Bitcoin Forum

PREVIOUSLY....

Analized my experience in cryptocurrency since 2014 year I made a conclusion that PoW mining is less profitable than just buying coins ever. With several exclusions that just confirmed the rule.
So what is your experience?
Cons and pros of both methods to make money in cryptoworld?

Now I prefer holding coins, PoS mining and other methods without noisy and hot hardware


AND NOW



Weekly reports and OP update soon...

I don't have an experience on Mining but base on this forum most miner says that it isn't profitable nowadays,And I think it is true you would invest for the mining rig and also the electricity and internet bill to mine.
When you could just buy the crypto in the exchange,And it is true PoS crypto is a good one to invest for long term investment just make sure that it isn't going to be like the other shitcoin that would only be good at the start and would be worthless in the end.

Sometimes you can mine a coin that just started, and network difficulty is low, and it is not yet on exchange, I was lucky a few times, but the last time it was a year ago or even more. Most often I mined trash.

I can remember only few pojects that was profitable to mine than buying. And it was only at the very beginning of that projects. They was Zcash(ZEC) in the 1st month after start while the reward increased and Bitcore (BTX) two weeks after listing on Cryptopia
The most popular altcoin - Ethereum was should be bought and hold and nothing else

I can't agree with you
Mining is one of the method of investment  diversification.
Cryptocoin price potentially can fall to zero but the hardware has a residual cost anyway

With the current price,mining is not going to be profitable so buying them with the money which has to be invested on the mining equipments is really a wise decision and you will make good profits once the price go bullish.

I talk that not only at current prices buying coins is better choise. Even during pump of 2017 year buying cryptocurrency had given more profit than buying GPUs/ASICs

I have never mined coins but as for people who mined most of them tell that it is not profitable, but not all. Some of people still do this and even use it like the resource of heating for their houses, but there are not so many people. I do not know about buying coins. It is also  the open question about the profit. It is really harder nowadays to earn very much every month on buying. May be for long term it is good idea, but for short-term not every coin gives high pluses.

Exactly there are very few people who want and generally can do that. They are pure cryptoentusiasts. To make heating system with miners is really hard task. And unfortunatelly it is not economically justified because it is individual system not serial.

It depends on persons preference because not all people do have different mindset when it comes to mining or on how they do invest.
Even myself would much prefer to hold coins rather than on wasting my time or the hassleness on having those miners
operating and theres soo much heat and noise but there are people who do make such thing due to interest.

If you have a set up you can do both mining GPU's you can mine and invest that coins you mine to the other coins you like. In the other hand, mining GPU is noisy and you're right while there are some tokens or coins that offers supernodes which you may try by staking a required amount to be able to join in supernodes staking. Things you need to consider or find another options was still there. For me i don't like to mine not because it is noisy the other fact that it consumes electricity and i have no room for it to place in.

Buying coins and holding them is certainly more profitable than mining. By directly buying coins from Minner, we can make more profits. I also never did PoS mining or anything like that, because that would take a little time. But back again to the need, because everyone has different needs.

I made most money buying coins in 2018 than my friend did at mining. While I was buying coins, I wan much in control and only faced with uncertainty in market stability and I could make a drastic decision to salvage a trade situation unlike my friend who was facing more multiple harsh conditions mining

I also prefer buying coins than mining it, especially if the coin is dipping the cost of the electricity in our region is quite high and I don't want my to push the hardware of my computer, because I intend to use my computer for a longer period of time.

that statement on its own is wrong because it depends on a lot of different factors.
for example your electricity cost is the biggest factor that can affect the profitability. someone with a cheap electricity will make a lot more profit from mining than someone with a higher one.
then it also involves your experience in the altcoin market, because a big part of mining altcoins is about choosing the right one at the right time and being able to dump it before it dumps and move on to another one. if you continue to mine and hold a shitcoin that is done pumping and continues to dump then obviously you lose money!

the risks of PoS coins is a million times more than the risk of PoW coins.

There's indeed cost in running a miner to mine the coin, and it's not even preferable to mine in the bear market, and the pressure to sell it even at a lower price is quite depressing just to cover your expenses, those miners who mine even if the profit is very low are doing it for a hobby.

Situation based on my side, I have free electricity so I'd go for mining rather than buying coins, sad truth I have no money to buy all the equipment needed. If only there are people who want to trust me and send their machines to me, I will mine for them, if there are people interest I will be open for negotiations.

Both mining and trading of altcoin had pros and cons. For mining , you need to start with a huge capital. But for trading, you don't want huge capital. You can start to trade with the minimum of 10$.Mining is a benefit one,if you are starting for long run. You have to pay for the electric bills in mining.So based on your budget, you can choose anyone among them.

Even at the bumps it is better to buy when we are short term investor but investing on the miners is totally waste of time so either buy cryptos or just don't invest on it.'

But when the market is bullish and the price is enough to cover miner expenses then it is kay to invest because it feels like long term investment.

If I were him and I have money to start in crypto, I will learn more about mining and trading. And if I can find that trading will be a potential way for me to make a profit, then I will choose to trade. I know that mining the coin will needed electricity and I need to calculate how much I will pay in monthly.

To start mining, you need to have at least $1000 to buy the equipment and set the places, calculate the electricity fee, how much rewards you can get. All you want to know is available on the internet, and you only need to search with the right keyword. That is what I will do if I want to trade because searching for what we want, we cannot know the answer.

You already know what you need to choose.

Currently, it is economically unprofitable to engage in mining (unless you do not have free electricity and you do not live in a cold climate). I also switched to PoS. Or just buy coins of interest to me.

Maybe the best solution for you is to stake cryptocurrencies. For example NEO, Ontology or VeChain give you some coins if you stake them. So it is a good combination how to invest and mine in same way.

Mining up to last year was profitable. But, after the last price fall, nobody can make profit with mining.
But trade depends on skill. If you have the skills, the situation does not make any difference.

just as I was mining the coin in 2017 is a waste in my opinion because what I get is only coins which in my opinion are useless and worthless as if I had to be more careful in mining this year it might be difficult to find coins I think it's good this year even if I get it, maybe it's luck for me.

i only a few knowledge about mining but base on what i on discussions, most of the miners is targeting new coins that has a strong team with a big community support because it has big chance to grow its price in the future while mining well-known coins in the market needs a big capital to set-up a good mining rig. it would be easier to just buy the coin directly on exchange and store it on a safe wallet that you owned the private key.

I would no be so sure. For me mining is still profitable, I already paid back my hardware cost and got some profit. And my electricity is not free.
But if I bought coins instead of buying GPUs I could made much more profit

Although I don't have a mining experience, there are a few small details that I would like to point out. First of all, it would be a more sensible option for small investors to buy coins only because the small investor's budget would not be enough for easy mining equipment. On the other hand, there is a strong capital needed to generate significant revenue in the mining process, which prevents many investors from entering this area. Even though I think it would be fair to examine two options with equal budget, I think the mining process is more difficult when we compare the details. As a result, most of the market is composed of small investors.

cryptocurrency price conditions are currently being affected by the fall in bitcoin prices and weakening bitcoin demand, when demand in the market has started to increase and the price of bitcoin is starting to recover, the price of all cryptocurrency will also be expensive, if you buy tokens I suggest you be careful because tokens have a very high level of risk.

Buying seems to be more profitable than mining for me because I compare earnings with friends and see I am better off. Currently, I now take some of my friends in trading classes since they now run at loss on mining

Money is best kept in several boxes. Sometimes the profit is more from mining, and sometimes vice versa is less. Do not stop at one way!

Some cryptocurrents are no longer beneficial for mining. If you do not have huge farms with free energy. Even Ethereum is getting harder with each fork.

But could you tell just two examples of coins that were more profitable to mine than to buy?
And boxes should not be too much because in that case they will be small boxes

Mining is expensive to handle and I have always had that in mind
Unless you have a huge capital; mining is really not for you

How about trying to invest in altcoins ??
Short term or long term trading will be smart

Dyor.

Mining is not only expensive but also requires special knowlidge in IT sphere.
It can be good hobby. Making cases, constructing cooling system etc. But it's not the profitest way of making money.
Home mining goes to the past. Now mining becomes an industry

I prefer to buy altcoin than mining of altcoin because you have to learn  mining, it takes time to mining and it requires more  money before you can start mining. But I believe the stress in buying is less compare to that of mining.

I wish I bought some coins instead of buying mining rig. Since I have a kid, I feel that mining at the home is not safe at all.

I'm not really used of mining, but I think that buying coins will be better. At least now the extraction of coins is no longer profitable, you need to have a lot of money to buy good equipment, as well as a lot of time to pay off.

Your conclusion is plausible, mining coins with PoW is not too profitable for now.
This is because the market in bearish, makes most coins value not to worth to be mined.
Many miners won't be able to cover the electricity fee due the cheap coin price.

If you have to money and if you wanted to mine altcoins, do it. But I think that it needs for you to have a lot of money in order for you to mine this. Because you need some rigs and some other component for you to mine alts. The risk you needed to consider are the electric bill you needed to comply, and what if your setup breaks.

If you can risk a lot, why not do both?

Agree with you. Mining is troublesome business, always needs to monitor your rigs. And profits is not so big. As for me much more better way to invest in crypto in middle-long term.

I prefer to buy coins than to mine, this is because my electricity cost is not low and I can’t break even. Another reason is because it is more straight forward to buy rather than mining for a period of time.

Glad to hear that you came to an conclusion after 5 years in the market that mining is not an profitable business if you are not having the bank roll to invest heavily in the hardware and other expenses  :P. Unless you have a big pocket and the determination and vision on how to tackle the ever changing and competitive mining industry it is better to invest directly in the coin, less headache and reap the profit according to the market situation.

I dont think of every altcoins is really have to be bought or to mined since all of them are not worth to be taked.

consider electricity cost, investment in hardware and internet networks. I would prefer to buy coins, I think that's a very suitable decision for investment in a short time. mining now is not as profitable as it used to be, because the value I get is not enough to cover operational and maintenance costs for now.

I will choose to buy, because last year i bought mining equipment and is not worth to mine, because i lose money  because electricity price is too high, and not worth mining anymore. Maybe worth mining only if you can buy solar panel and produce own electricity, but also on this case will take a lot of time to recover investments if the price not grow.

PoW mining is really a costly way to get new coins, and if the cost is lower than the electricity bill, then it’s better for the money you spend on electricity to buy coins and store them. I also prefer PoS mining and when I have money I try to increase the volume of coins that are stored in my wallet.

I wanted to mine coins, but after I have calculated everything, it was easier to buy them and to wait for the price increase, because mining is unprofitable or brings you 0 percent. When we will see better prices, I will switch to mining, but right now it is better to buy them.

I prefer buying and holding tokens, it's not that it's complicated because of lack of time maintaining a mining rig, you have to keep your mining rig full attention in case there is a power failure or to check if the coin continues  to mine, not for a busy like me.

It is a good resource for mining especially if the market is high but today it is very difficult to mining especially the market is down so it's a huge loss especially when it comes to mining the altcoins in the last year's market as the market does not break down and high bitcoin so it's not affected but right now because the bitcoin's price has fallen by no mining users and they are waiting for the market and bitcoin to start mining again but many emerging mining projects do not have the market situation but the distribution the token is locked first so the price is not particularly falling in dumpers bounty hunters.

I kinda agree with that, i also prefer holding coins and PoS mining and masternodes than real mining rig using hardware etc. For me who are lazy and don't want to maintenance things like that, i hate that thing. Also with real hardware, you need to calculate first to get a maximum profit.

If you have cheap electricity and already have the necessary equipment, then you can engage in mining and receive new coins, but now PoW mining brings very little profit and I do not consider it expedient. Perhaps you need to wait until the prices of most coins start to rise and PoW mining will become more profitable than it is now.

In my opinion, I would rather spend money for equipment than just buying coins waiting for it to grow. Even though the market is not as large as it was before, there are still a lot of options for you to mine. Just try to find the one which is profitable in the sense that it's not that hard to mine. There a lot of information on whattomine.com for infos and tips what crypto currency to mine. Try looking to Azart it's a mine able  coin and it's already listed on couple of exchanges and can be seen on coinmarketcap

Mining is really hard because you can possible to lose your capital if you do not know of what you are doing. It depends to you where are you feeling comfortable to do.  Because other people must prepared to mine altcoins because they have lot's of knowledge but other people really do not how to mine so they will be able for them to buy only a coins and not mine and also I do that.

there are may altcoins nowadays and not any altcoins have potential for us to use our money in mining that altcoin because mining is not cheap, we need Pc hardwares and electric to run a mining farm, if the token we have mine bring us low profit or no profit at all, then we should not mine, rightnow, bitcoin and ethereum is one of the most popular crypto can be mined and still bring us profit, and with other altcoins we should buy.

Solar planes is too expensive. The investment to that eneregy source will increase payback time dramatically. And It is too few sunny days in my place. But I've enough cheap electricity about 0.05-0.06$ per kWh.
And now I really have to mine coins. Exactly have to. Because I already have mining hardware and can't sell it. Recently I tried to sell some GPUs and it's really hard to do that. The market of used GPUs is supersaturated.
So I have only two ways: to sell my GPUs very cheap or to continue mining and wait price growth

In my part, I would prefer to buy altcoin than mining.  Had tried mining, though it is somehow profitable, buying and trading altcoins do too plus less maintenance, room heat, and noise. It also saves us from the trouble of building or setting up rigs for mining.

Setting up and maintaining mining rigs is not fast and easy process. For maintaining you need special tools like air compressor to remove dust from radiators also you need respirator to protect your own respiratory system.
Most of beginners in mining don't think about it.

it is easier to buy altcoins than mining, because mining is expensive we will have to take about the energy and PC hardwares price and will cost us a huge money before having profit from mining and the token we mine can not guarantee we will have profit in the future, so i think anyone dont have much money should buy Alrcoins.

To mine will give you something to maintain.
Also, you need to consider the expenses! how much you will spend for the unit, you need to keep it cool so you need some air for it.
Is the power cost on your country cheap or not? If this will not be good for you then just use the money to buy and trade in the market.

In this present market situation it is good to buy, because what you spend on setting up a miner is big. With the same amount you can make a big investment on different altcoins creating a strong portfolio. This will give a big growth on the investment based on the analysis you made on selecting the appropriate altcoin for investing.

Of course mining is less profitable than trading, because all cryptocurrencies are in the bear market.
Logically, if mining not profitable anymore, many miners will stop mining and the difficulty will decreasing, so we can mining with higher rate of incomes,
but even it is not too profitable, miners keep mining coins and and the difficulty is not decreasing too significant.
So, i agree that buying coins and trading will be more profitable if you gain.

The market really need more miners now and I will implore that we don’t discourage people that would want to mine if they have the money and they can afford to wait for a very long time to reap the fruit of their mining.

Because, I don’t think mining is really profitable in this bear market as I have read online several times where some miners are quitting mining due to loss they are having in this bear market as a result of the high cost of operating it now without any or much profit. The best time to go into the mining business is when the market is bullish; otherwise, we just keep buying coins and keep it for now.

I think it is better to buy them it is much more easier if you just want to hold some of them,
But if you want to earn consistent crypto then invest in a mining hardware but it would really cost too much .
You would need to maintenance it to make sure that it is working properly and make sure that it is in a good condition .
But if you are into PoS then you don't have to do anything if I am right you could get some more if you just hold it for a period of time.

best option will be to buy than to mine especially when you don't already have the hardware equipment to start mining and you are thinking of purchasing one for the purpose of mining alts, this will require more capital which will be more than enough to pick up some good alts that will most likely do well in the long run.

First of all, it would cost a lot of money for anyone to be able to buy and maintain a cryptocurrency miner, so I believe this question is for the whales in the space, because an average person might not be able to afford a miner and I think buying is the best option for that person.

Buying is more easier than setting up miners because buying can be done with any amount of money but miners not huge capital to get good returns.

I agree, profitable now pos mining, there are no large energy costs.
But there are some nuances:
- you need to keep your wallet online 24 hours a day
- amount on the balance of at least 1000 coins, and if the masternode is more.
- not cheap equipment. Raspberry is not suitable since there little RAM, necessary suitable pc, laptop or intel nuc

Just what appears to attempt to mining consolidated projects ends up causing this disillusionment with PoW, but have you ever thought of speculative mining? If you have interesting mining capacity and a nice cost of electricity so you can practice it, you'll probably do great deals if you're clever. I did a speculative mining with Bridgecoin in 2017 and the result was insane. I had problems with other coins too. :D

Yes, I do not think that mining is profitable today, large projects continue to do this because 5% is a profit and no one will stop but small farms have already died. Or you are a giant or do not mine.

 ;D And if I'm wrong, then where is your profit brother  ???  ;)

Altcoins are now so cheap that mining doesn´t make any profit and mining them now and selling late for a profit is not better than buying them now and selling them later. Because think about the costs: expensive hardware, electricity fees and time. Rather by some coins now and forget about them, come back later and enjoy your profit.  :D

Mine or buy, actually if i can mine i will choose mine, the reason is simple because we earn coin every time, every day, yes less but always. Diffrent if buy, we can easy earn so many coin but after we sell it all gone, sometime we want sell high than buy back with low price but the price keep grow and we lost it.

Its on a personal basis. It relies on the investor to decipher whether to mine or buy. In my opinion, altcoins prices are low on the market now so it's not a good idea to mine at this time. Instead buy these altcoins and hold them for profits later.

Well, now I would like to start an experiment: What will be better from the current moment: buy a mining hardware or buy cryptocurrency.
In real I will not buy mining hardware because I already have it.
So I ask to estimate my mining farm in usd:
The config looks as follows:
GPUs: 8xGTX1070, Tri-slot Palit SJS
MoBo: Asus Prime z270a
CPU: Pentium G4400
RAM: 8Gb DDR4 Kingston
Hard Drive: SSD 120Gb Kingston
Case: myself-made 8GPU case
7 USB Risers, 18 fans 120mm Delta AFB1212ME
PSU: 1600W SuperFlower Leadex Gold

Lets imagine that I bought that hardware now at current corresponding prices.
The same amount of funds I will invest in altcoins
And after year of earlier or later it will be possible to estimate what the way is the best.
I think weekly or monthly reports will be enough

I would like to know your opinion)

Mining comes with alot of stress like cost of electricity, cost of mining equipment. The desired profit might not be much. I prefer ro safe myself the stress and just buy the tokens at a low price and hold till when price improves

I forgot to specify my electricity cost. It's relatively low about 0.05 USD per kWh



Few month ago I sold several of my GPUs and other GPU-rig equipment. And it was harder than it looks. The price was enough lower than I expected.
Even when I sold unpacked unused PSUs and I had to reduce my offer more than 30% of market price to find a buyer.
So I think it's another myth that mining hardware has enough residual cost especially at downtrend and flat market.

I would say I would just buy since mining requires energy, equipment and maintenance and you would likely recover from your investment after a few months and you're immune to the price dump at that time which you can be on debt by creating or making a rig rather than buying you can instantly earn in a few minutes or days and if you're likely to lose it's not that big rather than mining wherein you still paying electricity even the market is at bear since you need to run your mining equipment.

I have not a good experience in mining i prefer to buy and hold coins, Mining is also good if you have cheap electricity and good machine for mining.

Same for me ,I built my mining rigs in 2017 and after lastbullrun its not profitable to mine so I switched to buying coins and using POS instead ,no more heats and noise

When it comes to mining it's a bit expensive in my country based on the electricity costs. They are a lot of coin which you can mine, depending on the system configuration. I perfer holding and staking my coin.

I also think that mining does not bring as much profit as trading, and, sometimes, holding cryptocurrencies. You will spend on the hardware much more than you earn on this process.

i believe by now it is no longer convenient to mine anything but we have to buy those altcoins that somehow give dividends for their possession (neo, xpundi, mnx)...

I've estimated my config. It's very probable that now I can buy this config for about 2000 $ equivalent at my countryplace.
So the same amount I will invest to cryptocurrencies. But not now. I think current situation with Bitcoin price shows that the correction will occur soon. So before buying alts or BTC I will wait about 2 weeks till the price consolidation.
Also I will think about hardware price ammortization and other maintance costs of mining process and report system of my experiment.
If anyone has suggestions feel free to discuss them

Well altcoin it is OK to mining same like Bitcoin.
This is not about what coin will you mine but how price will you get for a month.
If you have a miner mechine that fine to mining altcoin.

While waiting of BTX price consolidation I estimated my mining costs.
My rig is about 1-1.1 kW power from outlet. For simplify lets consider 1 kW. At 0.05 cents per kWh the rig consumes 0.05 * 24 = 1.2 USD
Also it should calculate hardware ammortization. I think in 3 years the harware will lost 75% of it's current price. Also for simplifying lets consider linear price reduction.
So it will be as follows:
2000 USD * 75% = 1500 USD then
1500 USD / (3 years = 3*365 days = 1095) ≈ 1.37 USD

Total costs for the mining will be: -1.57 USD

At current mining profitablitiy for the config of 5-5.5 USD per day the pure profit is 3.5-4 USD (not so great but also not so bad)

P.S. in nest several days I will prepare pre-analytics for both mining and holding (plots, tables, etc)

Asides the popular coins, I would prefer mining a new coin with relatively low difficulty.. A friend mines veil and as well staking too. You all need to set up the wallet, leave it open and hold the 13,000 units of the coins in your wallet to PoS mine it. Its listed on coingecko.. Check it for current rate

I think that you always need to adjust to the market.  Now is such a moment that it is better to still buy and hold altcoins.  Since the growth of the market will be 100%.

If you think that the price of coin mining will increase. I think it would make more sense to buy rather than wait long.

I agree with you.  Now it is more profitable to buy altcoins than mine.  Because firstly, you do not need to pay for equipment and electricity, and secondly, it is much easier and growth will not matter.

And not all altcoin can be mined. Maybe if we buy, we can pick either POW or POS coin or maybe Tokens. And we can take profit any price that we want because we know what price we bought and don't need to calculate anything that needed in mining activity.

I don't mine but I'm still reaching for that goal to have my own small mining farm in my place. I'm saving to buy more GPU's soon, when I'm asking for suggestions for those miners on social media some are disappointing other asipiring miners and tells the same. What they tell, it's better to buy and hold coins than to mine it because it's more profitable as they've said too. Nothing against with that but for me, do what make you feel comfortable and considere both of it, try and test it on what's more effective.

altcoins are not valuable than Bitcoin so if you want to mine them then the previous investment is really so buying it will be the right idea to get the profit if it was going successful this is my opinion.

I have personally tried it out and discovered it’s nothig that really worth’s it. The stress is too much and the pay is small! So it’s better to buy the coins and keep for long than mining it!

My friend and me both are in different way of mining he is having mining rig installed in his home he is getting electricity bill which is around the price of coin he was mining at the time of bearish market . At the same time I invested in pos mining coin like neo , devidend paying coins like dropil , sxdt , kcs , Coss these coins are givimgbsome return without any effort till a date once market bull run happens for sure I will get some good return . Atleast I am having only initial investment.

I prefer POS solutions over mining as mining depends on difficulty and the token price , electricity cost etc.
plus mining hardware is always improving and it is more and more difficult to have profitable mining.

Mining can be very profitable if you have free electricity or choose right coin (new coin still low diff and good project) but it's hard to find. So yes probably POS mining some top coin is more profitable (instead just hold it which give u nothing)

It was going to be hard if at this moment you are still going to plan to mine cryptocurrency especially on the place like in the southeast asian countries where electricity is too high to be affordable for mining, what is better is to invest on the cryptocurrency itself and to have the understanding of what to invest when, and why.

I have a mining experience in 2012-2013 and I think hodl strategy is more convenient and ease for a regular user. You just buy and hodl. And in mining need always to keep rigs live, make tuning and prophylactics, pay for expensive electricity, etc. It takes much time.

Definitely, I agree with you, because the complexity of mining has increased many times in that year. In my opinion, it is better to choose several altcoins and just invest in them on a long-term basis and believe you will get much more profit than with mining because in order to make good money on mining need to invest well in equipment.

I think any will do and it all depends on the individual, so the choice is your. I think it will be better if mine those you could easily mine and buy those you cannot mine.

It is currently unprofitable to engage in mining. It is better to choose promising coins and invest in them. Maybe in a short time the situation will change and it will be good to mining, but not today.

I think as crypto currency players who are increasingly experienced, we can become wiser and more professional in playing with crypto currencies. We can weigh whether mining costs are in accordance with the results issued. Not only mining costs but we also have to measure the energy that we spend. If indeed we still benefit, we can do mining. But if the mining capital costs do not match the results we get, then we should just buy it. The process of buying in my opinion is easier. Other than that there is no physical impact afterwards. But everyone has different thoughts.

If you consider individuals who mine cryptocurrencies the greater part of them tell that it isn't beneficial, however not all.
Some of individuals still do this and even use it like the asset of warming for their homes, yet there are not all that numerous individuals. I don't think about purchasing coins. It is likewise the open inquiry concerning the benefit. It is extremely harder these days to acquire especially consistently on purchasing.
Buying coins off the market and holding is still the smartest option in my opinion.

If you have a very good mining rig then please by all means dont let it go to waste but if what you have can bearly afford it i will suggest you set your pc aside for mining and just go into trading man

PoS is a good option if you don't want to deal with mining equipments and heavy working hardwares.
I personally prefer to staking coin or running masternode than mining coin because it can save your time without setting the mining rigs.

I definitely buy Altcoins now. Most of the coins fell in price by 50% in relation to Bitcoin and now is a very good price, you need not to miss the opportunity to buy Altcoins.

It's good for now but you might struggle to choose the best coins in the future. Sometimes, mining give more certainty about income while trading is more risky and full of uncertainty. So, it depends on personal ability to manage everything.

I don't have experience for mining, so I would like do buy coin in ICO etc if we invest in good coin we can get mo profit, or do some bounty campaign for altcoin.

I personally mine more than I buy. but I didn't buy an altcoin, which in my opinion has good potential in the future. so mining is good but buying is also good when there are profitable opportunities.

Honestly mining is really not that worth it sometimes, if you consider the money to set up these mining and even maintain the mining operation, I would rather use it to invest in promising coins even if they are smaller in value, I have seen a situation whereby someone invested just $50 and got about $600k back in return, what more does one need to have again.

So rather than facing all the stress in mining with the noise the machines produced coupled with the so much expensive electricity bill depending on the country it is being situated, I think it doesn’t pay that much for me.

My experience tells me that the best way to make money on cryptocurrencies is passive hold. There is nothing easier, you just buy cryptocurrency on the bear market and wait for its price to reach its maximum. Another profitable way is to launch a masternode of a little-known cryptocurrency with huge prospects, but such projects require very careful analysis.

Actually, there's another option. Besides, PoW wants a lot of quality CPU and GPU. So it comes to me as an old-fashioned system. You can choose PoS instead. There are projects where you can earn plenty of money just by leaving your wallet open. I prefer this one now, Veil.

I don’t also see anything that special in mining mate, I think mining Is just being over exaggerated, just like the way they usually blow pre ico out of proportion and many people rush to buy it, and then you realize that you will still get the price far cheaper in post ico.

I think we should just buy and hold some of these coins, although someone has to mine, because if they don’t mine, how can we get supply, so everyone cannot just be a buyer, but for those who would want to buy, I think it is far more profitable to buy some of these coins than hold considering the cost of even setting up the mining farm.

Mining can be profitable as well, but it is not meant for everyone. The complexity, cost intensive and sophisticated equipment, not just anybody can handle it. Even the so call cpu mining for me is too much. While not just stick with buying, selling, holding, airdrop, bounty etc, which are quite easy to maneuver and earn as long as some key principles are adhered to. I go with anything apart from mining in this space to make profit.

Mining can be profitable in cryptocurrency but its not meant for everyone. If you want a long term investment then I suggest the buying.

Mining can be worthwhile if a project has a strong development team, represents long term viability, and has adequate profitability and liquidity, but if it's not generating a decent ROI then its far better to invest, especially when any alternative asset is under its average mining costs and then wait until the market uptrend results in its appreciation

It's a complicated thing that you can't choose the option without experiments. In my case, I prefer PoW mining, because it doesn't require me putting more money in anything new if I have mining equipment. Also, most PoW coin holds its price uptrend for a long time. On the other hand, PoS mining requires to buy coins at their new arrival, obviously, they fall faster than I could imagine. Users dump them to get the ROI. I hate this game, so PoW is the winner.

Both are beneficial when you keep it long term. Exploiting need large capital to invest in machinery, so choose potential and great value coins. I only recommend. When the coin price is reasonable or has made a profit, sell it

Today? It's buying or trading. I think mining is really expensive today from the mining equipment you're about to use, the electricity you're going to consume to run your hardware, rigs on where you're going to put your equipment, maintenance of it and you need to wait for a long time to recover your investment rather than trading or buying in a matter of time you might have a profit on your pocket but you may lost a little too in just a matter of time.

Well the summer begins and I begin my experiment.


The inintial conditions are as follows:

• 2000$ is spent for mining equipment
• 2000$ is spent for buying coins

Now I put my rig to Nicehash
Mining profitability is calculated as I posted earlier:


My coins portfolio looks as follows:
https://i.imgur.com/tM7sXsW.jpg

I used coinmarketcap data for BTC\USD price calculation
My BTC I've put for 4.08% Annual interest at freebitco.in resource to get additional satoshis)

P.S. The results of next week I will post at Sat\Sun

P.P.S. Further I will update the OP of the thread and create plots to make this challenge info more usable

In my view, everyone has different ways and mindsets, but basically everyone is looking for profit. If you want to get a big profit, I think the capital you have to have must be big,
example:
- Mining (the greater the capital to build a mining rig, the greater the profit that will be obtained, with a note that a miner has experience in their field)
- Investment by buying tokens that have good prospects, The more capital we have, the more tokens we can have and if we sell at a good price. The more results obtained.

However, if we buy tokens the process will be easier than having to build a mining rig,
(this is my opinion :))

You can still earn big with or without big capital but as long you know what you are doing  . You know the coins that you are going to invest and you are in control of situation whenever there is a crisis in the crypto market .

Big capital is not enough . You must also inspect your sorroundings like for example if your electric bills is cheap or you have a large space and good temperature at your area  because this will have an impact on your mining business   

Mining is no more cost-effective if you don't enough equipment for this purpose. Using capital power and compound interest making a profit with altcoin trading is easier if you know what you are doing. Arbitrage trading bots are lucrative if you can adjust the right settings for each exchange.

Buying it would be simple, and you are doing it with a good timing now is the market of the altcoins is not yet fully bullish, you can still buy at a cheap price.

Buying and build miner equipment need money at first and i think both are profitable. If we want to mining PoW altcoin, i think its depend on electricity cost and altcoin price. But for mining, i think its better to mine bitcoin because its main cryptocurrency in market

mining bitcoin has certainity about its price in future.maybe at this time we could not earn profits, but i am sure when bitcoin halving happen everything changed.our loss in mining could be profits when bitcoin price reach $100k.

I guess mining with mining rig will need more time to get the ROI (Return of investment) due the market price.
In 2017, mining was profitable because the price of crypto was very high.
In other hand, mining coin with staking method is a good option to gain ROI. But there are many scam PoS & MN coins so we need to careful.

The same can be said about buying and holding in 2017.
Now I will analize current situation and will make a descision at first for myself what investment model is better. Maybe some combination of mining and holding will be optimal

I have also asked myself this. If you interested in a currency you can just buy it. THough I found myself mining some new currencies and may not have bought them if I was not mining since I didn't have to do anything to mine and I was getting some work out of my rig. In cases like this, it is best to mine. Any opportunity you get to mine you should take. It could also pay off. YOu say but why not just buy more coins? Well sometimes you should. I think when you mine you feel more like you investing for free (the cost of electricity) then investing money into it. At least that is how it was for me.

For some people mining is still not profitable because of the price of electricity and they can't make a profit and have to pay from own pocket. uralcryptocoin where you are (Europe, Asia, USA, Africa) ? I ask because of the electricity price. Good luck further, i wish all the best.

My electricity price is about 0.05$ kWh now. It's test\experimental rig. Unfortunatelly I can't run more rigs at this price.
But if I place my rig to datacenter my operating costs will be calculated from electricity price of 0.12$ per kWh

Also other charges should take into account: hardware amortization (the total cost of the equipment decrease in time), time for maintenance time and unplanned downtime

I think that now it is more affordable and more convenient to buy because mining is very difficult. At the moment, because of expensive Electricity and equipment, you can always buy and sell it.

I think that few people are engaged in mining now.  And if you are busy with large sizes, no one uses it nowadays to trade and get very good profits and not bother with equipment and farms.

I think the answer is obvious.If in the place where you live electricity is cheap,then mining is profitable.But also it will not be superfluous to buy altcoins.A diversified portfolio is the key to a successful future.

From my point of view, much depends on particular mining equipment and the market we are talking about. Cause costs on electricity differ from country to country, for example

This is absolutely true and I fully agree with you in here. And talking about the equipment, are there many advanced solutions these days? Let's say, we are talking about the US market

Well, I am not a huge expert, however aware of 1 advanced company that operated in the US. I believe you must have heard of it. Called Asicequipment. And they are widely discussed these days

Hmm, sounds pretty familiar, but cannot remember for sure. Can you tell me more about the products they are having, about the experience etc.

Well, the guys are rather popular in the US as they used to mine on their own for a pretty long time, having own farm in California and now selling pretty advanced devices. Shipping all over the US, having HQ and own service centers in New York, having special discounts. So the company looks pretty bold, from my point of view. And they are having discounts from 10 pieces, if I am not mistaken. But better to clarify with a personal manager. As for products, I recommend you to visit their website asicequipment. com for more :)

Sounds attractive so far, will explore more on my own and get back with own thoughts. Thanks a lot for recommendation

Mining sounds like a long term investment to me where you will take a long time before you are able to make returns. But trading can give you short term profit, if the coin rises higher than the amount you bought it.

Mining is no longer as profitable as it used to be, but you can invest in altcoins like Ethereum, litecoin, EOS, NEO, ADA, XLM, XRP and some others. These are solid projects which can last the test of time.

As you know mining is profitable at this time because BTC price is more than $8200 and buy can also be profitable if you choose good coin for long term investment.

Compare several months ago, its true that this time is more profitable to mining bitcoin. But it depend on electricity cost but most miner device right now very cheap and i think for long term, better mining altcoin like RVN, or BITC

Mining is not profitable now as it used to be. Buying is the best option now especially this time the market is unstable. You can buy and hold them for sometime until the market recovers before selling.

I've experience both and I can boldly say buying is the easier way out and more profitable too,all you have to do is wait for the best time to buy e.g market price dips and you will get more tokens in your portfolio

I'd rather buy ,I used to have mining rigs and they are now gathering dusts in the basement ,not profitable anymore and its total waste of electricity ,buying is the only present best option for now at least

In crypto space its been always weather seasons ,there are and will be time when mining will be profitable again,we've seen like this in the past and many are going out to build mining rigs but buying is what you can do anytime if you have the cash to buying is just better and easy too

as return shows with limit on numbers to draws of relative with average results on terms of work parties might define of one on decision to follows with plan on longer terms of completion.

I still want to build mining rigs because its part of my dream to have a big mining farm ,mining crypto might not be profitable for now but in the future it might still be profitable so I will keep investing and mining ,I thinks this is the best path

Now you can start mining cryptocurrency, but only for the long term, for myself, I chose to buy cryptocurrency, it is much easier than to constantly monitor the mining farm!

Mining is becoming profitable again now, but I think it's still much more profitable to buy and expect growth from the altcoins.

Mining is expensive at the same time stressful so even the profit from it is not really a mouthwatering one but in the case of buying coins, we have seen some coins that have increased up to 500 percent over the years. For me, I prefer buying coins to mining

I think that it is much more profitable and more likely that you will make a profit from the purchase than from mining because mine is known to be very expensive but the fact that you make a profit is very small

I regret that in 2017 I decided to do mining, it was necessary to just buy altcoins with this money, although I would not have received so many different experiences, and perhaps because of inexperience I lost everything.

Mining is becoming profitable again now, but I have always traded and bought various coins and will continue to do so

I also support the trade because I consider it to be a more profitable way of making money, and since mining was already very old for me, it was very popular.  But now everyone understood that it is expensive and stupid because you can earn much easier.

It depends where you live. When you live in Venezuela you do not have money for buying, but you have cheap electricity so you can mine cheaper than rest of the world and get nice profit.  :)
But interesting idea of creating the comparison!

I do not know about Venezuela electricity cost and stability.
But for me now electricity is about 0.05 USD\kWh so I didn't stop my mining machine even in Dec'2018. But operating costs at that time (including amortization) was more than 80% of mining profit.
Now it is about 30-40% of the profit (For comparision in 2017 crypto peaks it was less than 10%)

We can make profits from trading in exchangers. But also I don't have a tool or device to mine coins, so I think the choice is to buy it on an exchanger. Mining with the price of bitcoin today must be profitable but the initial investment is too big for me and buying with the ability of my money on an exchanger is a reasonable choice.

If you are in the crypto mining space fro 2014, you should be a multi millionare by now. Mining ETH from the beginning yelded incredible results. Therefore it i hard to believe you.

The question is a business orientated. Make assumptions, get the the expenses and just calculate which of the options makes more sense ang go with that.

Do you always make right trading decisions?  :D Really?

In Autumn 2014 Nobody didn't suppose that Ethereum will reach 1k USD. I had read about ETH and didn't invest during the ICO (It was one of the first ICO ever). But at that time the situation didn't look so good.
And my first mining experience was with BTC ASICs like S1 and S3. I even bought liquid cooled C1 but it's also was not right decision.
Enough times I lost crypto when exchanges scammed. Do you remember Cryptsy?

Although now I'm in enough good profit. Of course not millions and even hundred thousands but cryptocurrencies give me good income and now I would like to make smarter decisions in future. So because of I began this analysys. It helps me systematize my knowlidge/experience

Mining is now an industry. You can't just mine with a pair of your spare GPU let alone your i3 processor (Excluding the useless coins, of course).
So, it would be better just to buy and trade. Even for new coins, it could be beneficial if you strike a deal with the miner before the coins get listed in an exchange.

You right that time of mining with single GPU\CPU  is over. But mining with GPU farms or several ASICs is accessable for practically everybody. If you can solve noise and heat issues of mining machine you do not need to be a corporation you can be involved in mining

It is much easier to start buying coins than to buy, install and start mining coins, as it is much easier and more profitable to buy coins for me

I think it's good decision to buy. Mining is very costly and risky.So my suggestion is buy different kind of potential altcoins it is the wise decision.

I can agree that initial costs to begin mining is higher than to begin trading because of you need to purchase, install and setup mining hardware. But what risks of mining are you talking about?

I support you, buying coins is much more profitable than getting them, because I think that in order to buy coins you need much less knowledge

It's true if you buy and hold coins (like in my experiment)
But if you daily trader or trade in midterm timeframes you also need special knowlidge and skills. Trading is hard work

I think that only when trading with Altcoins can you keep the level of a small income. I did not trade and my coins fell in price against Bitcoin 4-5 times.

Do you sold your altcoins? Or you hold them for a better time?
I have several coins (not presented in current test portfolio) that lost more than 90% of their costs I bought them. In that terms I lost enough money. But untill I sell these alts I don't fix the losses.

I have tried the mining method. The yield calculation in one year does not provide a good advantage for us. We must calculate in detail the expenditure, so that we can calculate the annual income. I think it's better to go back to trading, or hold coins.

Another good option is to try POS coins. You can just keep your wallet online, start the masternode or to start validate network of a particular blockchain.

It's fact that the estimation of mining income is difficult task but it is also difficult to estimate trading and holding income too



Could you examplify several project that can give good income now?
What POS (not masternode) coins are profitable? And how it in general differ from simple holding?

That depends on what you want, but mostly altcoins mining are not like Bitcoin mining, so you don't really have to mention the hot hardware lol. But from my previous research, mining a new coin is better than rushing in and buying it and speculating that the price will go up. Most people that have tried it really got some good positive results from mining altcoins than buying. Unless you're talking about Bitcoin, then I would say that it is better to buy it, cause the price can move up a big way at anytime and you will make profit (there's still the risk of losing though.

Yeap I forgrot to mention that I talk about GPU-mining. It's more flexible than Bitcoin mining because of more oportunities to choose a coin. But to find new coin in "stealth" mode is also very hard task. I try to check message boards about new coins but currently I use nicehash for my GPU rig (I don't use algo switch soft I configure my rig to nicehash stratum). Maybe at the end of this week I will convert my "test mined" BTC to altcoins. Also my "Buying" portfolio probably will be changed too

I think that now is the best time to buy Altcoins. Many coins fell in 4-5 months at 70% relative to Bitcoin.

As for me, in order to mining coins, you need much more money and knowledge, it is easier to buy them and choose between ownership and trade.

Most of the project nowadays are not into mining. They are more into buying and selling or trading. During the previous years, mining is very popular and profitable but now its almost worthless because of the requirements and fees to mine a certain coin. Its better to buy it during their presale, hold it for a long time then sell it when the market rises. Besides I think bitcoin is the only crypto profitable to mine.

Hello to all! Profitable and trade in Altcoins and mine them. We must act wisely and differentially, respecting money management! Good luck guys!

As far as I'm concerned, it's better to choose one activity, so it will be better, because it's very difficult to track everything in the cryptocurrency

According to me at the present time we should buy instead of mining. Exploiting requires professionalism at work, and you have to spend a large amount of capital. The recovery of capital through exploitation is very difficult, sometimes depending on luck.

but it always seemed that mining was much more expensive than trading or just investing for a long time.  because mining takes time and money for equipment and electricity.  And investing is a naked profit.

At present, I think buying altcoins will do than mining because things have changed in cryptocurrency. If you want to invest in an altcoins for a long term, then I suggest you buy at a low price and hold for sometime before selling for huge profits when prices increase.

i think altcoin is not really good to mine, because it is so able to buy.
mining is need a lot of money because we have to buy miner mechine and need a lot of energy to make that miner mechine is work.
buy altcoin is so simple and we can get profit with trade, so that is my oppinion.

It's much easier if you can invest your money buying alts than setting up your mining machines and have problem with your expenses and maintenance, if you can afford to invest inside trading you can buy and wait the coin to rise and enjoy no need to complicate anything.

I prefer to hold or buy coins. I don't like POW mining coins. Because I used to Mining a coin. Almost no money was made. Mining always occupies resources from all walks of life. It will cause waste of resources. So I hold coins and keep trading happily.

I also prefer to buy coins because mining is very difficult for me, where I need money. You can start trading with $10.

One profitable coin to mine! Here is the proof! SWAT Mining Farm owned by @antarmontar D & M Member of the project in Iran.. With Earnings of more than 2400 USD last month using lean mining Android APP! Cost of electricity and Internet Data per month just 40 USD!

https://bitcointalk.org/index.php?topic=5128167.msg51558917#msg51558917

Minting transactions of mined SWAT transferred to mining addresses live can be seen here..

https://etherscan.io/token/0xc0f1728d9513efc316d0e93a0758c992f88b0809

https://i.imgur.com/V3HR8rh.jpg

Hello,
From the image, it is certainly that you mined with smartphones. How to do this? And, which coin(s) did you mine with those phones? Can you share more details because I have never mined crypto currencies with smart phones?

It seems to me that now there is no point in mining coins, because the profit is very small, it is better to trade, the profit will be much more.

If you know what you are doing in trading, the turn around of your investments is relatively faster than in mining. And if your concern is only to gain profit and not about the background of the coin, look for pump and dump coins, but you need to know when to get in with them, else you will lose money. A long time trader knows where to get their hands on when it comes to trading. As they are familiar with their market movement, they can easily take risk their money but of course they are expecting a good return. If you are mining an altcoin, and they are not yet in exchanges, you are not sure if you will ever sell them or not.

IMHO PoS mining better for me as it represents a compound interest strategy, when you reinvesting your income in mining again and again

yes, we can mine without any capital, only relying on the payment from mining. even if it is paid, it will not be paid without any funds. if the purchase is certain to have the coin and must have thought carefully to buy it before.

Both approaches require knowledge in the field. Regards mining, you have to be located in a country where electricity price is low, probably Latin America would be a good choice for mining. Regarding the buying, if you want to take it seriously, you will have to consult with some people who are a pro in investing in crypto. So, anyway, this is tricky.

mining or buying is the same, what distinguishes only when mining we get an altcoin in a free manner without having to buy it but it can't match what we want. if you buy you can determine which altcoin you will invest

Well, I prefer holding because it is easy to directly buy altcoins than to build a rig just for mining. You will also have a problem gathering or collecting the right hardware parts for it and also I think that mining on this bearish market will not be very profitable.

I believe that all methods are very good. This is how it will get better. Personally, I prefer to work on the stock exchange and follow the course of cryptocurrency. This is a pretty quick way to get cryptocurrency on your wallet. And in order to minimize you need to invest a huge amount of funds in the equipment and it is not yet known how to happen. So I wish you all good luck.

To me buying a coin is more profitable especially when you buy from weak hands that are dumping, you stand a chance to make massive income but heee why not combine both as the main reason is for profit making making and with both it's a double

I tired to mine altcoin, i found mining become difficult this days may for very new altcoin it will be profitable, but i suggest buy altcoin instead of mining.

of course to buy. minin needs huge investments and time. netter to buy some coins that mine it

I am not a miner but from what I have read around, I will stick to my usual buying of coins than attempting to enter into mining for the reason that mining costs a lot and it isn't easy to even mine a single block. And even if you are going to be mining a block per day, when you consider the amount of money you will spend to mine it, it is better to use that money to buy and hold than to mine with it. As I said, I am not a mining expert but I do not want to venture with this area.

If you have got all the mining equipments then it is good to mine, else as suggested buying is the right choice.

When the price of bitcoin was around $3200 the amount spend upon mining the same was close to the same value which leaves miners without profit where there is high electricity consumption charges.

Now as the price of bitcoin has grown high the mining cost has decreased and the profitability has increased. The scenario hasn't chnaged with altcoins as there is no big growth relative to bitcoin.

If you extract cryptocurrency, you can make a profit almost immediately. When you buy a cryptocurrency, you can make a profit after a while

Probably be buying is the obvious answer. There is not much rewards these days for mining I think. After all the market is pretty low on alts, I'll take this advantage every time.

if i have to choose, indeed i prefer to buy coins.
mining is very difficult and as you say mining equipment is too expensive and the results are also not necessarily profitable because the altcoin price is still not so good.

but to buy altcoins at the moment we have to be careful, just as ethereum is back down today, it could be broken support and continue its decline. therefore make a number of scenarios to anticipate a number of possibilities, so that we are better prepared to face them

In some cases, mining can be better than investments in the cryptos. It depends on the choice of the cryptocurrency you are going to mine.

Crypto experts say that it is much more beneficial to mine Litecoin, Bitcoin, and Ethereum as they are not as volatile as the other cryptos. Thus, you can combine all methods of making money on crypto, including mining and investing/trading.

It is not right because not only Ethereum, but most of altcoins have increased these days and they will keep rising. They will, believe me. Bitcoin has been stable around $10000, that gives altcoins great period to recover.  Buying altcoins on exchanges are much easier than mining them, but there is no guarantee that you can get good profits if you trade them, even if you choose to buy and trade good coins. Choosing good coins, buying them, and holding them for a few months, I suggest you to do this.

As for me, mining is less profitable than buying alts, everyone decides for themselves, but personally I chose to buy and trade alts

it depends on the assets mined. sometimes there are people who like to mine rather than trade and investment. because it is actually the same if mining and long-term investment. we will get a calculation of purchase capital and mining capital. we can calculate which is more profitable.

Well, I had tried mining a few times before and ended up mining some good coins that were new but mostly just ended up with shitcoins with no value. It was profitable to a limit; there was decent enough. That was a long time ago, but it was pretty decent. I recommend that if you plan to mine then try the new coins, those with some background behind them, those coins are pretty decent. Sometime you may end up with some shitcoins, but you will gain profit eventually. Hope for the best.

PoS is really a very comprehensive new solution and I love this. And we should not compare whether buying and holding or exploiting PoS will bring higher profits. Think about which field you are better at.
If you buy and hold without knowledge, I'm sure 90% that you will lose money a lot. If you have the knowledge and the ability to judge the market, you can do both business. ;)

I think mining isn't that profitable going with the fact that it consumes electricity and data especially here in Africa where steady electricity supply is only a dream. One can just resort to buying low and selling high. Or rather hodling good coins.

For me, its mining. Only one time investment need and we can get started mining. This is hassle free and no worries even if the price is low as we are sure about the accumulation of tokens or coins.

It highly depends on the cost of electricity, how well you're connected with certain crypto influencers, and how much of an analyst your are.

If you succeed in mining coins that will make x10 or more later once they go live on a market, well mining is good, but that's huge work in my opinion.

It's great time to start. ETH is growing day in a day, Have you already searched for mining equipment?  Do you know how mining works?

That's great that you are aware of asic miners. How much can you invest?

You may take a look at the reseller site globemining dot com. I can send you a link to their website

Yes, I have bought there several times. As I do not have much money to spend, I bought 2 Z11 models in 6 months. I really liked purchasing on globemining.

You'd better ask them, only know that in US it is a bit faster, than worldwide. My z11 was delivered in 7 days

I have no experience in mining, but I understand that professionals make good money on this. It’s easier for me to buy promising POS-coins on exchange and get a small profit from storage of coins.

Since this question has come,
MultiVAC is using all dimensional sharding  technique and achieved more than 30K TPS. It also tested (currently testnet 2.0 has been launched) the mining possibilities with low performance systems such as our personal computer.
At the moment members are using MultiVAC's cloud mining process and also some are using their own with required low configuration systems.
Testnet 3.0 will launch in 2019 Q4 and soon announcement will come for mainnet's launch.
You can research more on this, visiting project's website and joining their community on Telegram.

Mining requires large expenditures not only on the equipment itself, but also on premises and electricity. Traders are less dependent on anything.

But in mining you can calculate your profit or loss, and in trading it all depends on the experience and skills of a person

   Do what ever you need to do to accumulate more coins! Mine, earn, trade, buy, what ever is good for you and your set of skills, do it and do not regret it, our time will
come again, when alt-coins will worth a lot!
   Buying alt-coins is a great thing to do, but you can`t compare that with mining. Mining is investment that will generate profit as long as you have mining equipment, with
buying alt-coins you will stuck with same amount, you need to buy again if you wish to grow your alt-coins. Investing in mining equipment is more expensive in first place,
but in long-term it can be more profitable than just buying.

It has been three years since I entered the crypto market. But sadly I have not had any experience of mining. People and my friends suggest me to mine bitcoin, Ethereum and other famous coins. But I do not have any knowledge about mining. So at this moment, I am very much satisfied with buying and trading coins.

I mined for a few years, made all my investment money back in about 6 months and then the rest was profit, ended up with about 400% return by the time I decided to sell the mining equipment. It was fun and educational too. However, looking back running the numbers I would have been better off had I simply taken the money I used for hardware purchases and bought Eth directly. I do think it was worthwhile because I learned a lot by doing it and have a much better understanding of crypto and the associated surrounding issues, but if you are after profit only I personally think mining is a dead end.

Maintenance time and cost when mining is something no one every really talks about and I found in my case it was a significant piece of the puzzle. GPUs running 24/7 will lose bearings and die, connections go down, pushed upgrades from various programs that conflict with your mining settings... all of these things take time to deal with. The mining calculator websites assume 100% uptime and that NEVER happens, I'd say you are lucky with 80% uptime. So if you still run the numbers and they look ok and you want an extra hobby being an amateur IT expert then sure go for it. At this point in my life though I'd rather just dollar cost average accumulate.

it can be learned buddy. I see my friends also have mining tools. and I also followed it. I learned from those who have done mining and managed to get more assets. at first I was hesitant, but with limited capital maybe mining was also good besides trading.

mining has been not that much profitable as what I have heard from this forum. I have stopped mining like more than a year ago and have been doing trading ever since, and it is very much profitable for me plus without the hassle of mining and all, so personally, I would recommend that.

If you mine, you should understand that the payback is very small and it will take a long time, but if you buy coins, the profit will be entirely up to you.

If you buy from top 20 cryptos last month, you may double or triple your earning now, if you wanted to earn profit quickly, you could buy cryptos of your choice, however, a stable but small profit, go for mining.

On mining, you have to invest in hardware, internet, space and time.

On buying, you only need you few of time and money. 

I can not say exactly about the prey, because I have no experience in this area.  But about the purchase of coins on the Delta Stock Exchange, I can say the following.  I bought cheap coins of two projects and made a good profit, though I had to wait.

I have mine some altcoins. Mining is not profitable, except sometime if you succeed to mine at the very start of a coin. But price tends to fall after a certain time. So it is better to immediately sell your coin. Except if you really believe in the very long term of the coin. The cost of mining a coin is like paying the double price of a coin at the current market price. I don't think it is worth to mine any coin. I don't have any ASIC miner, maybe it is more profitable with a specialized hardware. But with a computer and GPU cards, it is not worth the investment as you have to pay your electricity bill and your hardware becomes old faster and can get burned.

The explosion of mining industry in 2017 ended months ago, since the middle months of 2018. At current period, mining is surely unprofittable if you choose to mine altcoins, most of them. Especially if you choose to mine top altcoins, which have extremely high difficulties on their network, and their prices look like shit now. If you don't mine bitcoin, you should not think of altcoin mining now. Instead, using money to directly invest in altcoins now is better. You won't have to suffer uncomfortable feelings from heat emitted from mining rigs.  ;)

Buying coins and holding them is certainly more profitable than mining.

There is no problem to learn more about him. For 3 years I am sure you could find all the information you need. I would love to do mining,especially since it is a guaranteed passive income,but the problem is that I do not have a suitable room for this.If you compare the more profitable to engage in mining or trading, then most likely I would advise you to do both of these. By synchronizing these 2 activities, you can increase your assets.

the multifaceted nature of mining has expanded ordinarily in that year.
As I would see it, it is smarter to pick a few altcoins and simply put resources into them on a long haul premise and trust you will get substantially more benefit than with mining in light of the fact that so as to earn substantial sums of money on mining need to put well in hardware.

When the price will get back to ATHs, it would be profitable to mine, but right now, the difficulty is too high and the prices are low. So I do not see the point of mining altcoins, when you can just invest in them and take profit anyway.

Actually there is another option called staking. You can get profits from staking altcoins, no need to spend money for electricity. Simple, but more efficient.