Preferably, is investing parts of the funds into the mining industry. By investing in a fund, you have a few advantages.
Because,
1. Crypto coin mining is not as easy as it was once, there is still something good for the long terms investors.
2. The factors that influence on the profitability of the mining. These factors included the cost of hardware, hash rate, electricity rate, Bitcoin difficulty etc. So before going into the actual process, let first explore the factors that affect the bitcoin mining process.
Following are the main factors affecting the overall process of bitcoin mining and its profitability:
* Hash Rate
* Bitcoin Difficulty
* Coins Per Block
* Pool fees
* Power consumption, and
* Electricity Rate
Topic: To mine or invest? (Read 4999 times)
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?
it would be good if you study a trusted place of investment and also not.What is the most effective way to start?
How much would it cost to build a setup to mine verses just investing?
trading investment, this may be the most effective way to get started or get bitcoin.
usually in this way often in the limit with the capital.
usually also you can find trading and do not need investment first.
both way have their own risk.
Mine you need invest a lot to start and only get return after about 6 - 8 months and depend on the market price too.
Invest small amount and you would start at anytime, jump in any waves. Some time lose some time big win. But this way will be nice to start firstly
Mine you need invest a lot to start and only get return after about 6 - 8 months and depend on the market price too.
Invest small amount and you would start at anytime, jump in any waves. Some time lose some time big win. But this way will be nice to start firstly
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?
Mining needs too much investment as well as stash and hardware in order to have a start up in this lean field. It would cost no less than 2500 - 10k USD to buy all the equipment you need to begin with mining during current days. Investing in Bitcoins will also be very expensive but it gives much better returns as well as possess less risks compared to mining where your electricity could cost higher or even cut off which will lessen the efficiency of your mining equipment.
This is kinda confusing because mining is also investing. Mining takes up capital for equipment and so you are also investing into those equipments expecting a return from mining activity.
But if you mean by investing by buying Bitcoins, well that would be different. Wait until the market is down. Wait for the upcoming events this November to end because analysts say Bigcoin price will go down and go up again after this month.
I think OP means that investing in other sites or mining, yes we all know that mining is form of investment but it would need to have huge capital unlike to invest in other site which has minimum amount of investment with corresponding percentage of interest.But if you mean by investing by buying Bitcoins, well that would be different. Wait until the market is down. Wait for the upcoming events this November to end because analysts say Bigcoin price will go down and go up again after this month.
For me both method is good to have but it will always depend on the capacity of one person and what is they really want to do.
This is kinda confusing because mining is also investing. Mining takes up capital for equipment and so you are also investing into those equipments expecting a return from mining activity.
But if you mean by investing by buying Bitcoins, well that would be different. Wait until the market is down. Wait for the upcoming events this November to end because analysts say Bigcoin price will go down and go up again after this month.
good thing explaining this fact mate because its really needed to informed people that mining is also investing not only with your equipment but also with your time, better to make sure that you understand it correctly before starting this venture, its an profitable investment but its really takes time and good knowledge before you can gain good earnings.But if you mean by investing by buying Bitcoins, well that would be different. Wait until the market is down. Wait for the upcoming events this November to end because analysts say Bigcoin price will go down and go up again after this month.
Therefore also you need low price of electricity, in that part in our country electricity is too much expensive so this is not applicable for me.
This is kinda confusing because mining is also investing. Mining takes up capital for equipment and so you are also investing into those equipments expecting a return from mining activity.
But if you mean by investing by buying Bitcoins, well that would be different. Wait until the market is down. Wait for the upcoming events this November to end because analysts say Bigcoin price will go down and go up again after this month.
good thing explaining this fact mate because its really needed to informed people that mining is also investing not only with your equipment but also with your time, better to make sure that you understand it correctly before starting this venture, its an profitable investment but its really takes time and good knowledge before you can gain good earnings. But if you mean by investing by buying Bitcoins, well that would be different. Wait until the market is down. Wait for the upcoming events this November to end because analysts say Bigcoin price will go down and go up again after this month.
This is kinda confusing because mining is also investing. Mining takes up capital for equipment and so you are also investing into those equipments expecting a return from mining activity.
But if you mean by investing by buying Bitcoins, well that would be different. Wait until the market is down. Wait for the upcoming events this November to end because analysts say Bigcoin price will go down and go up again after this month.
But if you mean by investing by buying Bitcoins, well that would be different. Wait until the market is down. Wait for the upcoming events this November to end because analysts say Bigcoin price will go down and go up again after this month.
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.
i think that investing is much more easier compared to mining if your a newbie in the world of crypto because in investing all you have to do is to buy that coins and hold it as long as you have a good capital but in mining you need to do a lot of technical stuff and research in order to get started and it also cost way too much compared to investing, so overall i wont recomend mining if your a newbie and dont understand much about how stuff works.
Well, I don't think so. Investing is more simple than setting up and maintaining mining rigs. However thing key here is to invest at the right moment.
With mining it's more difficult to learn, set up and maintain but you get stable and more predictable income.
You'd think so but I disagree. Investing is much more about luck compared to mining. Mining, eventually will pay itself off (granted you know what you're doing), whereas investing can burn you big time. Especially day trading. I like mining to be honest. I don't like day trading and speculating. I'm on my way to building my own mining farm. Which I've very much looking forward to. I like checking the machines and troubleshooting'em. There's something very comforting even about the noise ahahah.
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.
i think that investing is much more easier compared to mining if your a newbie in the world of crypto because in investing all you have to do is to buy that coins and hold it as long as you have a good capital but in mining you need to do a lot of technical stuff and research in order to get started and it also cost way too much compared to investing, so overall i wont recomend mining if your a newbie and dont understand much about how stuff works.
Well, I don't think so. Investing is more simple than setting up and maintaining mining rigs. However thing key here is to invest at the right moment.
With mining it's more difficult to learn, set up and maintain but you get stable and more predictable income.
You'd think so but I disagree. Investing is much more about luck compared to mining. Mining, eventually will pay itself off (granted you know what you're doing), whereas investing can burn you big time. Especially day trading. I like mining to be honest. I don't like day trading and speculating. I'm on my way to building my own mining farm. Which I've very much looking forward to. I like checking the machines and troubleshooting'em. There's something very comforting even about the noise ahahah.
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.
i think that investing is much more easier compared to mining if your a newbie in the world of crypto because in investing all you have to do is to buy that coins and hold it as long as you have a good capital but in mining you need to do a lot of technical stuff and research in order to get started and it also cost way too much compared to investing, so overall i wont recomend mining if your a newbie and dont understand much about how stuff works.
Well, I don't think so. Investing is more simple than setting up and maintaining mining rigs. However thing key here is to invest at the right moment.
With mining it's more difficult to learn, set up and maintain but you get stable and more predictable income.
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.
i think that investing is much more easier compared to mining if your a newbie in the world of crypto because in investing all you have to do is to buy that coins and hold it as long as you have a good capital but in mining you need to do a lot of technical stuff and research in order to get started and it also cost way too much compared to investing, so overall i wont recomend mining if your a newbie and dont understand much about how stuff works.
Well, I don't think so. Investing is more simple than setting up and maintaining mining rigs. However thing key here is to invest at the right moment.
With mining it's more difficult to learn, set up and maintain but you get stable and more predictable income.
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.
i think that investing is much more easier compared to mining if your a newbie in the world of crypto because in investing all you have to do is to buy that coins and hold it as long as you have a good capital but in mining you need to do a lot of technical stuff and research in order to get started and it also cost way too much compared to investing, so overall i wont recomend mining if your a newbie and dont understand much about how stuff works.
What if you've got a lot of capital to invest into mining. Let's say.. thousands. Would you go down the route of buying ASCI in bulk or GPUs? That, on top of investing, of course.
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.
i think that investing is much more easier compared to mining if your a newbie in the world of crypto because in investing all you have to do is to buy that coins and hold it as long as you have a good capital but in mining you need to do a lot of technical stuff and research in order to get started and it also cost way too much compared to investing, so overall i wont recomend mining if your a newbie and dont understand much about how stuff works.
Building a rig to mine is already an investment. A China made decent miner costs around 2,000 USD and that is a considered investment. Investing or buying is liken into trading stocks. A proper knowledge and understanding would be fine and patience atleast to make it atop. So, if you have the money to spend in mining... Do so... it is up to you if you have the patience to engage in any both of the way possible.
Invest part of your surplus on cryptos with part in bitcoin and a part in the idea or mission you feel could grow or want to support. Don't jump all in as this is very fluctuating till now. Mining is not good as the hash rate are gone crazy.
For startups, it is best to first invest by accumulating your Bitcoin wealth little by little. Of course, you cannot do this in one instance because of Bitcoins' value now. But soon enough you will recover what you have poured in and so much more. As I have said earlier, buy Bitcoins and take advantage of losses - big or small - because it is when you are able to purchase more of it.
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.
I agree with your supposition as of writing especially so that Bitcoins have so much potential in the market nowadays. Of course, my opinion on this varies and highly depends on the performance of Bitcoins. But just this time, I believe there is power in investing more on Bitcoins by buying when prices are failing because of its capability to skyrocket within a week or two. Thus, you are assured that your money's worth is returned back to you and so much more.
With POS becoming more common do you think mining is on a downward trend?
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.
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
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
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.
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?
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...
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.
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.
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.
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.
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. 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.
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
mining is investing,, just safer
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. 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.
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.
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.
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..
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
i f you are a newbie, i think you can invest the, altcoins, you can make a small bucket of altcoins.
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.
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.
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. What is the most effective way to start?
How much would it cost to build a setup to mine verses just investing?
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.
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.
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.
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.
Mining is good for gamers , they already have hardware available ( GPU fast ) .
But not a gamers i think the best is investing .
That’s way too general of a statement. If your card isn’t latest generation AMD or Nvidia, mining profits will be minimal and most people won’t even bother mining with the small profits available right now for mining. This also delves into Altcoin mining which should be in the other part of the forum. It’s impossible to mine Bitcoin with GPUs as it stands today and this probably won’t change for a long time.But not a gamers i think the best is investing .
True. Real gamers who already had EXTRA high performance GPU can afford to waste time and electricity for mining. All other GPU's are better be used for what they meant to be) playin' games only..
Mining is good for gamers , they already have hardware available ( GPU fast ) .
But not a gamers i think the best is investing .
That’s way too general of a statement. If your card isn’t latest generation AMD or Nvidia, mining profits will be minimal and most people won’t even bother mining with the small profits available right now for mining. This also delves into Altcoin mining which should be in the other part of the forum. It’s impossible to mine Bitcoin with GPUs as it stands today and this probably won’t change for a long time. But not a gamers i think the best is investing .
Mining is good for gamers , they already have hardware available ( GPU fast ) .
But not a gamers i think the best is investing .
But not a gamers i think the best is investing .
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?
if your a newbie in the world of cryptocurrency then go on investing because investing is less hassel and dont requires technical knowledge or anything complicated and its way much easier to do compared to mining also mining are costly and expensive so i suggest better go on investing if you want to collect coins as long as you got a good capital to start with then your good to go.
He may be fine to invest more amount. If this newbie have a knowledgeable person in mining with him means he can really blood to invest on mining.
I think you are asking him concentrate on altcoin buying but you will not able to expect the profit in all the times with the altcoin but altcoin mining is seems profitable for Monero and Zcash now.
I think the question "to mine or invest" is pretty inaccurate for the following reasons:
1) Mining is also investing because you buy gadgets, software, or hardware premised on the expectation that you can recover what you have invested as operating expenses;
2) Both mining and investing project an assumption that what the business person has invested will most likely be recovered, earning profits therefrom; and,
3) Investing can be considered a verb for mining for all intents and purposes. This is self-explanatory.
1) Mining is also investing because you buy gadgets, software, or hardware premised on the expectation that you can recover what you have invested as operating expenses;
2) Both mining and investing project an assumption that what the business person has invested will most likely be recovered, earning profits therefrom; and,
3) Investing can be considered a verb for mining for all intents and purposes. This is self-explanatory.
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?
if your a newbie in the world of cryptocurrency then go on investing because investing is less hassel and dont requires technical knowledge or anything complicated and its way much easier to do compared to mining also mining are costly and expensive so i suggest better go on investing if you want to collect coins as long as you got a good capital to start with then your good to go.
Both are risky, as the price of crypto itself is unstable and creates the risk in mining. If your electrical cost is below $.10/kWh then mining may be profitable, depending on what algo you mine, what miner you use etc. For Bitcoin, the S/T9, R4, Avalon 7 and Ebit E9 are miners I know off the top of my head that would be profitable at that price range. They are as noisy as a vacuum cleaner running full blast (exception is the out of production R4 which is pretty quiet but unfortunately very unreliable), so if you aren't okay with this BTC mining isn't for you
Investing is also risky, and without research into a project and it's founders you probably won't make very much. With a lot of shitty projects these days designed solely for raising money and running I don't really suggest it anymore.
Investing is also risky, and without research into a project and it's founders you probably won't make very much. With a lot of shitty projects these days designed solely for raising money and running I don't really suggest it anymore.
It’s depend on your knowledge and the risk that you accept
mining => you must calculate the electricity price, you must buy a very good material (if not, you have some noise and a overheated equipment. Don’t forget the maintenance and the replacement of material.
I prefer use genesys mining even if there is always the risk that they close the contract
The most easier it’s to invest in coin. Of course you must take some news before buy some coin and accept the risk that your coin drop.
mining => you must calculate the electricity price, you must buy a very good material (if not, you have some noise and a overheated equipment. Don’t forget the maintenance and the replacement of material.
I prefer use genesys mining even if there is always the risk that they close the contract
The most easier it’s to invest in coin. Of course you must take some news before buy some coin and accept the risk that your coin drop.
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.
The most easiest way is just to invest in some alts: etherium, waves, wings, monero, dash or others that you will like!
I started with just one Antminer S9. It was a pretty good start for me, but might not be good for you. You could also invest in GPU miners.
If you wanted to invest in Bitcoin, I don't have any advice, sorry.
If you wanted to invest in Bitcoin, I don't have any advice, sorry.
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?
Jump to: