Topic: Trading or mining? - page 2. (Read 4807 times)
I think mining would be perfect to do on this bear period so I would want to buy a rig if only I have the money. Trading is not good at this moment so I envy those other guys who are already doing it. They have the win-win situation while traders like me have to wait for the god damn bullrun.
In these days trading is more good than mining because due to electricity cost and other machines buying trading is then good because you can do it through your online contacts and mining is now much costly even in china and other countries where electricity cost were less as compared to now. Trading coins on right time can give you profit in few seconds but mining can not make sure that how much and when it will make a return.
in my opinion trading is better then mining if you have trading knowledge and experience,mining is only profitable if you have free electricity and large capital
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.
For bitcoin mining it will certainly be more difficult for profit because the remaining rewards are getting smaller, unless you do mining in Altcoin it may still be profitable, but I prefer trading because with your skills you can make it many times over 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.
For bitcoin mining it will certainly be more difficult for profit because the remaining rewards are getting smaller, unless you do mining in Altcoin it may still be profitable, but I prefer trading because with your skills you can make it many times over profits..
I think trading is better especially for long-term investment. Just buy your coins niw while the prices are low. Wait until the next bull run that might happen this year or early next year. The problem in mining is the regular cost of electricity consumption.
my friend sold mining equipment, they said mining was not profitable this was due to an increase in oil prices and an increase in electricity rates.
I feel this is a sign that mining is at high risk.
I feel this is a sign that mining is at high risk.
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.
Will for me,i would suggest you to create a mining investment,if you have enough fund or capital to create a small rig of mining industry,because doing day trading investment now are not in good and market is still in bleeding situation,therefore in my own definition doing mining investment now is without hassle and everyday you can gain profit even a single amount of transaction on this kind of investment, when every people doing a transaction on the blockchain,otherwise the final decision is depend on your hand of what kind of crypto investment which suitable you most and trend on your passion.
Both methods are effective if you are well versed in what ways. Many people prefer to trade cryptocurrencies on cryptocurrency exchanges.
Trading is more profitable than mining if you what you are doing. Mining bitcoin requires a lot of investment and with current market situation it is even no longer profitable.
Yeah if the rate in the market is low, of course mining will not be profitable, especially if the electricity and maintenance costs are expensive. of course the income from mining will not be able to cover that cost. if you have more skills and knowledge about crypto, then I suggest choosing a trade...
As we can see in the current conditions of the market mining is not profitable, but you have medium risks as probability of equipment damage or theft and it requres basis knowledges about techniques. But trading can provide you with a big profit in a very short time. But it is too risky and requires trading skills and knowledges So it is up to you, what to choose. Personally I prefer to trade..
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.
And that and that way is good for earnings, there is already worth choosing from what you know how, or invest a little less and trade, or invest more in equipment and start mining coins ! Once again, and the way to help earn !
I think it's better to choose to trade because with trading you can get a lot of profits and without having to think about electricity costs and think about the repair costs of your mining tools.
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.
I prefer to trade because in my country, mining must require very large electricity and the electricity costs are also very expensive so the results obtained from mining are not too worth it.
I think a single "pill" does not exist. The most reliable and best thing you can do is trading, which brings profit, which you evenly distribute to increase trading volume and start mining. In this case, the risks are minimal.
now is good trading I think this time is a market move in BTC is going bull run i mining is 2017 year dash coin all cost is very high i think good is trading
Trading always is good. I like trade and I got a good amount of profit from trade. if you catch the system of trade then you can earn a lot of money. Trade is a system and its market analyser, when you are the best market analyser then you can make profit very much.
I think it will be great to choose trading, they are both profitable but the trading process is way more better in mining in terms of high income and feasible result.
Mining is most subject in scam schemes which is very alarming and very difficult to trust with in this industry.
These two choices are equally risky. In trading, we get a bigger profit than mining, but that comes back to 'how much capital we spend' and 'how luck we are'. If we are people who like challenges, we can choose to try both of them using the same capital. After we know the difference, then decide which one to take. This maybe, not everyone can try this kind of method, because this requires huge capital. But this will be very useful because we understand from the experience that we went through alone. Mining is most subject in scam schemes which is very alarming and very difficult to trust with in this industry.
Trading is all my favorite when it come to cryptocurrency. Haven the right strategy been put in place when venturing into trading can in any mode yield more profit than Mining. Trading with the right skills on daily basses can be more rewarding than Mining on the best farm.
Preferrably trading yes, why? because it is more affordable than mining even trading is more risky than mining due to market fluctuation and volatile prices. But in some cases when you are wealth enough you can mine not just bitcoin but every cryptocurrency while it is still mineable state so you can maximize the use of your computers and electricity, mining is costly but more profitable it depends. Jump to: