why i prefer mining and investing in ICO/IEO

[pelumi20]

Mining is actually a good way to make money from cryptocurrency and it is also profitable too and is not very vulnerable to scams like investing in IEOs and ICOs

But the thing is it is only done by a few percentage of the whole crypto market and not everybody has the knowledge of mining.

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[kindbtc]

You are right that mining is more legit and real business but nowadays things are not easy to generate profit from mining either this is because of increasing equipment costs, increasing electricity price plus mining factors that influence the efficiency of the mining rig, then comes the price of eth and difficulty of mining and lastly the greatest threat to eth miners that eth will be moving to pos from pow so that eth can no longer be mined, so things are not as simple as you have stated.

[dfktynby1004]

You are probably one of the few miners who can still earn this way. I wonder what power you have? And how much do you pay for electricity? Is your farm in rented premises or do you keep it at home? If at home then how do you fight a very high temperature in the room?

[gundala]

True, what the OP explained was the advantage of mining. On the other hand, mining requires substantial capital, maintenance costs, electricity and internet bills, and other costs. For those who lack experience and knowledge about mining like me, it's quite difficult. Moreover, the capital is quite large. To overcome that, cloud mining is present, I think this is quite effective.
Personally, I prefer a way that suits my abilities and passion, one of which is trading, joining bounty, and joining the trading competition.

[Ranly123]

Reasons why i prefer mining coins than investing a dime on IEO/ICO projects
1. My profits is assured.
I dont have to wait for a project to do x3 or whatsoever to get profits on my invested cash,with better mining rigs and good calculator you will know when your ROI will come.

2. No worries of getting scammed
I dont have to investigate an exchange before investing or wasting time doing research on projects before investing,all i do is mine ETH and sell for fiat or decides to hold for a little while.

Mining really is a good option than ICO/IEO only if you have the resources to run a mining farm. It would consume large amount of power and a powerful rig is needed to cater the data processing faster.

[chanler]

If mining, requires tools that I do not know how.

Indeed. Not only requires tools, but it also needs some money for electricity funds. However, I also don't know whether mining this coin only needs lower funds or using the application. Probably, we have to learn more about it. For, sometimes, every project has its own mechanism of mining.

[necromastery]

Mining really is a good option than ICO/IEO only if you have the resources to run a mining farm. It would consume large amount of power and a powerful rig is needed to cater the data processing faster.

It will need someone who has a high economy, would make sense if the rich will become more rich after that. Mining with sufficient funds, will only get losses, so money in the pocket is a solution to patch it.

[maxreish]

I must tell you the true scenario of my friend in mining some coins. He bought mining rigs and he thought that mining a particular coin will give him huge profits. At first, since that coin was new released, it give him high returns. But now, he is dripping down. Why? The cost of electricity is so high, he pay the bills, internet, maintenance. And, the coin he's mining drop down to almost no value and that give him no profits at all. It ate up all his efforts and time but at the end he gave up mining and concentrate only in trading.

Anyhow, since maybe mining for you gives you enough benefits. Good for you, OP. Maybe you did the right way of mining and you did choose the right altcoin to mine.

[aji567]

Reasons why i prefer mining coins than investing a dime on IEO/ICO projects
1. My profits is assured.
I dont have to wait for a project to do x3 or whatsoever to get profits on my invested cash,with better mining rigs and good calculator you will know when your ROI will come.

2. No worries of getting scammed
I dont have to investigate an exchange before investing or wasting time doing research on projects before investing,all i do is mine ETH and sell for fiat or decides to hold for a little while.

mining requires a lot of adequate tools and there is a need for large capital to be able to produce real. I'm more interested in becoming a bounty hunter and also in altcoin trading. Bounty Hunter is now my passion for the past 1 year.

[Rikotin]

in this case you are taking the main door, as you say that you are mining ethereum while many ICO / IEO projects use the erc20 platform, so you are in the main line and don't have to bother hunting down erc20 / eth tokens through the ico / ieo project.

[jyotianand01]

Mining required a good hardware with a strong system and it is not guaranteed that mining will give big profits as profit depends on lot of factors. Mining required a big investment and knowledge to start. I prefer IEO on mining.

[timmmers]

Your profits are assured? For how long you are in the market?
ICOs and IEOs are the most risky ways how to cumulate more ETHs and BTCs. Also mining is not profitable when price is falling. So lets start think about a new strategy. 

[digitalblock]

You are a very good miner if you get in today's market and the capacity to profit from mining. Yes your idea is a very good way of earning but few of us will be able to bring this method to life. This is due to the fact that electricity is very expensive and there are huge corporations who have very powerful equipment. So personally, I can't recoup my investment.

[Oilacris]

Reasons why i prefer mining coins than investing a dime on IEO/ICO projects
1. My profits is assured.
I dont have to wait for a project to do x3 or whatsoever to get profits on my invested cash,with better mining rigs and good calculator you will know when your ROI will come.

2. No worries of getting scammed
I dont have to investigate an exchange before investing or wasting time doing research on projects before investing,all i do is mine ETH and sell for fiat or decides to hold for a little while.

You have some nice perception on there mate but we cant really deny that there are people who do like to have that fast profits on a short period of time without the need on waiting up for how many months or years before they can make money out of their investment.

Knowing that IEO coins can possibly give out profits on a short span and that's what majority would like and prefer on than on a costly mining set-up just earning a small but somehow those point you had said is actually valid.

[prehisto]

It would be very interesting to know what exactly you are mining, I suppose you are talking about some alts which can be mined by video cards still?

The negative side is that you need the investment first and only  then you will start to get ROI slowly , not to mention needing the know how.

[altcoinhunter01]

I prefer investing in IEO rather than mining because if you want a good earning from the mining then it requires huge investment ad it is not guaranteed that we get profits from mining because there are many other expenses like electricity bills.

[shoreno]

I prefer investing in IEO rather than mining because if you want a good earning from the mining then it requires huge investment ad it is not guaranteed that we get profits from mining because there are many other expenses like electricity bills.

mining rigs are costy but if the electrill bills on your country is not expensive , you can easily recover your roi in no time  . you can earn passive lifetime income from mining but of course not all countries have blessed with low electric bills  . most developing countries do known to have expensive electric charges  . this is why some will only prefer investing on cryptos or investing on ieo/ico  because they are more less costy and still profitable at the moment

[Dilladupak]

yes from the very beginning I entered crypto I first learned to understand good ways and produce crypto I did mining, and some I also invested in ICO projects, because for me it was also a good way for me to generate profits in the long run. because the project that I invested also has a long future

[3core]

Reasons why i prefer mining coins than investing a dime on IEO/ICO projects
1. My profits is assured.
I dont have to wait for a project to do x3 or whatsoever to get profits on my invested cash,with better mining rigs and good calculator you will know when your ROI will come.

2. No worries of getting scammed
I dont have to investigate an exchange before investing or wasting time doing research on projects before investing,all i do is mine ETH and sell for fiat or decides to hold for a little while.

I understand the logic behind your decision and it's well thought about. I read about mining not being as profitable as it used to be, especially if you live in country where the cost of power supply is high, mining maybe at loss, what do you say about this ?

[TwSeventh]

I understand the logic behind your decision and it's well thought about. I read about mining not being as profitable as it used to be, especially if you live in country where the cost of power supply is high, mining maybe at loss, what do you say about this ?

Mining is no longer profitable if you are mining a high end cryptocurrency such as Bitcoin, Ethereum and top 10 cryptocurrencies. But if know and smart enough to figure out a potential newborn project, I think it is not impossible to get a huge profit from the mining. Just like what we were seeing when RVN came up last year.