Brorasael17
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 24, 2021, 02:19:04 AM |
|
actually mining is not necessarily profitable. First, the capital to buy a computer is expensive and the cost of electricity is large. I myself have never thought about mining, it's better to buy directly coins that we think are good.
|
|
|
|
Xinarae*
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 24, 2021, 03:53:53 AM |
|
In mining vs holding I think holding is more profitable the risk in holding is much less when researching the market it is right to choose the right currency. mining have to do something to create bitcoin mining are the lifeblood of the bitcoin network. The transactions that we do in bitcoin are stored in the blockchain in the form of ledgers this is why it is more profitable than mining.
|
|
|
|
dansus021
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 24, 2021, 04:45:37 AM |
|
mining vs hodling have its own risk but in my opinion i would rather choose mining ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) yes mining maybe become unprofitable but you can rent it to nicehash and miningrigrental with your own price but hodling it also good when defi crazy pump there is a lot bitcoin staking out there ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
Obito
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 24, 2021, 04:56:28 AM |
|
Mining is much more profitable compared to just hodling because you don't get that many benefits from hodling besides not losing your bitcoins because you don't spend it unlike mining where you can generate the bitcoins and at the same time hodl if you can curtail the cost for mining.
|
|
|
|
temple
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 24, 2021, 06:59:13 AM |
|
In almost all instances investing for the average person would be more worthwhile unless you can fill a warehouse full of miners with cheap electricity and then you would be earning a lot more over the long run. The thing is with investing it bares a lot of risks and you have to time it correctly with mining its generated passive income all the time.
Well, even if you had the opportunity to fill a warehouse and also have cheap electricity prices, the actual bottle neck will still be whether or not you can get your hands on a certain number of miners. The companies developing that stuff are also mining companies themselves. If they have cutting edge technology, they use it first and sell it to the retail market when they are 90% through with developing the next generation miner that's outcompeting the predecessor. Correct, it would not make sense for them to sell that technology without using them for themselves, so when you are faced with the kind of competition unless you are an expert on the topic and you have access to dirt cheap electricity then it is better to skip all of those additional steps to get bitcoin and just buy it and hold it, which is hard enough as it is for most newbies and there is no point to adding so much complexity right off the bat. What I would like to add though is that if you are interested in mining as a hobby because you want to understand how it works and what is actually happening behind the scenes, building a rig and mining some small cryptocurrency can't hurt. It's a nice learning curve to put that stuff together and make it work. It does certainly feel great if some blocks roll in! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
|
|
|
|
vania vin
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 481
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 24, 2021, 07:01:41 AM |
|
Mining is much more profitable compared to just hodling because you don't get that many benefits from hodling besides not losing your bitcoins because you don't spend it unlike mining where you can generate the bitcoins and at the same time hodl if you can curtail the cost for mining.
mining and holding are both profitable. You are interested in good miners, but there are also many who hold and get profits many times over, what I mean here is that each of them has expertise, so take advantage of these skills and don't underestimate the skills of others.
|
|
|
|
krky
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 178
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 24, 2021, 07:53:49 AM |
|
Do you think mining is kinda tied to btc? Because back when btc was struggling, people mining were barely making profits after deducting the electricity.
Also, normally do miners hold the earnings in btc or they sell out for fiat immediately?
|
|
|
|
19Nov16
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 24, 2021, 03:31:19 PM |
|
Mining is much more profitable compared to just hodling because you don't get that many benefits from hodling besides not losing your bitcoins because you don't spend it unlike mining where you can generate the bitcoins and at the same time hodl if you can curtail the cost for mining.
Right, for now mining is very profitable than holding, I regret selling 5 units of Antminer S9 in 2018, if I was still mining of course I would get a lot of profit with bitcoin prices now.
|
|
|
|
AverageGlabella
Legendary
Offline
Activity: 1232
Merit: 1080
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 24, 2021, 04:23:35 PM |
|
Holding for the long term will always be better than mining because with mining you need to think about maintenance and reinvesting when the miners are no longer suitable. If you bought a lot of GPUS like 6 years ago thinking you would be able to mine with them forever then you would have need to reinvest once the difficulty got to high and as technology progresses mining equipment is only going to get better and the difficulty should rise in the long run. Holding is the better choice.
|
|
|
|
Saidasun
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 24, 2021, 05:43:37 PM |
|
Do you think mining is kinda tied to btc? Because back when btc was struggling, people mining were barely making profits after deducting the electricity.
Also, normally do miners hold the earnings in btc or they sell out for fiat immediately?
Some miners will pay in fiat currencies but I think most miners are die hard Bitcoin fans and are probably holding onto the Bitcoin for the long term. Some of them will be transferring their Bitcoins into new equipment and maintenance.
|
|
|
|
Hamphser
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 2590
Merit: 337
Vave.com - Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 24, 2021, 08:04:34 PM |
|
Do you think mining is kinda tied to btc? Because back when btc was struggling, people mining were barely making profits after deducting the electricity.
Also, normally do miners hold the earnings in btc or they sell out for fiat immediately?
Some miners will pay in fiat currencies but I think most miners are die hard Bitcoin fans and are probably holding onto the Bitcoin for the long term. Some of them will be transferring their Bitcoins into new equipment and maintenance. Normal thing because bitcoin isnt accepted anywhere and miners arent exempted for them to cash out or convert out their coins for personal use or for their business maintenance and some sort. Its out of our business honestly since its their investment and any profit that they do get will really be depending on how they would use it neither they do hold or spending up actively or converted on fiat. They might be bitcoin supporters and could possibly hodlers too but there would be some personal reasoning on how they would be using up their coins.
|
|
|
|
temple
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 26, 2021, 09:10:35 AM |
|
Do you think mining is kinda tied to btc? Because back when btc was struggling, people mining were barely making profits after deducting the electricity.
Also, normally do miners hold the earnings in btc or they sell out for fiat immediately?
Some miners will pay in fiat currencies but I think most miners are die hard Bitcoin fans and are probably holding onto the Bitcoin for the long term. Some of them will be transferring their Bitcoins into new equipment and maintenance. Normal thing because bitcoin isnt accepted anywhere and miners arent exempted for them to cash out or convert out their coins for personal use or for their business maintenance and some sort. Its out of our business honestly since its their investment and any profit that they do get will really be depending on how they would use it neither they do hold or spending up actively or converted on fiat. They might be bitcoin supporters and could possibly hodlers too but there would be some personal reasoning on how they would be using up their coins. Hm I would rather say that those who mine Bitcoin aren't only fans but the majority are real business people. It is not like most miners are dudes in their basements with one miner running just for fun. Mining is mostly being done at industrial scales. I guess those mining companies do have financial management that includes converting into fiat in order to cover operating costs. Whatever the profit beyond that I would guess they keep it in BTC.
|
|
|
|
amihada
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1176
Merit: 100
Next Generation Web3 Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 26, 2021, 02:44:19 PM |
|
actually mining is not necessarily profitable. First, the capital to buy a computer is expensive and the cost of electricity is large. I myself have never thought about mining, it's better to buy directly coins that we think are good.
it's true that miners need big capital to buy machines and electricity costs, but holding can buy coins with small capital and hold it for a long time like buying eth coins even if you don't have capital buying 1 eth can buy 0.5 eth so I think holding is simpler from miners.
|
|
|
|
xiboothrezi
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 26, 2021, 10:27:11 PM |
|
actually mining is not necessarily profitable. First, the capital to buy a computer is expensive and the cost of electricity is large. I myself have never thought about mining, it's better to buy directly coins that we think are good.
it's true that miners need big capital to buy machines and electricity costs, but holding can buy coins with small capital and hold it for a long time like buying eth coins even if you don't have capital buying 1 eth can buy 0.5 eth so I think holding is simpler from miners. so this will return to the personality of each. everyone has different abilities and interests. so it cannot be compared directly, which is better between mining and holding, because it is very objective and both have their own advantages and disadvantages. well, direct mining does require capital to buy mining equipment and maintenance and operational costs, those who can tolerate this will definitely enjoy doing it, because they have a great opportunity to mine any crypto according to the spec. For those who understand the strategy, it will definitely be worth it, while for those who don't master mining-related matters and don't have capital like me, it will definitely be very difficult to run. but don't worry, the crypto ecosystem is constantly evolving and offering more and more options. one of which is quite popular today is liquidity mining or better known as farming. that way we can enjoy services such as mining by adding network liquidity, please browse for more technical details. this is an effective way to get passive income, provided you manage to choose a potential project ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
Hippocrypto
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 26, 2021, 11:19:58 PM |
|
Investment on mining has no assurance because of equipment price that's rising, well basically that's the trend nowadays which competes with other gpu brands. I would advice to those who has not yet ventured in mining, to undergo for trading at least smaller amount as a good start. Holding bitcoin or ethereum can be profitable even if market is volatile, in a sense that market value goes up and down. But, someday you'll be earning sustainable profit when there's a market halving and trending increase.
|
|
|
|
ninabobo
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 26, 2021, 11:32:21 PM |
|
Without getting much to say we all know mining isn't an easy task, the cost for mining is much and requires energy, so for any average individual it would be better to wait for a market crash or a big dip then invest the capital and save your self much cost and stress, investing make things easier, just hold for a long time till price increases then you can start taking your profits.
|
|
|
|
Rajamuda
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 27, 2021, 01:20:41 AM |
|
Without getting much to say we all know mining isn't an easy task, the cost for mining is much and requires energy, so for any average individual it would be better to wait for a market crash or a big dip then invest the capital and save your self much cost and stress, investing make things easier, just hold for a long time till price increases then you can start taking your profits.
Basically, if we have more capital and enough insight into mining, it's still very feasible to do, and if both are done.. it's certainly very encouraging for income, but here is the condition of us talking. But if you compare it.. yes of course most people choose to invest because it's easier to do, just requires patience and consistency.
|
|
|
|
bitzizzix
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 27, 2021, 01:51:19 AM |
|
Without getting much to say we all know mining isn't an easy task, the cost for mining is much and requires energy, so for any average individual it would be better to wait for a market crash or a big dip then invest the capital and save your self much cost and stress, investing make things easier, just hold for a long time till price increases then you can start taking your profits.
Basically, if we have more capital and enough insight into mining, it's still very feasible to do, and if both are done.. it's certainly very encouraging for income, but here is the condition of us talking. But if you compare it.. yes of course most people choose to invest because it's easier to do, just requires patience and consistency. Mining in addition to requiring very large capital and must have skills and also mine with a series of software and computer algorithms to complete it, besides that the returns are small and the capital is large to finance technology and mining time is also time consuming. I think investing or buying is a very simple and uncomplicated choice and also relaxed in doing it, and in return it is more promising than mining and but it all depends on individual skills and if like technology will definitely choose to mine and invest or buy is neutral most importantly have good knowledge and understanding.
|
|
|
|
Lubang Bawah
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 27, 2021, 06:09:05 AM |
|
These are two things that are very difficult for us to separate whether you choose to hold or mine, but for me I would prefer to be patient to hold bitcoin for a long time, because it is very reasonable for us to do considering the crypto world is a long-term investment. long and if you have extra patience in doing business this will be a very profitable thing for us to do in the world of cryptocurrency, in that way maybe we will get a little profit in mining
Exactly, mining is currently very difficult because the competition in the pool is very tight, it takes very high specifications to profit in mining, the easiest thing to profit in my opinion is buy and hold, I have proven that holding for the long term is the best strategy for profit.
|
|
████▄██████████▄ ███▄████████████ ▄███▀ ████ ████ ████ ▀███▄ ███▀████████████ ████▀██████████▀ |
▄██████████▄ ████████████ ███████████▀███▄ ████████████████ ████████████████ ████████████████ ▀███▄███████████ ████████████████ ████▀██████████▀ |
▄██▄█████████▄██▄ ▀████▄█████▄████▀ ▀████▄█▄████▀ ███████████ ▄████▀█████▀████▄ █████████████████ █████████████████ █████████████████ ▀███████████████▀
|
▄███████████████▄ █████████████████ ████▀███▀██████▀ ███████▄█████▀ ████▄▄██████████▄ █▀▀██████▀███████ █▄██████▄███▄████ █████▀███████████ ▀██▀███▀████████▀ |
████▄███████████ ████████████████ ▄███▀███████████ ████████████████ ████████████████ ████████████████ ███████████▄███▀ ████████████ ▀██████████▀ | | | | ████████ ██ ██ ██ ██ ██ ██ ██ ██ | |
██ ██ ██ ██ ██ ██ ██ ██ ████████
| | | . [ [ [ | | . ] ] ] | | | | . Listed on
| | BINANCE KUCOIN Gate.io | | |
|
|
|
JerryKin
Jr. Member
Offline
Activity: 48
Merit: 2
The Standard Protocol - Solving Inflation
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 27, 2021, 07:02:23 AM |
|
Everyone would readily go for holding the coins, it's less stressful and compared to mining there are no evading risks, all you have to do is hold for a while and let the coin gain value then sell at a preferred price. Unlike mining that is more rigorous, you have to get high tech computers that can solve difficult puzzles, maintain the facilities, among the many other things you have huge bills to pay.
mining plays a vital role in ensuring there is a continuous flow in the market and it comes with it's profits especially to investors that have enough capitals and are able to make wise decisions. Imagine you have the opportunity to mine coins yourself in times when the prices of the coin spikes up instead of using your funds to buy. Just a few mined coins would do 😄
|
══════════════☛MegaBSC☚═════════════ HYBRID DEFI ON BINANCE SMART CHAIN
|
|
|
|