Topic: Mining vs Holding - page 4. (Read 1274 times)
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.
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.
The problem with mining is that it needs to be set-up in a strategic geographic location so you can re-direct the heat from the mining CPUs working. In addition, tremendous amount of power is being used which may add to the cost of electricity in your country. That is why, most miners strategically place their equipments in locations where there is continuous airflow in order to prevent overheating.
Personally, with the costs of video cards skyrocketing in the market, HODLing is the way to go. Not only you earn passively but you are also giving BTC the opportunity for its price to skyrocket without even doing anything other than investing the your initial capital.
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.
Mining machines of the past were not common and were not powerful enough, and for better technologies, cost was a huge issue at first and at that time there was no technical sharing, investors still think it takes a lot of money to become a miner but a fact and experience of miners on Youtube shared quite a lot is that it only takes some capital to buy a few small diggers, no farm size is needed to become a full-fledged miner. However, modern technology also prevents the return of capital, takes from six months to a year to stabilize and requires most of the mining knowledge to be effective, it frustrates many newbies 
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.
At this situation i don't think mining is a good choice because the price VGA on my country is very high and after the china banned it very affected the whole market untill now the price of bitcoin is still very far from ATH. So, i will choose holding instead of mining.
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.
That's one of my biggest dream. To have a mining tools and to patiently wait while mining. But its a huge cost and investment to have these. I think i have to work hard for now with other profitable income while working in a regular badd so I can save up money for my dream. I wonder how many years do I have to wait for me to achieve these? Hmm, I think i have to tight my belt and improve more on self discipline so I can be ready for this someday.
Without getting much to say we all know mining isn't an easy task, the cost for mining is much and requires energy, so for any average individual it would be better to wait for a market crash or a big dip then invest the capital and save your self much cost and stress, investing make things easier, just hold for a long time till price increases then you can start taking your profits.
Basically, if we have more capital and enough insight into mining, it's still very feasible to do, and if both are done.. it's certainly very encouraging for income, but here is the condition of us talking.But if you compare it.. yes of course most people choose to invest because it's easier to do, just requires patience and consistency.
I think investing or buying is a very simple and uncomplicated choice and also relaxed in doing it, and in return it is more promising than mining and but it all depends on individual skills and if like technology will definitely choose to mine and invest or buy is neutral most importantly have good knowledge and understanding.
but investment is indeed the most qualified and simpler. but it comes back to the skills of each individual regardless of which one is the best.
Mining is primarily cash based business that transfer their assets to cover expenses. I think that it is more easier to hold rather than mining just because you must need to pay large energy cost for mining. Holding is much easier as compared to mining.
obviously mining is definitely very profitable, because more and more people want to do it every day because the value of the coin is now high. but we also have to think about the initial cost for mining capital, we know that the equipment used is quite a lot and it's true as you said energy costs are also high. so the cost for the start of mining is not small to be able to get according to estimates so that you can BEP (Break Even Point) as soon as possible.It's definitely much easier but I think that if you put enough money into mining and you have the cheapest electricity and you can utilize the heat from the rigs then you will be able to make a decent if not big profit out of mining, hodling is more of an individual thing.
Much has been done for mining so that costs can be reduced by all means, because the use of energy is clearly the most expensive and the next biggest cost. but if it is running, mining is very profitable and remember the price of coins is very high at this time.but if you want to do something less risky and tired to think about everything, holding bitcoins for a certain period of time is equally profitable, because bitcoins will definitely increase and reach renewable ATH. but not for altcoins of course because there can be no guarantee, other than top-ranked altoins or those that are just growing and the potential will obviously be more profitable too.
I would pick investing/buying bitcoin over mining. You need time and patience to pay off the costs for your mining equipment to start generating profits. But if just buy bitcoin and it goes up by 2%, you are already making gains minus any fees you might have had. Not to mention that mining gear isn't that easy to come by and the producers can't produce enough to meet the demand. Your equipment can become faulty, break, overheat. Your software can crash in the middle of the night or during the weekend while you are away from home. You need some technical knowledge to mine while any computer-literate person can buy a coin on an exchange.
Exactly. Holding/Buying can be done easily and with a little research even a newbie can do it. The price of building mining gear today is outrageous due to the scalpers. Also, maintaining the gear is time consuming together with it is the bills. But if you are looking for longer run, try mining and holding it, then sell at what price you will profit.
I myself have never tried mining, because it requires tools that are not cheap to get maximum results and also require the stability of mining equipment equipment.
it's better for me to buy crypto myself, whether it's bitcoin or others, and there I will hold it until the strength of my heart to resell it..
it's better for me to buy crypto myself, whether it's bitcoin or others, and there I will hold it until the strength of my heart to resell it..
If you don't have that capital mining would not fit as just like what you have said, the equipment is not cheap plus the electricity most places are not cheap as well, You also needs to have strong understnding with how to configure and how to maintain your equipments for much better outcome, things that you don't need to have with trading, using small to average fund you can start investing and with luck and knowlegde you can see your investment grow much quicker.
I would pick investing/buying bitcoin over mining. You need time and patience to pay off the costs for your mining equipment to start generating profits. But if just buy bitcoin and it goes up by 2%, you are already making gains minus any fees you might have had. Not to mention that mining gear isn't that easy to come by and the producers can't produce enough to meet the demand. Your equipment can become faulty, break, overheat. Your software can crash in the middle of the night or during the weekend while you are away from home. You need some technical knowledge to mine while any computer-literate person can buy a coin on an exchange.
Exactly. Holding/Buying can be done easily and with a little research even a newbie can do it. The price of building mining gear today is outrageous due to the scalpers. Also, maintaining the gear is time consuming together with it is the bills. But if you are looking for longer run, try mining and holding it, then sell at what price you will profit.
To choose the option of mining or holding, I think it will depend on each person's perception and suitability with their abilities and conditions. Mining requires a large capital investment, in addition to understanding the technical characteristics of bitcoin. Meanwhile, investing by holding can simply be a process of patience, trust, etc. In terms of returns, I think both generate huge returns in the long run. At this stage I think mining will be difficult because bitcoin's hashrate has increased after auto-correction. It will make blocks harder to form to increase mining output
I prefer holding bitcoin. I do not know about mining bitcoin because it requires permits, equipment and monitoring these equipment as we can also invest in the cloud on a reputable platform.
For all these processes I prefer holding bitcoin, I feel it more exciting and motivating.
I can also put into practice my skills as a trader and be happy with my treasure. I say it this way because we must enjoy what we do and not stress ourselves.
The main thing about investing in bitcoin and holding is that we can do it with a minimal investment.
And as a rule of thumb, invest knowingly and with your own hands, don't give bitcoin to anyone for future profits.
For all these processes I prefer holding bitcoin, I feel it more exciting and motivating.
I can also put into practice my skills as a trader and be happy with my treasure. I say it this way because we must enjoy what we do and not stress ourselves.
The main thing about investing in bitcoin and holding is that we can do it with a minimal investment.
And as a rule of thumb, invest knowingly and with your own hands, don't give bitcoin to anyone for future profits.
I tried both. but for now I don't do mining anymore because the mining results I get are getting less and less, fyi I am mining ethereum. So i decided to sell all of my vga and i sell my vga more expensive than the price i bought it, doing mining is beautiful journey for me.
Mining competition in the pool is very tight, only hardware that have high specifications can successfully mine, I think buy and then hold is easier and more profitable because the need for bitcoin continues to increase so we can get big profits just by holding and being patient.
i would choose bitcoin investment over mining. things to consider in doing mining, especially without the help of others are
- electricity cost
- maintenance costs
- takes time
- in other cases, it is necessary to upgrade mining equipment for maximum results
- and others.
Mining will be profitable when we will start doing it on renewable energy. For now, holding and trading are two best ways to earn profits. As I can't wait for a long time to see profits, I prefer to trade.
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).
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).
In order to be profitable in mining, you need to buy a mining rig in order to mine BTC which also requires electricity and if you're an average person just like me mining doesn't fit for me at all. So I'll choose holding rather than mining since the initial investment required is not high and depends on what you can afford to invest to be able to start unlike in mining which requires huge initial investment .
well if you have the resources to mine bitcoin then you should definitely do so, because mining bitcoin is worthwhile but if you don't then don't try to mine bitcoin because it requires a lot of time and energy for you to mine bitcoin and having only 1 mining rig is not worth it. but if you have the money to buy bitcoin directly then do it and hold on to it for dear life.
Mining
Holding
- Capital investment is a must - large fund
- Need to compile with legal issues if the government is against it
- Electricity requirement needs to be fulfilled with active internet connectivity
- Periodic Maintenance is a must, if not it won't generate the calculated hash
- Daily earning varies based on the increasing difficulty and market volatility
- Proper location is a must, if not separate cooling system need to be set
- High energy consumption process, renewable energy usage will add more profit
Holding
- Buy
- Secure it - Any high security wallet
- Hold
- Hold
- Hold
- Sell - if the target is reached
- Repeat it
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