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Topic: Mining vs Holding - page 3. (Read 1274 times)

hero member
Activity: 2814
Merit: 618
Leading Crypto Sports Betting & Casino Platform
September 27, 2021, 06:23:57 AM
Guys, how are you doing with mining now? I'm just not sure if it can do the same thing now as it did before.

Mining is difficult, resource consuming and also expensive.  Unless you have a very big setup, the mining may not be profitable too. The ROI on mining is very slow.   

Trading is easy to setup but you need to have full expertise to get good returns in trading.
newbie
Activity: 10
Merit: 0
September 27, 2021, 04:28:42 AM
holding. Twitter has launched Bitcoin support for users
but it doesn't seem to help
sr. member
Activity: 1666
Merit: 426
September 26, 2021, 05:25:23 PM
Investing wouldn't require you to fork in thousands of dollars in resources alone to earn considerable profit. The thing about mining is that it is only profitable when there are lesser people on the pool, and since millions of people are already mining nowadays, there is a good chance that your standard rig wouldn't be so profitable after all. Investing on the other hand doesn't require that much money, just a good enough capital for you to start you journey, from there the path is already laid in front of you, and you just need to make wise decisions to profit.
Mining VS Holding if I choose for now, then I will choose holding, with holding we can search for coins through a bounty campaign or airdrop so we can increase our profits.
For Mining at this time, I think there is still a chance to get multiple profits, it's just that equipment and maintenance costs money so that it will reduce mining income.
This is funny but it makes sense for the beginner investor to scour the vast expanse of the internet for paid promotions and bounty campaigns, however, keep in mind that you may also need to invest a couple of your hard-earned dollars as well because as of the moment salary for such jobs don't sound so great. That's what I did, and it had helped me develop more into the investing scene.
jr. member
Activity: 448
Merit: 2
Think better
September 26, 2021, 05:14:46 PM
Mining VS Holding if I choose for now, then I will choose holding, with holding we can search for coins through a bounty campaign or airdrop so we can increase our profits.
For Mining at this time, I think there is still a chance to get multiple profits, it's just that equipment and maintenance costs money so that it will reduce mining income.
full member
Activity: 910
Merit: 101
September 26, 2021, 04:00:39 PM
The capital spent on mining at this time is also getting bigger, in addition to expensive equipment, the cost of electricity also makes me hesitant to mine. For me, between Holding and Mining I prefer to do holding, this is much better in terms of energy and time that we use can be more efficient and can be used to complete other work.
sr. member
Activity: 2296
Merit: 348
September 26, 2021, 03:30:42 PM
Guys, how are you doing with mining now? I'm just not sure if it can do the same thing now as it did before.
Yes, you are right now mining is not like before because it's not profitable like in past and trading is some better because if you're holder then surely you will be able to manage things for better profit. But in mining, you have more risk to lost your initial fund due to many factors which are not manageable if you are not technical person.
But, if you are holder then just buy coin or token and check price then wait for green signal and take your profit. I personally prefer to hold as mining is never been ideal for me where I am living due to cost of electricity.
hero member
Activity: 1120
Merit: 887
Livecasino.io
September 26, 2021, 12:29:07 PM
I have developed a project
https://github.com/peroksid90/crypto_calculator

to compare mining vs holding. Contributions and comments are welcome.

For example,
you have 2500 $.
You can buy a miner or just invest this money to BTC.
Which is better in the long run?



So at the end we see:

the worst case: do mining and sell mined profit every day (red line) (7300$)
the better: just buy and hold (olive line) (8200 $)
the best: do mining and don't sell. (magenta)  (12500 $)

magenta and red doesn't include the miner market price. So actually we should add it to the profit, because the equipment price is also rise(even used).




I find this project really interesting. Did you consider other variables like the energy cost? I recon that this result can't be generalized to other regions in the world considering a lot of economic costs. Having said that personally, the "buy and hold" strategy works well for me.
full member
Activity: 868
Merit: 106
September 26, 2021, 11:54:20 AM
And for sure holding will be the majority of choices here.

In Mining there are a lot of factors to consider, obviously you should live in a country wherein electricity is quite cheap, and then the space itself and the mining gear, as far as I know it's hard to acquire the hardware currently.

So in the long run it's better to invest and then hold for long term. Less hassle on your part. In any case, this tool might be helpful for those who want to try mining.
Yes, I agree. In addition, mining also requires more costs and the time used is also very long. Readiness in waiting to be able to return the capital that has been used to buy mining equipment and maintenance costs are also more complicated. I think doing holding is a good idea instead of having to do mining.
jr. member
Activity: 140
Merit: 2
September 26, 2021, 10:49:27 AM
Guys, how are you doing with mining now? I'm just not sure if it can do the same thing now as it did before.
sr. member
Activity: 412
Merit: 250
September 26, 2021, 10:41:01 AM
I have developed a project
https://github.com/peroksid90/crypto_calculator

to compare mining vs holding. Contributions and comments are welcome.

For example,
you have 2500 $.
You can buy a miner or just invest this money to BTC.
Which is better in the long run?



So at the end we see:

the worst case: do mining and sell mined profit every day (red line) (7300$)
the better: just buy and hold (olive line) (8200 $)
the best: do mining and don't sell. (magenta)  (12500 $)

magenta and red doesn't include the miner market price. So actually we should add it to the profit, because the equipment price is also rise(even used).




With this kind investment you would be better of with just buying Ethereum and holding. I believe that in the short run you can get more profit by holding Eth than holding or mining BTC. In order to start a successful mining operation you would need at least 100k and hope that BTC would never drop bellow 40k to have a ROI in about a year or so... I guess that by holding and stacking 100k in BTC you would still have about the same return. If you haven't get into mining like 7\8 years ago, now it is not the time to get in. There are far more profitable options to get into cryptos.
sr. member
Activity: 1302
Merit: 250
September 26, 2021, 10:25:26 AM
Mining is not good ideas to earn money and better with holding, I know with mining you can purchase and earn coin every day but have you calculated with mining machine price? how much cost you pay every month for electricity without it your mining is nor working yet. I think if you have money and try to mining coin better buy coin have staking system, harvest every day without worry about electricity how much you need to pay every month and mining machine service.
it's true but I also don't think day trading is a good idea when it's used for beginners, considering that day trading requires pretty good research.
and even for mining, I think it is like that, there are several things that must be considered.
however, it is suitable for those who really don't want to do anything either in research or looking at charts every day.
and mining is one of the good things to do for those who want to earn regular income.
copper member
Activity: 1428
Merit: 253
September 26, 2021, 10:10:46 AM
I did both. neither of the two best ways to get those benefits. it's just that choosing the right asset for the two is certainly different.
I hold BTC and BNB. also staking Banana and CAKE.
both ways have their advantages and I enjoy that.
sr. member
Activity: 1792
Merit: 255
September 26, 2021, 08:52:43 AM
For now I focus on long-term holding, mining and holding are 2 different things, I once was mining in 2014 with 2 units of Bitmain S5 at that time I got a net profit of around $400, but after the halving day in 2016 the mining income dropped and the end of 2016 I sold because about 4 months of loss.
full member
Activity: 1050
Merit: 100
September 26, 2021, 08:30:20 AM
hallo good night .... Smiley

In almost all instances investing for the average person would be more worthwhile unless you can fill a warehouse full of miners with cheap electricity and then you would be earning a lot more over the long run. The thing is with investing it bares a lot of risks and you have to time it correctly with mining its generated passive income all the time.
Well in mining, it's profitable if you have huge capital unlike in just simply holding and buying bitcoin. It takes time as you profit but as you said, you're just taking a bare risk.

So the idea of high risk, high reward is also applicable to this choice. But for someone like plankton like me, owning a mining facility is just a dream but thanks to holding, we can still be like them that can earn from bitcoin.
Mining requires large capital, and for now I may not be able to realize it. just like you, roasting the coins that we have is a good choice at this time to profit from the investments we hold. but to hold it is not an easy thing, because sooner or later the market moves according to our wishes. different from mining where we get income from our mining activities
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
September 26, 2021, 06:21:14 AM
hallo good night .... Smiley

In almost all instances investing for the average person would be more worthwhile unless you can fill a warehouse full of miners with cheap electricity and then you would be earning a lot more over the long run. The thing is with investing it bares a lot of risks and you have to time it correctly with mining its generated passive income all the time.
Well in mining, it's profitable if you have huge capital unlike in just simply holding and buying bitcoin. It takes time as you profit but as you said, you're just taking a bare risk.

So the idea of high risk, high reward is also applicable to this choice. But for someone like plankton like me, owning a mining facility is just a dream but thanks to holding, we can still be like them that can earn from bitcoin.
hero member
Activity: 3010
Merit: 794
September 26, 2021, 06:15:55 AM
Miners need a lot of capital to buy machines and need funds to pay electricity bills every month. Basically, for those who mine, they have to prepare a lot of capital, but if hold only needs money to buy tokens and hold it then I am interested in holding rather than mining.
If we talk about capital, then both mining and holding both require capital. To mine you just need to run the mining machine to generate the coins you mine and the income you get in my opinion is very instant. Although the cost of buying a mining machine and running a mining operation is quite expensive, I think the income they generate is quite worth it, especially if the price of the coin you are mining is in a good trend. For holding, you only need to set a time limit and the target you want to achieve with the assets you invest like bitcoin. The revenue generated may not be instant due to price volatility. It took some time to profit from it although in the long run bitcoin is quite profitable. For the two options above it all depends on interest. Miners can also still hold all their mined coins long term and sell them at a higher price. I like both, but it really depends on the capital.
Holding and miners are both profitable, I just explained for those who have small capital can't afford a machine to mine so I recommend investing in tokens because their capital is not enough to buy a mining machine.
I think not about with bigger or smaller capital but most profitable holding or staking coins than mining, with staking and have other recommended with farming every day you can harvest your coin staking without pay electricity and worry about your mining machine is working or not, but mining when your electricity country down you not get anything from your mining.
Can you specifically tell on what cloud mining or staking platform that you could able to harvest on what you do have gained on a particular day? As far as i know and based up on awareness then there is a certain

duration or time on where you could able to pull those off unless if you do talk about in-wallet staking which is commonly can be seen on most shit coins.When it comes to mining then this isnt something that

everybody could deal with not only with complexity but also into the capital that it needs.

sr. member
Activity: 1344
Merit: 270
September 26, 2021, 05:14:57 AM
Miners need a lot of capital to buy machines and need funds to pay electricity bills every month. Basically, for those who mine, they have to prepare a lot of capital, but if hold only needs money to buy tokens and hold it then I am interested in holding rather than mining.
If we talk about capital, then both mining and holding both require capital. To mine you just need to run the mining machine to generate the coins you mine and the income you get in my opinion is very instant. Although the cost of buying a mining machine and running a mining operation is quite expensive, I think the income they generate is quite worth it, especially if the price of the coin you are mining is in a good trend. For holding, you only need to set a time limit and the target you want to achieve with the assets you invest like bitcoin. The revenue generated may not be instant due to price volatility. It took some time to profit from it although in the long run bitcoin is quite profitable. For the two options above it all depends on interest. Miners can also still hold all their mined coins long term and sell them at a higher price. I like both, but it really depends on the capital.
Holding and miners are both profitable, I just explained for those who have small capital can't afford a machine to mine so I recommend investing in tokens because their capital is not enough to buy a mining machine.
I think not about with bigger or smaller capital but most profitable holding or staking coins than mining, with staking and have other recommended with farming every day you can harvest your coin staking without pay electricity and worry about your mining machine is working or not, but mining when your electricity country down you not get anything from your mining.
full member
Activity: 1554
Merit: 123
Buzz App - Spin wheel, farm rewards
September 26, 2021, 01:33:59 AM
Miners need a lot of capital to buy machines and need funds to pay electricity bills every month. Basically, for those who mine, they have to prepare a lot of capital, but if hold only needs money to buy tokens and hold it then I am interested in holding rather than mining.
If we talk about capital, then both mining and holding both require capital. To mine you just need to run the mining machine to generate the coins you mine and the income you get in my opinion is very instant. Although the cost of buying a mining machine and running a mining operation is quite expensive, I think the income they generate is quite worth it, especially if the price of the coin you are mining is in a good trend. For holding, you only need to set a time limit and the target you want to achieve with the assets you invest like bitcoin. The revenue generated may not be instant due to price volatility. It took some time to profit from it although in the long run bitcoin is quite profitable. For the two options above it all depends on interest. Miners can also still hold all their mined coins long term and sell them at a higher price. I like both, but it really depends on the capital.
Holding and miners are both profitable, I just explained for those who have small capital can't afford a machine to mine so I recommend investing in tokens because their capital is not enough to buy a mining machine.
jr. member
Activity: 507
Merit: 2
September 26, 2021, 01:12:51 AM
hallo good night .... Smiley

In almost all instances investing for the average person would be more worthwhile unless you can fill a warehouse full of miners with cheap electricity and then you would be earning a lot more over the long run. The thing is with investing it bares a lot of risks and you have to time it correctly with mining its generated passive income all the time.
full member
Activity: 630
Merit: 102
September 25, 2021, 12:26:58 PM
Mining is not good ideas to earn money and better with holding, I know with mining you can purchase and earn coin every day but have you calculated with mining machine price? how much cost you pay every month for electricity without it your mining is nor working yet. I think if you have money and try to mining coin better buy coin have staking system, harvest every day without worry about electricity how much you need to pay every month and mining machine service.
I think with you, maybe because I don't have much money to buy tools for mining and am afraid of expensive electricity costs, therefore I prefer to buy coins and hold them for profit. And actually there are many choices of coins that we can hold to get these benefits, you don't have to buy in large quantities, just buy enough. 
In addition to the high cost, coin mining also has to be constantly updated with more sophisticated and modern tools to get more results, and that will definitely cost a lot of money.
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