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

[shirackjs]

I prefer to buy coins than to mine, this is because my electricity cost is not low and I can’t break even. Another reason is because it is more straight forward to buy rather than mining for a period of time.

[eaLiTy]

Analized my experience in cryptocurrency since 2014 year I made a conclusion that PoW mining is less profitable than just buying coins ever. With
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

Glad to hear that you came to an conclusion after 5 years in the market that mining is not an profitable business if you are not having the bank roll to invest heavily in the hardware and other expenses  . Unless you have a big pocket and the determination and vision on how to tackle the ever changing and competitive mining industry it is better to invest directly in the coin, less headache and reap the profit according to the market situation.

[JuggSlash]

I dont think of every altcoins is really have to be bought or to mined since all of them are not worth to be taked.

[Apes]

consider electricity cost, investment in hardware and internet networks. I would prefer to buy coins, I think that's a very suitable decision for investment in a short time. mining now is not as profitable as it used to be, because the value I get is not enough to cover operational and maintenance costs for now.

[Adriano2010]

I will choose to buy, because last year i bought mining equipment and is not worth to mine, because i lose money  because electricity price is too high, and not worth mining anymore. Maybe worth mining only if you can buy solar panel and produce own electricity, but also on this case will take a lot of time to recover investments if the price not grow.

[niteroy]

PoW mining is really a costly way to get new coins, and if the cost is lower than the electricity bill, then it’s better for the money you spend on electricity to buy coins and store them. I also prefer PoS mining and when I have money I try to increase the volume of coins that are stored in my wallet.

[crzybilly]

I wanted to mine coins, but after I have calculated everything, it was easier to buy them and to wait for the price increase, because mining is unprofitable or brings you 0 percent. When we will see better prices, I will switch to mining, but right now it is better to buy them.

[fortunecrypto]

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 prefer buying and holding tokens, it's not that it's complicated because of lack of time maintaining a mining rig, you have to keep your mining rig full attention in case there is a power failure or to check if the coin continues  to mine, not for a busy like me.

[BurstBurst]

It is a good resource for mining especially if the market is high but today it is very difficult to mining especially the market is down so it's a huge loss especially when it comes to mining the altcoins in the last year's market as the market does not break down and high bitcoin so it's not affected but right now because the bitcoin's price has fallen by no mining users and they are waiting for the market and bitcoin to start mining again but many emerging mining projects do not have the market situation but the distribution the token is locked first so the price is not particularly falling in dumpers bounty hunters.

[steveabrahams]

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 kinda agree with that, i also prefer holding coins and PoS mining and masternodes than real mining rig using hardware etc. For me who are lazy and don't want to maintenance things like that, i hate that thing. Also with real hardware, you need to calculate first to get a maximum profit.

[Dasha88fed]

If you have cheap electricity and already have the necessary equipment, then you can engage in mining and receive new coins, but now PoW mining brings very little profit and I do not consider it expedient. Perhaps you need to wait until the prices of most coins start to rise and PoW mining will become more profitable than it is now.

[sadmaster]

In my opinion, I would rather spend money for equipment than just buying coins waiting for it to grow. Even though the market is not as large as it was before, there are still a lot of options for you to mine. Just try to find the one which is profitable in the sense that it's not that hard to mine. There a lot of information on whattomine.com for infos and tips what crypto currency to mine. Try looking to Azart it's a mine able  coin and it's already listed on couple of exchanges and can be seen on coinmarketcap

[Clark05]

Mining is really hard because you can possible to lose your capital if you do not know of what you are doing. It depends to you where are you feeling comfortable to do.  Because other people must prepared to mine altcoins because they have lot's of knowledge but other people really do not how to mine so they will be able for them to buy only a coins and not mine and also I do that.

[greenclub09]

there are may altcoins nowadays and not any altcoins have potential for us to use our money in mining that altcoin because mining is not cheap, we need Pc hardwares and electric to run a mining farm, if the token we have mine bring us low profit or no profit at all, then we should not mine, rightnow, bitcoin and ethereum is one of the most popular crypto can be mined and still bring us profit, and with other altcoins we should buy.

[uralcryptocoin]

I will choose to buy, because last year i bought mining equipment and is not worth to mine, because i lose money  because electricity price is too high, and not worth mining anymore. Maybe worth mining only if you can buy solar panel and produce own electricity, but also on this case will take a lot of time to recover investments if the price not grow.

Solar planes is too expensive. The investment to that eneregy source will increase payback time dramatically. And It is too few sunny days in my place. But I've enough cheap electricity about 0.05-0.06$ per kWh.
And now I really have to mine coins. Exactly have to. Because I already have mining hardware and can't sell it. Recently I tried to sell some GPUs and it's really hard to do that. The market of used GPUs is supersaturated.
So I have only two ways: to sell my GPUs very cheap or to continue mining and wait price growth

[BitFinnese]

In my part, I would prefer to buy altcoin than mining.  Had tried mining, though it is somehow profitable, buying and trading altcoins do too plus less maintenance, room heat, and noise. It also saves us from the trouble of building or setting up rigs for mining.

[uralcryptocoin]

In my part, I would prefer to buy altcoin than mining.  Had tried mining, though it is somehow profitable, buying and trading altcoins do too plus less maintenance, room heat, and noise. It also saves us from the trouble of building or setting up rigs for mining.

Setting up and maintaining mining rigs is not fast and easy process. For maintaining you need special tools like air compressor to remove dust from radiators also you need respirator to protect your own respiratory system.
Most of beginners in mining don't think about it.

[kristensoto]

it is easier to buy altcoins than mining, because mining is expensive we will have to take about the energy and PC hardwares price and will cost us a huge money before having profit from mining and the token we mine can not guarantee we will have profit in the future, so i think anyone dont have much money should buy Alrcoins.

[anjho.ace]

To mine will give you something to maintain.
Also, you need to consider the expenses! how much you will spend for the unit, you need to keep it cool so you need some air for it.
Is the power cost on your country cheap or not? If this will not be good for you then just use the money to buy and trade in the market.

[Duzter]

In this present market situation it is good to buy, because what you spend on setting up a miner is big. With the same amount you can make a big investment on different altcoins creating a strong portfolio. This will give a big growth on the investment based on the analysis you made on selecting the appropriate altcoin for investing.