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Topic: Trading or mining? - page 3. (Read 4807 times)

legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
October 05, 2018, 06:56:24 AM
Crypto mining is capital intensive and power intensive and it take a lot of geeks to run smothly on the process and it may give headaches when it fails. If given a chance same amount of money like 100k USD, for mining and trading and give a side to side comparison of a profit/loss tables i bet trading has more earning potential than mining.
well, my mind has never changed about this, minning always requires a lot of funds and pay attention to very much. I prefer trading, because I think it can train my mind in analysis and others.
newbie
Activity: 153
Merit: 0
October 05, 2018, 06:52:03 AM
Both have different risks, But your choice should be based on your preference. Some people don't have the motive or space to set up a mining rig or maintain it others don't have the patience to trade.
sr. member
Activity: 616
Merit: 256
October 05, 2018, 06:38:51 AM
Crypto mining is capital intensive and power intensive and it take a lot of geeks to run smothly on the process and it may give headaches when it fails. If given a chance same amount of money like 100k USD, for mining and trading and give a side to side comparison of a profit/loss tables i bet trading has more earning potential than mining.
sr. member
Activity: 1540
Merit: 255
October 05, 2018, 02:27:06 AM
According to the experience i have trading is fair better compared to mining because for mining we need to have a large amount of capital. Now a days mining is not much profitable because most of the project is showing interest towards utility tokens only.
newbie
Activity: 32
Merit: 0
October 05, 2018, 02:22:06 AM
With trade you don't really care to think about the level of difficulty of mining and break the blocks to get bitcoin because I think trading can provide many advantages over mining
hero member
Activity: 1190
Merit: 500
October 05, 2018, 01:48:33 AM
Trading is more profitable than mining if you what you are doing. Mining bitcoin requires a lot of investment and with current market situation it is even no longer profitable.
Yeah if the rate in the market is low, of course mining will not be profitable, especially if the electricity and maintenance costs are expensive. of course the income from mining will not be able to cover that cost. if you have more skills and knowledge about crypto, then I suggest choosing a trade...
sr. member
Activity: 658
Merit: 251
October 05, 2018, 12:08:01 AM
My friend said that now Minning actually loses because they will lose in terms of electricity payments. in my opinion right now is the holder for the long term to be able to get big profits
sr. member
Activity: 1792
Merit: 255
October 04, 2018, 08:44:05 PM
Trading is more profitable than mining if you what you are doing. Mining bitcoin requires a lot of investment and with current market situation it is even no longer profitable.

Yes right, the most difficult thing from mining is the level of difficulty that continues to grow, even though the price of coins has increased significantly but what I feel mining actually loses, the number of large companies that focus on mining makes personal mining a very difficult thing than tradingg.
full member
Activity: 392
Merit: 101
MenaPay - Crypto made easier than cash
October 04, 2018, 06:47:31 PM
today, I would certainly prefer to buy coins and wait. Mining is not as cheap as it seems. electric energy costs money too.
sr. member
Activity: 798
Merit: 250
October 04, 2018, 05:51:28 PM
Mining isn't profitable nowadays unless you have really a high budget to spend on equipments and electricity. Also, you have to wait a long time to get back your ROI with the mining tool. Trading is more profitable but it is also risky, and you should learn about its basics firstly.
sr. member
Activity: 2338
Merit: 365
October 04, 2018, 04:26:57 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, in my opinion, is very good rather than trading, a stable income and the heart is not too surprised by market conditions, but we also have to be aware that the cost to start mining is not cheap and if the cost is a barrier, in my opinion, it is better to focus on investing in the ICO or following the bounty program until the capital is collected.
hero member
Activity: 1204
Merit: 502
Vave.com - Crypto Casino
October 04, 2018, 04:17:38 PM
As I'm just a retail investor, trading is more profitable for me for sure. I believe that mining will make me less money, but again mining is a good tool for the passive income. Mining Bitcoin now is on the corporate scale, so retail investor can't profit from it.
full member
Activity: 350
Merit: 104
October 04, 2018, 04:04:55 PM
trading is more risky but mining requires large capital to be able to walk. I prefer trading with small capital so that I can get maximum profit and avoid losses. So when the capital you have is not large, choosing trading is a good choice
member
Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
October 04, 2018, 04:00:41 PM
Trading is all my favorite when it come to cryptocurrency. Haven the right strategy been put in place when venturing into trading can in any mode yield more profit than Mining. Trading with the right skills on daily basses can be more rewarding than Mining on the best farm.
hero member
Activity: 756
Merit: 503
October 04, 2018, 03:53:34 PM
Mining will become obsolete soon thanks to other algorithms such as POS where you don't need any mining rig or mining farm to generate a particular coin.
Furthermore, mining is not profitable now for individuals because of increased mining difficulty, price fall and high electricity consumption.
Therefore, it is better to focus on good coins which can be generated by staking or similar mechanisms.
Trading may be a good option. However, there are market manipulations which means there is a risk in crypto trading and should not invest more than afford to loose.
member
Activity: 168
Merit: 10
October 04, 2018, 12:40:13 PM
Trading is more profitable than mining if you what you are doing. Mining bitcoin requires a lot of investment and with current market situation it is even no longer profitable.
newbie
Activity: 24
Merit: 0
October 04, 2018, 10:14:11 AM
If you know how to trade then stick with trading
sr. member
Activity: 812
Merit: 250
October 04, 2018, 10:08:57 AM
many people go bankrupt and sell their mining tools. this is due to the increase in oil prices which has caused electricity tariffs to rise.
then aggravated by the decline in the price of eth. take good and wise decisions with your finances.
member
Activity: 275
Merit: 10
universa
October 04, 2018, 09:44:49 AM
What is the best token or coins for mining ..?
member
Activity: 518
Merit: 10
October 04, 2018, 09:06:09 AM
Right now calculation for 36 rx470 mining etc is 35$ profit monthly. So whats smart there? Sell rigs and invest in crypto or continue mining?
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