Mr.sprin
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Buzz App - Spin wheel, farm rewards
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September 25, 2021, 12:58:35 PM |
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Miners need a lot of capital to buy machines and need funds to pay electricity bills every month. Basically, for those who mine, they have to prepare a lot of capital, but if hold only needs money to buy tokens and hold it then I am interested in holding rather than mining.
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BITCOIN4X
Legendary
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Activity: 2156
Merit: 1170
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September 25, 2021, 01:30:20 PM |
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Miners need a lot of capital to buy machines and need funds to pay electricity bills every month. Basically, for those who mine, they have to prepare a lot of capital, but if hold only needs money to buy tokens and hold it then I am interested in holding rather than mining.
If we talk about capital, then both mining and holding both require capital. To mine you just need to run the mining machine to generate the coins you mine and the income you get in my opinion is very instant. Although the cost of buying a mining machine and running a mining operation is quite expensive, I think the income they generate is quite worth it, especially if the price of the coin you are mining is in a good trend. For holding, you only need to set a time limit and the target you want to achieve with the assets you invest like bitcoin. The revenue generated may not be instant due to price volatility. It took some time to profit from it although in the long run bitcoin is quite profitable. For the two options above it all depends on interest. Miners can also still hold all their mined coins long term and sell them at a higher price. I like both, but it really depends on the capital.
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geegaw
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September 25, 2021, 02:29:17 PM |
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Miners need a lot of capital to buy machines and need funds to pay electricity bills every month. Basically, for those who mine, they have to prepare a lot of capital, but if hold only needs money to buy tokens and hold it then I am interested in holding rather than mining.
Mining machines of the past were not common and were not powerful enough, and for better technologies, cost was a huge issue at first and at that time there was no technical sharing, investors still think it takes a lot of money to become a miner but a fact and experience of miners on Youtube shared quite a lot is that it only takes some capital to buy a few small diggers, no farm size is needed to become a full-fledged miner. However, modern technology also prevents the return of capital, takes from six months to a year to stabilize and requires most of the mining knowledge to be effective, it frustrates many newbies
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qwertyup23
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September 25, 2021, 04:58:55 PM |
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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.
The problem with mining is that it needs to be set-up in a strategic geographic location so you can re-direct the heat from the mining CPUs working. In addition, tremendous amount of power is being used which may add to the cost of electricity in your country. That is why, most miners strategically place their equipments in locations where there is continuous airflow in order to prevent overheating. Personally, with the costs of video cards skyrocketing in the market, HODLing is the way to go. Not only you earn passively but you are also giving BTC the opportunity for its price to skyrocket without even doing anything other than investing the your initial capital.
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asus09
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September 25, 2021, 05:12:17 PM |
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Mining is not good ideas to earn money and better with holding, I know with mining you can purchase and earn coin every day but have you calculated with mining machine price? how much cost you pay every month for electricity without it your mining is nor working yet. I think if you have money and try to mining coin better buy coin have staking system, harvest every day without worry about electricity how much you need to pay every month and mining machine service.
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| | . Gamdom | │ | 15% | . CASHBACK FOR THE FIRST 7 DAYS | | | ██████████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████████ | █████████████████████████████████ .
█████████████████████████████████ | ██████████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████████ | ▄██████████████████████████████▄ ████████████████████████████████ █████▀▀████████▀▀████████▀▀█████ ▄▄▄▄ ███ ▀▄▄▀ ████ ▀▄▄▀ ████ ▀▄▄▀ ███ ██████ ████▀ ▀██████▀ ▀██████▀ ▀████ ▀████▀ ████▄ ▄██████▄ ▄██████▄ ▄████ ██ ████████████████████████████████ ██ ████████████████████████████████ ██ ██████████████████████████████████████▀ ▀██████████████████████████████▀ ██████████████████████ ██████████████████████ ████████████████████████████████ | . HIGH QUALITY CASINO WITH MULTIPLE GAMES | | | ████████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ████████ | | ████████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ████████ |
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Dilladupak
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September 25, 2021, 05:26:58 PM |
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Mining is not good ideas to earn money and better with holding, I know with mining you can purchase and earn coin every day but have you calculated with mining machine price? how much cost you pay every month for electricity without it your mining is nor working yet. I think if you have money and try to mining coin better buy coin have staking system, harvest every day without worry about electricity how much you need to pay every month and mining machine service.
I think with you, maybe because I don't have much money to buy tools for mining and am afraid of expensive electricity costs, therefore I prefer to buy coins and hold them for profit. And actually there are many choices of coins that we can hold to get these benefits, you don't have to buy in large quantities, just buy enough. In addition to the high cost, coin mining also has to be constantly updated with more sophisticated and modern tools to get more results, and that will definitely cost a lot of money.
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kukoro
Jr. Member
Offline
Activity: 507
Merit: 2
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September 26, 2021, 06:12:51 AM |
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hallo good night .... 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.
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Mr.sprin
Full Member
Offline
Activity: 1554
Merit: 123
Buzz App - Spin wheel, farm rewards
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September 26, 2021, 06:33:59 AM |
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Miners need a lot of capital to buy machines and need funds to pay electricity bills every month. Basically, for those who mine, they have to prepare a lot of capital, but if hold only needs money to buy tokens and hold it then I am interested in holding rather than mining.
If we talk about capital, then both mining and holding both require capital. To mine you just need to run the mining machine to generate the coins you mine and the income you get in my opinion is very instant. Although the cost of buying a mining machine and running a mining operation is quite expensive, I think the income they generate is quite worth it, especially if the price of the coin you are mining is in a good trend. For holding, you only need to set a time limit and the target you want to achieve with the assets you invest like bitcoin. The revenue generated may not be instant due to price volatility. It took some time to profit from it although in the long run bitcoin is quite profitable. For the two options above it all depends on interest. Miners can also still hold all their mined coins long term and sell them at a higher price. I like both, but it really depends on the capital. Holding and miners are both profitable, I just explained for those who have small capital can't afford a machine to mine so I recommend investing in tokens because their capital is not enough to buy a mining machine.
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asus09
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September 26, 2021, 10:14:57 AM |
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Miners need a lot of capital to buy machines and need funds to pay electricity bills every month. Basically, for those who mine, they have to prepare a lot of capital, but if hold only needs money to buy tokens and hold it then I am interested in holding rather than mining.
If we talk about capital, then both mining and holding both require capital. To mine you just need to run the mining machine to generate the coins you mine and the income you get in my opinion is very instant. Although the cost of buying a mining machine and running a mining operation is quite expensive, I think the income they generate is quite worth it, especially if the price of the coin you are mining is in a good trend. For holding, you only need to set a time limit and the target you want to achieve with the assets you invest like bitcoin. The revenue generated may not be instant due to price volatility. It took some time to profit from it although in the long run bitcoin is quite profitable. For the two options above it all depends on interest. Miners can also still hold all their mined coins long term and sell them at a higher price. I like both, but it really depends on the capital. Holding and miners are both profitable, I just explained for those who have small capital can't afford a machine to mine so I recommend investing in tokens because their capital is not enough to buy a mining machine. I think not about with bigger or smaller capital but most profitable holding or staking coins than mining, with staking and have other recommended with farming every day you can harvest your coin staking without pay electricity and worry about your mining machine is working or not, but mining when your electricity country down you not get anything from your mining.
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| | . Gamdom | │ | 15% | . CASHBACK FOR THE FIRST 7 DAYS | | | ██████████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████████ | █████████████████████████████████ .
█████████████████████████████████ | ██████████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████████ | ▄██████████████████████████████▄ ████████████████████████████████ █████▀▀████████▀▀████████▀▀█████ ▄▄▄▄ ███ ▀▄▄▀ ████ ▀▄▄▀ ████ ▀▄▄▀ ███ ██████ ████▀ ▀██████▀ ▀██████▀ ▀████ ▀████▀ ████▄ ▄██████▄ ▄██████▄ ▄████ ██ ████████████████████████████████ ██ ████████████████████████████████ ██ ██████████████████████████████████████▀ ▀██████████████████████████████▀ ██████████████████████ ██████████████████████ ████████████████████████████████ | . HIGH QUALITY CASINO WITH MULTIPLE GAMES | | | ████████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ████████ | | ████████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ████████ |
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stomachgrowls
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September 26, 2021, 11:15:55 AM |
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Miners need a lot of capital to buy machines and need funds to pay electricity bills every month. Basically, for those who mine, they have to prepare a lot of capital, but if hold only needs money to buy tokens and hold it then I am interested in holding rather than mining.
If we talk about capital, then both mining and holding both require capital. To mine you just need to run the mining machine to generate the coins you mine and the income you get in my opinion is very instant. Although the cost of buying a mining machine and running a mining operation is quite expensive, I think the income they generate is quite worth it, especially if the price of the coin you are mining is in a good trend. For holding, you only need to set a time limit and the target you want to achieve with the assets you invest like bitcoin. The revenue generated may not be instant due to price volatility. It took some time to profit from it although in the long run bitcoin is quite profitable. For the two options above it all depends on interest. Miners can also still hold all their mined coins long term and sell them at a higher price. I like both, but it really depends on the capital. Holding and miners are both profitable, I just explained for those who have small capital can't afford a machine to mine so I recommend investing in tokens because their capital is not enough to buy a mining machine. I think not about with bigger or smaller capital but most profitable holding or staking coins than mining, with staking and have other recommended with farming every day you can harvest your coin staking without pay electricity and worry about your mining machine is working or not, but mining when your electricity country down you not get anything from your mining. Can you specifically tell on what cloud mining or staking platform that you could able to harvest on what you do have gained on a particular day? As far as i know and based up on awareness then there is a certain duration or time on where you could able to pull those off unless if you do talk about in-wallet staking which is commonly can be seen on most shit coins.When it comes to mining then this isnt something that everybody could deal with not only with complexity but also into the capital that it needs.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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boyptc
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September 26, 2021, 11:21:14 AM |
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hallo good night .... 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 in mining, it's profitable if you have huge capital unlike in just simply holding and buying bitcoin. It takes time as you profit but as you said, you're just taking a bare risk. So the idea of high risk, high reward is also applicable to this choice. But for someone like plankton like me, owning a mining facility is just a dream but thanks to holding, we can still be like them that can earn from bitcoin.
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nur rochid
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September 26, 2021, 01:30:20 PM |
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hallo good night .... 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 in mining, it's profitable if you have huge capital unlike in just simply holding and buying bitcoin. It takes time as you profit but as you said, you're just taking a bare risk. So the idea of high risk, high reward is also applicable to this choice. But for someone like plankton like me, owning a mining facility is just a dream but thanks to holding, we can still be like them that can earn from bitcoin. Mining requires large capital, and for now I may not be able to realize it. just like you, roasting the coins that we have is a good choice at this time to profit from the investments we hold. but to hold it is not an easy thing, because sooner or later the market moves according to our wishes. different from mining where we get income from our mining activities
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Sir Legend
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September 26, 2021, 01:52:43 PM |
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For now I focus on long-term holding, mining and holding are 2 different things, I once was mining in 2014 with 2 units of Bitmain S5 at that time I got a net profit of around $400, but after the halving day in 2016 the mining income dropped and the end of 2016 I sold because about 4 months of loss.
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deathcode
Copper Member
Sr. Member
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Activity: 1428
Merit: 253
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September 26, 2021, 03:10:46 PM |
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I did both. neither of the two best ways to get those benefits. it's just that choosing the right asset for the two is certainly different. I hold BTC and BNB. also staking Banana and CAKE. both ways have their advantages and I enjoy that.
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terrorJR
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September 26, 2021, 03:25:26 PM |
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Mining is not good ideas to earn money and better with holding, I know with mining you can purchase and earn coin every day but have you calculated with mining machine price? how much cost you pay every month for electricity without it your mining is nor working yet. I think if you have money and try to mining coin better buy coin have staking system, harvest every day without worry about electricity how much you need to pay every month and mining machine service.
it's true but I also don't think day trading is a good idea when it's used for beginners, considering that day trading requires pretty good research. and even for mining, I think it is like that, there are several things that must be considered. however, it is suitable for those who really don't want to do anything either in research or looking at charts every day. and mining is one of the good things to do for those who want to earn regular income.
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LiberOptions
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September 26, 2021, 03:41:01 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 $. You can buy a miner or just invest this money to BTC. Which is better in the long run? So at the end we see: the worst case: do mining and sell mined profit every day (red line) (7300$) 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). With this kind investment you would be better of with just buying Ethereum and holding. I believe that in the short run you can get more profit by holding Eth than holding or mining BTC. In order to start a successful mining operation you would need at least 100k and hope that BTC would never drop bellow 40k to have a ROI in about a year or so... I guess that by holding and stacking 100k in BTC you would still have about the same return. If you haven't get into mining like 7\8 years ago, now it is not the time to get in. There are far more profitable options to get into cryptos.
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zaesvlas
Jr. Member
Offline
Activity: 140
Merit: 2
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September 26, 2021, 03:49:27 PM |
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Guys, how are you doing with mining now? I'm just not sure if it can do the same thing now as it did before.
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Alisha FR
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September 26, 2021, 04:54:20 PM |
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And for sure holding will be the majority of choices here.
In Mining there are a lot of factors to consider, obviously you should live in a country wherein electricity is quite cheap, and then the space itself and the mining gear, as far as I know it's hard to acquire the hardware currently.
So in the long run it's better to invest and then hold for long term. Less hassle on your part. In any case, this tool might be helpful for those who want to try mining.
Yes, I agree. In addition, mining also requires more costs and the time used is also very long. Readiness in waiting to be able to return the capital that has been used to buy mining equipment and maintenance costs are also more complicated. I think doing holding is a good idea instead of having to do mining.
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Davidvictorson
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September 26, 2021, 05:29:07 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 $. You can buy a miner or just invest this money to BTC. Which is better in the long run? So at the end we see: the worst case: do mining and sell mined profit every day (red line) (7300$) 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). I find this project really interesting. Did you consider other variables like the energy cost? I recon that this result can't be generalized to other regions in the world considering a lot of economic costs. Having said that personally, the "buy and hold" strategy works well for me.
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wiss19
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September 26, 2021, 08:30:42 PM |
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Guys, how are you doing with mining now? I'm just not sure if it can do the same thing now as it did before.
Yes, you are right now mining is not like before because it's not profitable like in past and trading is some better because if you're holder then surely you will be able to manage things for better profit. But in mining, you have more risk to lost your initial fund due to many factors which are not manageable if you are not technical person. But, if you are holder then just buy coin or token and check price then wait for green signal and take your profit. I personally prefer to hold as mining is never been ideal for me where I am living due to cost of electricity.
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