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mammoniter
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July 01, 2019, 04:38:28 AM |
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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... 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. |
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Ioann11
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July 01, 2019, 08:54:59 AM |
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Hello to all! Profitable and trade in Altcoins and mine them. We must act wisely and differentially, respecting money management! Good luck guys!
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immortal4now
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Activity: 612
Merit: 102
Chromia - Relational Blockchain
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July 01, 2019, 05:51:48 PM |
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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 |
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thehulkk
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Activity: 442
Merit: 10
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July 01, 2019, 06:02:48 PM |
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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.
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wesk1212
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July 01, 2019, 07:25:33 PM |
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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.
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42K
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Activity: 364
Merit: 10
Erotic Industry on the Blockchain! RachelX
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July 03, 2019, 05:17:56 PM |
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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.
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ridha inoue
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July 03, 2019, 05:20:47 PM |
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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.
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CDEX-CROSS-CHAIN DECENTRALIZED EXCHANGE PLATFORM |
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joshy23
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July 03, 2019, 05:43:24 PM |
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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. |
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Airelves09
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July 03, 2019, 05:46:43 PM |
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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.
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mattadc
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July 03, 2019, 05:55:21 PM |
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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. |
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uralcryptocoin (OP)
Sr. Member
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Activity: 1042
Merit: 328
SIGNATURE CREATION by uralcryptocoin
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July 06, 2019, 07:11:58 PM |
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Week #5 Report (30 JUN - 06 JUL)| ### | MINING | ########## | BUYING | | ### | | ########## | |
| ### | USD | ########## | BTC | | ### | | ########## | |
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BTC Bitcoin: A Peer-to-Peer Electronic Cash System BTC
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone. |
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uralcryptocoin (OP)
Sr. Member
Offline
Activity: 1042
Merit: 328
SIGNATURE CREATION by uralcryptocoin
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July 14, 2019, 11:33:55 AM |
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Week #6 Report (07 JUL - 13 JUL)| ### | MINING | ########## | BUYING | | ### | | ########## | |
| ### | USD | ########## | BTC | | ### | | ########## | |
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BTC Bitcoin: A Peer-to-Peer Electronic Cash System BTC
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone. |
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TropicalDog
Member
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Activity: 300
Merit: 12
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July 14, 2019, 12:32:04 PM |
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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? |
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MMA Rats
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July 14, 2019, 06:39:45 PM |
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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.
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tippytoes
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July 14, 2019, 06:43:36 PM |
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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. |
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Crypt0BHunter
Member
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Activity: 462
Merit: 10
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July 14, 2019, 07:05:26 PM |
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IMHO PoS mining better for me as it represents a compound interest strategy, when you reinvesting your income in mining again and again
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uralcryptocoin (OP)
Sr. Member
Offline
Activity: 1042
Merit: 328
SIGNATURE CREATION by uralcryptocoin
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July 21, 2019, 04:47:44 PM |
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Week #7 Report (14 JUL - 20 JUL)| ### | MINING | ########## | BUYING | | ### | | ########## | |
| ### | USD | ########## | BTC | | ### | | ########## | |
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BTC Bitcoin: A Peer-to-Peer Electronic Cash System BTC
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone. |
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Icologies
Full Member
Offline
Activity: 994
Merit: 100
SAPG Pre-Sale Live on Uniswap!
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July 21, 2019, 04:59:42 PM |
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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... 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. |
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novy
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July 21, 2019, 05:55:10 PM |
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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.
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