Topic: Mining vs Holding (Read 1274 times)

then why need to mine when you can earn in trading and HOLD?  mining only profitable in some areas but in majority it is not , though there are altcoins that still good to mine but Bitcoin isn't that good idea at all specially in countries like my own.
also consider trading as well but of course you must learn deeper before putting funds in trading .
just HODL and then find place in trade.my brother use to mine but that makes me have in mind how hard to gain in mining .

In my opinion, mining is currently not very profitable anymore, because payments to miners continue to decrease by half, while electricity costs continue to rise, this can no longer cover mining operational costs. If I have money as capital, I will use it to buy Bitcoin and hold it for a certain time. I think Holding is more profitable at the moment compared to mining.

Wise enough to do only whatever that we really know and understand, moreover rit is related to money, to our financial.
We may not need to follow others to do another thing that we don't know, like mining. Expect that we are going to really learn, having enough funds, and also be ready for the risks.

I personally have chosen investment so far. I only have mined one time on one platform and that was done likely mining by application and the result was very small.
That is why I decided to uninstall it and not even do any mining again.

As someone who thought of being a miner, when you've assessed how much capital you need to mine then you'll just decide to be a holder.

But honestly, if there's a chance that I'll have the funds to buy miners and I'll mine bitcoin and other cryptocurrencies. I'll choose that if it's sustainable but as I know, in my place, electricity isn't cheap that's why it's better to hold.

I'm not very proficient at mining and I know the risk of mining is also big so personally I prefer to invest by holding it. there are some coins that are good to hold like bitcoin and ethereum too. if we can manage and sell it at the right time then we can profit from investing it. but we do have to be more patient to wait for the right time to sell it so we can get the right price.

I would go for which would cost me lesser which is holding. If I go for mining I might not afford the constant electricity plan needed to keep the mining machine in order. Although holding is more risky than mining it cost of maintenance is less and wouldn't cost me much electricity plan and time consumption

Well whatever knowledge that i have i would surely prefer holding rather than mining, one simple experiece that i faced that once i invested ethereum in genesis mining for 2 years contract it even have not given the amount of ethereum back that i invested and the price of ethereum had gone up by 5 times, so that resulted me in loss only.

Mining is something that isnt really for average joe which we know that this is an investment which do requires huge capital and of course you would be considering lots of  factors for you to look up if mining activity would really be that profitable on your side specially with electricity cost and current difficulty
and of course with the price of the coin you are mining.Its true that trading does give out bigger profits in shorter duration but doesnt mean that it is less risky.So its up to you whether which one you would choose up.

Mining can be profitable only when you can afford a place where you get cheap to zero cost electricity (try to go green by using solar electricity as well). Even with low number of equipment in your rig or a single miner, you still can profit if you are a part of a pool because then only will you be able to generate anything out of it as you won't be able to produce a full Bitcoin block with that small sized rig anytime soon.

Holding is risky as well, but it depends on what you are holding and when you entered. If you bought BTC at $45k and sold at $30k after holding for a long time and even saw $65k in between, then that's the type of risk you must conquer. You are also at risk if BTC never manages to get back to the current prices (hardly possible but who knows), and if you choose a shitcoin just by "keeping up with the Joneses", you'll definitely lose more even after holding it for a long time.

Mining if only managed individually with minimal RIG will certainly lose because it calculates electricity costs and mining equipment maintenance costs which will swell over time. Mining bitcoin requires a large amount of electricity and will operate for 24 hours non-stop, this must also be supported by a good circulation or cooling system so that the mining room is not hot. Mining bitcoin or other coins requires a large amount of capital.

As for Holding, it is very easy and can use any capital, the more capital, the more profits. Holding also requires extra patience and clear targets. To do Holding, enter the market at a deep price and hold it up to the maximum target. Longterm may take months to years, depending on the target to be achieved.

If asked to choose between the two I would prefer trading even though the gains are not as much as mining. This is because I think that with mining you need extra time, not only that you also have to use strong and adequate electronic devices and use large amounts of electricity. If I myself find it difficult to get these things, plus it must be a negative use. This is just my opinion.

between mining and holding are two different things, for those who have initial capital, have time I think choosing mining and holding will be better, because mining is like us working while holding is like we invest, mining is like getting wages, while holding is like we seek profit. but for those who don't have enough capital I think choosing holding we can make money because we don't have to buy 1 bitcoin

Mining is clearly true what you say, in addition to electricity costs of course for the purchase of equipment and repair costs need to be prepared in advance, maybe the calculation is quite large.
but with the enormous costs incurred, it is certain that the income is also quite attractive, especially now that the prices of all coins are rising sharply.

not an unprofitable investment !!! it's the same as mining, what makes the difference is the possible profit and the way it works that will make the difference. after all, investment is also profitable, especially if you invest in very potential coins such as BTC, ETH, BNB, DOT, ADA etc. which are at the best rank in CMC/CG, but obviously the costs needed to be able to produce the maximum will be the same as when you started mining. , because now what you want to invest in is indeed quite expensive.

real facts with what you say, because it takes a lot of initial capital if you want to start mining. different from investments that may be adjusted to the capital we will invest in. but in mining it is clear that the cost cannot be cut because it is a definite need, in mining. always prepare a reserve fund which at any time must be used in an urgent situation and cannot be postponed if you do not want to lose, of course.

clearly what distinguishes mining from investment is the portion that will be prepared, obviously mining is very unpredictable and can always change at any time and the need for funds must always be provided differently from investing and holding it, after buying a coin that you believe in then you just sit quietly to wait for the upgrade to your liking if you want to release it.

You deserve at least a recognition, I can't imagine myself developing a program intended for comparing mining vs. hodling, worst case is definitely mining and then investing it right away, hodling alone is really practical, but mining and hodling is definitely the best solution.

I thought that OP was going to actually compare mining between hodling but I like the effort of actually coding a program wherein it picks which option is the best and I agree, hodling while mining may be the best case amongst the other options, hodling alone is actually better but if you try trading or even investing while you hodl, better income definitely.

My decision: HODL

In September, there was a record on the Bitcoin network. Never before have so many hashes been generated per second. This means the network is very very strong and extremely secure and it is growing. The miners are getting stronger and more miners are joining. So more hashes, stronger is the network. This makes it incredibly hard to manipulate it. What do I mean by that?

The acceptance starts with the network and compares the statistics, that looks good. The mainstream has been very involved with Bitcoin since this year and there is currently no end. I am glad that the miners exist and make the network strong. I like Bitcoin and will stay with it as long as I can.

One thing is a fact, you need to shell out huge amount of money to become a miner if you are looking for any profit, getting the latest ASIC is a headache on its own and you will see a new competitive mining hardware ready to hit the market and if that happens your plans are doomed if you are in a limited budget. I think you prefer POS where you can simply stake the coins and make money but the biggest question will be how long anyone will be willing to stake the coins and how the system can be decentralized

If we compare mining to HOLDing instead of HODLing, then I would say that holding is much better. Holding means that usually you hold but sometimes you may trade. Just have a look at the charts: Bitcoin reached 60K, did you sell? Great! Then you could take the advantage of dip for three times and the dip was 30K. Did you bought at 30K? Then, since you hold, now, after some weeks came a good time to sell again at 60K. Amazing profits, right?
Mining needs place to store your miners, cooling, then a personnel who will take care of the miners, then some equipment may get damaged, etc. I would say that mining is a good option when the halving has happened and more than 1 year has passed and there is at least 2 year left before the upcoming halving.

you are indirectly telling that it all depends on the current location and conditions which may occur.
it is true that things like this will have an effect but when we talk about the beginning of course we must also consider when we want to become a hodler we have to see where we will stop being a hodler and where we will start being a hodler.
other than that mining is quite good but we have to be ready when something is not wanted and indeed the initial capital is quite large.

Mining seriously takes much electricity and the amount we earn, 70 percentage of earnings will go as electricity bill and the remaining will be for pocket and mining needs a lump of investment at the beginning. However, investing and holding the coins for long term is going to yield a good profit especially the top most coins like BTC, ETH, BNB and etc                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

crypto holding is best the mining holding is give us huge profit so bset is holding