why i prefer mining and investing in ICO/IEO - page 4.

BartS

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Quote from: tambok on November 11, 2019, 11:49:57 AM

Quote from: sapnu on October 22, 2019, 06:36:02 AM

That is because in investing, you are contributing in a project that is already successful but the decision of making you money big is you but in ICO, you are depending on the project itself if it is going to be successful and if it is successful then it is good for you but if not, you just wasted your time. It is all about taking risks. We are all taking risks here and different styles we are using to earn money. Some are preferring on investing but some wants to mine coins and other people wants only to join ICOs and support a particular project and earn money. It is all about being expert on what you are doing because if you are good in trading why you need to join ICO if you are expert on that. Maybe you can do both but you should manage time and everything.

Aside from that, this is because we do have different mindset, priorities, like and dislikes, for some it is easy for them to set up mining rigs as this is their line of work, for some, they love investing as they love analyzing numbers, market and they do have time to do this and this fit their preference. So, for me there is nothing wrong with it, for as long as we are doing something that our future will thank for whether mining or investing, both has potential to make money.

I also think this is more about preferences than anything else, mining may seem attractive to some if they have low electricity costs, this is not the case where I live and I do not want to worry about the depreciation of my equipment and worry about when to replace it.

And while I do not invest in icos I am a small investor and I prefer many times to do that than to mine coins, but I also understand those that like mining may not like to worry about every single movement of the market and what it could mean like I do.

tambok

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Quote from: sapnu on October 22, 2019, 06:36:02 AM

That is because in investing, you are contributing in a project that is already successful but the decision of making you money big is you but in ICO, you are depending on the project itself if it is going to be successful and if it is successful then it is good for you but if not, you just wasted your time. It is all about taking risks. We are all taking risks here and different styles we are using to earn money. Some are preferring on investing but some wants to mine coins and other people wants only to join ICOs and support a particular project and earn money. It is all about being expert on what you are doing because if you are good in trading why you need to join ICO if you are expert on that. Maybe you can do both but you should manage time and everything.

Aside from that, this is because we do have different mindset, priorities, like and dislikes, for some it is easy for them to set up mining rigs as this is their line of work, for some, they love investing as they love analyzing numbers, market and they do have time to do this and this fit their preference. So, for me there is nothing wrong with it, for as long as we are doing something that our future will thank for whether mining or investing, both has potential to make money.

trauchot

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Mining the top cryptocurrencies is of course very reliable, but unfortunately with the constant dumps that occur in the cryptocurrency market, you have to wait years to sell mined tokens for a good price, but investing in top companies that conduct IEO`s on top exchanges gives a quick and stable profit.

Delilonia1

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Quote from: OasisDre on August 24, 2019, 07:40:07 AM

Reasons why i prefer mining coins than investing a dime on IEO/ICO projects
1. My profits is assured.
I dont have to wait for a project to do x3 or whatsoever to get profits on my invested cash,with better mining rigs and good calculator you will know when your ROI will come.

2. No worries of getting scammed
I dont have to investigate an exchange before investing or wasting time doing research on projects before investing,all i do is mine ETH and sell for fiat or decides to hold for a little while.

It's good that you prefer mining to investing in ICO/IEO... some other people like me just prefer investing in ICO/IEO.

sapnu

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Quote from: OasisDre on August 24, 2019, 07:40:07 AM

Reasons why i prefer mining coins than investing a dime on IEO/ICO projects
1. My profits is assured.
I dont have to wait for a project to do x3 or whatsoever to get profits on my invested cash,with better mining rigs and good calculator you will know when your ROI will come.

2. No worries of getting scammed
I dont have to investigate an exchange before investing or wasting time doing research on projects before investing,all i do is mine ETH and sell for fiat or decides to hold for a little while.

That is because in investing, you are contributing in a project that is already successful but the decision of making you money big is you but in ICO, you are depending on the project itself if it is going to be successful and if it is successful then it is good for you but if not, you just wasted your time. It is all about taking risks. We are all taking risks here and different styles we are using to earn money. Some are preferring on investing but some wants to mine coins and other people wants only to join ICOs and support a particular project and earn money. It is all about being expert on what you are doing because if you are good in trading why you need to join ICO if you are expert on that. Maybe you can do both but you should manage time and everything.

ardentvolcanoes

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Quote from: GrayFullbuster on October 22, 2019, 06:31:16 AM

I will also prefer to build a mining setup than to invest in ico if I have high capital. There are investors that became tich because of mining, there is a opportunity in mining because we can have passive income from it.

That would happened if you are not paying any electrical bills or you have the low cost for electricity in your country. Mining is not friendly to those who resides where electric bills is high, as mining rewards is not that profitable anymore. Though if you are in the long term investment plan and you can keep paying for the cost of your mining while waiting for the value of your coins to pumped high then go and build your rigs.

GrayFullbuster

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I will also prefer to build a mining setup than to invest in ico if I have high capital. There are investors that became tich because of mining, there is a opportunity in mining because we can have passive income from it.

darewaller

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Quote from: andika2018 on October 09, 2019, 05:29:28 AM

Quote from: suryana on October 05, 2019, 11:52:40 PM

Mining requires a large capital because if only with a small capital you are just wasting time, because the rewards you get are too small. I personally also don't like to invest because the current conditions are not very good for investors.

In current market conditions, there is an opportunity to buy and accumulate good coins at low prices. Maybe many investors are afraid that prices will fall deeper, but if we invest for the long term, I think the market will recover for the long term

I have seen some people that says that because of the volatility of cryptocurrency, they will rather just trade coins in a short-term, including the famous bitcoin, and I am not again that, but short term trading comes with its prices too, most people that you have seen have fallen of panic sell are people that has built their mind to have the investment for a short term period.

As a long term investment, you will tie a particular number of year to your investment which will make you not to be worried even when you are seeing all these fluctuations in the market. I think that it still all depend on our choice though, I just think that long term investment gives more peace than a long-term investment and it is easy to make decision than short term.

pidie

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I am very interested as you stated above, that investing in IEO or ICO is profitable for us, especially when IEO or ICO is just starting to be relatively cheap. once the coin is listed on the market, it is likely that the price will soar higher than the ICO / IEO price.

Aying

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I think mining is so expensive, yes you can sure that in mining is less scams and less that you can't gain more profit. but, mining has disadvantage. we already know what is it. but investing on IEO is the best option to do right now. less scam too and you can pick any projects that will become successful in good exchanges. As assured that you dont want to being scam and lost the amount of founds, know the project first.

HabiebRiziq

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Quote from: OasisDre on August 24, 2019, 07:40:07 AM

Reasons why i prefer mining coins than investing a dime on IEO/ICO projects
1. My profits is assured.
I dont have to wait for a project to do x3 or whatsoever to get profits on my invested cash,with better mining rigs and good calculator you will know when your ROI will come.

2. No worries of getting scammed
I dont have to investigate an exchange before investing or wasting time doing research on projects before investing,all i do is mine ETH and sell for fiat or decides to hold for a little while.

It is true that you say that if we do mining we don't need to worry about getting a scam. But I think not everyone can do it because there are several factors that must be owned and some people will also prefer to invest. So I think it all depends on the factors and also the desire of everyone to do mining or investing.

zeze18

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Quote from: Sithara007 on October 07, 2019, 10:53:20 PM

As someone who had done mining in the past, I have to warn you that it is not very easy and the returns are not always assured. I assume that you are taking about altcoin PoW mining. There is too much competition out there and you need to be very careful while choosing a particular coin for mining. This is extremely important, as sometimes the exchange rates can go up or down by as much as 80%.

First you need to calculate the time required to get 100% ROI. On average, for a small scale miner, it takes at least 9 to 12 months to recover all the investment. After that period, most of the revenue will be profit. But it is not always that simple. Sometimes there can be price fluctuations for the cryptocurrency that you are mining, and sometimes the hash rate can go up suddenly causing a sharp decline in the mining output.

Yes you're right, there are many factors that affected crypto mining profits right now.
Many old miners are leaving mining because i think it's not as profitable as it used to be and it takes long time to reach ROI

Vitamin_52

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Quote from: TelolettOm on October 13, 2019, 02:14:43 PM

Don't try minning. if you don't understand about minning devices or computer assembly. This is my personal experience in 2017 which lost nearly $17,000 . Because of my ambition to have a minning tool and this of course made me get a lot of big losses. the reason at that time In early 2018 Bitcoin experienced a substantial decline and VGA devices also experienced a decrease that was so large

I had a lot of miners in 2016-2018, and even if only Asic devices suffered in the fall of the market, video cards were always in price. I sold farms from video cards in 2018 and even if not to consider that they extracted, they left in a small minus.

TelolettOm

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Don't try minning. if you don't understand about minning devices or computer assembly. This is my personal experience in 2017 which lost nearly $17,000 . Because of my ambition to have a minning tool and this of course made me get a lot of big losses. the reason at that time In early 2018 Bitcoin experienced a substantial decline and VGA devices also experienced a decrease that was so large

Mike Mayor

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Quote from: Sithara007 on October 07, 2019, 10:53:20 PM

As someone who had done mining in the past, I have to warn you that it is not very easy and the returns are not always assured. I assume that you are taking about altcoin PoW mining. There is too much competition out there and you need to be very careful while choosing a particular coin for mining. This is extremely important, as sometimes the exchange rates can go up or down by as much as 80%.

First you need to calculate the time required to get 100% ROI. On average, for a small scale miner, it takes at least 9 to 12 months to recover all the investment. After that period, most of the revenue will be profit. But it is not always that simple. Sometimes there can be price fluctuations for the cryptocurrency that you are mining, and sometimes the hash rate can go up suddenly causing a sharp decline in the mining output.

There is also the upkeep. People think you just leave your miner and it goes and goes and goes forever. Power can fail, wired get unplugged. Things get dirty and dusty and need to be cleaned so the miner does not overheat.
Paying for all the electricity it uses sucks especially since the miner costs so much just alone. The risk is that the miner stops working. What will you do then. One miner costs so much and most people have only a handful of miners. Losing one miner is 20%-50% of the profits gone right there, if you can get it repaired every second you wait it will cost you. The difficulty increases too so I think the return is a year or more (a little longer then you predicted) By the time you break even the difficulty is so high you don't get much. You cannot just keep mining forever eventually it costs too much to run and must be shut off.

spadormie

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Quote from: OasisDre on August 24, 2019, 07:40:07 AM

Reasons why i prefer mining coins than investing a dime on IEO/ICO projects
1. My profits is assured.
I dont have to wait for a project to do x3 or whatsoever to get profits on my invested cash,with better mining rigs and good calculator you will know when your ROI will come.

2. No worries of getting scammed
I dont have to investigate an exchange before investing or wasting time doing research on projects before investing,all i do is mine ETH and sell for fiat or decides to hold for a little while.

OP, the title is misleading. It should be Why I prefer mining than investing in ICO/IEO. Anyway, you're actually right but you also needs to consider the risk in mining. What if there could be some problems in your rigs, worst it got broken. And also you need to consider the electricity your setup is consuming.

lolgato1

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Do not risk your cryptocurrencies in a bear market. The possible return is huge so why risk more? Do not invest into cloud mining companies, do not invest into ICOs, it has been proven several times that everything is fraud.
If you want despite investing, then choose a real business with a real product. Wink

TrevorS

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In my opinion, mining should be done only if you have access to cheap electricity, otherwise it will be much more profitable to purchase bitcoin at the right time.
Less risk, less cost, more profit. Investing in IEO is also, at the moment, a rather controversial investment.
I think it would be more profitable to invest in the purchase of exchange tokens that these IEOs carry out.

skarais

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Sounds very good to you, but how can I get a decent mining tool while the money needed is very much. Actually ICO or IEO investment is not to blame, it's just that the people behind the project that issued the ICO and IEO were not good enough. Now IEO has a great opportunity to get ROI, but there are only a few.
Investors, in my opinion, will only take advantage of the opportunities available to make a profit, and that is why most of them continue to use IEO even though it is difficult to get maximum results.

Bitcoin Seller

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Quote from: Rebisco on October 07, 2019, 07:28:54 PM

Quote from: OasisDre on August 24, 2019, 07:40:07 AM

Reasons why i prefer mining coins than investing a dime on IEO/ICO projects
1. My profits is assured.
I dont have to wait for a project to do x3 or whatsoever to get profits on my invested cash,with better mining rigs and good calculator you will know when your ROI will come.

2. No worries of getting scammed
I dont have to investigate an exchange before investing or wasting time doing research on projects before investing,all i do is mine ETH and sell for fiat or decides to hold for a little while.

I chose mining than ICO, I have now mining set in my house and I keep earning from it. ICOs are really tough investment, I tried to invest some of my money in ICO and I only experience loss.

You never know if the money you invest in a project gives you a profit of you can lose everything. From this viewpoint, mining is better, as each time you know: you make a bit (soon after you cover expenses on equipment, surely). However, trading attracts me more as here, if you work hard, the profit can be tens (at least) times higher than with mining, although it is also risky stuff.

Topic: why i prefer mining and investing in ICO/IEO - page 4. (Read 4465 times)