For mining, you have to spend a lot of money to buy mining hardware and you also need cheap electricity, as mining rig consumes a lot of electricity. There is no guarantee that it would be profitable, as mining difficulty increased, so i would prefer trading.
right, trading will be more profitable because the first capital is in accordance with our ability. different from mining as you explained. indeed for trading we must learn to trade first
Topic: Trading or mining? (Read 4800 times)
For mining, you have to spend a lot of money to buy mining hardware and you also need cheap electricity, as mining rig consumes a lot of electricity. There is no guarantee that it would be profitable, as mining difficulty increased, so i would prefer trading.
right, trading will be more profitable because the first capital is in accordance with our ability. different from mining as you explained. indeed for trading we must learn to trade firstJust had a chat with my friend on setting up mining in my farm house. He advised and suggested more to invest in crypto currencies then investing and spending time in mining. What you guys would suggest me of. Or shall i start with small investment on mining from house with rigs attached to system i have in my house and start a farm house once experienced or do not get into mining? Suggest me dudes.
On my own opinion you can do both. But you can only do trading in doing trading you can earn big profit, you can also earn a big profit in mining but it will consume your electricity you will earn big in mining just to pay your electricity bill.
For mining, you have to spend a lot of money to buy mining hardware and you also need cheap electricity, as mining rig consumes a lot of electricity. There is no guarantee that it would be profitable, as mining difficulty increased, so i would prefer trading.
right, trading will be more profitable because the first capital is in accordance with our ability. different from mining as you explained. indeed for trading we must learn to trade firstMining does not bring the best profits now - each year miners' awards are reduced unfortunately. You also can spend more money to the equipment and electricity than you earn. Trading is much better and more interesting.
I probably pick the mining because it's more applicable yet profitable than trading , because on the mining you could rest assure that you have passive income, despite the fact that its so expensive but nevertheless, mining is so very , i mean very is so much though, very very profitable and worth it. Mostly on the case right now which is very or having problems on bitcoin industry.
Trading because you will earn quickly from it and minig is it will keep network safe n secure😊
Just had a chat with my friend on setting up mining in my farm house. He advised and suggested more to invest in crypto currencies then investing and spending time in mining. What you guys would suggest me of. Or shall i start with small investment on mining from house with rigs attached to system i have in my house and start a farm house once experienced or do not get into mining? Suggest me dudes.
In my own opinion trading is preferably to mining in which you don't have to be thinking if some day the platform crash out unlike trading you control the funds at your own risk and with a good lecture (research) on trading you should get going in no time.
trade, because production is beneficial only in case when you have a lot of money or have the ability to control the equipment
I think trading is better, you are right. However, you need knowledge in trading.
Trading is better anyway as you don't have to make such crazy investments like you have to do in to mining.
trade, because production is beneficial only in case when you have a lot of money or have the ability to control the equipment
I think trading is better, you are right. However, you need knowledge in trading.
I would like to suggest you do trading, not mining any coins. Trading is a very profitable way to earn a good profit and this will increase your knowledge for the future. Mining is not easy at this moment, you can consult with a miner, they are not getting enough profits. Some miners claimed that to mine 1 Bitcoin will have cost more than 9K USD in their country, So bitcoin price should be 12K Plus. But It is now under 7K USD! So, both are good, but Mining is not good enough for this situation. Trading is good for all situations.
Mining becomes less and less profitable. The miners' awards are reduced, the equipment has become too expensive, the prices for the electricity are growing. Better trade.
It depends on coins that you mine, but I agree with you. PoW I think is the past or near it. There will be no place for mining in future, IMHO
And I think that answer for this question depends on several nuances. For mining - which country do you live in? There are different prices for electricity, because it directly affects the payback and profitability from mining.
Live in Venezuela? Go ahead
Trading needs special knowledge, skills, abilities and of course experience. It's dangerous start without it because you risk lose your entire deposit very quickly.
I think if there is an opportunity for both ways - trading and mining, you should use it, it will minimize risks and can increase profits.
Live in Venezuela? Go ahead
Trading needs special knowledge, skills, abilities and of course experience. It's dangerous start without it because you risk lose your entire deposit very quickly.
I think if there is an opportunity for both ways - trading and mining, you should use it, it will minimize risks and can increase profits.
I would like to suggest you do trading, not mining any coins. Trading is a very profitable way to earn a good profit and this will increase your knowledge for the future. Mining is not easy at this moment, you can consult with a miner, they are not getting enough profits. Some miners claimed that to mine 1 Bitcoin will have cost more than 9K USD in their country, So bitcoin price should be 12K Plus. But It is now under 7K USD! So, both are good, but Mining is not good enough for this situation. Trading is good for all situations.
Mining becomes less and less profitable. The miners' awards are reduced, the equipment has become too expensive, the prices for the electricity are growing. Better trade.
I've seen how troublesome my friend is in managing his Mining farm starting from the cost of electricity and damage to the equipment that must be prepared, I feel that it won't suit me... I have skills for trading, so Trading is more suitable for me, even with small capital can be started and there is no need to maintain equipment costs, and the cost of electricity is cheaper...
trade, because production is beneficial only in case when you have a lot of money or have the ability to control the equipment
For mining, you have to spend a lot of money to buy mining hardware and you also need cheap electricity, as mining rig consumes a lot of electricity. There is no guarantee that it would be profitable, as mining difficulty increased, so i would prefer trading.
right, trading will be more profitable because the first capital is in accordance with our ability. different from mining as you explained. indeed for trading we must learn to trade first
For mining, you have to spend a lot of money to buy mining hardware and you also need cheap electricity, as mining rig consumes a lot of electricity. There is no guarantee that it would be profitable, as mining difficulty increased, so i would prefer trading.
For me trading is more than profitable than mining also because some mining lossing profit for the price of bitcoin and other coins is already dropping for their price and I think miners also affected for that.
For this year both are difficult. But under these market conditions, mining is definitely safer than trading. You can hope that the currencies you have mined can be very valuable in the future.
- I do not think under such conditions, mining is safer when the market is conducting a purge action, more precisely, it wants to remove some altcoin, currencies in the market can all become targets for this story, the risk for miners in this period is enormous. Therefore, when comparing mining and trading, the level of risk is equal, but if we talk about the benefits and the opportunity to succeed, I feel trading is better when the market is unstable, it is very suitable for the strategy is buy low sell high, profit will be optimal during this period
Trading is much better comparing into mining, but as of the moment day trade is not advisable for now, due to the market was in declining period, which is not good in short to make some trade in any of the platform exchange. But if you have huge capitalist I suggest you to go in mining either better to buy mining rig machine.
For this year both are difficult. But under these market conditions, mining is definitely safer than trading. You can hope that the currencies you have mined can be very valuable in the future.
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