Trading or mining? - page 35. | Bitcointalksearch.org

bbcolex

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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.

Some people say mining now is not profitable and would only break even due to high cost of electricity, trading on the other hand is a risky form of investment, for me mining would be fun and safer than trading since you can mine every available coin out there depends on the algo and dif rate , follow what you think would benefit you in the long run;

G2z_Riya

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Mining gives a stable earning with small value change forward or backwards. With trading it is not the same, because we don't know what's gonna happen with the market in the falling days. At present mining isn't that profiting and I suggest trading if you're highly skilled. Also mining requires good capital, if one is good to learn the same amount on mining into trading will get good profiting.

xenxen

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why you dont join to invest with your friend join to invest in his mining and do your job in trading.. but if you pursue your plan to get mining just spend more time to your friend and study what the strategy for here mining.. rigs mining is more expensive...

Yamifoud

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Quote from: iconternal on July 29, 2018, 07:33:13 PM

To do the two things I prefer to trade, because with the trade I do not need to be careful of equipment maintenance and also pay expensive, possible and use as much investment as possible.

Mining really expensive and costly, and it needs big amount of capital to start unlike trading. Trading will give us daily profit without any worries for another expenses but it is riskier than of mining. Of course, people will go to trading compared to mining for such reasons.

iconternal

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To do the two things I prefer to trade, because with the trade I do not need to be careful of equipment maintenance and also pay expensive, possible and use as much investment as possible.

kotajikikox

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I prepeare to choose trading investment than to invest in mining one of my reason i choose trading than mining is because mining nned the big cpaital investment which is don't have big money to invest and second herein my location the electricity is too expensive and sometimes the internet connection are slow.

Kokondao

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if my suggestion is better you do mining though with small scale and also do purchasing of crypto for you make investment, because it is very profitable

josephdd1

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Quote from: strongman8 on July 29, 2018, 05:44:04 PM

I only have first hand experience with trading. it's been up and down but I'm ahead. Everything I have heard about mining has been that its a loosing proposition. I would love to make my money mining over trading if possible. Trading is high stress.

Both take a certain level of skill and dependency and I think while its easier to do trading, mining would be preferred but is less practiced because of the hardware and energy costs.

strongman8

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I only have first hand experience with trading. it's been up and down but I'm ahead. Everything I have heard about mining has been that its a loosing proposition. I would love to make my money mining over trading if possible. Trading is high stress.

electron-coin

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To date, mining requires strong computing power. I think that your home computer will not be enough for you. Mining requires at least one farm for several video cards. So you still have to spend a lot of money to buy equipment. Also it will be necessary to take into account that the farm consumes a lot of electricity.
I have a friend who, only 5 months ago, had only 4 farms, for today he already has 12 farms.
But I think that everyone should choose for himself what is right for him. Active traiding, holding or mining. But what I know for sure, is that if you choose to be engaged in mining, then don't forget to look at the exchanges in order to be aware of the situation. Because another my friend sold his bitcoins from mining for $ 4000 in the autumn of 2017 ... How did he suffer in December 2017 ...

margert

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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.

You can see that bitcoin prices are in the bearish trend in the long term, so at this point you should only invest in short-term bitcoin and should not invest long term.

I learned that to be able to mine a bitcoin costs $ 6,000, so bitcoin mining is not very profitable and takes a lot of time.

So I believe you should only trade bitcoin.

stefany101

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I prefer mining because we can earn cryptocurrencies without doing nothing , unlike in trading that there is a possibilities that we may loss our funds.

bastian466

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between them both have a great risk if it happens to me. I prefer investing to trade, mine must have a super capital is very large better capital is done to trade it can quickly get the benefits

Evil eye

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I also recommend you do trading. Because mining is very expensive and time-consuming. So trading is more profitable than mine. So I think you can start trading by collecting some capital.

juljon18

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You may be able to find some good used equipment and start off that way (low risk). I have been looking at trading for some time and cannot make any sense of it where I would feel comfortable making a living at it. So I would choose mining.

fibrolit

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If I had enough money, but did not have knowledge in crypto-currencies, I would first of all be engaged in training. It would take 2-3 months. Then I would invest a small amount of money in various crypto currencies and try to start trading. Gradually, the experience would come with mistakes, then it would be possible to start investing large sums. And after that, you can also take up mining, but only as an auxiliary way of earning money. It is never necessary to hurry, especially in the field of crypto-currency. First you should study this industry.

hungsanh2512

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Trading or mining are complex, if you do not have technical experience in mining, you can lost money because of investment in machinery, power consumption, time. Trading is simpler, you can learn on the Bitcoin forum, you can invest Coin that you see potential .

Clavulanic

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Quote from: Bdstar on July 28, 2018, 11:40:27 AM

For me, Trading is much easier and comfortable in comparison to mining. I think Mining is a profitable platform but it requires a lot of risks. on the other hand, trading is the most profitable system if you are able to manage properly. So I always prefer to invest money in trading rather than mining.

True. But it still depends on the miner's capability and resources. It is just important to consider that mining has higher risk compared to trading as one should cope up with the latest mining technology and consider the energy consumption to name few.

ghost14k

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Both trading and mining have their own advantage and disadvantages. Mining is good and profitable if you have the required hardware and electricity to set up a standard mining farm. Or you can be mining cheaper altcoins and be good. Trading is more of an investment which does not require much capital like mining to start up. Depending on your capital check the one you can afford and go for it.

jorgelugra

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I think that trading is much more cost-effective compared to mining. I think that the government of many countries have already started investing in mining of coins and this is not surprising as this is profitable

Topic: Trading or mining? - page 35. (Read 4807 times)