You would be able to answer this question if you understood how to quantify the various costs and rewards involved.
I'm thinking of running a course that explains these fundamentals, if you are interested them PM me.
Topic: Mining vs Direct Coin Purchase (Read 498 times)
I have never been into mining
Check out whattomine.com
Check out whattomine.com
Mining, you do not risk at all but you will always have to invest in the equipment first. Naturally, later you will pay very much for the electricity.
If you believe in cryptocurrency you should mine or stake with Proof of Stake wallets if you have the skills, because it's essential to circulating the blockchains. It's also free heat in the winter months so that earns money every year. It's very easy to use and back up POS Wallets, it's just one small dat file you can put in a few places.
Better to mine and wait till' the value rises again since some altcoin today are good for long term investment.
Its not worth to do mining nowadays since the market is on a bloodbath.
better to directly purchase and do trading as for now since it could take your low profit on electric bills.
If you can take some time then trading can be more profitable than mining, only if you find time to understand the flows even fluctuations will be able bring good opportunities when you enter the market with a good timing, but if you can hold and wait and you still have money to finance your electric bills then mining can possibly bring you decent earnings too. Though both have potentials it's just the timing is needed to learn for your benefits. better to directly purchase and do trading as for now since it could take your low profit on electric bills.
Its not worth to do mining nowadays since the market is on a bloodbath.
better to directly purchase and do trading as for now since it could take your low profit on electric bills.
better to directly purchase and do trading as for now since it could take your low profit on electric bills.
Mining is always a way to get a sustained earning, in the early days it was more profitable and now it was not that profitable because of the increased investment requirements and the increasing difficulty. With this in mind I prefer direct buying over mining.
Mining is always and will always be profitable not just on the old days but also on the current day and on the future. It will always be remain profitable as long as you are using the correct mining hardware , when i say correct it does mean to be updated and the latest mining hardware for a specific coin because mining hardware do always update in order to fix some bugs and other known issues.
But overall i would still prefer buying or investing because as everyone says , it is more easier and less hassel than mining a coin.
The risk is actually greater in mining. because we get a lot of losses if the tool is damaged or later mining is no longer profitable because of the declining price and electricity still have to pay. but all are returned to themselves
Mining is profitable if you wait for a long time, now the difficulties increased and we have a lot of coins to mine little bit confused what to mine. Last year people mined ETH, ETC, LTC, Zcash etc all coins are profitable and the difficulty level also very less. Now the equipment cost is also high and making a profit is also not easy. So for me, direct coin purchase and trading are simple and profitable.
Mining is always a way to get a sustained earning, in the early days it was more profitable and now it was not that profitable because of the increased investment requirements and the increasing difficulty. With this in mind I prefer direct buying over mining.
Direct coin purchase is best option .If you have a idea to mine the coins with any of miners .You have to buy that miner and then make a cooling setup for mining.Then you have to pay some money for Electricity bill.By skipping all this,you can directly buy the bitcoin and need cryptocurrency.
Mining is profitable for places that has low cost of energy but if you are an aspiring miner and you really wanted to do so, notice your place that costs much with electricity.
Buying direct coin purchase is an alternative of it if you want to become an investor in cryptocurrency.
Buying direct coin purchase is an alternative of it if you want to become an investor in cryptocurrency.
presently i have started altcoin Mining and USD valve of Total Generated coin is low.
littlebit high from Cooling and Electricity bill Cost.
quiestion is which is profitable Mining or Direct Coin Purchase?
littlebit high from Cooling and Electricity bill Cost.
quiestion is which is profitable Mining or Direct Coin Purchase?
I prefer to purchase coins because I don’t have all the equipment I need to mine efficiently. In order to mine, I really need a much better computer with a great graphics card. To me, the money it would take to get that is not worth it. It’s simpler to just buy the coins and trade or hold long term. You can still make a good profit if you hold long enough.
presently i have started altcoin Mining and USD valve of Total Generated coin is low.
littlebit high from Cooling and Electricity bill Cost.
quiestion is which is profitable Mining or Direct Coin Purchase?
littlebit high from Cooling and Electricity bill Cost.
quiestion is which is profitable Mining or Direct Coin Purchase?
In my experience it is very hard to generate profits in mining if you don‘t know exactly what you do and without the proper equipment. What altcoins are you mining and what equipment do you use?
This questions has always been a topic of discussion among many people .
The choice is difficult but not impossible to make . Any coin which is already at its peak and is only getting stronger does not need a lot of mining activities because it already have some great mining setups . Just like that investing in an ICO carries some risk because there is no guarantee of success , but the ICO coin mining is always given proper attention and payment.
The choice is difficult but not impossible to make . Any coin which is already at its peak and is only getting stronger does not need a lot of mining activities because it already have some great mining setups . Just like that investing in an ICO carries some risk because there is no guarantee of success , but the ICO coin mining is always given proper attention and payment.
I have never been into mining
Check out whattomine.com
Check out whattomine.com
It depend on whether it is profitable for you to mine the coins. It is better to use a mining profitability calculator to estimate your profit.
From my view, buying the coins directly will be more straight forward and need worry about the equipment set up, maintenance and etc.
From my view, buying the coins directly will be more straight forward and need worry about the equipment set up, maintenance and etc.
for me it will depend on the coin you will purchase, for example the coin you purschase is damp coin then it is better for you to go for mining, but then you need to invest more money for mining power and gadgets.
I think right now it's better to buy coins directly, if you can not compete with other miners, it will severely damage your reputation in the future, let alone the cost required to mine is very expensive, so my advice is better to invest directly but be careful because enough at risk.
it differs, if you think that mining is still profitable go for it. But still you have to think what are the coins that are still profitable and I think I still go for ETH.
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