Topic: Trading or mining? - page 32. (Read 4807 times)
Trading simply means exchanging one item for another or shall we say the process of buying, selling, or exchanging goods or services. Mining on the other hand is the process done by miners in which miners add blocks in block chain and gets reward for that. Trading needs less capital unlike mining. As long as you understand and can anticipated the movement of market price, you'll surely get profit from trading. So if I were to choose, I rather go with trading since mining is really expensive.
You will earn income for a longer period of time, but you do not need to invest capital, but you will be profitable and fast, but risk is higher if you do not have the knowledge. should choose the mining plan
I feel both have it's advantages and disadvantages. I had a similar question whether to invest on mining rig or invest on ICO. For some what reason , I chose trading and its working well for me. Mining is expensive and need some expensive hardware. My opinion, ICO and Trading are profitable.
I would advise you to trade better. It is better to start with small volumes, gradually gain experience and it will be more profitable than mining. Now the payback of the equipment will take a very long time, compared to how it was before. So choose trading.
Now it is more profitable to deal with crypto-currency trading. Mining of the crypto currency is now only profitable on an industrial scale.
Yes more profitable in crypto trading if in mining the more device you have it can gives more profit. But I still prefer investing in crypto which I found more chance to earn profit. Searching the best on these two could helps to earn money. So still depends on a person on which is capable to earn. 
I used to mine back in late 2013, 2014, and what I found is that it could be a waste of time and extreme effort, because putting all the money spent on the equipment into a promising coin, can give you much, much, much more return. But we’re in a different era now, so I suggest doing a little mining, and investing.
Exploiting and investing are all very good ways to earn income in this market and investors can fully participate. Tapping is a very good investment because you only need to invest in mining machines then choose good and potential coins to dig. As for investment, you need more knowledge of finance and market to succeed.
Now it is more profitable to deal with crypto-currency trading. Mining of the crypto currency is now only profitable on an industrial scale.
I used to mine back in late 2013, 2014, and what I found is that it could be a waste of time and extreme effort, because putting all the money spent on the equipment into a promising coin, can give you much, much, much more return. But we’re in a different era now, so I suggest doing a little mining, and investing.
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.
For my own opinion I think putting up a mining farm needs huge amount of investment and you don't know if it is still profitable. In trading you can earn profit in just few days if you choose the right coin to trade.
How about make some questions for yourself too.
Is mining still that profitable?
The competition is too thick now and it will be hard to mine. You may be using too much electricity than getting profits from it.
Recently someone talked to me about mining and he says it is just Zcash where they can move faster or get an ROI. Too hard to compete now with popular coins since there are large groups of it
Is mining still that profitable?
The competition is too thick now and it will be hard to mine. You may be using too much electricity than getting profits from it.
Recently someone talked to me about mining and he says it is just Zcash where they can move faster or get an ROI. Too hard to compete now with popular coins since there are large groups of it
I think trading is most profitable than mining for small investors. But mining is more important than trading. We do everything becase we need to earn money. If we like to mining bitcoin we have to do it with larger size and higher performance. For mining process need more power. Because of those it is more costly. Thats why i told mining is not suitable for small investors. We can trade with small amount also. We can make profit in short term by trading. Therefore trading is better than mining for those who have small capital.
You need to decide on the one you wish to do. Mining and trading can be both profitable if you understand how they work. Mining demands more money to set up. Trading demands your technical know how but preferably, I prefer trading.
If you can have the devices to mine, you should mine because this will give you more btc after all you can trade while you are also mining. That means you can do both. Mining doesn't require you to keep monitoring and watching your devices while it does its thing.
you are lucky that you can get your hands on mining devices because we in our country can't. Well we can actually but devices are a lot expensive than buying it from China or US.
It really depends on the costs that you will face if you wish to join mining. If the electricity costs and rigs are not very expensive in your country the mining business may be profitable with more secure money and predictable market.
I prefer trading, because mining is not easy, you have to do a lot of plannings and take into considerations many factors, such as the specification of the mining machine, the location of the mining machine, electricity fee, cooling problem, etc. Besides, you also need to do a lot of researches to find out which coins are worth mining.
If I have a money, I will do trading. Because I have skill and lucky at trading. And I am weak at mining/do not have extensive knowledge about mining. To be honest, I'm not interested in mining, I'm more productive in trading. So in my opinion, do what you want and what you can. Do not force your will. good luck man!!
If you have free access to electricity or at least access to cheap electricity and a willing partner who can work as an industrial partner to look after your rigs, then you can go with mining. There are 2 factors to consider when setting up even a small mining farm, those are electricity and manpower, you cant look after you mining operations all by yourself.
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 also good if it was before, but now, as Bitcoin, when the Bitcoin stock is nearing completion, digging is becoming more difficult. And with that, you will also spend a lot of money on Mining. I still hope for more deals than Mining.
Of course, trading is much more profitable for now. If this question was asked years ago, probably everyone would have said mining was better. Time has changed and this difficulty has brought in the big amounts of money to mining. If you want to do mining at these days, you really have to be big money so you can have good equipment. Because of this, the trade seems to be much more reasonable than mining. There is no need for huge amounts to enter the trading.
If you have a cheap electricity, money for GPU/CPU miners and a free space to storage those miners then go for mining. You won't ned to care that much about price fluctuations. I'm personally more into trading.
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