Altcoins: to Mine or to Buy? That is the Question

[uralcryptocoin]

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

Mining vs. Buying Challenge Started

Weekly reports and OP update soon...

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[xvids]

I don't have an experience on Mining but base on this forum most miner says that it isn't profitable nowadays,And I think it is true you would invest for the mining rig and also the electricity and internet bill to mine.
When you could just buy the crypto in the exchange,And it is true PoS crypto is a good one to invest for long term investment just make sure that it isn't going to be like the other shitcoin that would only be good at the start and would be worthless in the end.

[shakesbear]

Sometimes you can mine a coin that just started, and network difficulty is low, and it is not yet on exchange, I was lucky a few times, but the last time it was a year ago or even more. Most often I mined trash.

[uralcryptocoin]

Sometimes you can mine a coin that just started, and network difficulty is low, and it is not yet on exchange, I was lucky a few times, but the last time it was a year ago or even more. Most often I mined trash.

I can remember only few pojects that was profitable to mine than buying. And it was only at the very beginning of that projects. They was Zcash(ZEC) in the 1st month after start while the reward increased and Bitcore (BTX) two weeks after listing on Cryptopia
The most popular altcoin - Ethereum was should be bought and hold and nothing else

[umine]

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

I can't agree with you
Mining is one of the method of investment  diversification.
Cryptocoin price potentially can fall to zero but the hardware has a residual cost anyway

[semobo]

With the current price,mining is not going to be profitable so buying them with the money which has to be invested on the mining equipments is really a wise decision and you will make good profits once the price go bullish.

[uralcryptocoin]

With the current price,mining is not going to be profitable so buying them with the money which has to be invested on the mining equipments is really a wise decision and you will make good profits once the price go bullish.

I talk that not only at current prices buying coins is better choise. Even during pump of 2017 year buying cryptocurrency had given more profit than buying GPUs/ASICs

[milani]

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

I have never mined coins but as for people who mined most of them tell that it is not profitable, but not all. Some of people still do this and even use it like the resource of heating for their houses, but there are not so many people. I do not know about buying coins. It is also  the open question about the profit. It is really harder nowadays to earn very much every month on buying. May be for long term it is good idea, but for short-term not every coin gives high pluses.

[uralcryptocoin]

Some of people still do this and even use it like the resource of heating for their houses, but there are not so many people.

Exactly there are very few people who want and generally can do that. They are pure cryptoentusiasts. To make heating system with miners is really hard task. And unfortunatelly it is not economically justified because it is individual system not serial.

[Lanatsa]

Now I prefer holding coins, PoS mining and other methods without noisy and hot hardware

It depends on persons preference because not all people do have different mindset when it comes to mining or on how they do invest.
Even myself would much prefer to hold coins rather than on wasting my time or the hassleness on having those miners
operating and theres soo much heat and noise but there are people who do make such thing due to interest.

[Apened]

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

If you have a set up you can do both mining GPU's you can mine and invest that coins you mine to the other coins you like. In the other hand, mining GPU is noisy and you're right while there are some tokens or coins that offers supernodes which you may try by staking a required amount to be able to join in supernodes staking. Things you need to consider or find another options was still there. For me i don't like to mine not because it is noisy the other fact that it consumes electricity and i have no room for it to place in.

[gidaahmad]

Buying coins and holding them is certainly more profitable than mining. By directly buying coins from Minner, we can make more profits. I also never did PoS mining or anything like that, because that would take a little time. But back again to the need, because everyone has different needs.

[darkangel]

I made most money buying coins in 2018 than my friend did at mining. While I was buying coins, I wan much in control and only faced with uncertainty in market stability and I could make a drastic decision to salvage a trade situation unlike my friend who was facing more multiple harsh conditions mining

[coin-investor]

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

I also prefer buying coins than mining it, especially if the coin is dipping the cost of the electricity in our region is quite high and I don't want my to push the hardware of my computer, because I intend to use my computer for a longer period of time.

[Red-Apple]

PoW mining is less profitable than just buying coins ever.

that statement on its own is wrong because it depends on a lot of different factors.
for example your electricity cost is the biggest factor that can affect the profitability. someone with a cheap electricity will make a lot more profit from mining than someone with a higher one.
then it also involves your experience in the altcoin market, because a big part of mining altcoins is about choosing the right one at the right time and being able to dump it before it dumps and move on to another one. if you continue to mine and hold a shitcoin that is done pumping and continues to dump then obviously you lose money!

Now I prefer holding coins, PoS mining and other methods without noisy and hot hardware

the risks of PoS coins is a million times more than the risk of PoW coins.

[aioc]

My friends are mining GRIN but I am not.  I would rather buy the coins and stakes them (is available) in my wallet.  I find this easier.  Skip the hassles of buying & setting up the miner and I do not have the pressure to sell the coins to get back my capital.

There's indeed cost in running a miner to mine the coin, and it's not even preferable to mine in the bear market, and the pressure to sell it even at a lower price is quite depressing just to cover your expenses, those miners who mine even if the profit is very low are doing it for a hobby.

[kaya11]

Situation based on my side, I have free electricity so I'd go for mining rather than buying coins, sad truth I have no money to buy all the equipment needed. If only there are people who want to trust me and send their machines to me, I will mine for them, if there are people interest I will be open for negotiations.

[AnonBitCoiner]

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

Both mining and trading of altcoin had pros and cons. For mining , you need to start with a huge capital. But for trading, you don't want huge capital. You can start to trade with the minimum of 10$.Mining is a benefit one,if you are starting for long run. You have to pay for the electric bills in mining.So based on your budget, you can choose anyone among them.

[semobo]

With the current price,mining is not going to be profitable so buying them with the money which has to be invested on the mining equipments is really a wise decision and you will make good profits once the price go bullish.

I talk that not only at current prices buying coins is better choise. Even during pump of 2017 year buying cryptocurrency had given more profit than buying GPUs/ASICs

Even at the bumps it is better to buy when we are short term investor but investing on the miners is totally waste of time so either buy cryptos or just don't invest on it.'

But when the market is bullish and the price is enough to cover miner expenses then it is kay to invest because it feels like long term investment.

[traderethereum]

If I were him and I have money to start in crypto, I will learn more about mining and trading. And if I can find that trading will be a potential way for me to make a profit, then I will choose to trade. I know that mining the coin will needed electricity and I need to calculate how much I will pay in monthly.

To start mining, you need to have at least $1000 to buy the equipment and set the places, calculate the electricity fee, how much rewards you can get. All you want to know is available on the internet, and you only need to search with the right keyword. That is what I will do if I want to trade because searching for what we want, we cannot know the answer.

You already know what you need to choose.

Now I prefer holding coins, PoS mining and other methods without noisy and hot hardware