Topic: Trading or mining? - page 9. (Read 4807 times)
I don't think that mining may work for today. Difficulties for the best coins are extremely high and electricity may be ever more expensive, trading is a good thing to earn profits any time, on the other hand.
With me the mhuw hard market now the mining is appreciated. However, I am passionate about investing whether the market is difficult
It depends on country maybe. In my country cryptocurrecy is not that widely known. Maybe BTC but not that to much. Trading is very popular maybe for me because Mining here in my country is very difficult to afford of. First, Electric power consumption is very expensive here. Second, Internet connection is very limited and can be aut down if you will not pay exactly while their service was slow though. And lastly, super computer is very expensive here. Trading may be applicable in many ways because of easy circulation.
It also depends on the cryptocurrency which you mine. For example, Ethereum mining does not bring profit now. If you mine Zcash you might earn more and do not lose anything. However, I prefer to trade - the electricity is too expensive.
Yes, you are right we have to check the prices of electricity because we don't know which coin is more profitable. In the current situation of the electricity prices it is not good for mining because we might have to spend more on electricity bills only.
It depends on country maybe. In my country cryptocurrecy is not that widely known. Maybe BTC but not that to much. Trading is very popular maybe for me because Mining here in my country is very difficult to afford of. First, Electric power consumption is very expensive here. Second, Internet connection is very limited and can be aut down if you will not pay exactly while their service was slow though. And lastly, super computer is very expensive here. Trading may be applicable in many ways because of easy circulation.
It also depends on the cryptocurrency which you mine. For example, Ethereum mining does not bring profit now. If you mine Zcash you might earn more and do not lose anything. However, I prefer to trade - the electricity is too expensive.
Looking at the current market situation, I prefer to trade. Doing mining requires a lot of costs, and the current price tends to decrease. By calculating the costs incurred and the results we get. I don't think it's right to do mining at this time. It's better to buy at a time like this, and hold it until the price is fully recovered. Or buy to trade.
All depends on what you meant by trading and holding, in my opinion buying Bitcoin and hold in your wallet or in your exchange account for a period pending when its value appreciate to your and later sell at profit is nothing but trading. And trading crypto currency on the exchange market is also the same thing as buying low then hold for a period of time and sell at profit is also called trading.
Cloud mining not interesting at all. They cheat in commission if you want to do mining you must buy you own materials dedicated to mining. But I think trading cryptocurrencies is much better you can do a lot of profit with it.
The most variant of earn money is to trading and to mining in paralel,of course if you haveuch time
If you're thinking of mining, it's simple you just need to consider your local electricity fee, mining software, etc.
On the other hand, trading is more complicated, you need to learn many things and should master analysis, specially
if you're into shorter-term trades.
On the other hand, trading is more complicated, you need to learn many things and should master analysis, specially
if you're into shorter-term trades.
Mining is not that simple dude
I would say mining has a requirement, at least you are tech savvy person and understands how peripherals work you can do mining
even at ASIC machine that is supposedly a plug and mine thing isn't exempted on this
mining Diff, pools, luck, shares, networks, security/safety, location, money
with a never ending maintenance
now tell me how simple is that
If you're thinking of mining, it's simple you just need to consider your local electricity fee, mining software, etc.
On the other hand, trading is more complicated, you need to learn many things and should master analysis, specially
if you're into shorter-term trades.
On the other hand, trading is more complicated, you need to learn many things and should master analysis, specially
if you're into shorter-term trades.
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.
Bitcoin mining has become extremely unaffordable for individuals and unless you have huge funds to spend on mining rigs and electricity, don't even think about venturing in to it. But at the same time, altcoin mining can be considered, provided you are investing in the right coin.
mining in the current month will be a loss and difficult to return capital. and in my opinion trading is indeed an easy thing and also practical than we do the minning which now also many miners complain about losing
Trading is just ONE of the multiple facets in Wealth Generation Process from this power-house organization. Be one of the TOP network leaders that will change your life and generate funds not only while you're sleeping but everytime your eyes blink, funds are being added to your account.
trading is much better option if you dont have large amount of money to invest in it, because mining requires a lot of investment because small units are not earning as much as we expected before.
I think that mining is having a huge problem when the market is in a bear market in the long run and bitcoin prices are constantly decreasing in recent years. The market will continue to fluctuate and fall dramatically as bitcoin prices continue to decline. So I believe you should only trade the day so you can minimize the risk.
I recommend trading. Because it is very easy and safer than mining. Because for mining you need to learn so many things and you need to buy so many device. It is very costly and if you fail then your money will lost. But if you buy a best coin for long-term trade then you will get big profits without big risk.
It depends on country maybe. In my country cryptocurrecy is not that widely known. Maybe BTC but not that to much. Trading is very popular maybe for me because Mining here in my country is very difficult to afford of. First, Electric power consumption is very expensive here. Second, Internet connection is very limited and can be aut down if you will not pay exactly while their service was slow though. And lastly, super computer is very expensive here. Trading may be applicable in many ways because of easy circulation.
Right now mining can bankrupt you, but if you trade just that much that you can afford to lose, you should be fine! When electric bill come and your coin went down 10x what you can do? Just to take a rope and hang yourself!
Mining in bear market is rarely profitable and trading during bear market is not profitable as well. My take however is to buy high quality coin at ridiculously low price, this will position you for a good trade when the market recovers and become profitable again.
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