only mine bitcoin but another altcoin that seems profitable and exchange it to bitcoin when bitcoin's difficulties is just too high and seems not profitable anymore since halving just occur,only big miners will get the profit by mining bitcoin

relq

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It's depend. If i predict that mining coins have a good future, i will keep it until the price of that coin increase, but if i feel that coin is not good, i will sell it directly, just play safe and enjoy your money.

doomistake

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If you mean bitcoins, I think saving it is the best thing to do rather than selling it because you know that mining bitcoin is not that easy. It takes a lot of time, efforts to wait just to mine bitcoins and right now it's currency is still fluctuating that's why it's way more better if you'll just save it and wait until it hits the high sky again. You'll get more profit than selling it if that happens.

sanas

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Quote from: co5hike on September 14, 2016, 04:12:51 AM

As I am not aware about the mining process so I will avoid that option, instead I will prefer to buy them and save them for a long term, and will use some of them in trading to grow my coins for the future.

If you are not a computer expert or familiar with the mining process, it is better to buy and hold the bitcoins.

co5hike

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As I am not aware about the mining process so I will avoid that option, instead I will prefer to buy them and save them for a long term, and will use some of them in trading to grow my coins for the future.

DuckKeeper

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Quote from: Finestream on September 14, 2016, 02:49:08 AM

Quote from: Jiamaf on September 12, 2016, 12:04:43 PM

Quote from: Barbut on September 04, 2016, 09:53:39 AM

Mining is expensive, you need to pay electricity, mining equipment, and only then you can count on profit. Sell enough to cover your expenses, to buy something for yourself, and what is left try to save (something I don't do, and I don't know how) but as we can see price is rising, and this thread is from last november, now price is three times higher, so waiting was smart thing to do in that moment.

Again it's individual decision, every person here is in different situation. Calculate your monthly expenses, see what you need and do what is best for you. Saving coins for future is good thing for now cause price is rising each year. But not everyone of us can afford to wait that rise.

It depends on what you mine. If you mine the bitcoin, ASIC will be useless in a year. But if you mine the altcoins, GPU can be sold later.

Mining bitcoin is not profitable now if you are not using an advance equipment and the difficulty will increase every halving until those who will remain in the business are only the big companies whose main business is mining, maybe the best option is to manage a potential altcoins and hold it for the long term.

You are right about this, its not very profitable anymore, back in the days it was profitable but right now its not anymore.
Some can still make some money but for the most of us its not profitable anymore...

Finestream

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Quote from: Jiamaf on September 12, 2016, 12:04:43 PM

Quote from: Barbut on September 04, 2016, 09:53:39 AM

Mining is expensive, you need to pay electricity, mining equipment, and only then you can count on profit. Sell enough to cover your expenses, to buy something for yourself, and what is left try to save (something I don't do, and I don't know how) but as we can see price is rising, and this thread is from last november, now price is three times higher, so waiting was smart thing to do in that moment.

Again it's individual decision, every person here is in different situation. Calculate your monthly expenses, see what you need and do what is best for you. Saving coins for future is good thing for now cause price is rising each year. But not everyone of us can afford to wait that rise.

It depends on what you mine. If you mine the bitcoin, ASIC will be useless in a year. But if you mine the altcoins, GPU can be sold later.

Mining bitcoin is not profitable now if you are not using an advance equipment and the difficulty will increase every halving until those who will remain in the business are only the big companies whose main business is mining, maybe the best option is to manage a potential altcoins and hold it for the long term.

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Quote from: Jiamaf on September 12, 2016, 12:04:43 PM

Quote from: Barbut on September 04, 2016, 09:53:39 AM

Mining is expensive, you need to pay electricity, mining equipment, and only then you can count on profit. Sell enough to cover your expenses, to buy something for yourself, and what is left try to save (something I don't do, and I don't know how) but as we can see price is rising, and this thread is from last november, now price is three times higher, so waiting was smart thing to do in that moment.

Again it's individual decision, every person here is in different situation. Calculate your monthly expenses, see what you need and do what is best for you. Saving coins for future is good thing for now cause price is rising each year. But not everyone of us can afford to wait that rise.

It depends on what you mine. If you mine the bitcoin, ASIC will be useless in a year. But if you mine the altcoins, GPU can be sold later.

I also like to use the GPU mining as it can be used to mine many different coins with quite high profitability.

Jiamaf

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Quote from: Barbut on September 04, 2016, 09:53:39 AM

Mining is expensive, you need to pay electricity, mining equipment, and only then you can count on profit. Sell enough to cover your expenses, to buy something for yourself, and what is left try to save (something I don't do, and I don't know how) but as we can see price is rising, and this thread is from last november, now price is three times higher, so waiting was smart thing to do in that moment.

Again it's individual decision, every person here is in different situation. Calculate your monthly expenses, see what you need and do what is best for you. Saving coins for future is good thing for now cause price is rising each year. But not everyone of us can afford to wait that rise.

It depends on what you mine. If you mine the bitcoin, ASIC will be useless in a year. But if you mine the altcoins, GPU can be sold later.

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