Pursuer
Legendary
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Activity: 1638
Merit: 1163
Where is my ring of blades...
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November 16, 2017, 08:52:13 AM |
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it depends on a lot of different factors. these two are not similar things to easily compare them!
for example if you know nothing about trading and have zero familiarity with the market, then trading is not going to be profitable for you. the result will be a lot of losses, one after another until you give up and are broke. some people don't want to spend time to learn trading, they want more of a passive income type of thing. so trading is not suitable for the se people.
mining on the other hand is more like a passive income. you just buy some equipment (ASIC miners or GPU rigs) and set them up so that they can make you money and you just check on them. this may sound simple in theory but it is still hard and risky because of all the volatility of cryptocurrencies. but it is much easier to get the hang of the mining and make it profitable. the only remaining issue will be your electricity cost, and if you live in a country with cheap electricity then mining is a good option to think about.
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Only Bitcoin
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Kunlejoe0
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November 16, 2017, 08:57:24 AM |
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Well said. Mining could drag for some time before you recover your money! Trading on the other is purely based on chance. But you could calculate how much you are going to earn on your money over a span of it's life.
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dg2010
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November 16, 2017, 09:13:38 AM |
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I think if you have good enough knowledge and skills. Trading will earn more profit than mining. With 1 dollars you can earn 1000 dollars.
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Thardz07
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November 16, 2017, 09:23:51 AM |
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Both are profitable. But the more profitable is the trading exchange,but there is disadvantage. In trading exchage, more posibility of profit lost. It is more risky if you dont have knowledge of this system. But if you are a pro in trading, this is much profitable. In mining system, this is a stable and surely you will definitely earned even if you invest,but not as much than trading.
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mharz
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November 16, 2017, 11:39:18 AM |
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I think if you have good enough knowledge and skills. Trading will earn more profit than mining. With 1 dollars you can earn 1000 dollars. Maybe it depends on how can you handle the job you can chosen, for me both of this are much profitable. However you just need some professionalism in terms of trading, also you just need to bind a couple of time to monitor the movement of coins you been choose to invest. While in mining you only need to invest high amount but surely you can earn income even for a long period of time.
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Bitcoinjheta
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November 16, 2017, 12:13:54 PM |
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I think if you have good enough knowledge and skills. Trading will earn more profit than mining. With 1 dollars you can earn 1000 dollars. Maybe it depends on how can you handle the job you can chosen, for me both of this are much profitable. However you just need some professionalism in terms of trading, also you just need to bind a couple of time to monitor the movement of coins you been choose to invest. While in mining you only need to invest high amount but surely you can earn income even for a long period of time. Both are profitable if executed well. Profit really depends on how you do your job well. Trading needs to be decided well and market should be well monitored so as to keep yourself updated to the current price in the market. Mining on the other hand requires a lot of capital but if you are familiar with mining then it would benefit well. Big profits depends on how knowledgeable you are of what you are doing.
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luckycoinn
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November 16, 2017, 12:17:02 PM |
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Are you drunk sir? We all know which is most productive and profitable between on that two. If you are looking for some income, it's better if you focused on posting in this sites, instead of trade or mine.
don't be rough bro, I think he don't want just getting "income" from this site. I suggest to start learning how to trade. it might be hard to get profit if trading Bitcoin, but altcoin can be profitable if traded with Bitcoin.
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damberg
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November 16, 2017, 12:26:47 PM |
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For a cryptocurrency beginner it is far easier to trade than to mine. Mining requires some code knowledge and advantageous electricity price. However, I am still thinking of mining as an instrument of diversification. If you cannot sync with markets and make money by trading, mining can "ensure" you quite stable monthly/quarterly income.
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no0dlepunk
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November 16, 2017, 01:48:16 PM |
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HODLing is way way more profitable compared to the two options that you have mentioned. Your mining rig will only give you an A performance for the next 6 months and then after that, you need to upgrade. Trading is quite good as long as you can focus on the charts 24/7, otherwise, forget about it. HODLing a reputable coin will give you more profits in the long run. Trust me, I have been doing this shit full time for a while now.
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eann014
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November 16, 2017, 02:00:54 PM |
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For me trading is more profitable than mining, mining needs huge capital before you can start to mine and you need to have a free electricity for you to earn good bitcoin. But in trading, it is depend on us on how much do we want to buy or to sell, for me it is more easy to earn in trading than mining.
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krauzzer02
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November 16, 2017, 04:26:22 PM |
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For me trading is more profitable than mining, mining needs huge capital before you can start to mine and you need to have a free electricity for you to earn good bitcoin. But in trading, it is depend on us on how much do we want to buy or to sell, for me it is more easy to earn in trading than mining.
The two of them have a very different angles and aspects to earn digital coins from different people's perspective and situation, it is because some of them earn more a lot easier from mining than trading because they are into technical and networking stuff as well as a good researcher to target a promising coin to mine utilizing the mining electricity and equipment but some of them failed in mining thus experienced to earn more from trading because they have a better understanding and knowledge about how trading works in crypto. So for the Op's question was always depends in your skills and situation yes mining takes a lot of time to earn the ROI but if the electricity bill is promising to be cheaper it will be the opportunity to gear some small mining rigs and the income is a sure ball. Trading can also be profitable and can generate fast results but the problem with this is you need to watch the market too often and the risk is high because the market is not stable you can lose your money easily.
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klatz
Newbie
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Activity: 14
Merit: 0
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November 20, 2017, 12:21:40 PM |
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At a first glance, it seems pretty simple - when you have enough skills and are ready to take risks, trading is more profitable because of the fast results. If you are ready to wait for a longer turnaround, you can try mining. And yes, like it was mentioned, both options require big investments from the start.
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richmcrich
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November 24, 2017, 08:08:47 AM |
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I think if you have good enough knowledge and skills. Trading will earn more profit than mining. With 1 dollars you can earn 1000 dollars. Exactly! There is no way that we can deny this fact that mining is something very much costly and it requires lot of resources especially some super computers along with lot of consumption of power and electricity. Trading is no doubt a little risky thing to do but as compared to that of mining, it is better to go fir trading. It will really help you in earning of more money than you can get through mining.
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TheUltraElite
Legendary
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Activity: 2968
Merit: 1310
So anyway, I applied as a merit source :)
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November 24, 2017, 08:14:26 AM |
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Don't use mining websites, they're not doing mining, they're like HYIPs. If you're interested in mining, do it on your own. Honestly I would agree and disagree to you at the same time. I agree that HYIPs are very attractive to newbies (who are their prime targets) and they end up losing their money in the process of the scam. Again a mining rig may not be cost effective for everyone. There a lot of costs associated with it and they may not be always profitable. So research on mining is important and the ROI must be considered if they are mining on their own. With trading websites, I think you mean exchange platforms such as Bittrex, Binance, HitBTC etc. You better start trading after learning it well Trading should be done once a person has got enough of a captial of bitcoin and some altcoins and have learnt about it properly. Be careful of pump and dump schemes and stay away from the "trollboxes" of the exchange sites. That is the place for all shills of the world.
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geyayy
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November 24, 2017, 08:55:28 AM |
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Mining on your own takes a lot of time. It consumes your electricity hence you are not getting your profit entirely. I don't think mining is a good way of earning because it is quite complicated. Meanwhile, mining websites aren't so reliable because some are scammers as well. You can do trading but it takes knowledge and experience, as well as mental & emotional preparedness.
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dothebeats
Legendary
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Activity: 3710
Merit: 1354
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November 24, 2017, 09:03:51 AM |
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Clear winner here is trading since mining takes a lot of preparation, resources and operation cost whereas trading only requires you to sit in front of your machine, study how the market is doing and trade according to what nets you some profit. You only need some time to read and learn about trading and you can start right away without risking a huge amount that could be bound for a loss. Trading is so flexible as well compared to mining. You can mine coins for certain profit but you can never maximize your hashes if you are trying to hit a certain goal unlike trading which gives you enormous profit since the market is always moving and you can cash every single mistake made by others.
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wuvdoll
Legendary
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Activity: 1442
Merit: 1025
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November 27, 2017, 07:53:58 AM |
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0.01 in mining makes no sense, it is only a few more bucks than $60 dollars, and you can not buy anything with that amount of money. Maybe you can invest that on a cloudmining site, but it is not worth it, because you are going to lose your money in there, and obviously, your time. And 0.01 in trading sites is worst than cloudmining, because you need to be more than hours in front of your computer in order to make a few bucks a day, and it is not worth it too, because you can lose money in there if you dont have previous knowledge about that.
Even if you say you want to use your PC to mine which obviously will not even give you anything but trash, 0.01 BTC will not even buy a good laptop to consider mining some altcoins and looking forward to the profit you will make from its value in the future. All the above with trading, this is something that you can start increasing gradually and in no time you can make something good except that it requires some learning, effort and some pretty hard work from you.
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brotherwood12
Member
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Activity: 686
Merit: 30
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November 27, 2017, 08:50:49 AM |
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i think mining is porfitable than trading with statment you'r new on crypto , i say this statment because i see lot people do trading with high investment and fall down because he / she didnt know about how to trading , but if you trading you just like invest ur money and get passive income and with the electry , i think before do mining calculate 1st money u will get and u will spend CMIIW
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TheUltraElite
Legendary
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Activity: 2968
Merit: 1310
So anyway, I applied as a merit source :)
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November 27, 2017, 09:10:48 AM |
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Mining on your own takes a lot of time. It consumes your electricity hence you are not getting your profit entirely. I don't think mining is a good way of earning because it is quite complicated. Mining need not be own their own. You can join a mining pool and mine along with other miners by sharing you hashpower with the pool. Then you get proportional share of your hashpower. Doing this by setting up your own mining rig is a tough decision in terms of an investment. Meanwhile, mining websites aren't so reliable because some are scammers as well. You can do trading but it takes knowledge and experience, as well as mental & emotional preparedness.
Never trust any website which allows you to "buy" hashpower. Most of them are scam ponzi schemes and will never actually return any profits. Most newbies fall for them but they are easy to detect. Auroramine is one recent scam in this aspect.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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Barbut
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November 27, 2017, 09:30:06 AM |
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More profitable activity is in which you invest more. You need to invest money, then knowledge and in the end you need to have time to do what you wish. For me more profitable is trading, cause I don't have money to invest in proper mining equipment, then price of electric power in my country is high. Both are great things to do and it invest in it, I think that anyone who have money for mining should do it, and for trading its not necessary to have a lot of money, a bit time and good will and you can start practicing and learning about bitcoin trading.
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