Mining vs Buying Altcoins, which option is better?

bummm

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Quote from: zxl912157 on October 16, 2018, 09:04:28 PM

Both of them have nothing good, even if mine is also used up with electricity and VGA maintenance costs.
Then if you buy in the market, the price will go down, maybe it's better now to wait for Altcoins to rise again.

Actually, I think that investing in altcoins now is better than mining. Miners get fewer and fewer awards for their actions, and this business becomes not profitable. Additionally, the electricity and equipment are expensive.

okala

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Quote from: webhits on July 12, 2017, 06:31:34 AM

What do you think guys is the best to do at the current market situation - are people better of mining cryptos rather than just buying them from market exchanges and wallets?

To some extent it is better to mine altcoins than buying them as mining come with little risk why buying has high risk. I have never buy an altcoins that give me confidence as it price keeps going down day by days. I think mining is important more than trading especially if you have little knowledge on both.

dmty.0809

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Both of them can indeed be run, in my opinion if you want to mine bitcoin you need a large amount of capital, and even then to return capital must take a long time, so it's better to buy coins that are falling in value, then sell when rising. You don't need a long time, and the capital returns quickly.

Golftech

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Quote from: pungopete468 on October 16, 2018, 10:26:38 PM

Trading is better than Minning because it's now not going to make big profits, it will give us a loss because now the electricity costs and the results won't be big. and actually will lose

Both have its downside, though trading have some advantage if you have the skills which will qualify you to identify which coins to buy and make decent profits, while mining also have advantage in the long run if you are not leaning with the daily profits but you are aiming for long term hold, as alts/bitcoin value will bounce back and those save coins will have a good value after some time.

Bay_Harbour_Butcher

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in my opinion, mining and buying altcoins have a big difference, especially in terms of money capital, and time needed. to be able to do mining, you need a very large capital cost, but if you buy altcoins, whatever your capital money can still be called an investment, and get a profit that is equivalent to the capital you spend

Zero1One0

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Quote from: webhits on July 12, 2017, 06:31:34 AM

What do you think guys is the best to do at the current market situation - are people better of mining cryptos rather than just buying them from market exchanges and wallets?

Why not do both as both are income streams in crypto?
I'm doing mining/staking, trading, bounty (translation and signature) & admin work for ICO's.

I'm still doing these today. I'm not rich yet but everything I do to accumulate more as the time passes will somehow get me to where I want to be.

Word of caution: make sure that you still have time for yourself and family. Take some crypto earnings from time to time and enjoy life.
No use accumulating all those crypto if you'll just end up in the hospital due to over crypto-work. Or you've strained relationship with friends or loved ones due to over crypto-work.

Naughty Princess

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Quote from: arimamib on September 03, 2018, 04:25:25 AM

Mining enthusiasts and coin buyers in the marketplace I think is someone's interest in finding or investing in crypto. but I think currently more people are buying coins in the market compared to mining because mining requires tools that I think can cost quite a lot

I agree. People choose where they can used small capital because that is what they afford. Mining need a hardware which is costly than when you just buy some coins on the market. You can have huge volume of the coin when the price is lower then increase afterwards which can give profit. Even me, I choose to buy coins instead of mining because I can buy the amount that I afford.

zhanyiguai261315

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I will choose to buy Altcoins, which requires a lot of money to invest in mining!
And the income from investing in mining is very low. If you buy Altcoins, if you are lucky, you will have multiple benefits!

btc_angela

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Obviously, buying altcoins is better. But for the sake of experience, I really wanted to mine altcoins myself because I have a friend who started to mine last year and it seems very profitable. He just started to have 1 rig only, but it multiply like 10x so I'm sure that he is earning a lot so I just wanted to give it a try and see how it goes for me. Grin

Mr Batman

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I prefer to buy altcoins rather than mining, because if we buy altcoin then we will be faster to get profit, but if we do mining then we need more time to get profit and the most important, capital for mining is huge because we have to spend at least $ 3000 to make mining tools.

pungopete468

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Trading is better than Minning because it's now not going to make big profits, it will give us a loss because now the electricity costs and the results won't be big. and actually will lose

alesanir

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Now mining is not as efficient as it was when the ASIC excavators were born. The coin has gradually moved from POW to POS. So, I think later mining will not bring much profit anymore.

Mr.Gun

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I prefer to buy rather than mine, the coint price is now low you can buy it for investment, choose a potentially good coint, in this case you have to be smart in choosing a coint that is worthy of investment

xonecoinlovers

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If i had to choose between mining and purchasing atlcoin, then at this point i'll choose to purchase on altcoin. cause mining takes a lot of fund to invest on, and also the price to do the maintenance isn't small.

Memeicomel

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Quote from: bitcoinm3ster on October 16, 2018, 09:40:09 PM

Quote from: webhits on July 12, 2017, 06:31:34 AM

What do you think guys is the best to do at the current market situation - are people better of mining cryptos rather than just buying them from market exchanges and wallets?

Now, Mininng is no longer good choice because the profit that it brings is approximate with the electric cost. So, you should use this money to buy Altcoins at this time. Because now there are so many good coins which are having good price to buy

in my opinion, buying Altcoin is a good option to generate substantial profits in the future. Altcoin's ability to continue to grow can make it a distinct advantage by having more profitable Altcoins in the future.

bitcoinm3ster

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Quote from: webhits on July 12, 2017, 06:31:34 AM

What do you think guys is the best to do at the current market situation - are people better of mining cryptos rather than just buying them from market exchanges and wallets?

Now, Mininng is no longer good choice because the profit that it brings is approximate with the electric cost. So, you should use this money to buy Altcoins at this time. Because now there are so many good coins which are having good price to buy

sudeshkumar

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Byying Altcoins at this moment is better option as the cryptocurrencies are trading at lower side. Mining has a fixed amount of investment which can be started at anytime.

zxl912157

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Both of them have nothing good, even if mine is also used up with electricity and VGA maintenance costs.
Then if you buy in the market, the price will go down, maybe it's better now to wait for Altcoins to rise again.

Ayomiqueen

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This depend on you and your target, like in mining you need some equipment to get going and the cost to run it while in trading is your funds and the better coin to choose and your income will depend on the capital you put in same also goes to mining but it require some technical aspects which is major thing to think of , but to me I think trading is cool and cool but if you have all it takes to mine too you can go in to the two all is to get more funds.

jhache

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Quote from: webhits on July 12, 2017, 06:31:34 AM

What do you think guys is the best to do at the current market situation - are people better of mining cryptos rather than just buying them from market exchanges and wallets?

Mining right now does not look very profitable because of the cost of mining can be high but it is always an option to consider since it is one that always gives you an endless supply of coins but buying is just as good. You still have to hold the coins just as long as you are holding the ones who you are getting from mining, but personally I would prefer to buy since I would not have the time to properly run a mining station

Topic: Mining vs Buying Altcoins, which option is better? (Read 2890 times)