Topic: Mining vs Direct Coin Purchase - page 3. (Read 534 times)
In my opinion, mining is not very profitable right now and time-consuming. You need to invest a lot of money in the mining hardware to be profitable and to stay competitive against others miners. I prefer to buy bitcoin directly and just hodl for a few years instead of mining.
you can do both and have the maximum profit possible.
how it works is that you choose altcoins that are most profitable based on factors that are affecting mining profitability like their difficulty. and then maximize your mining profitability.
then you can use the profit that you gain by dumping those coins to invest in other coins that are getting pumped. in other words you can become a short term trader and make a decent amount of money from that too.
how it works is that you choose altcoins that are most profitable based on factors that are affecting mining profitability like their difficulty. and then maximize your mining profitability.
then you can use the profit that you gain by dumping those coins to invest in other coins that are getting pumped. in other words you can become a short term trader and make a decent amount of money from that too.
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?
Hallo
At the moment mining is not very profitable and I'd prefer buying the coins directly.
If you have trading skills, you can earn more then mining + hold too.
I prefer direct coin purchase than mining if you have spare money. Mining needs equiptment maintenance and takes a long time to accumulate decent a value. While if you buy a coin directly you can sell it on a high price by leaving a sell order on trade.
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?
If you are afraid of taking risks it is better you go for minining and if you can take risk trading or direct purchase of coins is more profitable. I have not tried minining but I have been learning and trying to calculate how minining actually work and how profitable it was and one thing I find out is that it is less risky and also less in profit or return on investment. littlebit high from Cooling and Electricity bill Cost.
quiestion is which is profitable Mining or Direct Coin Purchase?
Mining is also free heat in the colder months. Cost same per temperature unit to heat with electronics (miners, gpu, staking computers) as it does with electric heaters.
what will you do in hotter months
extra cost for cooling.i think direct coin purchasing for long term is more advantageous. mining hardwares are quickly became older. you can earn 1000 dollar in this month. but next mont it can drop to 500.
maybe your roi can be 24 month
All about hardware costs and solid setup planning +luck!
Things you can control, overview:
1. Entry price of hardware.
2. Costs of electricity.
3. Mining profit for the hardware at the current point in time and future curve if price of the mined coin(s) stays the same.
4. Setup preparation, failover measures, setup protection.
Things out of your control entirely or partly:
1. Mining profit from the entry point of hardware buy.
2. Software issues on upgrades.
3. Hardware failure, burned boards for ex.
4. Fire, water - anything that can damage hardware physically.
5. Gov regulation or other unlikely issues.
6. Theft physical and digital.
First things that came to my mind. May it helps
Things you can control, overview:
1. Entry price of hardware.
2. Costs of electricity.
3. Mining profit for the hardware at the current point in time and future curve if price of the mined coin(s) stays the same.
4. Setup preparation, failover measures, setup protection.
Things out of your control entirely or partly:
1. Mining profit from the entry point of hardware buy.
2. Software issues on upgrades.
3. Hardware failure, burned boards for ex.
4. Fire, water - anything that can damage hardware physically.
5. Gov regulation or other unlikely issues.
6. Theft physical and digital.
First things that came to my mind. May it helps
Mining is a longterm way to earn money from cryptocurrency, you need to invest a lot of money at the start but if you wanna buy cryptocurrency directly I think it's much better if you don't have much time to take care of mining 
. You just need to buy then hold as long as you want but with mining you need to spend a lot of time everyday to ensure that everything is still fine.
. You just need to buy then hold as long as you want but with mining you need to spend a lot of time everyday to ensure that everything is still fine. 
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?
For me, mining experience wasn't profitable so I just left the mining and now just invest in ICOs and purchase coins through exchanges. I think now mining is profitable for deep pocket guys only.
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?
in my opinion, I will calculate which budget is bigger, if the cost incurred for mining is very big every month I better do inves or buy coins directly yes although a bit risky but will lower my budget.littlebit high from Cooling and Electricity bill Cost.
quiestion is which is profitable Mining or Direct Coin Purchase?
Mining is also free heat in the colder months. Cost same per temperature unit to heat with electronics (miners, gpu, staking computers) as it does with electric heaters.
Buying directly will most likely give you a better result as you don't have to focus on mining startup costs, but mining if done correctly could get you a better base price especially if you enter a coin early on in its progression.
Both are very profitable and it will depend on you what you would want to invest your money and time just remember that both carry risks and you should know how to handle then. For instance mining is very stable if certain conditions are met like electricity, miming difficulties and altcoin price while in buying altcoins depending what you are doing the risk like for ICO is the threat of it being a scam or the alcoins does not have any value.
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?
in my opinion, I will calculate which budget is bigger, if the cost incurred for mining is very big every month I better do inves or buy coins directly yes although a bit risky but will lower my budget. littlebit high from Cooling and Electricity bill Cost.
quiestion is which is profitable Mining or Direct Coin Purchase?
Mining takes a lot of effort and resources to see the fruits of your ROI, costly equipment to compete with other miners and to increase your hash rates, block rewards are being changed constantly depends on the altcoin itself, it needs cheap electricity to take advantage of its profit, location and the coins that you will mine, unlike with the purchase you just need some capital, right altcoin to invest, right timing and knowledge plus patience from holding.
Mining is in my opinion too much time and wealth consuming process. You need to be very proffessional at that coin to mine that efficiently. On the other hand buying off coins is so much easier, and you can do it in no time..
Overall both have their advantage and disadvantage like both need certain amount of money so you can simply make a profit, In advantage of mining if your miner will always make a ROI you will simply don't need to think about expenses because you are assured that you can pay for it because you are accumulating coins from the mining RIG, But if you your mining paraphernalia doesn't have enough ROI to accommodate all of its expenses then better stop and change the coin you are mining, or maybe your place of choice for mining is not compatible at all, Well just purchase Coin directly but it will take a lot of time before it profit when the value increases.
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?
Personally I think that buying coin directly is much more profitable because we can analyze the coin price. doing the mining requires a lot of things needed, we must determine from the beginning of the coin that we will mining and we admit all that it is very difficult.littlebit high from Cooling and Electricity bill Cost.
quiestion is which is profitable Mining or Direct Coin Purchase?
In many countries that the cost of electricity is a scary thing because most of the operational costs should be used to pay for electricity. Oh yes we also have to have a very large capital to buy used hardware mining devices. So the conclusion that I would prefer to buy coin directly than have to do mining.
Mining is safe if very low income.But i'm not going to ICO investment,sometimes it was low risky now at the present time i see ico investment more risky this is my personal opinion.
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?
Here's the comparisonlittlebit high from Cooling and Electricity bill Cost.
quiestion is which is profitable Mining or Direct Coin Purchase?
Mining
- Longterm ROI (this will be suitable if there will be no halving and if the con will be getting another halving and then your ROI period will increase)
- ASIC domination, that means ASIC has been dominating all of the cryptocurrency right now and there is a lot of hash battle.
The only advantage from mining because you can get guarantee by owned your mining rig.
Direct purchase is much better compared with mining.
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