Trading or mining?

[Natsuu]

Just had a chat with my friend on setting up mining in my farm house. He advised and suggested more to invest in crypto currencies then investing and spending time in mining. What you guys would suggest me of. Or shall i start with small investment on mining from house with rigs attached to system i have in my house and start a farm house once experienced or do not get into mining? Suggest me dudes.

It depends on what country you live in because if you live in Asian countries then you must think twice before you put up. We all know how expensive our electric bill and by putting up a mining farm will cost you a fortune. So yeah you'll be able to mine but surely it will just go to your bills and maintenance. So you're more likely working for nothing because at the end of the day it will be useless. Just learn how to trade and embrace it and you'll see it make sense after all.

[streazight]

more relaxed and profitable to mine if you have a lot of capital and also your time to spare if mining.

Although this is quite easy and interesting to mine bitcoin or any other coin, but the only problem comes when you talk about resources. Mostly people are much interested to learn bitcoin mining but soon when they start knowing basics of mining, they usually get their heads off the mark. This is quite disturbing when they see such high values of capital required for mining.

[sgenuine]

If there is money to invest, mining will be an option not bad. My country lives relatively cheap electricity prices, benefits are not lower than trading.

You better know the aspects of mining, that is great. Mostly people want to start mining as they get it through general aspect and that doesn’t let them go deep in facts that are needed. For mining, every other thing just works fine except electricity. As systems must be strong and they should be running for whole day and consuming extra power, so cheap electricity must be provided.

Electricity has been the most common problem in mining, and miners prefer to build a rig in a country who has cheap electricity, and Georgia was the most preferd country.
These days mining Bitcoin is almost an unprofitable method of investment, not unless if you have a really huge mining farm. Another problem in todays mining, is the level of difficulty to mine everybit of Bitcoin as there are only 21million supplies and there are 17million circulating supplies in the market already.
Best option for the OP is to do trading. Although it is more riskier than mining, but it can make good returns than mining.

Mining is profitable when you have a cheaper electricity in your area. Many miners today sell their mining hardwares because of the electricity problem. Trading is much better when mining is not for you

Mining also needs a lot of initial investments: you have to buy the equipment to mine the crypto, and this stuff is very expensive. However, here, you can get stable rewards.

[Congyang]

trading is more risky but mining requires large capital to be able to walk. I prefer trading with small capital so that I can get maximum profit and avoid losses. So when the capital you have is not large, choosing trading is a good choice.

[kuah bakso]

I don't know anything about mining and I won't try it because it requires a lot of capital, it's better to trade because it's more fun and profitable for many people

[Muzika]

more relaxed and profitable to mine if you have a lot of capital and also your time to spare if mining.

that the good thing you will be having an income with low effort but you need to have a huge amount of capital and in the long run you will really need to wait for you to earn your capital because mining needs a huge capital but the income from it is not that huge also so it is better to do trading although you need to put your time and effort to be a successful trader.

[lushlife]

Depends on the place where you live in, in mining
you need to consider many things, for example,
electricity cost, place, temperature, etc. however
in trading it all depends on the market.

[Fantastickarl]

Mining requires huge capital to invest into it. I would advice if you have little capital, you should look towards trading than mining. Trading requires you to have a skill to make consistent income. I would advice trading if you have the skill than mining

[mabell943]

Trading of course than mining because is much better to choose trading industry to earn a good amount of income or profit in daily basis that can sustain your own needs ands wants as a person.

[Adrin]

I prefer trading then mining. Time is the main fact here. For mining, I need to give more time for planning and selection asset. Trading can give you profit even within a day but mining needs to wait for at least 1 years sometimes. You can start with the little amount as 10$ but for mining, you need to invest minimum 1000$ for take good profit.

[Oasisman]

If there is money to invest, mining will be an option not bad. My country lives relatively cheap electricity prices, benefits are not lower than trading.

You better know the aspects of mining, that is great. Mostly people want to start mining as they get it through general aspect and that doesn’t let them go deep in facts that are needed. For mining, every other thing just works fine except electricity. As systems must be strong and they should be running for whole day and consuming extra power, so cheap electricity must be provided.

Electricity has been the most common problem in mining, and miners prefer to build a rig in a country who has cheap electricity, and Georgia was the most preferd country.
These days mining Bitcoin is almost an unprofitable method of investment, not unless if you have a really huge mining farm. Another problem in todays mining, is the level of difficulty to mine everybit of Bitcoin as there are only 21million supplies and there are 17million circulating supplies in the market already.
Best option for the OP is to do trading. Although it is more riskier than mining, but it can make good returns than mining.

Mining is profitable when you have a cheaper electricity in your area. Many miners today sell their mining hardwares because of the electricity problem. Trading is much better when mining is not for you

Mining also needs a lot of initial investments: you have to buy the equipment to mine the crypto, and this stuff is very expensive. However, here, you can get stable rewards.

Thats one of the many advantages of mining, having a stable passive income. Well, I have to agree for the both of you. The point is, it isnt easy starting up a mining rig, and that would be the hardest part of mining. And, right now, if I were to choose which one to mine, I'd better choose mining alts than Bitcoin. But then again I lost interest in mining a long time ago, cant stand the electricity cost in my country lol.

[Jessunbitz]

I can offer tradebot bether and faster profit then mining.

[ipbitrung01]

Just had a chat with my friend on setting up mining in my farm house. He advised and suggested more to invest in crypto currencies then investing and spending time in mining. What you guys would suggest me of. Or shall i start with small investment on mining from house with rigs attached to system i have in my house and start a farm house once experienced or do not get into mining? Suggest me dudes.

I think you should only trade and should not be mining bitcoin at this point, you can see that the market is constantly decreasing and bitcoin reserves can be mined, less and less, the exploitation increasingly But the bitcoin price is getting lower and lower. So the profit is low and the risk is very high. I believe you should only trade bitcoin to have risk mitigation.

[okorocrypto]

Just had a chat with my friend on setting up mining in my farm house. He advised and suggested more to invest in crypto currencies then investing and spending time in mining. What you guys would suggest me of. Or shall i start with small investment on mining from house with rigs attached to system i have in my house and start a farm house once experienced or do not get into mining? Suggest me dudes.

I will suggest you invest some of the money in mining on a small scale and part of buying crypto. Within six months to a year, you will be able to know which is more profitable. I believe the best teacher is experience and don't forget that what works for another may not work for you and vice versa.

[Tish]

I think trading is a better way. Cos for mining you need cheap electricity, free placement and equipment. For beginners - trading is the best way, I think. 

[hubballi]

I think trading is a better way. Cos for mining you need cheap electricity, free placement and equipment. For beginners - trading is the best way, I think. 

Very much true facts, for mining lot of investment is needed and more over you have to first calculate that how much expenses you will get and what will be the output, after calculating all this you will know that whether it is profitable or not. for Mining main is electricity expense which if is low then next comes investing for mining rigs. So their are lot of steps to start mining. But for trading you can start with small investment and do trading in high volume coins and gain experience and when you are fully expert in trading then you can do what ever investment in trading as per your conditions.

[mindrust]

None.

Hodling all the way.

If you feel adventurous however; hodl %70-75, mine with %10 and trade with %20. Do it for a year or two. Hodling is fully passive, mining is a half passive investment and you need to be constantly active to make money from trading.

If you think the time you invest in trading is worth it, then you can move more money from your hodl balance to trade balance. Same goes for mining.

I personally think hodling is the best way to make money. You can focus on your other hobbies while your stack gets bigger and bigger in time.

[Boris_sahnevich]

And mining and trading business is profitable, there are plenty of places on the market, there would be a desire. But before diving, study the topic.
Invest in kriptornok just enough so that in case of force majeure there was no heart attack. You do not need to sell an apartment, take a loan, it will crush on a subconscious level, in a difficult period (and it will be sure) you will make mistakes, start to get nervous ...

[slashz9]

i think both is good, you can earn some money from mining then you can trade to at the sametime,every month your income from mining can be capital for trading, because if you just trading you can lose sometime, in mining you can income everymonth althoguh the result are not much.

[Tyrandeo]

Mining is currently a very dangerous thing, because your investment costs may increase, and your earnings begin to decrease as the market changes!