Topic: Trading or mining? - page 21. (Read 4807 times)
The main advantage of mining is getting a relatively stable income in the crypto currency, especially if you work in a Mining Pool. But the income, expressed in fiat money, will constantly "float" along with the change in the rate of the crypto currency.
of course I prefer to trade than mining, I spend a lot of money and have to think about the condition of mining tools all the time and have to pay a very large and expensive electricity cost so I better choose to trade.
There are both advantages and disadvantages with trading and mining.
Mining advantages
No extra fee charged for mining apart from investment.
Risk free in long run
Consistent profits
Mining disadvantages
Long term investment
Can't earn money quickly
Huge time involvement
Trading advantages
Quick profits
No investment in equipment
Easy to manage like sell high buy low
Trading disadvantages
Requires more skills than trading
Impossible to predict prices
Trading fee
Higher risk
Apart from all those advantages and disadvantages I think it is all about the interest of the person as both of them are good and only those can get good profit that are having mind set about anything it could be mining or it could be trading. I like trading because it has a little risk but it is not that expensive as much mining is so for me trading is good, Mining advantages
No extra fee charged for mining apart from investment.
Risk free in long run
Consistent profits
Mining disadvantages
Long term investment
Can't earn money quickly
Huge time involvement
Trading advantages
Quick profits
No investment in equipment
Easy to manage like sell high buy low
Trading disadvantages
Requires more skills than trading
Impossible to predict prices
Trading fee
Higher risk
I don't know whether mining is difficult or not but as for me not everyone can choose mining because special equipment is needed, you should think hard about mining, it is easier to choose trading
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.
Personally, I prefer first of all to engage in trading and fix profits, as cryptocurrency can grow very quickly and their large numbers and mining them a lot not to cover, and the profitability is already reduced, if the equipment is not so powerful.
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.
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.
I saw the market from last 6 months, there are so many continue down trends are disturbing the whole market and price of all coins in trading goes down, that is why I think the very best option is Mining of good coins, Mining is good work and without any headache of the market situations.
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.
If you have enough wealth, then mining is a good choice. If you are ordinary, mining may not be suitable, because mining risks are now increasing as the market declines!
In the recent trend, mining is not profitable because we have seen the difficulty level has been increased for maturing the coins. So the option we have is trading because for trading it needs only little investment to start trading. Even though we lose it won't affect us much but whereas after buying the equipment it will take more than 3 or 4 months to mature the coins.
Ultimately, mining is a long term investment. You pay for your hash rate in your chosen coin, then sit back and watch a small amount come back to you each day. The number fluctuates from day to day but you can be certain that you will earn something every day.
It's actually a business, if the price of bitcoin will be stable and miners are profitable with the current price then it will give them a stable profit. However, bitcoin does not behave like that, we know it's volatile so normally those huge mining company will only survive in the long run
Ultimately, mining is a long term investment. You pay for your hash rate in your chosen coin, then sit back and watch a small amount come back to you each day. The number fluctuates from day to day but you can be certain that you will earn something every day.
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.
I would suggest if you are too busy enough to have time for trading because you have your hectic schedule then go for mining, not a hyip site but a legit mining company or build your own mining rig, then if you have enough time to focus on trading then do it. It is more profitable than mining, u can have your profit within the day if you're that skilled enough. Just my opinion.
if I have a lot of money that can be spelled free money or more money I better to trade, right now I think investing more attractive than the mining not to mention the cost to be spent on mining is not a bit, electricity is used any not small, will add a lot of cost.
I agree with you, because I have the business spirit of buying and selling seems more attractive, it is seen from a very large risk, but there is nothing in the world of trade that continues to profit, there is a profit and loss, so we must be smart in responding and always making the right decisions . so the risk of losing a large one is proportional to the huge profits too. 
do mining if you are techie and want to learn hardcore mining 
but the path is not easy. you can always buy hashpower from nicehash to mine any coins with reasonable price. i suggest to look for some new coin projects with good reputation which means higher probability of growth.
if you just want to earn, go buy coins rather invest in mining rigs. mining may give you roi in 1 year, but investing in coins will give you roi in 1 month.
but the path is not easy. you can always buy hashpower from nicehash to mine any coins with reasonable price. i suggest to look for some new coin projects with good reputation which means higher probability of growth.if you just want to earn, go buy coins rather invest in mining rigs. mining may give you roi in 1 year, but investing in coins will give you roi in 1 month.
Both enterprise are not really spining a lot of cash at the moment, mining difficulty has spiked for most common coins and price has dipped, trading in a bear market should be left to the professionals , not those just starting,maybe your friend should devote more time to research first to better understand cryptos
If you want to earn profit with less capital, trading will do but it will just require your time to do trading. Mining is different because it's more technical, expensive in terms of purchasing system hardware requirements and maintenance but once established, all you need to do is sit and wait for a profit since the computer will mine cryptos for you.
Besides all these things, even the guy that has the best mining equipment will not earn more than a trader. Some miners get only several dollars a day, it is not enough.
Trading is the best option as compared to mining for me as do not have that much money to spent and buy those costly equipment, do not have that much space to store it and electricity cost in my country and are doe not make it a affordable choice to min any of the coin.
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