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Author Topic: Bitcoin Mining or Gambling  (Read 3121 times)
Chachacoin17
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September 13, 2017, 07:47:32 AM
 #21

I want to make money online through bitcoin but am really confused about mining and gambling with bitcoin because i see the two ways as a quick way of making btc but i need advise about which of the two is more reliable, bitcoin gambling or mining?
If that's the only option you want to choose from, I would prefer mining because gambling is too risky. Mining is profitable if you have enough knowledge how to make profit on it. Even if it is too expensive to start up I'm sure you can gain profit out of it because if not, then why there are still lots of miners? Enough knowledge is the key then.But if you have to ask my choice, trading would be best way to profit and you can start up with a little amount that you can afford to lose.Still you need to have enough knowledge and skill how to do it.

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September 13, 2017, 07:49:15 AM
 #22

Since mining and gambling are not good options. Is there any suggestion about earning decent amount of bitcoins?

Same as how to earn money, but you would receive bitcoins instead or use the money to buy bitcoins. There already are plenty of books and courses about how to get rich or how to invest or how to be an entrepreneur etc...
To earn bitcoins the same rules apply as how to earn money

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RandeeColemanc1911
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September 13, 2017, 07:49:45 AM
 #23

Can someone suggest any way to make 4 figure other than mining, gambling or trading? Trading needs experience.
ryo03800
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September 13, 2017, 07:53:29 AM
 #24

why do not you consider choosing trading to produce bitcoin?!? mining requires a setup that seems to require substantial capital with results that are not necessarily satisfactory, as it will compete with large mining machine engines. for gambling, maybe this will make a profit, but this is more like expecting "luck". but trading still gives you many opportunities, by choosing the altcoin you can see from coinmarketcap, choosing a reputable trading site like bittrex, poloniex. You can gain more profit from mining or gambling

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September 13, 2017, 07:55:11 AM
 #25

I want to make money online through bitcoin but am really confused about mining and gambling with bitcoin because i see the two ways as a quick way of making btc but i need advise about which of the two is more reliable, bitcoin gambling or mining?
Neither of those, gambling is just relying on your luck to make money and online mining is usually a scam or took a long time to break even. It's better to buy some gpu and start mining at your home but it's hard to buy gpu nowdays and the price is expensive.

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September 13, 2017, 07:55:41 AM
 #26

None if you do not have any knowledge about mining or gambling. Out of these Gambling has the most risk it is totally on your luck and there is a whole lot of chance you are gonna lose your bitcoins. Mining needs to have a good pc rig or special equipment for it and overall they would consume a lot of electricity so you also have to keep in mind that you need cheap electricity to make a profit, for mining and mining equipment cost a lot as well. I would rather say buy or earn bitcoin and save them for later as prices may go up soon.
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September 13, 2017, 07:57:01 AM
 #27

If you have money enough to start some bitcoin mining or maybe invest in legit casino bankrolls. But definitely gambling is not at option as you can lose, if you are looking to make profit you should invest.
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September 13, 2017, 08:09:21 AM
 #28

Mining and gambling are two different things
When you mining you working, so you can earn money
Gambling is risk and depend by your luck, so is not the best way to earn money
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September 13, 2017, 08:10:32 AM
 #29

I want to make money online through bitcoin but am really confused about mining and gambling with bitcoin because i see the two ways as a quick way of making btc but i need advise about which of the two is more reliable, bitcoin gambling or mining?
Neither of the two. If you want to earn(?), try trading. Trading is becoming one of the biggest hit in today's economical activities, especially in the world of cryptocurrency. A lot of new crypto-coins/tokens are now appearing, and I think it will be a great idea to invest your money on trading. This is a fun way of earning from cryptocurrencies (and at the same time, you're like playing a brain game).

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September 13, 2017, 10:28:01 AM
 #30

No doubt gambling is game,either win or loose all.If the luck is not in your favour,you can't win even once.
I would not recommend playing with your money.
If you are really seeking the way to win,just look for any legit mining contracts and invest.
There are also some scam miners in market,be carefull.


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nidacoinlove
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September 13, 2017, 10:32:08 AM
 #31

The both you are asking about are not considered as a good mean easy way to earn and especially gambling is a very bad idea. Gambling can't be trusted to earn money but yes if you want to lose some then gambling is a rocking idea.
Mining on the other side is extremely expensive and it pays you a very little amount as a return. At first it was assumed that mining is an easy task but mining needs a lot of capital investment and the earning is quite lessor comparing to the amount invested.

NeilLostBitCoin
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September 13, 2017, 10:41:32 AM
 #32

I want to make money online through bitcoin but am really confused about mining and gambling with bitcoin because i see the two ways as a quick way of making btc but i need advise about which of the two is more reliable, bitcoin gambling or mining?

If you want a passive income you go for mining. Although mining is still risky because we all know that the market flactuates a lot. But if you want to have a fast earnings you go with gambling.

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nikoluz123
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September 13, 2017, 10:44:41 AM
 #33

I suggest you mine altcoins instead of bitcoin. Check out coinwar.com

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September 13, 2017, 10:50:10 AM
 #34

I am always on the mining side. I don't believe in gambling. so I don't want to take a risk with my Bitcoin in gambling. gambling is totally dependent on the luck so no one should gamble with Bitcoin.
for me, Bitcoin is the most valuable thing so it should be used in the fruitful system so that it will enhance more. that is why Mining is the better of the two options.

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September 13, 2017, 11:43:22 AM
 #35

Of course in gambling you wouldn't have any assets or win backed chances not like mining. After a month of mining and if you think it was just a waste of time. You can sold your hardware and you can have your capital in your wallets back and make any other investments. In gambling there is low possibilities of winning and more chances of losing. And you can't win again if you don't put any bitcoin more.

bitcoinisbest
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September 13, 2017, 11:46:09 AM
 #36

I suggest you mine altcoins instead of bitcoin. Check out coinwar.com

Well in our country mining is not seen as an new opportunity due to high electricity costs and high land costs it involves. So people prefer to buy directly bitcoin. Yes now days mining is done of altcoin as this has less difficulty level and due to cheap price of good altcoins people prefer this coins compared to bitcoin. So mining altcoin is more beneficial.

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September 13, 2017, 12:02:00 PM
 #37

Definitely these are the best way to earn huge money. I personally do the both gambling and mining. But i think bitcoin mining is risk movement. On the other hand you should need proper experience on gambling site for get more profit.

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September 13, 2017, 12:29:40 PM
 #38

For me, I choose mining because even it is hard and slow to mine still I will not think that I might lose something compared to gambling, you might regret losing your bitcoin for expecting to earn more in gambling.
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September 13, 2017, 01:22:51 PM
 #39

Will, do trading because neither of these are profitable especially gambling. Maybe in mining you can profit but now it is not advisable to do. If you go for mining it is much better to do the altcoin mining which is the GPU mining, as far as I know there are still a lot of crypto miners who make good income from that but you'll gonna need proper investment for this.
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September 13, 2017, 01:33:38 PM
 #40

I think more mining than gambling
because the gambling will only lose and make us angry
prefer mining to produce BTC

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