Bitcoin Forum
February 26, 2021, 10:42:25 PM *
News: Latest Bitcoin Core release: 0.21.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 [13]  All
  Print  
Author Topic: Altcoins: to Mine or to Buy? That is the Question  (Read 4358 times)
m.rifki
Member
**
Offline Offline

Activity: 397
Merit: 10

tozex.io


View Profile
July 29, 2019, 02:46:42 PM
 #241

It has been three years since I entered the crypto market. But sadly I have not had any experience of mining. People and my friends suggest me to mine bitcoin, Ethereum and other famous coins. But I do not have any knowledge about mining. So at this moment, I am very much satisfied with buying and trading coins.
it can be learned buddy. I see my friends also have mining tools. and I also followed it. I learned from those who have done mining and managed to get more assets. at first I was hesitant, but with limited capital maybe mining was also good besides trading.

► TOZEX ◄ ♦ Cryptoasset Financing Platform ♦ ► TOZEX ◄
───●✦●───●✦●───●✦●───●✦●───●✦●─[   Bounty Detective   ]─●✦●───●✦●───●✦●───●✦●───●✦●───
Website◂ | ▸Twitter◂ | ▸Medium◂ | ▸Telegram◂ | ▸Facebook◂ | ▸LinkedIn
1614379345
Hero Member
*
Offline Offline

Posts: 1614379345

View Profile Personal Message (Offline)

Ignore
1614379345
Reply with quote  #2

1614379345
Report to moderator
1614379345
Hero Member
*
Offline Offline

Posts: 1614379345

View Profile Personal Message (Offline)

Ignore
1614379345
Reply with quote  #2

1614379345
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1614379345
Hero Member
*
Offline Offline

Posts: 1614379345

View Profile Personal Message (Offline)

Ignore
1614379345
Reply with quote  #2

1614379345
Report to moderator
dotcoin.info
Sr. Member
****
Offline Offline

Activity: 504
Merit: 251


Digital Finacial Exchange


View Profile
August 02, 2019, 05:29:50 PM
 #242

mining has been not that much profitable as what I have heard from this forum. I have stopped mining like more than a year ago and have been doing trading ever since, and it is very much profitable for me plus without the hassle of mining and all, so personally, I would recommend that.

               ▄██▄               ▄████              ▀███████
               ████  ▄██▄       ▄█████▀               ▄██████
               ████  ▀██▀      ████▀                ▄██████▀█
               ████           ████▀               ▄██████▀
      ▄▄▄▄▄▄▄  ████   ▄▄   ▄▄▄████▄▄▄▄▄▄▄       ▄██████▀
   ▄███████████████  ████ ████████████████▄   ▄██████▀
 ▄███▀▀     ▀▀█████  ████  ▀▀▀████▀▀▀▀██████▄██████▀
▄███▀         ▀████  ████     ████     ▀█████████▀
████           ████  ████     ████       ▀▀███▀▀
████           ████  ████     ████       ▄█▄▄▄█▄
 ████         █████  ████     ████     ▄████▀████▄
  ▀████▄▄▄▄▄█████▀   ████     ████   ▄████▀   ▀████▄
    ▀▀████████▀▀     ▀██▀     ▀██▀   ▀██▀       ▀██▀
██▀
▐▌
▐║
▐║
▐▌
██▄
BTC World's First Fully Insured BTC
Cross Asset Trading Platform
▀██
▐▌
║▌
║▌
▐▌
▄██
█▀





█▄
◈ ──   SOCIAL MEDIA   ─── ◈
Facebook Twitter Instagram
LinkedIn  Telegram Discord
▀█
  █
  █
  █
  █
  █
▄█
rich93
Full Member
***
Offline Offline

Activity: 595
Merit: 101


Chromia - Relational Blockchain


View Profile WWW
August 02, 2019, 07:34:33 PM
 #243

If you mine, you should understand that the payback is very small and it will take a long time, but if you buy coins, the profit will be entirely up to you.

♠️ Facebook: http://facebook.com/ChromiaStudios                 ♥️ Webpage: http://chromiastudios.com
♦️ LinkedIn:  http://linkedin.com/company/chromiastudios      ♣️ Reddit: http://reddit.com/r/ChromiaStudios                     
♥️ Twitter:    https://twitter.com/teamchromia                        ♦️  Twitter: https://twitter.com/ChromaWay
************************************************************************************************
romecheo
Full Member
***
Offline Offline

Activity: 448
Merit: 101



View Profile
August 05, 2019, 10:50:31 AM
 #244

If you buy from top 20 cryptos last month, you may double or triple your earning now, if you wanted to earn profit quickly, you could buy cryptos of your choice, however, a stable but small profit, go for mining.

On mining, you have to invest in hardware, internet, space and time.

On buying, you only need you few of time and money. 

fvb
Member
**
Offline Offline

Activity: 681
Merit: 11


View Profile
August 05, 2019, 10:59:32 AM
Merited by ajqjjj (1)
 #245

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...

I can not say exactly about the prey, because I have no experience in this area.  But about the purchase of coins on the Delta Stock Exchange, I can say the following.  I bought cheap coins of two projects and made a good profit, though I had to wait.
xenomorphe1
Full Member
***
Offline Offline

Activity: 798
Merit: 103



View Profile
August 05, 2019, 11:03:10 AM
 #246

I have mine some altcoins. Mining is not profitable, except sometime if you succeed to mine at the very start of a coin. But price tends to fall after a certain time. So it is better to immediately sell your coin. Except if you really believe in the very long term of the coin. The cost of mining a coin is like paying the double price of a coin at the current market price. I don't think it is worth to mine any coin. I don't have any ASIC miner, maybe it is more profitable with a specialized hardware. But with a computer and GPU cards, it is not worth the investment as you have to pay your electricity bill and your hardware becomes old faster and can get burned.
Bitcoin Miners
Full Member
***
Offline Offline

Activity: 441
Merit: 100


Roobet


View Profile
August 06, 2019, 02:03:24 AM
 #247

I have mine some altcoins. Mining is not profitable, except sometime if you succeed to mine at the very start of a coin. But price tends to fall after a certain time. So it is better to immediately sell your coin. Except if you really believe in the very long term of the coin. The cost of mining a coin is like paying the double price of a coin at the current market price. I don't think it is worth to mine any coin. I don't have any ASIC miner, maybe it is more profitable with a specialized hardware. But with a computer and GPU cards, it is not worth the investment as you have to pay your electricity bill and your hardware becomes old faster and can get burned.
The explosion of mining industry in 2017 ended months ago, since the middle months of 2018. At current period, mining is surely unprofittable if you choose to mine altcoins, most of them. Especially if you choose to mine top altcoins, which have extremely high difficulties on their network, and their prices look like shit now. If you don't mine bitcoin, you should not think of altcoin mining now. Instead, using money to directly invest in altcoins now is better. You won't have to suffer uncomfortable feelings from heat emitted from mining rigs.  Wink

mohamadreza bagheri
Newbie
*
Offline Offline

Activity: 218
Merit: 0


View Profile
August 06, 2019, 06:11:20 AM
 #248

Buying coins and holding them is certainly more profitable than mining.
drumamat
Sr. Member
****
Offline Offline

Activity: 1162
Merit: 251


View Profile
August 06, 2019, 06:33:52 AM
 #249

It has been three years since I entered the crypto market. But sadly I have not had any experience of mining. People and my friends suggest me to mine bitcoin, Ethereum and other famous coins. But I do not have any knowledge about mining. So at this moment, I am very much satisfied with buying and trading coins.
There is no problem to learn more about him. For 3 years I am sure you could find all the information you need. I would love to do mining,especially since it is a guaranteed passive income,but the problem is that I do not have a suitable room for this.If you compare the more profitable to engage in mining or trading, then most likely I would advise you to do both of these. By synchronizing these 2 activities, you can increase your assets.
uralcryptocoin
Sr. Member
****
Offline Offline

Activity: 994
Merit: 285


SIGNATURE CREATION by uralcryptocoin


View Profile
August 06, 2019, 06:36:31 PM
 #250

Smiley I apologize for the delay of Weekly report  Smiley

Week #9 Report (28 JUL - 04 JUL)

###
MINING
##########
BUYING
###
##########

###
USD
##########
BTC
###
##########



  BTC     freebitcoin          
                                       ▄▄▄▄▄▄▄▄▄▄██████████████████▄▄▄▄▄▄
                         ▄▄▄▄▄▄▄████████████████▀▀▀▀    ▐▌           ▀▀▀▀▀▀██▄▄▄▄
          ▄▄▄▄▄▄▄█████████████████████████████                                ▀▀▀██▄▄▄
 ▄▄▄███████████████████████████████████████████▄▄▄▄      ▐▌                       ▄▄▄▄▀▀██▄▄▄
  ▀████████████████████████████████████████████████████████▄▄▄▄▄▄▄                ▀████▀  ▀▀▀███▄▄▄
   ▐██████████████▀▀▀ ▄▄▄▄ ▀▀▀██████████████████████████████████████████▄▄▄▄▄▄    ▄██    ▄▄▄▄███████████▄▄▄
    ████████████▀ ▄██████████▄▄ ▀██████████████████████████████████████████████████████████████▀▀▀▀▀▀▀▀▀███████▄▄▄
    ██████████▀ ▄████▌    ▀█████ ▀█████████████████████████████████████████████████████████▀ ▄▄███████▄▄ ▀█████████▄▄▄
▐█████████████ ███████▄   ██▀▀ ██▌▐██████████████████████████████████████████████████████ ▄██▀   ▀██▀▀▀█▄ ▀████████████▄▄
 ▀███████████ ▐██    ▀██▄██▀    ██ █████████████████████████████████████████████████████ ▄████    ██    ▀█ ▐██████████████▄▄
  ███████████ ██▌    ▄█▌ ▐█▄▄ ▄▄██▌▐████████████████████████████████████████████████████▌▐██▀▀▀██▄▄██    ▄██ ████████████████
   ▀█████████▌▐██████▀▀███▀▀▀█████  █████████████████████████████████████████████████████▌    ▐█  ████████ ██████████████▀
      ▀▀▀█████ ████     █▌    ███▌ ▐█████████████████████████████████████████████████████ ▐██▄▄▄██▀▀██    ▀█▌ ██████████████
                ▀██    ▄██▄   ▄█▌ ▄██████████████████████████████████████████████████████▌ ▀████▀   ▐█▄   ▄█ ▐██████████████
                  ▀██▄██████▄█▀                                        ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   ███▄    █████▀  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
                     ▀▀▀▀▀▀▀                                                                    ▀▀█████▀▀
          BTC
motun01
Member
**
Offline Offline

Activity: 347
Merit: 18

SAPG Pre-Sale Live on Uniswap!


View Profile
August 06, 2019, 08:07:32 PM
 #251

the multifaceted nature of mining has expanded ordinarily in that year.
As I would see it, it is smarter to pick a few altcoins and simply put resources into them on a long haul premise and trust you will get substantially more benefit than with mining in light of the fact that so as to earn substantial sums of money on mining need to put well in hardware.

confreslamp
Copper Member
Jr. Member
*
Offline Offline

Activity: 280
Merit: 1

CINEMADROM ⥋ BLOCKCHAIN FILM PLATFORM


View Profile
August 07, 2019, 11:21:39 AM
 #252

When the price will get back to ATHs, it would be profitable to mine, but right now, the difficulty is too high and the prices are low. So I do not see the point of mining altcoins, when you can just invest in them and take profit anyway.

novy
Full Member
***
Offline Offline

Activity: 728
Merit: 110



View Profile WWW
August 13, 2019, 06:43:01 PM
 #253

Actually there is another option called staking. You can get profits from staking altcoins, no need to spend money for electricity. Simple, but more efficient.

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 [13]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!