Topic: Trading or mining? - page 23. (Read 4807 times)
indeed both can be used as a way to earn income. but both have risks and also the advantages or disadvantages of each. I think mining requires more capital than trading. because the tools used to mine are also expensive, so I myself prefer to trade daily rather than mine.
In answering this question to yourself, you have to answer a lot of additional questions. To make long story short - trading 
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.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.
The purchase of equipment for mining is very expensive. But there is potential in this. Just you have to calculate how much you really pay for the equipment and what the costs for electricity will be. Maybe for you it's not such an expensive purchase.
As for investing, now is a good time to buy crypto currency. Now the prices are very low. Therefore, buying several prospective coins for medium and long term trading can potentially bring you very good profits.
So make a decision based on your financial situation and goals.
As for investing, now is a good time to buy crypto currency. Now the prices are very low. Therefore, buying several prospective coins for medium and long term trading can potentially bring you very good profits.
So make a decision based on your financial situation and goals.
Mining was the best option at the beginning. Now it is too late, your investment have to be really big in order to make a decent return. If you are counting that the price of ypur mined coins will rise (like ETH) it is risky and probably better still just buy the coins.
of course mining, trading is tiring because we have to spend a lot of time always observing market developments, and mining doesn't need that...
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 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. 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.
Trading has it's advantages so is mining. The right approach to all these is to combine the both trading and mining in order to maximise income and gain from both activities!
Yet we need to have a bigger capital for us to do them both, and what you have said is true, they have their own advantages and disadvantages. Actually, it could be better if a certain someone could do it both, the bigger profits he could get of course, and the advantage of having multiple source of income is that you are not going to have any problem at all in case the other one messed up.
However, when you are going to choose one, it would have to depends on what you can do, on what field do you excel the most, though anything could be master by studying about it. So, if I'm going to choose, I'd go for mining first if you have the money, and while I'm earning money on mining, I would slowly engage to the world of Trading.
Not for the faint hearted, the crypto markets are fast paced and volatile but if you watch carefully you will be able to see the peaks and troughs as they develop. Each coin does appear to have a pattern of its own and for obvious reasons it is better to invest in a coin which has an overall upward movement. Of course there are always going to be external influences which throw the pattern off its usual course.
Some people compare crypto trading to gambling, but I like to think there is some skill involved too, and I have done pretty well in my first month by sticking to one simple rule:
Some people compare crypto trading to gambling, but I like to think there is some skill involved too, and I have done pretty well in my first month by sticking to one simple rule:
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.
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.
For me, trading is a top choice. By trading, we will get unlimited results. With the least amount of capital we can trade.
Different from mining, that is, when we do mining we must be prepared to have a large capital because we have to buy updated mining hardware.
Besides that, we also have to be smart in configuring and also choosing the right coin.
Different from mining, that is, when we do mining we must be prepared to have a large capital because we have to buy updated mining hardware.
Besides that, we also have to be smart in configuring and also choosing the right coin.
in my opinion it is better if you have to be able to know first how to trade properly and how to mining properly and you have to be able to see the difficulty level of mining and from trading, for my experience that can be easier to get profits is by trading, but if you can understand computer language and in your country electricity is very cheap so you can do mining.
I will choose mining, because if we trade there will definitely be a lot of losses, I hope everyone will never trade, because the trading market is badly priced
Trading has it's advantages so is mining. The right approach to all these is to combine the both trading and mining in order to maximise income and gain from both activities!
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 there is money to invest, mining will be an option not bad. My country lives relatively cheap electricity prices, benefits are not lower than trading.
You better know the aspects of mining, that is great. Mostly people want to start mining as they get it through general aspect and that doesn’t let them go deep in facts that are needed. For mining, every other thing just works fine except electricity. As systems must be strong and they should be running for whole day and consuming extra power, so cheap electricity must be provided.Electricity has been the most common problem in mining, and miners prefer to build a rig in a country who has cheap electricity, and Georgia was the most preferd country.
These days mining Bitcoin is almost an unprofitable method of investment, not unless if you have a really huge mining farm. Another problem in todays mining, is the level of difficulty to mine everybit of Bitcoin as there are only 21million supplies and there are 17million circulating supplies in the market already.
Best option for the OP is to do trading. Although it is more riskier than mining, but it can make good returns than mining.
If you think that you can compare mining where you invest in equipment and trading where you have so many risks, you live in delusion! With mining you will have some income that will depends from your power of your equipment, expenses for electricity, network difficulty, some income small or big depending from your mining rigs, with trading you are all in risks, if you think you can have steady income from trading than you never traded and you don`t know nothing about it.
If there is money to invest, mining will be an option not bad. My country lives relatively cheap electricity prices, benefits are not lower than trading.
You better know the aspects of mining, that is great. Mostly people want to start mining as they get it through general aspect and that doesn’t let them go deep in facts that are needed. For mining, every other thing just works fine except electricity. As systems must be strong and they should be running for whole day and consuming extra power, so cheap electricity must be provided.Electricity has been the most common problem in mining, and miners prefer to build a rig in a country who has cheap electricity, and Georgia was the most preferd country.
These days mining Bitcoin is almost an unprofitable method of investment, not unless if you have a really huge mining farm. Another problem in todays mining, is the level of difficulty to mine everybit of Bitcoin as there are only 21million supplies and there are 17million circulating supplies in the market already.
Best option for the OP is to do trading. Although it is more riskier than mining, but it can make good returns than mining.
Mining is good if you have the funds. Its better to start trading as it requires you to invest your funds on coins and wait for growth. Trading is a skill and not so much sophisticated in nature like mining. If you have the funds, you can do the both and reduce your risk
For me if you can invest in the mining software you can do mining, but in doing the mining it is too expensive because if consume more on your electricity then if you do not have a money for the mining software you can do trading, in trading you can invest what you can invest you do not over invest. But in doing the trading and mining you have to study it first because if you do not know something you might lose what you have invested. For me the key for earning big is you have to study and be patient in earning big.
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