Mining vs Holding - page 6. | Bitcointalksearch.org

RondoAnyar

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Quote from: peroksid90 on July 19, 2021, 12:12:09 PM

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

BTC mining or holding has many significant differences. I think you have to be careful in analyzing before choosing in both options.
For me, the most important thing is financial management. holding may just buy and hold while waiting for a high position while mining may require a lot of management, because the profit from mining must be calculated based on the course of mining, equipment and power consumption as well as the effect of price fluctuations in the market.

Saidasun

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Quote from: krky on July 24, 2021, 02:53:49 AM

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.

AverageGlabella

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Holding for the long term will always be better than mining because with mining you need to think about maintenance and reinvesting when the miners are no longer suitable. If you bought a lot of GPUS like 6 years ago thinking you would be able to mine with them forever then you would have need to reinvest once the difficulty got to high and as technology progresses mining equipment is only going to get better and the difficulty should rise in the long run. Holding is the better choice.

bounceback

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Mining of course must have a large capital to finance the technology and the more bitcoin miners who join the network, the difficulty level of mining will increase. So I will choose to hold and trade, because I think trading will be easier to make a profit than mining and easier to do just need to do some research and technical analysis.

19Nov16

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Quote from: Obito on July 23, 2021, 11:56:28 PM

Mining is much more profitable compared to just hodling because you don't get that many benefits from hodling besides not losing your bitcoins because you don't spend it unlike mining where you can generate the bitcoins and at the same time hodl if you can curtail the cost for mining.

Right, for now mining is very profitable than holding, I regret selling 5 units of Antminer S9 in 2018, if I was still mining of course I would get a lot of profit with bitcoin prices now.

krky

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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?

vania vin

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Quote from: Obito on July 23, 2021, 11:56:28 PM

Mining is much more profitable compared to just hodling because you don't get that many benefits from hodling besides not losing your bitcoins because you don't spend it unlike mining where you can generate the bitcoins and at the same time hodl if you can curtail the cost for mining.

mining and holding are both profitable. You are interested in good miners, but there are also many who hold and get profits many times over, what I mean here is that each of them has expertise, so take advantage of these skills and don't underestimate the skills of others.

temple

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Quote from: Silberman on July 23, 2021, 03:26:03 PM

Quote from: temple on July 20, 2021, 02:42:25 PM

Quote from: Saidasun on July 19, 2021, 01:05:52 PM

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, even if you had the opportunity to fill a warehouse and also have cheap electricity prices, the actual bottle neck will still be whether or not you can get your hands on a certain number of miners. The companies developing that stuff are also mining companies themselves. If they have cutting edge technology, they use it first and sell it to the retail market when they are 90% through with developing the next generation miner that's outcompeting the predecessor.

Correct, it would not make sense for them to sell that technology without using them for themselves, so when you are faced with the kind of competition unless you are an expert on the topic and you have access to dirt cheap electricity then it is better to skip all of those additional steps to get bitcoin and just buy it and hold it, which is hard enough as it is for most newbies and there is no point to adding so much complexity right off the bat.

What I would like to add though is that if you are interested in mining as a hobby because you want to understand how it works and what is actually happening behind the scenes, building a rig and mining some small cryptocurrency can't hurt. It's a nice learning curve to put that stuff together and make it work. It does certainly feel great if some blocks roll in! Wink

Obito

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Mining is much more profitable compared to just hodling because you don't get that many benefits from hodling besides not losing your bitcoins because you don't spend it unlike mining where you can generate the bitcoins and at the same time hodl if you can curtail the cost for mining.

dansus021

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mining vs hodling have its own risk but in my opinion i would rather choose mining Cool

yes mining maybe become unprofitable but you can rent it to nicehash and miningrigrental with your own price

but hodling it also good when defi crazy pump there is a lot bitcoin staking out there Cheesy

Xinarae*

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In mining vs holding I think holding is more profitable the risk in holding is much less when researching the market it is right to choose the right currency. mining have to do something to create bitcoin mining are the lifeblood of the bitcoin network. The transactions that we do in bitcoin are stored in the blockchain in the form of ledgers this is why it is more profitable than mining.

Brorasael17

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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.

amihada

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I prefer to hold because holding only takes time and patience, but don't buy coins carelessly, you can lose, if you want to hold, choose coins that have potential like eth coins, you will definitely get profits in the future.

Wakate

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I think for a person to mine a coin, there is need to have plenty of money and equipments and softwares for the mining to be profitable. Holding means buying a coin and leaving it for plenty of time for it to gain value before selling it. Mining might be immediately while holding is time consuming. Mining requires mining equipment and sophisticated softwares while holding need patience and time to make profits.

izsara

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Quote from: Hendra gunawan on July 21, 2021, 02:21:03 AM

I prefer holding over mining. because mining requires a large enough capital to buy a VGA. Then the electricity cost per month for mining is very expensive. Holding is very flexible whenever we can immediately sell our assets for take profit.

but of course if you mine the results will also be quite large because every day we get passive income and maybe it is true that mining requires capital first. but actually the feedback income is also much better I think.
and to hold is indeed more flexible but you have to be really patient when on this path

Silberman

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Quote from: temple on July 20, 2021, 02:42:25 PM

Quote from: Saidasun on July 19, 2021, 01:05:52 PM

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, even if you had the opportunity to fill a warehouse and also have cheap electricity prices, the actual bottle neck will still be whether or not you can get your hands on a certain number of miners. The companies developing that stuff are also mining companies themselves. If they have cutting edge technology, they use it first and sell it to the retail market when they are 90% through with developing the next generation miner that's outcompeting the predecessor.

Correct, it would not make sense for them to sell that technology without using them for themselves, so when you are faced with the kind of competition unless you are an expert on the topic and you have access to dirt cheap electricity then it is better to skip all of those additional steps to get bitcoin and just buy it and hold it, which is hard enough as it is for most newbies and there is no point to adding so much complexity right off the bat.

Tigerheart3026

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i have a lot of interest in learning about mining in depth but as far as i understand there are complications in getting it started as like powerful computer,high cost power supply,mining software and many more things.

so in case holding is easier for me than so much difficulties in mining.

geegaw

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Quote from: v3liana on July 22, 2021, 08:13:07 PM

I'm not smart enough to build PC and setting the mining RIG. In my perspective it's very hard to do and very complex to do it.

So i prefer to holding instead of mining, what i need to do just finding some good coins with amazing concept then do a research everything about that project, if i think this is a good project and matched with my profile investment then i just need to put my money into that project.

Sometimes you don't need too much intelligence, you just need money and hire people who can take care of the mining equipment and program its working links, the boss is just a manager in the back and gives an expression of satisfaction or dissatisfaction with the employees, knowledge is not too much, knows a thing or two about mining mechanics and profits and risks is enough. I quite like mining when recently, China's policy is opening up new policies of other countries in supporting mining, with conditions for mining to be more favorable.

imstillthebest

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Quote from: izsara on July 23, 2021, 12:50:50 PM

Quote from: Hendra gunawan on July 21, 2021, 02:21:03 AM

I prefer holding over mining. because mining requires a large enough capital to buy a VGA. Then the electricity cost per month for mining is very expensive. Holding is very flexible whenever we can immediately sell our assets for take profit.

but of course if you mine the results will also be quite large because every day we get passive income and maybe it is true that mining requires capital first. but actually the feedback income is also much better I think.
and to hold is indeed more flexible but you have to be really patient when on this path

both require capital but only mining requires a little more because you need to buy a hardware that is up to date to mine effectively and mining uses more resources so you first need to recover your expense before saying your earning ,
this is why mining needs more patience than hodling .
when you hodl you can also get passive income but maybe not everyday because market can experiece a decline .

Jose Mourinho

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I think it's the same. It's equally risky and not everyone wants or understands mining. mining difficulty level is higher if people do real life work and have more money investing is the best without having to think about mining with all the risks.
I think it comes back to ourselves.
nothing is better between the two.

Topic: Mining vs Holding - page 6. (Read 1274 times)