Ayiranorea
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July 27, 2021, 10:10:41 PM |
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Mining is profiting, because it gives you regular earning unlike the market fluctuation. With holding it is always good to secure the holdings in all possible ways for a long term benefiting. Mining is high investment process where one can keep hold of the mined coins and make profit out of it.
For large capital investors mining is good whereas for the users with minimum investment ability holding is the right pick.
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Amejoaquim
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July 27, 2021, 10:28:38 PM |
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I tried both. but for now I don't do mining anymore because the mining results I get are getting less and less, fyi I am mining ethereum. So i decided to sell all of my vga and i sell my vga more expensive than the price i bought it, doing mining is beautiful journey for me.
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Aubameyang
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July 28, 2021, 06:47:49 AM |
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Of course holding is the best choice, why i can say that because we don't need to spend a lot of effort to doing it. If we want to become a holder all we need to do is do some research on the coin we want to invest. If we're decide to become a miner, we need to do a lot of stuff and for everyone who don't really know about tech or computer I think it will take a lot of time for the newbie to learn how to be a miner.
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temple
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July 29, 2021, 04:45:10 PM |
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Of course holding is the best choice, why i can say that because we don't need to spend a lot of effort to doing it. If we want to become a holder all we need to do is do some research on the coin we want to invest. If we're decide to become a miner, we need to do a lot of stuff and for everyone who don't really know about tech or computer I think it will take a lot of time for the newbie to learn how to be a miner.
It really depends which coins you are holding here. When you are into Bitcoin, Ethereum and other top 10 cryptocurrencies, holding and leaning back is fine. If you are investing in micro cap coins it is extremely important to take care and pay attention frequently. It is all about the portfolio whether a serious holding strategy is reasonably applicable.
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oemar bakrie
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July 29, 2021, 05:22:57 PM |
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I myself have never tried mining, because it requires tools that are not cheap to get maximum results and also require the stability of mining equipment equipment. it's better for me to buy crypto myself, whether it's bitcoin or others, and there I will hold it until the strength of my heart to resell it..
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LongStand
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July 29, 2021, 06:18:09 PM |
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Mining is primarily cash based business that transfer their assets to cover expenses. I think that it is more easier to hold rather than mining just because you must need to pay large energy cost for mining. Holding is much easier as compared to mining.
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zanezane
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July 29, 2021, 06:26:52 PM |
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Mining is primarily cash based business that transfer their assets to cover expenses. I think that it is more easier to hold rather than mining just because you must need to pay large energy cost for mining. Holding is much easier as compared to mining.
It's definitely much easier but I think that if you put enough money into mining and you have the cheapest electricity and you can utilize the heat from the rigs then you will be able to make a decent if not big profit out of mining, hodling is more of an individual thing.
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bL4nkcode
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July 29, 2021, 06:37:50 PM |
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Passive income or holding is much more profitable than buying of miners is a risk in the very first place, installations (cost), electricity (another regularly cost), maintenance (another cost), the increasing difficulty is also a risk and many more when it comes to mining.
Besides your comparison is not totally a fair comparison.
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romero121
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Mining- Capital investment is a must - large fund
- Need to compile with legal issues if the government is against it
- Electricity requirement needs to be fulfilled with active internet connectivity
- Periodic Maintenance is a must, if not it won't generate the calculated hash
- Daily earning varies based on the increasing difficulty and market volatility
- Proper location is a must, if not separate cooling system need to be set
- High energy consumption process, renewable energy usage will add more profit
Holding- Buy
- Secure it - Any high security wallet
- Hold
- Hold
- Hold
- Sell - if the target is reached
- Repeat it
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blckhawk
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September 16, 2021, 11:48:39 AM |
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well if you have the resources to mine bitcoin then you should definitely do so, because mining bitcoin is worthwhile but if you don't then don't try to mine bitcoin because it requires a lot of time and energy for you to mine bitcoin and having only 1 mining rig is not worth it. but if you have the money to buy bitcoin directly then do it and hold on to it for dear life.
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Sanugarid
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September 16, 2021, 12:13:43 PM |
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I have developed a project https://github.com/peroksid90/crypto_calculatorto compare mining vs holding. Contributions and comments are welcome. For example, you have 2500 $. You can buy a miner or just invest this money to BTC. Which is better in the long run? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fgithub.com%2Fperoksid90%2Fcrypto_calculator%2Fraw%2Fmain%2Fdemo2.png%3Fraw%3Dtrue&t=665&c=8pEmRPw98CX9KA) So at the end we see: the worst case: do mining and sell mined profit every day (red line) (7300$) the better: just buy and hold (olive line) (8200 $) the best: do mining and don't sell. (magenta) (12500 $) magenta and red doesn't include the miner market price. So actually we should add it to the profit, because the equipment price is also rise(even used). In order to be profitable in mining, you need to buy a mining rig in order to mine BTC which also requires electricity and if you're an average person just like me mining doesn't fit for me at all. So I'll choose holding rather than mining since the initial investment required is not high and depends on what you can afford to invest to be able to start unlike in mining which requires huge initial investment .
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rosemariefrancis
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September 18, 2021, 09:51:20 AM |
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Mining will be profitable when we will start doing it on renewable energy. For now, holding and trading are two best ways to earn profits. As I can't wait for a long time to see profits, I prefer to trade.
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OrangeII
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September 18, 2021, 10:38:54 AM Merited by vapourminer (2) |
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i would choose bitcoin investment over mining. things to consider in doing mining, especially without the help of others are - electricity cost
- maintenance costs
- takes time
- in other cases, it is necessary to upgrade mining equipment for maximum results
- and others.
I'm not saying that mining isn't great, but I don't think it's for me. especially if we have other things to do. i prefer bitcoin investment because i think it is relaxing and fits the time i have.
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verita1
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September 18, 2021, 05:58:02 PM |
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I prefer holding bitcoin. I do not know about mining bitcoin because it requires permits, equipment and monitoring these equipment as we can also invest in the cloud on a reputable platform.
For all these processes I prefer holding bitcoin, I feel it more exciting and motivating. I can also put into practice my skills as a trader and be happy with my treasure. I say it this way because we must enjoy what we do and not stress ourselves.
The main thing about investing in bitcoin and holding is that we can do it with a minimal investment. And as a rule of thumb, invest knowingly and with your own hands, don't give bitcoin to anyone for future profits.
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ivankoh
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September 18, 2021, 06:19:54 PM |
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To choose the option of mining or holding, I think it will depend on each person's perception and suitability with their abilities and conditions. Mining requires a large capital investment, in addition to understanding the technical characteristics of bitcoin. Meanwhile, investing by holding can simply be a process of patience, trust, etc. In terms of returns, I think both generate huge returns in the long run. At this stage I think mining will be difficult because bitcoin's hashrate has increased after auto-correction. It will make blocks harder to form to increase mining output
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Assface16678
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September 19, 2021, 07:14:49 AM |
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I would pick investing/buying bitcoin over mining. You need time and patience to pay off the costs for your mining equipment to start generating profits. But if just buy bitcoin and it goes up by 2%, you are already making gains minus any fees you might have had. Not to mention that mining gear isn't that easy to come by and the producers can't produce enough to meet the demand. Your equipment can become faulty, break, overheat. Your software can crash in the middle of the night or during the weekend while you are away from home. You need some technical knowledge to mine while any computer-literate person can buy a coin on an exchange.
Exactly. Holding/Buying can be done easily and with a little research even a newbie can do it. The price of building mining gear today is outrageous due to the scalpers. Also, maintaining the gear is time consuming together with it is the bills. But if you are looking for longer run, try mining and holding it, then sell at what price you will profit.
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Lordshiva
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September 19, 2021, 07:31:55 AM |
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I would pick investing/buying bitcoin over mining. You need time and patience to pay off the costs for your mining equipment to start generating profits. But if just buy bitcoin and it goes up by 2%, you are already making gains minus any fees you might have had. Not to mention that mining gear isn't that easy to come by and the producers can't produce enough to meet the demand. Your equipment can become faulty, break, overheat. Your software can crash in the middle of the night or during the weekend while you are away from home. You need some technical knowledge to mine while any computer-literate person can buy a coin on an exchange.
Exactly. Holding/Buying can be done easily and with a little research even a newbie can do it. The price of building mining gear today is outrageous due to the scalpers. Also, maintaining the gear is time consuming together with it is the bills. But if you are looking for longer run, try mining and holding it, then sell at what price you will profit. Yes mining is way too complicated and and holding is as easy as it could be. Lot of tension is there in mining and a lot of management is required and may be you can earn more just by holding, so there is no point in doing things the hard way and go for mining. Holding is the best option.
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lepbagong
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September 24, 2021, 06:15:38 PM |
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Mining is primarily cash based business that transfer their assets to cover expenses. I think that it is more easier to hold rather than mining just because you must need to pay large energy cost for mining. Holding is much easier as compared to mining.
obviously mining is definitely very profitable, because more and more people want to do it every day because the value of the coin is now high. but we also have to think about the initial cost for mining capital, we know that the equipment used is quite a lot and it's true as you said energy costs are also high. so the cost for the start of mining is not small to be able to get according to estimates so that you can BEP (Break Even Point) as soon as possible. It's definitely much easier but I think that if you put enough money into mining and you have the cheapest electricity and you can utilize the heat from the rigs then you will be able to make a decent if not big profit out of mining, hodling is more of an individual thing.
Much has been done for mining so that costs can be reduced by all means, because the use of energy is clearly the most expensive and the next biggest cost. but if it is running, mining is very profitable and remember the price of coins is very high at this time. but if you want to do something less risky and tired to think about everything, holding bitcoins for a certain period of time is equally profitable, because bitcoins will definitely increase and reach renewable ATH. but not for altcoins of course because there can be no guarantee, other than top-ranked altoins or those that are just growing and the potential will obviously be more profitable too.
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izsara
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September 24, 2021, 07:07:15 PM |
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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. It's true, but on the other hand, even though mining does take quite a long time to return, I think it will be in accordance with the income we receive, especially considering that mining itself seems to be a little more supportive than trading for people who don't understand. but investment is indeed the most qualified and simpler. but it comes back to the skills of each individual regardless of which one is the best.
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iyamoxjhian
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September 25, 2021, 06:42:28 AM |
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That's one of my biggest dream. To have a mining tools and to patiently wait while mining. But its a huge cost and investment to have these. I think i have to work hard for now with other profitable income while working in a regular badd so I can save up money for my dream. I wonder how many years do I have to wait for me to achieve these? Hmm, I think i have to tight my belt and improve more on self discipline so I can be ready for this someday.
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