Topic: Mining vs Holding - page 7. (Read 1274 times)
I would peacefully hold then go for mining. I have experience in both. I had to spent more time and energy towards mining. but obviously holding did not require all these except my patience. Just need to keep updating oneself with news around the coin we are holding. Always choose the best coins. Choosing the right coin will certainly yield a good profit when holding and selling at the right time.
I often have friends and family members reach out to me asking about bitcoin/mining etc knowing that I've "been in to" bitcoin/cryptocurrency for several years now. What most people I don't think realize is that to be able to mine bitcoin, the setup would cost you an absolute fortune. Then you have to be able to purchase all the equipment which is at a premium and hard to find right now. I think for the VAST majority of people, sticking to just Holding makes much more sense.
Personally ,I will go for holding, both are risky ,and we need risk to make profit in almost all aspect of Crypto , but mining on the other hard is stressful , consumes energy , power etc... And what you earn from mining would be a little amount
Holding it also risky but it safes a whole lot of stress and energy. why mining when you could buy the token or coin at a lower rate then sell when it moon.
I talk on my own point on view.
Holding it also risky but it safes a whole lot of stress and energy. why mining when you could buy the token or coin at a lower rate then sell when it moon.
I talk on my own point on view.
both of them.have different views.between holding or mining, if.we are the majority.of bitcoin miners.maybe we really need a lot.of patience.in going.through the bitcoin mining process, because it takes.a long time, but if. ???we are really bitcoin investors.this is.normal to running a business.that is.enough to make us faced.with a process of more patience.time to start a business.in contrast to the altcoins.that we live only require a short time for the miners
In my opinion, I don't like mining because it's too polluted, the investment environment is high and very difficult, prepare everything, if you have $2,500, invest in buying BTC easily and quickly, just recharge and go online Then place an order and buy it, it's great.
Mining its not easy . its not only like calculating hash powers and estimate daily earning . there is much thing to do to calculate all those things such maintenance mining rig . cost electricity . miner running 24x7 sometimes also technical problem might be appear. and so on. sometimes the cost are more expensive if people are not really experienced with this thing. but if people are experienced with mining . mining are profitable.
The two can't be compared if you have a different view about mining and holding. If you're for the profit then for sure you'll be choosing the one that can generate you much profit no matter how much the capital is needed. Mining isn't just all about profit, there's expenses, maintenance while holding, you really do hold it and do nothing except adding more and selling.
.Of course, it is difficult to distinguish between these 2 things, trading can be done by anyone even with a capital of only $100, while mining requires at least $ 5k. In 2016 I used to mine with 2 units of Antminer S5 and the results were bad because the electricity cost was large and the price at that time was still under $1000, with the current price mining is very profitable.
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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.
Yes, it needs more knowledge and skills to build a PC and set the mining rig but you can get that info by browsing the internet. Holding the coin will be preferable for people who do not want to spend more money to buy the equipment because they also need to set a room for mining which can cost them more money. Besides that, mining will need many things to set up and the reward can not be as what we want because that will depend on the hardware itself. 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.
Right now I'm choosing hold because the price of coins is going down like coin eth and coin bnb, I'm sure in the future the price of eth and bnb coins will go up drastically, this is a good opportunity to buy these two coins, don't waste this golden opportunity.
I prefer like to do Mining, I don't like to let my money stop moving. I think if I invest my money to something rhat profitable then it will contribute to the economy. But if there is a project that is more profitable than mining then I will choose that project. I like to have passive income but if there are something that more profitable then I will just buy 1 minning tools and the rest of my investment fund will be invested to that project. I don't like only holding money except Bitcoin, ETH, TRX and some profitable cryptocurrencies.
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.
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.
For this time, I will exactly prefer to investing mining.
Mining right now probably can profit less because of the high costs to spend.Moreover if mining equipment and cost at first is not high at all. Actually, mining maybe still worthy if we have lots equipment with high income.
Investing is more to put our money and let it be in our wallet. So that it doesn't need any special treatment. Justhiodl and wiat until the target prices are coming.
Mining right now probably can profit less because of the high costs to spend.Moreover if mining equipment and cost at first is not high at all. Actually, mining maybe still worthy if we have lots equipment with high income.
Investing is more to put our money and let it be in our wallet. So that it doesn't need any special treatment. Justhiodl and wiat until the target prices are coming.
It depends also with the financial capability of the user.
Some users can't afford an outright investment in mining equipment.
Because the truth is, you really need to shell-out a good amount of money before you can set-up your mining rig.
So some are venturing the route of buying and holding, because they can buy any amount that they can afford at that time.
But if you are really into mining, better invest also in solar or wind energy sources. It may incur good money at the start but once you recover your initial investments, it is already free afterwards.
Majority would be choosing on holding bitcoin instead of mining since not all would really be that knowledgeable even with just talking on the technical aspect or setting it up
plus several factors which would really be a big headache to everyone because it isn't something a cheap thing that everybody could dive in plus the profitability would always be in question.
Electric cost, taxes, regulation will really be the main problems if you do pursue out mining because this is where your profit would depend on.
plus several factors which would really be a big headache to everyone because it isn't something a cheap thing that everybody could dive in plus the profitability would always be in question.
Electric cost, taxes, regulation will really be the main problems if you do pursue out mining because this is where your profit would depend on.
I agree mining is too complicated to do, because to be able to get profit from mining is not as easy as getting profit from holding Bitcoin. I have tried
mining a few years ago, there are a lot of technical problems that we have to learn. Not to mention the purchase of expensive mining equipment,
then the large electricity costs and maintenance costs which are also not cheap. With all these things for now I prefer holding Bitcoin, because it is
enough to collect as much Bitcoin as possible according to our respective financial conditions, and be patient holding Bitcoin until the price rises to reach
the target we set. It is very simple to get profit from holding Bitcoin.
For this time, I will exactly prefer to investing mining.
Mining right now probably can profit less because of the high costs to spend.Moreover if mining equipment and cost at first is not high at all. Actually, mining maybe still worthy if we have lots equipment with high income.
Investing is more to put our money and let it be in our wallet. So that it doesn't need any special treatment. Justhiodl and wiat until the target prices are coming.
Mining right now probably can profit less because of the high costs to spend.Moreover if mining equipment and cost at first is not high at all. Actually, mining maybe still worthy if we have lots equipment with high income.
Investing is more to put our money and let it be in our wallet. So that it doesn't need any special treatment. Justhiodl and wiat until the target prices are coming.
Majority would be choosing on holding bitcoin instead of mining since not all would really be that knowledgeable even with just talking on the technical aspect or setting it up
plus several factors which would really be a big headache to everyone because it isn't something a cheap thing that everybody could dive in plus the profitability would always be in question.
Electric cost, taxes, regulation will really be the main problems if you do pursue out mining because this is where your profit would depend on.
plus several factors which would really be a big headache to everyone because it isn't something a cheap thing that everybody could dive in plus the profitability would always be in question.
Electric cost, taxes, regulation will really be the main problems if you do pursue out mining because this is where your profit would depend on.
everyone will probably prefer mining bitcoins instead of holding, maybe because of several factors that influence it, if we invest in bitcoin for a long time and also the purchase price is very cheap for now, maybe we just need a little patience before we start to enjoy these results, maybe it is more inclined to the perception of each for each investor, but for me I will prefer bitcoin with a long period of time
It’s not a new thing that mining is an expensive business to do this time around. A lot of people are even running away from it because of the cost that comes with it. People that I see around who are into mining are mostly cloud mining. Big companies with big mining farms has taken over the mining space.
So, this time a better thing to do is investment. Even when you are doing investment you still have to be careful and calculate your moves to avoid making mistakes that will cost you money. Though the good thing about mining is that if you have enough money to start up a mining farm and also have affordable electricity to run, you’re sure of making income. Investment is best for those that doesn’t have enough for mining.
So, this time a better thing to do is investment. Even when you are doing investment you still have to be careful and calculate your moves to avoid making mistakes that will cost you money. Though the good thing about mining is that if you have enough money to start up a mining farm and also have affordable electricity to run, you’re sure of making income. Investment is best for those that doesn’t have enough for mining.
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.
mining existed before trading, I think mining is the most loyal community to bitcoin, and they are also developers as well as bitcoin promotions, they are willing to hold back for it for a long time, I prefer the mining community because they fully support for bitcoin continues to grow, in contrast to the trades that sometimes they spread bad news just to get cheaper prices.
Holding looks simpler and also inexpensive in terms of capital, in contrast to mining that must have rig mining, plus expensive electricity costs, holders only need to support in the long run, and it looks much simpler, with the same profit as miners.
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