Trading or mining? - page 27. | Bitcointalksearch.org

klasik1980

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Quote from: maarx on July 28, 2018, 07:00:59 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.

If you begin mining, you have a guarenteed income, however little… Trading takes skill and luck

However, mining will inevitably lead to some level of trading

kriptowitch

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Quote from: maarx on July 28, 2018, 07:00:59 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.

I think that 50/50 will be the best and excellent option. 50% you leave for investing in various crypto, the other 50% you can spend on equipment for your farm

hawkins

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Quote from: YNAGS Team on August 15, 2018, 12:59:07 PM

Quote from: maarx on July 28, 2018, 07:00:59 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.

Mining is a passive staff and trading is an active so you should decide for yourself only what is referable to you in terms of your free time I'm all that you have. If you're working out then maybe better for you to mine.

Well, I'm always interested in mining, even I have joined a number of Minning sites in 2014-2015, and it's really easy. well, but in the end the site ended in a scam. normally I want to do minning with hardware, but I think so many costs must be considered.

YNAGS Team

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Quote from: maarx on July 28, 2018, 07:00:59 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.

Mining is a passive staff and trading is an active so you should decide for yourself only what is referable to you in terms of your free time I'm all that you have. If you're working out then maybe better for you to mine.

Ailmand

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Quote from: kar3789 on July 28, 2018, 09:19:23 AM

Trading is far better than mining, Doing trading you can expect 10x like profit but in mining you cannot expect
this kind of profit. In 3 month period I converted 130$ into 3000$ through trading. Through mining you can expect only return of your investment in 3 months so my suggestion is trading is better than mining.

I agree with your reply; however, not just because of how quick an investment could return, but I think, the main consideration in this case is the fact that trading is easier to do while not shedding out that much capital in exchange. Remember that, in mining, you need to first set-up, not just one, but a couple of mining rigs, in order to make profit. Those mining rigs are not cheap as well as the operating costs also needs some amount of money, as compared to trading, which also needs some capital such as money for transactions and trade fees; however, the amount is not as much as setting up mining rigs require. So, for me, I choose trading over mining.

agnostos

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Quote from: Oasisman on August 15, 2018, 03:52:34 AM

Quote from: zeaderza on August 15, 2018, 03:13:45 AM

Quote from: chuyengia2244 on August 11, 2018, 11:41:33 PM

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 profitable when you have a cheaper electricity in your area. Many miners today sell their mining hardwares because of the electricity problem. Trading is much better when mining is not for you

Dontme

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Quote from: Clark05 on July 28, 2018, 07:23:21 AM

Mining need more plan before you start because possible to lose your money once you failed. Many people who started mining losing their capital. Do some strategy and and you will be able to earn money.

But if you want more safe you can invest to trading by buying altcoin.

The same as trading, they are both risky. In order to earn and not lose to much you need to find your own strategy where mostly some big traders and miners advice to us.

kakonhat

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Crypto in my Blood

I think your friend didn't give you bad advise. I don't know where are you from! Because mining is costly if in your country don't have a low cost on the Electricity charge. But there is a low cost of electricity in your country then you can run a mining machine. You can do one more thing just find a people who are doing the mining in your country to get the better result properly, what is good for you.

tailwate07

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Quote from: maarx on July 28, 2018, 07:00:59 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.

Lolzzz did you just say farm house? Anyway if I were you, I would make the decision based on whether I have the skills that’s required for trading and whether I’m ready to carry the expenses that will come from mining. It’s not a new for everyone today that trading carries a lot of risk, and mining itself carries a lot of expenses . So if you can’t do trading, then go for mining and if you can’t handle the expenses you should go for trading then, or maybe cloud mining.

OrangeSeller

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Quote from: Lambe Ndumble on August 11, 2018, 11:29:22 AM

I think trading is better than mining, especially market conditions that are difficult to guess and seem to decrease while maintenance costs still even increase so that it is more difficult to profit if we are mining, while trading is simple.

I am not trading right now because do the cost and benefit analysis and it is not just profitable to do the trading right now because you do not earn good money when the price falls or when the market is a bit down. About the mining, I would say that it depends on the price of the mining and you have to decide if the price of the mining is less than the price in the market, you can do mine the coins.
Whenever the price of the mining becomes equal to the price of Bitcoin in the market, you are just left with no incentive to mine anymore.

0xBitcoins

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Quote from: Kimi80 on August 12, 2018, 02:45:09 PM

My good friend started with mining ten months ago. He started with one rig. After three, four months he had four rigs. It seems like it is profitable since he expanded his 'business'. As I understand, only problem he could have was electric energy bills but he solved that problem by placing rigs on different locations(at his fathers house, mother house etc). Overall, he is not complaining, never had problem with hardware, he is still mining and saving his coins. He is trading too but is not good in it and his primary coin income source is mining.
Make analysis, see what you can get out of mining, I think that you can find that info easy, and decide

It is good to see that you want to help the victims of earthquake but I think you will get a better response if you create a new thread with topic related to your concern. I don’t think that many people are going to respond you in a positive way. They might ask you for your identity and stuff like that. After all, it is a trading discussion section. Best of luck with the donations.

Oasisman

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Quote from: zeaderza on August 15, 2018, 03:13:45 AM

Quote from: chuyengia2244 on August 11, 2018, 11:41:33 PM

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.

zeaderza

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Quote from: chuyengia2244 on August 11, 2018, 11:41:33 PM

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.

chibimanau

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The current bitcoin mining costs are very high, including equipment and electricity prices monthly. So, i prefer to trade. I choose the good coin as BTC, ETH ... buy when the market goes down and keep them for about two years until the market rebounds again.

Mazzary

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I personally choose trading because it is fun to drive adrenaline when the price of a coin goes down there is a time when the price of the coin goes up which makes me motivated to analyze various things that affect the price change, while mining requires large capital but has a big advantage too, so it all depends on interest and our financial condition

r.black

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Well, for starters, these are things that can not be compared.) If you are engaged in trade, then you are focused on making profit here and now, working on a familiar situation and trying to get your piece out of the market. Mining is a passive income, but which requires resources, and its payback is not always the same as you expected initially. On the good - you can try yourself in everything and see where your income is obtained as a result more

hengha

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From the current market conditions, the risk of engaging in the mining industry is increasing. First, because you need a large number of mining machines to get considerable profits, and the mining machine is a huge investment, you also need to consume electricity and so on!

brightMan

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Quote from: Lambe Ndumble on August 11, 2018, 11:29:22 AM

I think trading is better than mining, especially market conditions that are difficult to guess and seem to decrease while maintenance costs still even increase so that it is more difficult to profit if we are mining, while trading is simple.

Mining consumes more money on electricity and little other consumption which results in lesser profit than that of profit with trading. Trading is a profitable way and we can do it smoothly in different times depending upon our knowledge. If we handle it carefully with focus then we will have a good time here, exchanges also help us in making and reaching out to our final profit.

StephenieDuong

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Trading and mining are two difference investment type. With trading you just need to control your money and try to earn maximum profit each day. But with mining, you need to check and make sure miners machine doing well everyday, electric bill...

Stolivie

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Quote from: Aris novianto on August 11, 2018, 11:35:34 PM

I prefer to trade, now we have to buy coins in the market, because all the coins in the trading market are decreasing, buy as much as we have capital, then trade with the long term, we will definitely have the profit very much.

Trading is only profitable in bullish market. These days coin keep on decreasing in value and all the people who trade are in a loss. On the other hand Minning gives you daily profit as you keep on mining daily

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