Topic: Which is more lucrative between mining and trading bitcoins? (Read 327 times)

Having the options between mining and trading for us to choose which we prefer, honestly if we should consider the one being the most profitable among the two is mining, but can we meet up to it's demands in starting one, the facilities required and the technical aspects of it, if we remember it's all about proof of work and not proof of stake, trading is more of a simpler tasks to do compared to mining but it also has it own little challenges of learning and making profitable trading, the choice is ours to decide on what we want.

Bitcoin mining and trading can both generate profits, to choose one you must be able to distinguish which option is most supportive according to your initial capital, preferences and goals. Each option you choose has its own advantages and disadvantages, Bitcoin trading does not require a lot of capital, as a first step you can start with a small amount while gaining knowledge about trading and perfecting your strategy while you are on this forum. Becoming a Bitcoin trader requires understanding how to read charts, use risk management techniques and make the right choices. If you have mastered it, you can increase the number of your trades as your confidence in trading increases.

Meanwhile, Bitcoin mining can be profitable but requires large capital such as mining equipment and large amounts of electrical energy. Electrical energy costs are an important factor to consider when mining Bitcoin. If you live in an area with high electricity prices, Bitcoin mining may not be for you. Apart from that, you also need to carry out maintenance on mining equipment regularly to ensure the efficiency of your mining system.

Most people state that mining requires quite large capital costs, both equipment and electricity, and indeed requires quite large ongoing costs, but the risk is quite small and the profits will be large if enough rewards are collected at a high bitcoin price, which will be a satisfaction in itself. for miners, meanwhile traders will be able to make more profits if they are good at trading, but the risk is also very big especially if they don't have the knowledge, experience and mentality in trading, so if you look at which of the two is profitable, it depends on your ability to manage beetwen mining and trading.

All have their advantages and disadvantages but if you want to know the one that is more profitable then it is mining but mining is much more stronger than trading. And you have all the equipment to mine then nyoungo for the mining. Mining needs more funds while trading might not.

   In some conditions mining is more profit than just buying Bitcoin because after mining, and a block
is successfully added to a block  chain miners are being rewarded (6.25 btcs) newly minted Bitcoin that can be appreciated in value  In future . Mining is making money more instead of buying Bitcoin and it's being considered one of the most making money because of its high market value and conditions, it also requires a designed and powerful hardware  .

  In trading crypto a less relating to the beginning investment but risky since the crypto values changes strength quickly. Tha gain of mining Bitcoin against trading is based on many factors, such as Energy cost, market conditions, your resources, Efficient equipment e.t.c

The profitability of mining versus trading bitcoins depends on various factors such as market conditions, hardware costs, electricity expenses, and individual expertise . on the other hand, Trading offers a more direct and potentially faster path to profit for those with market acumen . The volatile nature of cryptocurrency prices can present lucrative opportunities for trader, but it also entails higher risks . Historicaly, early bitcoin miners enjoyed substantial rewards due to lower competition and higher block reward.  Ultimately, the choice between mining and trading depends on one's resources, risk tolerance, and understanding of the dynamic cryptocurrency market .

Been a newbie you are  advice to stay away from mining and trading for the first attempt in cryptocurrency industry still you have gathered enough knowledge.

So both trading and mining are welcome when you have good knowledge about cryptocurrency industry and have good capital. In mining you need a huge amount of money to setup the mining sector especially money to buy ASIC which I may say is so expensive for ordinary person to be able to afford.and again i don't think mining bring more profits this days like those days back then.

Trading is not also easy because it involves seriously risks especially when you don't have good knowledge about it you will always lose it all but still think is better than mining to deal with.when someone is patient enough and  required good skills of trading such may be making reasonable profits despite it can be all time.but if I have to advice you I will just say you should buy some amount of Bitcoin and hold for some time for now,and focus on learning trading and when you think you are capable you can start trading.

Are you sure your financial status can mine bitcoin, I'm not sure about that, perhaps maybe trading will help you provide for your family bills. There is no way you can mine bitcoin now without breaking the bank except you mean mining altcoins and that is not a lucrative business as they are not as valuable as the price of bitcoin. I suggest you try trading since you are conversant with Youtube, try paper trading with the tutorials online and see for yourself if trading will favour you in the future or not but I repeat, do paper trading before you indulge in full trading otherwise you risk losing all your money if trading goes south.

Quite rightly miners earn Bitcoins if they are successful in mining a block, but to be constantly successful in doing that you'd have to have enough computation power in order to solve the puzzles faster than other competing miners. Miners put a lot of money into what they do to earn returns, thus it is misleading to look at only their gross income which is the block rewards and transaction fees they get, but you'd have to minus how much they've spent and are still continuously spending, yes they still make enough profit, but not just as some people envision it to be.
Asics do not cost that much, except you want to buy them in hundreds, and that will mean running a really big mining rig (well it depends on the currency you meant).

In my opinion, trading is an option, but not futures or trading with leverage because it's really high risk. This is more to Bitcoin trading in the Spot market. Even though there are still risks, at least we can still hold and not lose assets when the market suddenly drops significantly. We can still wait for it to rise again, especially this is Bitcoin. Maybe the results are not too much, but if done regularly and also intensively, I think it will still be profitable. It depends on how we anticipate it and do the trading.

You haven't even got the funds to Begin mining, let alone to know if it's more profitable than HODLing...
Mining requires a high electricity voltage and it's not not open to any individual anyways. The ASIC is currently used for the process and you shouldn't be told that acquiring machineries would end up in millions.
Meanwhile, you could comfortably buy and HODL BTC and make profits in due time. There are still alot of ways to stack up BTC - all of which you only compared two... You just need to choose which one suits you.

Sandra 🧑‍🦰

I don't know of your country but starting up a mining pool will be expensive that it will take a long time to realize  your profit, so I wouldn't advice  a newbie who is struggling to meet up with life attempt mining  for now and please very careful of cloud mining of any such, possibly stay totally away from them as almost all of them if not all of them end up being scam.
Well as a newbie you can venture into trading and then I've a comfortable life and with the right knowledge about trading as well as applying  those knowledge  with a decent trading capital, one can make $100 and even more a day without  having to bother so hard.
So I would advice you  go for trading rather than mining.

It seems you don't fully understand how mining works. It won't generate many Bitcoins if it's just a simple Mining machine. Earning more Bitcoins from mining is only possible for those with lots of mining machines (perhaps hundreds of mining rigs). and also calculate the cost of electricity and other repair costs, it will be a tough job and requires a lot of capital. Ta[i trade only need to take advantage of price fluctuations, buy at low prices sell at high prices, very simple. If you ask how much you earn, it depends on how you know the science of trading and also how much capital is used. Mining is decentralized but trading can also be decentralized depending on whether you trade on CEX or trade on DEX.

Try to look and search in your local maybe there are silent miners that have been doing that on their basements. You'll never know if someone is there to help you out so, look closely with those local communities that you're close with. There's this sense of help if you've been mining and helping the network through your own asics but it's quite expensive and those that have been doing that are aware of what they're doing. It's not just all about easy profit as people seem to think but it's more than that and maintenance and what not. So, the answer won't be with any of two if it's on me, I'll choose the traditional HODL method.

 First of all, the answer differs from person to person. That means that mining might be a perfect fit for a unique person while trading is the only thing that creates positive results for another one.
 But keep in mind that mining could be even riskier than trading cryptocurrencies.

 To start mining, you need access to specialized computers, technical expertise, and electricity. These require high upfront costs, making setting up a mining rig costly. Bitcoin trading is easier to set up and costs far less than mining.
 Bitcoin trading is easier to set up and costs far less than mining. You can buy and sell Bitcoin with your smartphone, an internet connection, and almost any amount of money. You can also learn how to trade from many free sources online.
 Crypto exchanges allow traders to deposit and trade as little as $10 to $20 worth of cryptocurrency to start trading. Thus, making Bitcoin trading more accessible and easier to start than Bitcoin mining.You can become an effective crypto trader when you understand how to read charts, carry out crypto risk management, and make informed decisions. But you risk losing your investment if you fail to understand these things (which sometimes happens to professionals, as well).

https://learn.tradimo.com/cryptocurrencies/crypto-mining-trading
https://www.investopedia.com/articles/forex/051115/bitcoin-mining-still-profitable.asp

If you are asking about more lucrative between mining and trading bitcoins, I can say both have its own risk and reward, so in means of being lucrative depends on your time frame.  Mining Bitcoins can give you a steady supply of Bitcoin rewards for continuous mining but the start up is quite huge not saying the need for maintenance and electricity charges.  You can rent rigs or buy hashes online but it will take time for you to get your ROI and start profiting.  While trading Bitcoin makes you control when you wanted to sell your holdings, so if profit is seen for a short time after purchase, you can easily get ROI and some profit from selling your Bitcoin holdings.  The difference is that once you invested in trading Bitcoin, you instantly have the grasp of the bitcoin equivalent of your capital, while investing in mining rig will only get you the equipment and will take time to get you the bitcoin equivalent of your capita but it will continue to give your Bitcoin as long as the machine don't break down.

So I can say if you plan to have access to more Bitcoin in a short amount of time, you can just buy bitcoin and start trading.  I believe if you have the talent to trading, this will give you more profit than mining Bitcoin.


Aside from trading and mining Bitcoin, if you have enough knowledge for Bitcoin lecture then you can organize a Bitcoin lecture program and charge for the service.  You can also create or develop Bitcoin related products if you have the skills.  After all profiting from Bitcoin isn't limited to trading and mining.

Of course there is. In my opinion, it will also benefit you if you adopt bitcoin as a means of payment in your real or online business. It's worth a try as long as your country and government have legalized it, but if that doesn't then try another way.

I'm not dealing with trading and mining, that's already been explained by many other users - but something different like staking or something is also profitable. Instead of getting too confused about the best option, I think you're only better off as an investor if you have the good budget. Bitcoin price is still too low so far compared to the previous ATH, so take this opportunity to buy and hold it long term.

The topic of the op, the question is technical. That is which one is profitable? Mining or Trading though I have not mine before but I have involved in trading. And trading there is profit but I still take mining is more profitable that trading. In mining one can make enough bitcoin in a month but I don't think that can be seen in the trading platforms. Mining deals with decentralized system while trading deals with centralized system.

Mining can be lucrative, but it depends on what country you are in because you need to spend money to have good mining equipment to start mining Bitcoin, but if you want it to have more computing power, then more money is needed to achieve it and to pay for the electricity bill unless you have other means to have electricity like a solar panel, whereas in trading, you don't have to spend money to buy equipment, maintenance, or a hardware wallet to store your crypto once you are done trading if you don't want to use a free crypto wallet like Electrum and such since you are already using the crypto when you are trading. When trading, you only need the capital you are willing to risk to make it grow, and that's why trading doesn't cost that much compared to mining.

Hmm as a newbie I will recommend you trading because you can learn it by doing some experiments and spending some time on the market and it requires low difficulty requirements. Although it requires some time to start making profits by choosing the trading you have the following edges.

You just need to learn about the market.
You need a small portfolio to Start.
You can give even your full time to market for more profits.
You have a wider range of options to make money.

Mining seems more complex and requires a lot of resources such as good climatic conditions and cheap electricity and both are rare. A massive capital might cost you to start a good mining setup. Although you can face the following results while choosing to mine

You can earn by joining pools or self-mining.
You need massive capital initially to start (Because you need mining equipment).
You need a good environment for a better working setup (cool place).
You need a regular supply of Internet and Electricity.
You don't need to spend much time in learning.