Trading or mining? - page 22. | Bitcointalksearch.org

BitcoinTurk

hero member

Activity: 1694

Merit: 629

Quote from: maarx on July 28, 2018, 06:00:59 AM

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.

To comment today, I think trading is more beneficial because many miners generally close their rigs. At these price levels, unfortunately, it is impossible to cover even the expenses, I think it is profitable as a long term mining process. But as I mentioned in the previous bulletin, it is very difficult to predict how profitable this is in market conditions and I think that it will not be very profitable according to the trading transactions. For that reason, I recommend you apply your trade advice without taking too much risk and stress, and if you want to earn in the long term, apply the mining advice. In the short term, both options will not make much but mining in the long term may be more logical.

elpape225

newbie

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https://medium.com/@optitoken.io/hyperdeflationary-monetary-systems-why-they-should-be-owned-and-utilized-1a34bc2a7536

bitcoinisbest

hero member

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Quote from: darkr on August 21, 2018, 12:03:00 PM

Quote from: yonjitsu on August 19, 2018, 08:00:41 PM

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.

darkr

full member

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Quote from: yonjitsu on August 19, 2018, 08:00:41 PM

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.

znaneswar

newbie

Activity: 46

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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

HatakeKakashi

hero member

Activity: 1274

Merit: 513

If you have big capital you can do it, but they have a lot of procedure that you before you start a mining because most of the miner lost their capital because of don't enough knowledge about mining. If you have friend it is good because he can guide you to mining and big chance that you earn money because your friend know what to do.

Trading is open for all what ever how much is your capital you can start buying an altcoin and you need only few information and knowledge about trading and you can earn money if you invest to a good and potential coin.

fredo123

full member

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Quote from: jems on July 28, 2018, 06:40:54 AM

both of these do have a big risk, but there is a difference between the two. I suggest before you choose one of the mining and trading you should have understood some advantages and advantages of doing so and we know that doing mining is in need of a large initial capital.

Here are advantages of bitcoin mining over buying bitcoins,
* Bitcoin mining allows their user's keep a track of their transactions, The bitcoins are untainted.
* There is no extra fee that is charged for acquiring the coin apart from the investment in hardware (this itself may be substantial though.)

BeGoods

legendary

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Quote from: dating centre on August 20, 2018, 05:34:57 PM

Quote from: Dr.Osh on August 20, 2018, 11:51:47 AM

Quote from: Baimovic on August 20, 2018, 11:14:47 AM

I understand mining in general, but the high cost of electricity with electricity instability in my area makes it impossible to do, I don't want to use a generator just to mine!

the best alternative is trading because it only focuses on capital analysis and daily profit, I prefer the price formation situation on the market rather than monitoring the mining hash settings and doing nothing.

Well, in the end, we have to have a good team if we want to use Minning, because I feel it is very difficult to manage it myself. well, but if it's a team, it's good to have a minning before trading. making use of both of them will be very good.

mining is not as such easy job, it requires a lot of equipment and setup which also require a lot of investment, while trading is a little easy as compare to mining. it also requires a lot of money but still it is easy than mining.

Yeah you right, in mining there is setup, maintenance, control, large capital to buy equipment and cost electricity and so on. that's why you need a team to make it easier. but of course the profit will decrease due to profit sharing, besides being complicated in handling it, I think it will be much easier in trading. no maintenance. You just focus on the coins you will buy

Dianaarrah

newbie

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It's much profitable on Trading since you just invest your money and not buying any hardware and equipments to do mining. But, maybe some people do it simultaneously so they can earn both on trading while doing mining it will just cause them electricity bills. If the market falls down it might affect them really big.

hastang

jr. member

Activity: 149

Merit: 3

I prefer trading rather than mining! Mining requires a huge amount of capital and its not guarantee if you could get a good area to do your operation as it's requires lot of energy. Further, most countries don't allowed mining of bitcoin in their court because of the energy it would consumed. Unlike trading, as long as you have money you can start trading, just follow the rule of buy low and sell high to earn profit in your capital.

hardinero007

sr. member

Activity: 938

Merit: 266

Quote from: maarx on July 28, 2018, 06:00:59 AM

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.

hi, it seems you have been into crypto for a long time since you are already a hero member. anyway, there are fun stuffs both in trading and mining, and both can bring you good profits.

let's start with trading. since crypto is still in it's early phase, lots of people are also trying out trading, and if you're better than average dude, you can earn buy buying altcoins on cheaper exchange and sell these on the more expensive exchange. do this regularly and you can have good earnings.

for mining, don't mine old coins. hunt for new coins and mining their coins will net you more coins since difficulty will not be that hard. if you can, you can buy hashrate online (nicehash) to get more coins. once the coins appreciates in value, sell them for bitcoin.

Hirikama29

newbie

Activity: 98

Merit: 0

Mine make you get bitcoin free from digging bitcoin, however digging bitcoin you need to invest in machinery as well as you need to invest on time . you can trading and mining both

vuithoinha

newbie

Activity: 196

Merit: 0

Mining is a great way to make money, but not two have the capital to invest in digging systems and have the knowledge of digging algorithms to maintain the machine. Trading is a much easier option

katuhakuh

jr. member

Activity: 322

Merit: 2

In my opinion, trading is more risky, but mining requires large capital to run. I prefer to trade with small capital so that I can get maximum profit and avoid losses.

destiny100%

newbie

Activity: 85

Merit: 0

Most people have the view that they will trade instead of exploiting. I personally like that. The exploitation costs a lot so the exploitation will not get much profit.

coin_1122

full member

Activity: 1134

Merit: 102

People who have very good experience at trading will always go for trading because of mining always needs large equipment for maturing the coins and for this we need some space. For experience, people trading always need little expenses to make a profit on it.

Innerpumper

member

Activity: 1021

Merit: 12

wait as prices bitcoin didasar is the best thing to buy and trade bitcoin with great benefits and targeted. Whereas, currently for mining is very lose. However, for you are a holder you may be able to get great benefits.

Pattart

hero member

Activity: 1190

Merit: 500

Quote from: ?? on ??

Quote from: Dr.Osh on August 20, 2018, 11:51:47 AM

Quote from: Baimovic on August 20, 2018, 11:14:47 AM

I understand mining in general, but the high cost of electricity with electricity instability in my area makes it impossible to do, I don't want to use a generator just to mine!

the best alternative is trading because it only focuses on capital analysis and daily profit, I prefer the price formation situation on the market rather than monitoring the mining hash settings and doing nothing.

Well, in the end, we have to have a good team if we want to use Minning, because I feel it is very difficult to manage it myself. well, but if it's a team, it's good to have a minning before trading. making use of both of them will be very good.

Share in expenses and share in profits, not bad. But if you're someone that doesn't really socialize that much, you might obviously find it difficult to get a team of crypto miners. However not like you're required to have friends but if you have the ability to negotiate appropriately then you might get one. It is about the profitability anyway, so they might agree. Some could ask you a lot like it is an interview on how these costs are calculated accurately, because he might think of that you're just screwing with his electricity. It is gonna be you teaching most of the important definitions about crypto and inside of its mining process.

That is what is not liked by mining. making teams, sharing profit, share costs and working together and so on. of course people will think that it will be very complicated. whereas trading will be much easier, do not need to work as a team let alone share profits. I choose trading

Sasha Grey

member

Activity: 672

Merit: 10

I prefer trading, with trading we have the chance to get profits up to hundreds of percent in a month or even less, but with mining it takes at least a year for RoI and of course with the condition that prices are stable, if the price drops then it takes longer for RoI.

lavishlifing

newbie

Activity: 143

Merit: 0

Definitely going for trading, if you want to start trading
there's only few things that you need, examples are,
time, money(30$+), effort, etc.

Topic: Trading or mining? - page 22. (Read 4808 times)