Topic: To mine or invest? - page 2. (Read 5082 times)
if you have enough money to buy mining rigs and enough money to buy bitcoin investment then why not try both as like you are hitting 2 birds in one stone, you mint coin from mining and put it on a trade and the other advantages, it is more challenging on both things, and you will develop more analytical and troubleshooting skills for mining and trading.
The most easiest way is just to invest in some alts: etherium, waves, wings, monero, dash or others that you will like!
Maybe Bitcoin Cash? If you buy the S9, you can also mine Bitcoin Cash.
Well if you don't want to experience any technicalities and don't know much more about any minings well you can start first by investing no need to stress yourself about the best types of equipment and get fixated with your computer specific parts if it is compatible with there and that you can start first at learning the basics before going to the complex ones.
Better to invest. Not in any cloud mining. Just buy as many bitcoins as you can (or as much fractions of it), besides collecting free coins from available sources whenever you find time.
For me both method is great, in mining method you need to consider lots of things before you start to build your own mining site like electricity rate in your country, your capital for buying hardwares, place that your mining hardware to be placed but if you can not provide that there is online mining sites or cloud mining but it is too risky than building your own mining site.
I agree that investment is a easiest method to earn money, there is nothing to do just to wait for your profit but it was a risky method also but the return is very huge profit.
I agree that investment is a easiest method to earn money, there is nothing to do just to wait for your profit but it was a risky method also but the return is very huge profit.
I agree with you on this, both method is great. Mining may earn less but it is stable and somehow predictable while investing is not for the faint-hearted
Invest wisely, small step at a time and learn from there. Don't put all eggs in one basket
Yes I agree also, that would be the best answer for this topic. Both is the same in mining you will earn a little but always rolling without risk. In investing you can invest bigger to earn bigger but theirs a risk for that if, every invest you can't predict if you will be earn or you will be fail.
So its just a matter of how you work with that two choices, and it is matter on your techniques and strategy so that you will earn either of the two.
I believe that going for altcoins likeb Monero , Ripple or Ethereum is a good way to start getting some gains, but you will need to get into cryptocurrencies trading if you want to get quick money
Hey, total newbie here looking to break into collecting coins lol
What is the most effective way to start?
How much would it cost to build a setup to mine verses just investing?
The most effective way to start to break into collecting coins.What is the most effective way to start?
How much would it cost to build a setup to mine verses just investing?
Invest in bitcoin is the most effective way to start, in my observations these days bitcoin and altcoin continues to fluctuate during tradings, try to benefit the situations like this, I think a lot of profit gap you can get.
Some people also take advantage of investment.
By choosing the type of altcoin that often increases the exchange rate, financially, the investor's profit will increase. Because the exchange rate continues to increase against the local currency.
However, despite having many financially goals, any investing isn`t without risks. If a person invests and his business fails. Then, can`t get a profit, but the loss will be earned.
if you have proper hardware, go for both. or else, stay with investment.
Well if you have a lot of free time why not try both mining and investing. Just consider the fact in mining you'll be forced to consumer a lot of your time at your time at your computer because you'll need to be alert at every transaction you make and considering the fact it will be costly for the materials and equipment and also the cost it will affect on your own electricity. Well if you are business minded person you much prefer investing right, if you know you have what it takes to be a risk taker at buying and selling and you have the knowledge and analytical skills to grasp every situation changing in the market trend and also a willing person to accept that there is always a possibility that you will suffer lost in your investments. Well it will depend upon your attitude and you perception towards what you know what you like and what would you know you could excel on.
If you have good risk capital I will said you should go for investment instead of mining and the investment should be in the five most invested coins. Mining is good if you can buy s9 and good gpu for altcoins, you can only get good profit if major cost of operation in mining business which is electricity is cheap since this always take away all your profits if you did not get it cheaped. You don't power investment you only need to spend time to learned how coins are been traded and put in your capital and watch your investment growing.
For nwbie like me, i just focus on mining because i don't know whole the system of bitcoin. So, i read the forum more often and ask if i don't understood. Because i think personaly is too early for investment, it will be a lot risk if we don't understand about bitcoin.
Investing is by far the better choice for profit but mining is more fun and interesting so it depends on what you are looking for,
Hey, total newbie here looking to break into collecting coins lol
What is the most effective way to start?
How much would it cost to build a setup to mine verses just investing?
What is the most effective way to start?
How much would it cost to build a setup to mine verses just investing?
Your question is wrong.
Mining is an active investment.
Buying coins and holding or trading them is a passive investment.
Should you mine.
Yes if you have cheap power.
Yes if you want to stay off the grid.
Yes if you can get rid of heat and noise issues.
Yes if you have some tinkering skills.
Should you buy some coins and hold them.
Yes if you understand the advantages of buying and holding.
yes if you don't mind doing everything up front and paying taxes.
If you can join coinbase.com you can buy some coins and just hold them.
Its almost the same, you buy miners and that's actually an investment. Buying Asic miners is more risky than GPU miners. When the time that ASIC are no more profitable you can't sell them to gamers, while GPU can.
Hey, total newbie here looking to break into collecting coins lol
What is the most effective way to start?
How much would it cost to build a setup to mine verses just investing?
Mining is also an investment, so it just depends on you and how well you are willing to go about any type of investment you wish to do. So many people believe in just buying and holding for long looking forward to the increase in value. However, with mining and a solid set up most especially in a place with lower electricity fee, mining can be profitable. What is the most effective way to start?
How much would it cost to build a setup to mine verses just investing?
Once you can have your return on investment back, the rest is just free coins every now and then until you decide you want no more. Mining comes with its own cons too so do not think it is just that easy.
Mining may be less risk. But it still requires a big investment at the very start. If you want to invest small amounts and try to sell for higher and then buy again a little bit lower I think you would be better of especially if you dont have any knowledge on mining
yes mining needs knowledge without any ideas you wont see the future of your gains, mining will take some time before you can really enjoy your earnings the pieces of equipment that you will be needed really needs a huge investment and if you have some money to begin with better to study first before taking the first step.
Mining may be less risk. But it still requires a big investment at the very start. If you want to invest small amounts and try to sell for higher and then buy again a little bit lower I think you would be better of especially if you dont have any knowledge on mining
For me both method is great, in mining method you need to consider lots of things before you start to build your own mining site like electricity rate in your country, your capital for buying hardwares, place that your mining hardware to be placed but if you can not provide that there is online mining sites or cloud mining but it is too risky than building your own mining site.
I agree that investment is a easiest method to earn money, there is nothing to do just to wait for your profit but it was a risky method also but the return is very huge profit.
I agree that investment is a easiest method to earn money, there is nothing to do just to wait for your profit but it was a risky method also but the return is very huge profit.
I agree. But actually, both mining and investing are investments. What differs one from the other is that in mining, you would have to purchase gadgets as part of the operating expenses while in investing, you would only need to put a sum of money as part of the risk you are assuming to take. But then again you can see that in both situations, you should be willing to lose some cash (invest) on the premise that you may earn out of it in the long run.
I don't know about mining mush but have deep knowledge on investments as I have about ten years experience in forex and commodities trading. From what I have read based on the comments I have read on this thread I think investment into cryptocoins market is far more profitable than mining though more risky than mining. In mining you risk of investing into a dead coins that will wipe out your entire investment is not there. If you buying a right tools and software you are sure of getting little coins daily. Trading on the other hand can make you a very huge profits in just few days and the opposite can also happens.
GPU mining is promising lately because of the current price of Bitcoin. The problem with GPU mining is the price of those video cards are expensive and most of the time they are out of stock. i tried to build my own GPU rig but sourcing those good cards are hard in my country, its per order basis. Back then GPU mining is not advisable because of the rate of electricity. Now that Bitcoin price is up, GPU mining is profitable.
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