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Topic: Trading or mining? - page 28. (Read 4807 times)

full member
Activity: 994
Merit: 106
Official Street Team member
August 13, 2018, 10:58:36 AM
mining requires large capital, if you start mining with a small capital it will only waste time, because before mining you have to think about the monthly electricity costs that you have to pay, my friend also suggests that, so if your capital is only a little advice I am trading compared to mining
sr. member
Activity: 1680
Merit: 259
August 13, 2018, 09:44:44 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.

The question is which one you can do the best, trading/ mining?. The person who know their capability only the player ( you are ) and know market condition right now is better. Every activity have risk and if you can handle it market will give you their own answer that sometimes can make you bankrupt. I suggest you try trading and take result as capital for the next step, mining. Good luck to you.
member
Activity: 294
Merit: 10
August 13, 2018, 09:17:21 AM
As i know, at the moment if you invest to mining ROI is reduced too much compare with Q4 2017, Q1 2018 due to BTC, ETH price equal 30% that time, so cost for equipment, electric fee will make more time to get benefit from mining.
Yes, the cost of electricity, the office is too large compared to the current ROI. Instead of mining he can trade and win profits every day, the market is low, buying and selling at higher prices
sr. member
Activity: 1176
Merit: 252
August 13, 2018, 09:08:08 AM
If I was I would choose to invest. Investing makes more money if you know how to invest. The current bitcoin mining is very difficult to profit because the cost of exploiting bitcoin is very high.
for now, I am very interested in trying Minning, but I think that requires a lot of money, extra attention, and a considerable risk. considering that, I chose to trade for now. Well, trading is really a good thing in my opinion.
member
Activity: 252
Merit: 10
August 13, 2018, 09:07:42 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.
Think about the cost of mine mining, taking a bit of profit to exploit bitcoin, while many predict that bitcoin will drop to $ 2k. I think it's really risky to mining, trade and you can exit the market at any time
newbie
Activity: 140
Merit: 0
August 13, 2018, 08:34:23 AM
If I was I would choose to invest. Investing makes more money if you know how to invest. The current bitcoin mining is very difficult to profit because the cost of exploiting bitcoin is very high.
hero member
Activity: 1139
Merit: 500
August 13, 2018, 07:59:43 AM
Mining really needs huge funds for capitalization for being a competitive mining industry. We have facing the huge adoption of cryptocurrency and truly miners will give support this for the success. But the situation isn't good enough to risk our money for mining at this time due to market volatility. It is better to go for trades and save a lot of money to put up for investment, and do less expenses.

Just try to figure out doing trading with smaller funds that you had, and thinking or planning mining can be possible when you already gain enough amount of money from trading. Mining cannot be an easy ways of earning profit, because it needs to consume more electricity in order to run at maximum performance. If you had slow serving computers, the profit might not be good and it couldn't cater the needs for more transactions that will be sent to the network nodes.
newbie
Activity: 182
Merit: 0
August 13, 2018, 07:56:54 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.



Actually it all depends to you,,, to the capital and the knowledge you have,to think both are includes risk so the decision is in yours,,, but personally i would choose trading, i found it out how profitable it is, so im gonna stick with it,,,,
newbie
Activity: 112
Merit: 0
August 13, 2018, 07:46:50 AM
As i know, at the moment if you invest to mining ROI is reduced too much compare with Q4 2017, Q1 2018 due to BTC, ETH price equal 30% that time, so cost for equipment, electric fee will make more time to get benefit from mining.
full member
Activity: 1316
Merit: 126
August 13, 2018, 07:43:49 AM
Mining really needs huge funds for capitalization for being a competitive mining industry. We have facing the huge adoption of cryptocurrency and truly miners will give support this for the success. But the situation isn't good enough to risk our money for mining at this time due to market volatility. It is better to go for trades and save a lot of money to put up for investment, and do less expenses.
newbie
Activity: 178
Merit: 0
August 13, 2018, 07:27:26 AM
Trading is more profitable than the mining because if you start trading you can buy coins and wait until it's price will be raised. Mining Is more expensive and complicated
full member
Activity: 219
Merit: 101
August 13, 2018, 07:16:37 AM
I chose trading because mining still does not have maximum additional profit. we know if trading can be done with any capital and it can certainly work if trading is done correctly. but in contrast to mining who have to prepare big money to buy equipment for mining.
Actually most of the miners who start it as profession and have tendency to work in different environment, they face big problems. There are kind of miners who are making good money but that is very little number. Mostly those who orient towards mining are not able to even get their investment amount. The big reason is high cost of electric and non-availability of high standard systems.
jr. member
Activity: 76
Merit: 1
August 13, 2018, 02:48:36 AM
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 more profitable because we can buy the coins and wait for their price to rise whereas mining is a little bit complicated as there are lot of algorithm involved along with electricity.
full member
Activity: 812
Merit: 100
August 12, 2018, 06:11:04 PM

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 and trading is good but you need of knowledge about this two because they have different way to give a good earnings. And also make a research before you do a mining and trading so you know the strategy.
full member
Activity: 465
Merit: 100
August 12, 2018, 06:05:03 PM
I would say that mining is less risky than trading, but by successfully trading you can earn more money than just mining any coins
This is a very good investment in the cryptocurrency market that investors can find out. Exploitation is risky, but profit is not great except for exploiting new coins and expecting it to grow strongly in the future. Trade is more risky but profits are great and effective for professional financial investors.
legendary
Activity: 966
Merit: 1000
August 12, 2018, 05:35:04 PM
It depends on the amount of your money and your courage because each of it has advantages and disadvantages. To get coins faster you can choose to trader, if you like it longer and safer you can try mining.
full member
Activity: 368
Merit: 100
August 12, 2018, 04:10:43 PM
both need capital. those who have big capital will definitely choose to mine, I am different, I prefer to trade, with big capital, I can buy various altcoins for trading, it can create opportunities to branch profit
hero member
Activity: 650
Merit: 500
August 12, 2018, 03:47:40 PM
Mining is not profitable anymore, i think that trading is much more better because you can make your own decision and if you lose, it is only because of your mistakes.
full member
Activity: 360
Merit: 103
🤖UBEX.COM 🤖
August 12, 2018, 03:23:13 PM
I would say that mining is less risky than trading, but by successfully trading you can earn more money than just mining any coins
full member
Activity: 826
Merit: 104
August 12, 2018, 03:04:14 PM
if you have some knowledge about crypto then trading is good to me and mining is also good but mining need electricity cost.
so i prefer trading than mining
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