Passive income or holding is much more profitable than buying of miners is a risk in the very first place, installations (cost), electricity (another regularly cost), maintenance (another cost), the increasing difficulty is also a risk and many more when it comes to mining.
Besides your comparison is not totally a fair comparison.
Topic: Mining vs Holding - page 5. (Read 1274 times)
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.
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.
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.
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..
Of course holding is the best choice, why i can say that because we don't need to spend a lot of effort to doing it. If we want to become a holder all we need to do is do some research on the coin we want to invest. If we're decide to become a miner, we need to do a lot of stuff and for everyone who don't really know about tech or computer I think it will take a lot of time for the newbie to learn how to be a miner.
It really depends which coins you are holding here. When you are into Bitcoin, Ethereum and other top 10 cryptocurrencies, holding and leaning back is fine. If you are investing in micro cap coins it is extremely important to take care and pay attention frequently. It is all about the portfolio whether a serious holding strategy is reasonably applicable.
These are two things that are very difficult for us to separate whether you choose to hold or mine, but for me I would prefer to be patient to hold bitcoin for a long time, because it is very reasonable for us to do considering the crypto world is a long-term investment. long and if you have extra patience in doing business this will be a very profitable thing for us to do in the world of cryptocurrency, in that way maybe we will get a little profit in mining
Of course holding is the best choice, why i can say that because we don't need to spend a lot of effort to doing it. If we want to become a holder all we need to do is do some research on the coin we want to invest. If we're decide to become a miner, we need to do a lot of stuff and for everyone who don't really know about tech or computer I think it will take a lot of time for the newbie to learn how to be a miner.
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 is profiting, because it gives you regular earning unlike the market fluctuation. With holding it is always good to secure the holdings in all possible ways for a long term benefiting. Mining is high investment process where one can keep hold of the mined coins and make profit out of it.
For large capital investors mining is good whereas for the users with minimum investment ability holding is the right pick.
For large capital investors mining is good whereas for the users with minimum investment ability holding is the right pick.
Everyone would readily go for holding the coins, it's less stressful and compared to mining there are no evading risks, all you have to do is hold for a while and let the coin gain value then sell at a preferred price.
Unlike mining that is more rigorous, you have to get high tech computers that can solve difficult puzzles, maintain the facilities, among the many other things you have huge bills to pay.
mining plays a vital role in ensuring there is a continuous flow in the market and it comes with it's profits especially to investors that have enough capitals and are able to make wise decisions. Imagine you have the opportunity to mine coins yourself in times when the prices of the coin spikes up instead of using your funds to buy. Just a few mined coins would do 😄
Unlike mining that is more rigorous, you have to get high tech computers that can solve difficult puzzles, maintain the facilities, among the many other things you have huge bills to pay.
mining plays a vital role in ensuring there is a continuous flow in the market and it comes with it's profits especially to investors that have enough capitals and are able to make wise decisions. Imagine you have the opportunity to mine coins yourself in times when the prices of the coin spikes up instead of using your funds to buy. Just a few mined coins would do 😄
These are two things that are very difficult for us to separate whether you choose to hold or mine, but for me I would prefer to be patient to hold bitcoin for a long time, because it is very reasonable for us to do considering the crypto world is a long-term investment. long and if you have extra patience in doing business this will be a very profitable thing for us to do in the world of cryptocurrency, in that way maybe we will get a little profit in mining
Exactly, mining is currently very difficult because the competition in the pool is very tight, it takes very high specifications to profit in mining, the easiest thing to profit in my opinion is buy and hold, I have proven that holding for the long term is the best strategy for profit.
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.
I agree with you.. Maybe for someone like me who doesn't want to bother preparing everything for mining and managing it, I'd better invest. I can use the remaining time for other purposes, without incurring any costs. Even though investing is also a lot of risk of loss that we will go through. However, if we are good at managing finances, managing investments and analyzing all of it, the losses can be minimized. So maybe I'm more comfortable investing. 
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.
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.
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.
Investment on mining has no assurance because of equipment price that's rising, well basically that's the trend nowadays which competes with other gpu brands.
I would advice to those who has not yet ventured in mining, to undergo for trading at least smaller amount as a good start. Holding bitcoin or ethereum can be profitable even if market is volatile, in a sense that market value goes up and down. But, someday you'll be earning sustainable profit when there's a market halving and trending increase.
I would advice to those who has not yet ventured in mining, to undergo for trading at least smaller amount as a good start. Holding bitcoin or ethereum can be profitable even if market is volatile, in a sense that market value goes up and down. But, someday you'll be earning sustainable profit when there's a market halving and trending increase.
actually mining is not necessarily profitable. First, the capital to buy a computer is expensive and the cost of electricity is large. I myself have never thought about mining, it's better to buy directly coins that we think are good.
it's true that miners need big capital to buy machines and electricity costs, but holding can buy coins with small capital and hold it for a long time like buying eth coins even if you don't have capital buying 1 eth can buy 0.5 eth so I think holding is simpler from miners.well, direct mining does require capital to buy mining equipment and maintenance and operational costs, those who can tolerate this will definitely enjoy doing it, because they have a great opportunity to mine any crypto according to the spec. For those who understand the strategy, it will definitely be worth it, while for those who don't master mining-related matters and don't have capital like me, it will definitely be very difficult to run.
but don't worry, the crypto ecosystem is constantly evolving and offering more and more options. one of which is quite popular today is liquidity mining or better known as farming. that way we can enjoy services such as mining by adding network liquidity, please browse for more technical details. this is an effective way to get passive income, provided you manage to choose a potential project
actually mining is not necessarily profitable. First, the capital to buy a computer is expensive and the cost of electricity is large. I myself have never thought about mining, it's better to buy directly coins that we think are good.
it's true that miners need big capital to buy machines and electricity costs, but holding can buy coins with small capital and hold it for a long time like buying eth coins even if you don't have capital buying 1 eth can buy 0.5 eth so I think holding is simpler from miners. Do you think mining is kinda tied to btc? Because back when btc was struggling, people mining were barely making profits after deducting the electricity.
Also, normally do miners hold the earnings in btc or they sell out for fiat immediately?
Some miners will pay in fiat currencies but I think most miners are die hard Bitcoin fans and are probably holding onto the Bitcoin for the long term. Some of them will be transferring their Bitcoins into new equipment and maintenance. Also, normally do miners hold the earnings in btc or they sell out for fiat immediately?
Its out of our business honestly since its their investment and any profit that they do get will really be depending on how they would use it neither they do hold or spending up actively or converted on fiat.
They might be bitcoin supporters and could possibly hodlers too but there would be some personal reasoning on how they would be using up their coins.
Hm I would rather say that those who mine Bitcoin aren't only fans but the majority are real business people. It is not like most miners are dudes in their basements with one miner running just for fun. Mining is mostly being done at industrial scales. I guess those mining companies do have financial management that includes converting into fiat in order to cover operating costs. Whatever the profit beyond that I would guess they keep it in BTC.
Do you think mining is kinda tied to btc? Because back when btc was struggling, people mining were barely making profits after deducting the electricity.
Also, normally do miners hold the earnings in btc or they sell out for fiat immediately?
Some miners will pay in fiat currencies but I think most miners are die hard Bitcoin fans and are probably holding onto the Bitcoin for the long term. Some of them will be transferring their Bitcoins into new equipment and maintenance. Also, normally do miners hold the earnings in btc or they sell out for fiat immediately?
Its out of our business honestly since its their investment and any profit that they do get will really be depending on how they would use it neither they do hold or spending up actively or converted on fiat.
They might be bitcoin supporters and could possibly hodlers too but there would be some personal reasoning on how they would be using up their coins.
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