To mine or invest?

[Konthol Ngaceng]

Bitcoin investment I think is more risky than mining, now the price has reached more than $ 4600 and with a maximum electricity cost of 75 cents then we can get RoI for 5 months if using S9.

[kevpantof]

Hey, total newbie here looking to break into collecting coins lol

What is the most effective way to start?
How much would it cost to build a setup to mine verses just investing?

Mining is also an investment, so it just depends on you and how well you are willing to go about any type of investment you wish to do. So many people believe in just buying and holding for long looking forward to the increase in value. However, with mining and a solid set up most especially in a place with lower electricity fee, mining can be profitable.

Once you can have your return on investment back, the rest is just free coins every now and then until you decide you want no more. Mining comes with its own cons too so do not think it is just that easy.

[chineseprancing]

If you are a newbie and live in a warmer country with high electricity costs, to invest in a promising project is likely your better choice.

However, there are tools available where you can enter the hardware you will use and the electricity costs and then you can make your calculation of how profitable it could become.

Both of this are needed capital, for me it's better to invest but not in mining sites. I suggest that instead of mining sites try to invest on trading sites, because most of the mining sites are running for short period of time. Moreover on my experience I invest high amount into mining sites but it takes a year before my investment returned. In addition I also experience of unexpectedly closing of mining sites after a month, my investment will loses without my knowing. Not like into trading that all you have to do is to buy and to sell, monitor the fluctuation of every coin in exchange and always wear your patience in waiting.

[MyCryptoProject]

mining is investing,, just safer

[geopolisch]

For me both method is great, in mining method you need to consider lots of things before you start to build your own mining site like electricity rate in your country, your capital for buying hardwares, place that your mining hardware to be placed but if you can not provide that there is online mining sites or cloud mining but it is too risky than building your own mining site.
I agree that investment is a easiest method to earn money, there is nothing to do just to wait for your profit but it was a risky method also but the return is very huge profit.

I agree with you on this, both method is great. Mining may earn less but it is stable and somehow predictable while investing is not for the faint-hearted

Invest wisely, small step at a time and learn from there. Don't put all eggs in one basket

Yeah mining will ultimately need hard work than investing and trading all other chores but that doesn’t mean that is not suitable. Mining is better to make good earnings but investing is more impressive in this regard. You have to be so careful when you are mining because it needs much electricity and definitely the hard work. So it all depends on you which suits your strategy.

[Gotomoon]

If you are a newbie and live in a warmer country with high electricity costs, to invest in a promising project is likely your better choice.

However, there are tools available where you can enter the hardware you will use and the electricity costs and then you can make your calculation of how profitable it could become.

Both is very risks mining and investing. I agree with others mining is need a lot of work and things to do before earning achieve. A lot of consideration the electricity will costs you that may resulted to a less of profit. Investing like in trading is also profitable just earn knowledge before you can earn profit.

[gabbie2010]

Bitcoin mining is a capital intensive project, this requires purchasing and installation of the necessary or required hardwares e.g Antminers, ASIC which cost 1000$+ and you needed cheap, affordable and constant electricity supply.
Investing is also an option but it involves taking risk as a newbie you ought to have been mentored on how to trade before investing your capital. Although it may take sometimes to be trained on how to trade but it really worth it.

[mharz]

I want to invest but not in mining sites, because I have lack of trust in any sides of mining. Because I don't want to experience again what happen last year, I just invest then after 3 months the sites should be close immediately. I can't recover anything to my investment, it was too late when I know that the site I joined is scammed.
So now I've decided to stop joining in mining, because I was not so sure if it is scam or not. I was scarred to happened it again that's why I stopped joining in mining.

[italianMiner72]

Hey, total newbie here looking to break into collecting coins lol

What is the most effective way to start?
How much would it cost to build a setup to mine verses just investing?

all of us can give you a different answer according with our personal experience..
i think if you have cheap electricity and you don't need to cool your farm you can try to buy some S9 or Avalon 741 or ebit E9
otherwise you can try to invest in some good alts...

[Smarty14392]

Hey, total newbie here looking to break into collecting coins lol

What is the most effective way to start?
How much would it cost to build a setup to mine verses just investing?

Mining is also an investment, so it just depends on you and how well you are willing to go about any type of investment you wish to do. So many people believe in just buying and holding for long looking forward to the increase in value. However, with mining and a solid set up most especially in a place with lower electricity fee, mining can be profitable.

Once you can have your return on investment back, the rest is just free coins every now and then until you decide you want no more. Mining comes with its own cons too so do not think it is just that easy.

Exactly there are so many advantages attached with disadvantages that comes in a pair when you talk about mining. Mining is really interesting and profitable but it just need to be started in an area where electricity cost is low. You only have on additional investment of electricity and if you find so low, believe me there would be so much better results, even more than trading.

[setupbounds]

For me both method is great, in mining method you need to consider lots of things before you start to build your own mining site like electricity rate in your country, your capital for buying hardwares, place that your mining hardware to be placed but if you can not provide that there is online mining sites or cloud mining but it is too risky than building your own mining site.
I agree that investment is a easiest method to earn money, there is nothing to do just to wait for your profit but it was a risky method also but the return is very huge profit.

I agree with you on this, both method is great. Mining may earn less but it is stable and somehow predictable while investing is not for the faint-hearted

Invest wisely, small step at a time and learn from there. Don't put all eggs in one basket

Yeah mining will ultimately need hard work than investing and trading all other chores but that doesn’t mean that is not suitable. Mining is better to make good earnings but investing is more impressive in this regard. You have to be so careful when you are mining because it needs much electricity and definitely the hard work. So it all depends on you which suits your strategy.

Definitely mining is no bad as we consider it. It is profitable too like trading and investing or any other thing that related to crypto world. Basically just a difference that is made by mining, the electricity cost. You have to make some more arrangements for it rather just investing money. So this feature make it a less suitable for most of the traders.

[rhamzter]

For me both method is great, in mining method you need to consider lots of things before you start to build your own mining site like electricity rate in your country, your capital for buying hardwares, place that your mining hardware to be placed but if you can not provide that there is online mining sites or cloud mining but it is too risky than building your own mining site.
I agree that investment is a easiest method to earn money, there is nothing to do just to wait for your profit but it was a risky method also but the return is very huge profit.

I agree with you on this, both method is great. Mining may earn less but it is stable and somehow predictable while investing is not for the faint-hearted

Invest wisely, small step at a time and learn from there. Don't put all eggs in one basket

Yeah mining will ultimately need hard work than investing and trading all other chores but that doesn’t mean that is not suitable. Mining is better to make good earnings but investing is more impressive in this regard. You have to be so careful when you are mining because it needs much electricity and definitely the hard work. So it all depends on you which suits your strategy.

Definitely mining is no bad as we consider it. It is profitable too like trading and investing or any other thing that related to crypto world. Basically just a difference that is made by mining, the electricity cost. You have to make some more arrangements for it rather just investing money. So this feature make it a less suitable for most of the traders.

Yeah your right, bitcoin mining is probably profitable. However we need to invest high amount to this project to assure that we earn high amount of income. But even you invest high amount in this type of service it's worth it, because you can sure that you will earn high income using this. Maybe I plan to invest in this kind of job but not for now maybe some day.

[lemipawa]

GPU mining is promising lately because of the current price of Bitcoin. The problem with GPU mining is the price of those video cards are expensive and most of the time they are out of stock. i tried to build my own GPU rig but sourcing those good cards are hard in my country, its per order basis. Back then GPU mining is not advisable because of the rate of electricity. Now that Bitcoin price is up, GPU mining is profitable.

[Idrisu]

I don't know about mining mush but have deep knowledge on investments as I have about ten years experience in forex and commodities trading. From what I have read based on the comments I have read on this thread I think investment into cryptocoins market is far more profitable than mining though more risky than mining. In mining you risk of investing into a dead coins that will wipe out your entire investment is not there. If you buying a right tools and software you are sure of getting little coins daily. Trading on the other hand can make you a very huge profits in just few days and the opposite can also happens.

[Gotottack]

For me both method is great, in mining method you need to consider lots of things before you start to build your own mining site like electricity rate in your country, your capital for buying hardwares, place that your mining hardware to be placed but if you can not provide that there is online mining sites or cloud mining but it is too risky than building your own mining site.
I agree that investment is a easiest method to earn money, there is nothing to do just to wait for your profit but it was a risky method also but the return is very huge profit.

I agree. But actually, both mining and investing are investments. What differs one from the other is that in mining, you would have to purchase gadgets as part of the operating expenses while in investing, you would only need to put a sum of money as part of the risk you are assuming to take. But then again you can see that in both situations, you should be willing to lose some cash (invest) on the premise that you may earn out of it in the long run.

[BIG Tyrese]

Mining may be less risk. But it still requires a big investment at the very start. If you want to invest small amounts and try to sell for higher and then buy again a little bit lower I think you would be better of especially if you dont have any knowledge on mining

[arseaboy]

Mining may be less risk. But it still requires a big investment at the very start. If you want to invest small amounts and try to sell for higher and then buy again a little bit lower I think you would be better of especially if you dont have any knowledge on mining

yes mining needs knowledge without any ideas you wont see the future of your gains, mining will take some time before you can really enjoy your earnings the pieces of equipment that you will be needed really needs a huge investment and if you have some money to begin with better to study first before taking the first step.

[ModGirl]

Hey, total newbie here looking to break into collecting coins lol

What is the most effective way to start?
How much would it cost to build a setup to mine verses just investing?

Mining is also an investment, so it just depends on you and how well you are willing to go about any type of investment you wish to do. So many people believe in just buying and holding for long looking forward to the increase in value. However, with mining and a solid set up most especially in a place with lower electricity fee, mining can be profitable.

Once you can have your return on investment back, the rest is just free coins every now and then until you decide you want no more. Mining comes with its own cons too so do not think it is just that easy.

Exactly there are so many advantages attached with disadvantages that comes in a pair when you talk about mining. Mining is really interesting and profitable but it just need to be started in an area where electricity cost is low. You only have on additional investment of electricity and if you find so low, believe me there would be so much better results, even more than trading.

These more profits are only coming to you when you are doing it with some good investment. And there is thing on this forum, that if you get some good amount of electricity free or you get it at very low price than other guys in town, mining, then you are kicky and then you are more open to profits than in other case.

[healix21]

Its almost the same, you buy miners and that's actually an investment. Buying Asic miners is more risky than GPU miners. When the time that ASIC are no more profitable you can't sell them to gamers, while GPU can.

[philipma1957]

Hey, total newbie here looking to break into collecting coins lol

What is the most effective way to start?
How much would it cost to build a setup to mine verses just investing?

Your question is wrong.

Mining is an active investment.
Buying coins and holding or trading them is a passive investment.


Should you mine. 

Yes if you have cheap power.
Yes if you want to stay off the grid.
Yes if you can get rid of heat and noise issues.
Yes if you have some tinkering skills.

Should you buy some coins and hold them. 
Yes if you  understand the advantages of buying and holding.
yes if you don't mind doing everything up front and paying taxes.

If you can join coinbase.com you can buy some coins and just hold them.