why i prefer mining and investing in ICO/IEO - page 5.

Pen81Agapova

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Quote from: Aldrinx00 on October 09, 2019, 10:10:30 PM

Mining is absolutely a good way to earn crypto if you are in a cool places and the electricity is not expensive. I also like your idea of investing in IEO especially in major exchanges like binance because the profit is guaranteed when your ticket has been chosen.

Binance is of course a mega successful brand in the crypto market. But that was not always the case, and I think that the hype around Binance will not last long.
We need to look for alternative sources of passive income in the crypto market. I'm looking among coins with a POS algorithm. Now I have found a few mrnets and am investing in them. I like the YUSRA coin (website: https://yusra.global and web wallet: http://app.yusra.global). It seems to me that this coin has a greater future. I like the direction the project is developing.

Aldrinx00

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Mining is absolutely a good way to earn crypto if you are in a cool places and the electricity is not expensive. I also like your idea of investing in IEO especially in major exchanges like binance because the profit is guaranteed when your ticket has been chosen.

Jocuserious

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Really mining is a good option but i need more time for study about mining so now i prefer IEO investment in exchange binance. I enjoy it IEO some like bouns with makes profits. Even i am ready now for again participate one project IEO like XCARD if they will be added a popular exchange.

andika2018

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Quote from: suryana on October 05, 2019, 10:52:40 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

Arsenyo

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Well, I prefer investing. Mining is a good option only if you have cheap electricity and easy availability of hardware. In my country it is not profitable due to high cost of electricity. Mining also is much more complicated. So, I will definitely stay with ICO/IEO.

zeze18

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Quote from: meliodas on October 07, 2019, 11:36:04 PM

For me it is not a good idea to do mining cryptocurrencies because it just cost too much for me to build a good passive source of income and it is better for me to just focus in investing in ICO/IEO because they pay a bigger amount of return and it is much better and easier to do compare to buying parts of your mining rig, building, running and maintaining it.

Yes mining is not worth anymore since the price drop from 20k , the block is harder and we hard to get much bitcoin. That's why many old bitcoin miners selling their rig and the price of VGA is not high as bitcoin mining trend

Nany79

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I used to mining using my computer, but this days mining for me is useless, so i trade coins.

meliodas

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For me it is not a good idea to do mining cryptocurrencies because it just cost too much for me to build a good passive source of income and it is better for me to just focus in investing in ICO/IEO because they pay a bigger amount of return and it is much better and easier to do compare to buying parts of your mining rig, building, running and maintaining it.

jcpone

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Quote from: OasisDre on August 24, 2019, 06:40:07 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.

But not all member here can afford to but GPU miner or any Mining rigs. And I don't think its practical to prioritize that just for a people like me here. Its good for you if you get profit, but for the majority especially at this point of time I don't think so. I would rather go for investing in IEO as long as the exchange is listing at the top of the market that be fine I guess, just like kucoin, Idax, Binance and others.

Sithara007

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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.

jets567

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I do have a mining rig and I agree with what OP has said but in my country electricity bills are so high so I decided to stop mining and invest a little on some promising coins that I expect to grow its value overtime, also I join in legit bounty campaign by doing my due diligence so I can earn more while holding my coins.

Rebisco

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Quote from: OasisDre on August 24, 2019, 06:40:07 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.

DevilSlayer

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Quote from: OasisDre on August 24, 2019, 06:40:07 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.

The risks that you will take in mining is very low unlike in ICOs, ICOs are really risky investment and it is better if we will just invest in mining that participate in ICOs. But there are also disadvantage in Mining, in order to start a mining; we should have a high capital.

coinswebid

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Quote from: OasisDre on August 24, 2019, 06:40:07 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.

my question about mining my friend
how if you mining a wrong coins ? you will lose your money and time too right ?
in my opinion trading is better than mining or investing in ICO or IEO my friend Wink

Xxmodded

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Mining have profit although waiting for long time, but depend which one coin have mining, if you mining with bad coin you lost your money because your shit coin do not have price, for IEO and ICO have bad side with price drop lower more than 50% drom ICO or IEO price after active trading in market.

xSkylarx

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Quote from: Impaler on October 07, 2019, 05:54:28 AM

In my case mining is not so profitable. Cause you have to pay a good amount for a mining rig then youbhve to pay for your electricity. And in my place electricity is not so cheap. But who have this facilities is cheap price then it's fine to go for mining.

That's why many people still prefer investing on ICOs and IEOs. It is not easy to build a crypto mining rig and you'll need to consider many things not just the capital. You still need to maintain those rigs weekly or monthly. And you also need to prepare some countermeasures when there is an emergency like a fire.

TrevorS

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Mining used to be my passion. It was thing that brought me to BTT, back in 2014, I got myself an account at mining.bitcoin.cz and could not figure out some things. It was a fun time.
At the end of 2015, I had to sell everything and move to live in another place, my life has completely changed . And now, in 2019, I again want to assemble a farm. Mining is in my vains. hehe

Fredomago

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Quote from: campusnet on October 06, 2019, 08:10:40 AM

Quote from: shaheer001 on October 06, 2019, 06:53:51 AM

I think both are risky as you may lose your investment, mining is difficult too but if you choose good ICO/IEo you can get a good return in short time as soon as the coin/token go live in exchanges.

it's risky but mining is safer I guess. the results obtained depend on how the market price conditions are, if it is good it will be profitable but if it is bad I think I have to hold it in advance.
mining is better for the long term, whereas IEO or ICO is better for the short term. because coins or tokens from new projects sometimes won't last long because there are too many rivals and can't compete in the market.

For long term, mining has the advantage if the miners are willing to hold till the coin that you are holding will have profitable value, unlike with IEO/ICO investment where scam developers are running around the market and waiting for the target crowd to flee with their investment. Both have the risk, it's all about how you will balance your decision and stand with your chosen venue of investment.

mdzahed134

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Quote from: OasisDre on August 24, 2019, 06:40:07 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.

Obviously mining is the best way to earn money. But i considered mining is one kind of investment. Because firstly you have to spend big amount of money to buy mining instrument also electricity cost will be included but it’s one time investment and this is totally risk free income but very lower income source it will be very difficult to afford. ICO/IEO is how much risky and too much profitable investment. So, i think both of the method are very different which one risky or another is safe.

Impaler

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In my case mining is not so profitable. Cause you have to pay a good amount for a mining rig then youbhve to pay for your electricity. And in my place electricity is not so cheap. But who have this facilities is cheap price then it's fine to go for mining.

Topic: why i prefer mining and investing in ICO/IEO - page 5. (Read 4483 times)