Topic: Mining vs Buying Altcoins, which option is better? - page 2. (Read 2858 times)
If you mine the crypto currency using POS technology, then you have already explicitly invested your money in this industry, if POW, then you need to go to the store and buy video cards.
It is best to engage in both mining and trading. If you put a couple of rigs, their maintenance will not take much time, but it will give you opportunity to have some cryptocurrencies and better understand the mechanism of the blockchain. The rest of the time you can freely trade.
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 Bitcoin is really a waste of my time, I’d rather buy from exchanges than mine it myself. Mining is not easy and you’re going to lose a lot of money which you’re not going to benefit from later, I’m saying this because that’s how it is where I live, miners don’t gain anything. So it’s best to buy the coins and store them in your wallet while you wait for the price of the coin to rise and you will make huge profit, especially when it gets pumped.
mining now no longer pays,maybe only for that ones that have the energy at a very low price, now have to practice with trading
Coin mining is a much more stable method of earning money than buying altcoin for investment. Exploit for me as a daily job at the company and at the end of the month you can get a fixed amount, as you still have to pay for electricity to be able to operate. Also buy altcoin as you are involved in similar investment in the stock market
I believe that the acquisition of altcoyins is a much more promising topic than the mining it is due to the fact that the mining procedure is a very cumbersome process that requires investments, and there are various aspects and for which it is not profitable
Mining is the safest option but trading is much more profitable. All these things actually depend on many factors like hardware price, electric unit price, your trading skill, market trend etc. If you can take the risk then investing for long-term maybe be the most profitable option in crypto.
I prefer to buy altcoins instead of mining, because I don't have advanced equipment to mine, I'm also more comfortable and easier to trade than mine.
mining tools has depreciation value, and also if we mining coins there were operational cost monthly we should pay.meanwhile buying coins has own benefit , have no depreciation and operational costs.
Choose to mine or buy ALT depending on what you like. As stated by the members of this forum, I make sure that these two things are not easy, need the experience to get these profit
I prefer to buy altcoins instead of mining, because I don't have advanced equipment to mine, I'm also more comfortable and easier to trade than mine.
I think mining is much more interesting for me, you can learn much knowledge about this coins, how it works and meet many friends in this community.
with current market prices mining is also worthless. the income will not be balanced with the expenditure needed to do mining, such as electricity costs and hardware maintenance
Now mining is losing money, the cost of mining is higher than what you mine, so probably cheaper just to buy on the decline some coins and make profit on short positions.
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?
I think that given the current situation in the market, it is better to engage in mining. You can certainly buy, but you need to think very well before buying. After all, prices are now very unstable
You dont need to bother yourself just select one or you can do on both selection just find the advantage and disadvantages of both.
In mining especially in BTC now,the difficulty became high on the other hand buying is also a good thing to do your capital might grow as coins value increases but it takes lot of time depending on the market's demand.I should say whatever you want you should do it now and don't waste time.
In mining especially in BTC now,the difficulty became high on the other hand buying is also a good thing to do your capital might grow as coins value increases but it takes lot of time depending on the market's demand.I should say whatever you want you should do it now and don't waste time.
I rather go buying altcoin than mining. Because lot of mining is scam today there are only legi but of 10 site only 2 is legit so its so hard to find legit mining
Trading , since mining is also profitable but we need to keep in mind very well with the perfect descion whether we should go with which particular coin mining and also we need to find out that whether your electricity costs is very high or low then your mined coins from.your miners and also you need to keep in your mind that the climate where you are living is better or not that remain in favour of the cryptocurrency mining hardware .
Here my recommendation for you is that don't always think that trading will not Result into profit because , trading is the principle way of making earnings in cryptourrency market , so better to do work in trading also with mining .
Both of them are risky but if you will keep patience then surely with time you will make profit .
Here my recommendation for you is that don't always think that trading will not Result into profit because , trading is the principle way of making earnings in cryptourrency market , so better to do work in trading also with mining .
Both of them are risky but if you will keep patience then surely with time you will make profit .
it depends, but mining is usually a lot slower way to acquiring coins (only if you don't have some sort of gigantic computerpark ofc!).
i think buying is the better way to quickly engage in this market
i think buying is the better way to quickly engage in this market
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
Mining and buying altcoins are both great options to be honest, but if I'm to single one out and stick with that for the rest of my life, I would rather choose Buying and investing in altcoins. Reason is that I think that mining is actually more stressful and time consuming, also, you might have to spend a little too much, getting the software needed for the mining process.
For me, I prefer the buying option. Personally I think that mining most of these altcoins are usually very stressful and might require a lot including time. So instead of going through all of that stress, and probably even not getting so much from it, I would rather just invest in the coin if I had money as at the time, or wait for a later time that I can.
But the longer will be more difficult and require a considerable cost. While buying altcoin more to a little certainty to get a big profit. But if we are more thorough and broader our knowledge and insight about altcoin. Did not rule out the results would be perfect. Jump to: