To mine or invest? - page 3. | Bitcointalksearch.org

rhamzter

sr. member

Activity: 420

Merit: 282

Quote from: setupbounds on October 13, 2017, 06:33:06 AM

Quote from: geopolisch on October 11, 2017, 01:17:16 AM

Quote from: rockie2000 on October 08, 2017, 07:44:41 AM

Quote from: madwica on October 01, 2017, 10:19:55 AM

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 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

Yeah mining will ultimately need hard work than investing and trading all other chores but that doesn’t mean that is not suitable. Mining is better to make good earnings but investing is more impressive in this regard. You have to be so careful when you are mining because it needs much electricity and definitely the hard work. So it all depends on you which suits your strategy.

Definitely mining is no bad as we consider it. It is profitable too like trading and investing or any other thing that related to crypto world. Basically just a difference that is made by mining, the electricity cost. You have to make some more arrangements for it rather just investing money. So this feature make it a less suitable for most of the traders.

Yeah your right, bitcoin mining is probably profitable. However we need to invest high amount to this project to assure that we earn high amount of income. But even you invest high amount in this type of service it's worth it, because you can sure that you will earn high income using this. Maybe I plan to invest in this kind of job but not for now maybe some day.

setupbounds

hero member

Activity: 910

Merit: 509

Quote from: geopolisch on October 11, 2017, 01:17:16 AM

Quote from: rockie2000 on October 08, 2017, 07:44:41 AM

Quote from: madwica on October 01, 2017, 10:19:55 AM

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 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

Yeah mining will ultimately need hard work than investing and trading all other chores but that doesn’t mean that is not suitable. Mining is better to make good earnings but investing is more impressive in this regard. You have to be so careful when you are mining because it needs much electricity and definitely the hard work. So it all depends on you which suits your strategy.

Definitely mining is no bad as we consider it. It is profitable too like trading and investing or any other thing that related to crypto world. Basically just a difference that is made by mining, the electricity cost. You have to make some more arrangements for it rather just investing money. So this feature make it a less suitable for most of the traders.

Smarty14392

sr. member

Activity: 560

Merit: 286

Quote from: kevpantof on October 10, 2017, 11:33:07 AM

Quote from: Aurelion on September 30, 2017, 06:46:48 PM

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.

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.

Exactly there are so many advantages attached with disadvantages that comes in a pair when you talk about mining. Mining is really interesting and profitable but it just need to be started in an area where electricity cost is low. You only have on additional investment of electricity and if you find so low, believe me there would be so much better results, even more than trading.

italianMiner72

hero member

Activity: 910

Merit: 511

Quote from: Aurelion on September 30, 2017, 06:46:48 PM

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?

all of us can give you a different answer according with our personal experience..
i think if you have cheap electricity and you don't need to cool your farm you can try to buy some S9 or Avalon 741 or ebit E9
otherwise you can try to invest in some good alts...

mharz

sr. member

Activity: 336

Merit: 260

I want to invest but not in mining sites, because I have lack of trust in any sides of mining. Because I don't want to experience again what happen last year, I just invest then after 3 months the sites should be close immediately. I can't recover anything to my investment, it was too late when I know that the site I joined is scammed.
So now I've decided to stop joining in mining, because I was not so sure if it is scam or not. I was scarred to happened it again that's why I stopped joining in mining.

gabbie2010

sr. member

Activity: 2590

Merit: 322

Vave.com - Crypto Casino

Bitcoin mining is a capital intensive project, this requires purchasing and installation of the necessary or required hardwares e.g Antminers, ASIC which cost 1000$+ and you needed cheap, affordable and constant electricity supply.
Investing is also an option but it involves taking risk as a newbie you ought to have been mentored on how to trade before investing your capital. Although it may take sometimes to be trained on how to trade but it really worth it.

Gotomoon

sr. member

Activity: 719

Merit: 250

Quote from: ?? on ??

If you are a newbie and live in a warmer country with high electricity costs, to invest in a promising project is likely your better choice.

However, there are tools available where you can enter the hardware you will use and the electricity costs and then you can make your calculation of how profitable it could become.

Both is very risks mining and investing. I agree with others mining is need a lot of work and things to do before earning achieve. A lot of consideration the electricity will costs you that may resulted to a less of profit. Investing like in trading is also profitable just earn knowledge before you can earn profit.

geopolisch

hero member

Activity: 1022

Merit: 511

Quote from: rockie2000 on October 08, 2017, 07:44:41 AM

Quote from: madwica on October 01, 2017, 10:19:55 AM

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 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

Yeah mining will ultimately need hard work than investing and trading all other chores but that doesn’t mean that is not suitable. Mining is better to make good earnings but investing is more impressive in this regard. You have to be so careful when you are mining because it needs much electricity and definitely the hard work. So it all depends on you which suits your strategy.

MyCryptoProject

newbie

Activity: 10

Merit: 0

mining is investing,, just safer

chineseprancing

hero member

Activity: 630

Merit: 500

Quote from: ?? on ??

If you are a newbie and live in a warmer country with high electricity costs, to invest in a promising project is likely your better choice.

However, there are tools available where you can enter the hardware you will use and the electricity costs and then you can make your calculation of how profitable it could become.

Both of this are needed capital, for me it's better to invest but not in mining sites. I suggest that instead of mining sites try to invest on trading sites, because most of the mining sites are running for short period of time. Moreover on my experience I invest high amount into mining sites but it takes a year before my investment returned. In addition I also experience of unexpectedly closing of mining sites after a month, my investment will loses without my knowing. Not like into trading that all you have to do is to buy and to sell, monitor the fluctuation of every coin in exchange and always wear your patience in waiting.

kevpantof

sr. member

Activity: 491

Merit: 250

Quote from: Aurelion on September 30, 2017, 06:46:48 PM

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.

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.

Konthol Ngaceng

sr. member

Activity: 646

Merit: 252

Bitcoin investment I think is more risky than mining, now the price has reached more than $ 4600 and with a maximum electricity cost of 75 cents then we can get RoI for 5 months if using S9.

jheipee19

member

Activity: 337

Merit: 10

i can suggest but i never said that it is right to do. This is only my opinion if you want to mine i prefer under 20M market cap because later it will be more profitable to trade or exchange. Then invest if you can afford to lose what you invest. Before getting into it you need to read a lot of things like when did they start , is there any good reviews all of this you might consider..

rockie2000

full member

Activity: 126

Merit: 100

Waves address 3PP4npcijfECsxrf4Ms4rSxPuZq1kamGn7H

Quote from: madwica on October 01, 2017, 10:19:55 AM

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 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

The Rose Rain

full member

Activity: 336

Merit: 100

i f you are a newbie, i think you can invest the, altcoins, you can make a small bucket of altcoins.

gilangIDR

legendary

Activity: 1526

Merit: 1001

Quote from: pjmis on October 07, 2017, 04:15:52 PM

Well, the answer is simple. Without proper execution you will be sitting loosing money, like all business. But, this is not just any business. This is one of the most risky investments on planet earth. If not done right, you will be loosing money, and possibly a lot of it. Just invest into bitcoin, litecoin, altcoins, new coins. One guy made millions doing it.

The initial capital we have to do is learn what we do. If we want to do mining then learn mining is very important. Because in the absence of knowledge then we will not get satisfactory results. In fact we could have a loss and also will not get anything. Mining is not easy and simple, there must be skill, analysis and experience that can make the results that we get much better. So if you want to do mining then think and look as good as possible, do not be sorry when you fail in your decision.

pjmis

newbie

Activity: 43

Merit: 0

Well, the answer is simple. Without proper execution you will be sitting loosing money, like all business. But, this is not just any business. This is one of the most risky investments on planet earth. If not done right, you will be loosing money, and possibly a lot of it. Just invest into bitcoin, litecoin, altcoins, new coins. One guy made millions doing it.

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

Quote from: Aurelion on September 30, 2017, 06:46:48 PM

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?

I assume that when you said "investing" you are talking about investing in cloud mining versus setup your own mining rig. If you have access to free or at least cheap electricity then mining your own coins is good for you, but you have to consider having a partner in running your mining farm because you can't do it alone if you plan to run it 24/7.

Cloud Mining is tricky because aside from qualifying which one is legit and which one is just ponzi, you have to consider the ROI. Hashnest is related to Bitmain but it doesnt mean they are legit however ROI there is very long.

reliable

full member

Activity: 868

Merit: 151

Quote from: Joshapat on October 07, 2017, 06:45:11 AM

Quote from: Prince Jhay on October 06, 2017, 06:33:53 PM

For me. Investent is better than mining. Because in investment is more legit than mining. Im not saying that all minings are not legit or scam. But most of them are fake they will just scam you. Also in investment there is also a not legit. But in investment you can a sure that you can get more profite.

Invest can not provide certainty, maybe most profit but not a few losers, I recommend for mining because bitcoin prices are rising, I've been mining for 3 years and in this year is very profitable and I will continue to add more.

It will depend upon which country you live, electricity cost , equipment cost etc. Is it feasible to mine and what is the Break even point. Due to high electricity cost in various countries people do not prefer to mine, instead they prefer to invest or do trading which will provide them the better profits.

Joshapat

sr. member

Activity: 1526

Merit: 255

Quote from: Prince Jhay on October 06, 2017, 06:33:53 PM

For me. Investent is better than mining. Because in investment is more legit than mining. Im not saying that all minings are not legit or scam. But most of them are fake they will just scam you. Also in investment there is also a not legit. But in investment you can a sure that you can get more profite.

Invest can not provide certainty, maybe most profit but not a few losers, I recommend for mining because bitcoin prices are rising, I've been mining for 3 years and in this year is very profitable and I will continue to add more.

Topic: To mine or invest? - page 3. (Read 4999 times)