PuertoLibre
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June 02, 2019, 12:57:42 AM |
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Mining is no more cost-effective if you don't enough equipment for this purpose. Using capital power and compound interest making a profit with altcoin trading is easier if you know what you are doing. Arbitrage trading bots are lucrative if you can adjust the right settings for each exchange.
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freedomgo
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June 02, 2019, 02:23:45 AM |
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Buying it would be simple, and you are doing it with a good timing now is the market of the altcoins is not yet fully bullish, you can still buy at a cheap price.
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Burogh
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COVIR.IO
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June 02, 2019, 03:14:29 AM |
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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
Buying and build miner equipment need money at first and i think both are profitable. If we want to mining PoW altcoin, i think its depend on electricity cost and altcoin price. But for mining, i think its better to mine bitcoin because its main cryptocurrency in market |
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Serco
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June 02, 2019, 03:26:04 AM |
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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
Buying and build miner equipment need money at first and i think both are profitable. If we want to mining PoW altcoin, i think its depend on electricity cost and altcoin price. But for mining, i think its better to mine bitcoin because its main cryptocurrency in market mining bitcoin has certainity about its price in future.maybe at this time we could not earn profits, but i am sure when bitcoin halving happen everything changed.our loss in mining could be profits when bitcoin price reach $100k. |
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fosco333
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June 02, 2019, 03:43:59 PM |
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I guess mining with mining rig will need more time to get the ROI (Return of investment) due the market price.
In 2017, mining was profitable because the price of crypto was very high.
In other hand, mining coin with staking method is a good option to gain ROI. But there are many scam PoS & MN coins so we need to careful.
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uralcryptocoin (OP)
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SIGNATURE CREATION by uralcryptocoin
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June 02, 2019, 06:50:24 PM |
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I guess mining with mining rig will need more time to get the ROI (Return of investment) due the market price.
In 2017, mining was profitable because the price of crypto was very high.
In other hand, mining coin with staking method is a good option to gain ROI. But there are many scam PoS & MN coins so we need to careful.
The same can be said about buying and holding in 2017. Now I will analize current situation and will make a descision at first for myself what investment model is better. Maybe some combination of mining and holding will be optimal |
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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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Mike Mayor
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June 02, 2019, 08:34:12 PM |
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I have also asked myself this. If you interested in a currency you can just buy it. THough I found myself mining some new currencies and may not have bought them if I was not mining since I didn't have to do anything to mine and I was getting some work out of my rig. In cases like this, it is best to mine. Any opportunity you get to mine you should take. It could also pay off. YOu say but why not just buy more coins? Well sometimes you should. I think when you mine you feel more like you investing for free (the cost of electricity) then investing money into it. At least that is how it was for me.
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Adriano2010
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June 03, 2019, 06:43:19 PM |
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For some people mining is still not profitable because of the price of electricity and they can't make a profit and have to pay from own pocket. uralcryptocoin where you are (Europe, Asia, USA, Africa) ? I ask because of the electricity price. Good luck further, i wish all the best.
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uralcryptocoin (OP)
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SIGNATURE CREATION by uralcryptocoin
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June 03, 2019, 07:39:32 PM |
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For some people mining is still not profitable because of the price of electricity and they can't make a profit and have to pay from own pocket. uralcryptocoin where you are (Europe, Asia, USA, Africa) ? I ask because of the electricity price. Good luck further, i wish all the best.
My electricity price is about 0.05$ kWh now. It's test\experimental rig. Unfortunatelly I can't run more rigs at this price. But if I place my rig to datacenter my operating costs will be calculated from electricity price of 0.12$ per kWh Also other charges should take into account: hardware amortization (the total cost of the equipment decrease in time), time for maintenance time and unplanned downtime |
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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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jackblacksparrow
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Erotic Industry on the Blockchain! RachelX
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June 03, 2019, 07:41:16 PM |
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I think that now it is more affordable and more convenient to buy because mining is very difficult. At the moment, because of expensive Electricity and equipment, you can always buy and sell it.
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harsi123
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June 03, 2019, 08:07:27 PM |
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I think that few people are engaged in mining now. And if you are busy with large sizes, no one uses it nowadays to trade and get very good profits and not bother with equipment and farms.
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salty
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June 03, 2019, 08:55:23 PM |
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I think the answer is obvious.If in the place where you live electricity is cheap,then mining is profitable.But also it will not be superfluous to buy altcoins.A diversified portfolio is the key to a successful future.
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hognesaul
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June 03, 2019, 09:55:24 PM |
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From my point of view, much depends on particular mining equipment and the market we are talking about. Cause costs on electricity differ from country to country, for example
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buzcarn
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June 03, 2019, 09:56:21 PM |
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From my point of view, much depends on particular mining equipment and the market we are talking about. Cause costs on electricity differ from country to country, for example
This is absolutely true and I fully agree with you in here. And talking about the equipment, are there many advanced solutions these days? Let's say, we are talking about the US market |
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hognesaul
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June 03, 2019, 09:57:38 PM |
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This is absolutely true and I fully agree with you in here. And talking about the equipment, are there many advanced solutions these days? Let's say, we are talking about the US market
Well, I am not a huge expert, however aware of 1 advanced company that operated in the US. I believe you must have heard of it. Called Asicequipment. And they are widely discussed these days |
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buzcarn
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June 03, 2019, 09:58:32 PM |
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Well, I am not a huge expert, however aware of 1 advanced company that operated in the US. I believe you must have heard of it. Called Asicequipment. And they are widely discussed these days
Hmm, sounds pretty familiar, but cannot remember for sure. Can you tell me more about the products they are having, about the experience etc. |
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hognesaul
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June 03, 2019, 09:59:58 PM |
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Hmm, sounds pretty familiar, but cannot remember for sure. Can you tell me more about the products they are having, about the experience etc.
Well, the guys are rather popular in the US as they used to mine on their own for a pretty long time, having own farm in California and now selling pretty advanced devices. Shipping all over the US, having HQ and own service centers in New York, having special discounts. So the company looks pretty bold, from my point of view. And they are having discounts from 10 pieces, if I am not mistaken. But better to clarify with a personal manager. As for products, I recommend you to visit their website asicequipment. com for more  |
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buzcarn
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June 03, 2019, 10:00:44 PM |
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Well, the guys are rather popular in the US as they used to mine on their own for a pretty long time, having own farm in California and now selling pretty advanced devices. Shipping all over the US, having HQ and own service centers in New York, having special discounts. So the company looks pretty bold, from my point of view. And they are having discounts from 10 pieces, if I am not mistaken. But better to clarify with a personal manager. As for products, I recommend you to visit their website asicequipment. com for more Sounds attractive so far, will explore more on my own and get back with own thoughts. Thanks a lot for recommendation |
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Xalata
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June 03, 2019, 11:12:35 PM |
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Mining sounds like a long term investment to me where you will take a long time before you are able to make returns. But trading can give you short term profit, if the coin rises higher than the amount you bought it.
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Nasonn
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June 03, 2019, 11:21:00 PM |
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Mining is no longer as profitable as it used to be, but you can invest in altcoins like Ethereum, litecoin, EOS, NEO, ADA, XLM, XRP and some others. These are solid projects which can last the test of time.
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