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Author Topic: Mining vs Holding  (Read 1225 times)
MIner1448
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October 28, 2021, 08:52:52 AM
 #141

Mining and holding, in my opinion, are two different components of an investor.
Indeed, when mining there, colossal investments are needed in order to start earning. And with a hold, you can invest in an asset with a minimum amount and it will bring huge interest, if, of course, you made the right decision, but this, of course, is always for a long time ...
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October 28, 2021, 10:58:03 AM
 #142

Mining and holding, in my opinion, are two different components of an investor.
Indeed, when mining there, colossal investments are needed in order to start earning. And with a hold, you can invest in an asset with a minimum amount and it will bring huge interest, if, of course, you made the right decision, but this, of course, is always for a long time ...
it is depend on your capability and your location , Imagine even how you wanted to mine but your electricity is high then  nothing good will come on your way .
Just like being a Holder but you cannot stand on your holding as the funds you invested are not the amount you can afford to lose instead the funds is for emergency and the sad thing is when you wanted to withdraw the value is dumping.
so it is still depend on your capability and your dedications .
I must Hold a coin that i know i can just leave there, and i will mine if the availability of electricity is considerable .

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October 31, 2021, 10:01:21 AM
 #143

the reasin is imbhere in bitcoin because want to get profit someday well having an mining and holding doing both of us because mining is agood investment in crypto miner if you git an true mining is not like scam! you know many minings for they used for scam bitcoin so as i told that if you got a good mining so why not, and if not no too no choices and you much to hold your bitcoin and waiting for right time to putting your bitcoin to invest in a good way.
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October 31, 2021, 11:46:29 AM
 #144

in the case of mining or holding both have pluses and minuses.  I see if this is better studied.  I see that in the context of mining, the problem of electricity costs is a problem, we must really regulate the mining pattern properly so that profit can run.  for holding we don't have to need anything and just wait for the price to increase.  it's a choice between holding or mining
things that are quite simple to understand if drawn in a theory are
Mining requires hardware and needs to be maintained and updated, and has electricity costs. it is quite a hassle for people who have jobs other than crypto. however, some people still do mining nowadays because it gives them a continuous income.
Beside that, Holding coins only requires capital, choosing the right coins, and patience. The risk is, when the price drops, you need to make a decision to hold on or be patient. this will greatly affect your finances in the future. this is perfect for those who are busy outside the cryptocurrency world.  So far, I still tend to hold coins/tokens over mining.

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October 31, 2021, 01:40:27 PM
 #145

In my opinion trading is much more relaxed than mining. Even though trading is fairly difficult, many people gradually understand trading, therefore trading is easier to implement. While mining you need adequate equipment, strong electricity and time consuming your activities. But if you can divide your time well and are able to do mining coupled with adequate equipment and strong electricity you can try mining but still have to be equipped with good knowledge of mining. adequate too. Don't let you just follow the trend without any knowledge.
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November 01, 2021, 05:06:48 PM
 #146

crypto holding is best the mining holding is give us huge profit so bset is holding
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November 01, 2021, 07:04:48 PM
 #147

Mining and holding, in my opinion, are two different components of an investor.
Indeed, when mining there, colossal investments are needed in order to start earning. And with a hold, you can invest in an asset with a minimum amount and it will bring huge interest, if, of course, you made the right decision, but this, of course, is always for a long time ...
it is depend on your capability and your location , Imagine even how you wanted to mine but your electricity is high then  nothing good will come on your way .
Just like being a Holder but you cannot stand on your holding as the funds you invested are not the amount you can afford to lose instead the funds is for emergency and the sad thing is when you wanted to withdraw the value is dumping.
so it is still depend on your capability and your dedications .
I must Hold a coin that i know i can just leave there, and i will mine if the availability of electricity is considerable .
Electricity rate is the most important, 2nd is the government regulation, if both of these factors pass on your requirement to start profitable mining, then it's always a good idea to start. In some countries like our country, the electricity rate is high, so it's not feasible for mining and I would choose to hold my bitcoin and do some day trading as well. Every time we have a plan, we should always evaluate on its profitability especially for long term.

you can refer to the electricity cost per country.
https://www.electricrate.com/data-center/electricity-prices-by-country/


Mining seriously takes much electricity and the amount we earn, 70 percentage of earnings will go as electricity bill and the remaining will be for pocket and mining needs a lump of investment at the beginning. However, investing and holding the coins for long term is going to yield a good profit especially the top most coins like BTC, ETH, BNB and etc                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

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November 01, 2021, 07:08:17 PM
 #148

Mining and holding, in my opinion, are two different components of an investor.
Indeed, when mining there, colossal investments are needed in order to start earning. And with a hold, you can invest in an asset with a minimum amount and it will bring huge interest, if, of course, you made the right decision, but this, of course, is always for a long time ...
it is depend on your capability and your location , Imagine even how you wanted to mine but your electricity is high then  nothing good will come on your way .
Just like being a Holder but you cannot stand on your holding as the funds you invested are not the amount you can afford to lose instead the funds is for emergency and the sad thing is when you wanted to withdraw the value is dumping.
so it is still depend on your capability and your dedications .
I must Hold a coin that i know i can just leave there, and i will mine if the availability of electricity is considerable .
you are indirectly telling that it all depends on the current location and conditions which may occur.
it is true that things like this will have an effect but when we talk about the beginning of course we must also consider when we want to become a hodler we have to see where we will stop being a hodler and where we will start being a hodler.
other than that mining is quite good but we have to be ready when something is not wanted and indeed the initial capital is quite large.

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November 01, 2021, 08:01:58 PM
 #149

If we compare mining to HOLDing instead of HODLing, then I would say that holding is much better. Holding means that usually you hold but sometimes you may trade. Just have a look at the charts: Bitcoin reached 60K, did you sell? Great! Then you could take the advantage of dip for three times and the dip was 30K. Did you bought at 30K? Then, since you hold, now, after some weeks came a good time to sell again at 60K. Amazing profits, right?
Mining needs place to store your miners, cooling, then a personnel who will take care of the miners, then some equipment may get damaged, etc. I would say that mining is a good option when the halving has happened and more than 1 year has passed and there is at least 2 year left before the upcoming halving.

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November 01, 2021, 08:36:13 PM
 #150

Mining seriously takes much electricity and the amount we earn, 70 percentage of earnings will go as electricity bill and the remaining will be for pocket and mining needs a lump of investment at the beginning. However, investing and holding the coins for long term is going to yield a good profit especially the top most coins like BTC, ETH, BNB and etc
One thing is a fact, you need to shell out huge amount of money to become a miner if you are looking for any profit, getting the latest ASIC is a headache on its own and you will see a new competitive mining hardware ready to hit the market and if that happens your plans are doomed if you are in a limited budget. I think you prefer POS where you can simply stake the coins and make money but the biggest question will be how long anyone will be willing to stake the coins and how the system can be decentralized
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November 01, 2021, 08:50:02 PM
Merited by The Sceptical Chymist (2)
 #151

My decision: HODL

In September, there was a record on the Bitcoin network. Never before have so many hashes been generated per second. This means the network is very very strong and extremely secure and it is growing. The miners are getting stronger and more miners are joining. So more hashes, stronger is the network. This makes it incredibly hard to manipulate it. What do I mean by that?

The acceptance starts with the network and compares the statistics, that looks good. The mainstream has been very involved with Bitcoin since this year and there is currently no end. I am glad that the miners exist and make the network strong. I like Bitcoin and will stay with it as long as I can.

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November 02, 2021, 10:42:50 PM
 #152

You deserve at least a recognition, I can't imagine myself developing a program intended for comparing mining vs. hodling, worst case is definitely mining and then investing it right away, hodling alone is really practical, but mining and hodling is definitely the best solution.

I thought that OP was going to actually compare mining between hodling but I like the effort of actually coding a program wherein it picks which option is the best and I agree, hodling while mining may be the best case amongst the other options, hodling alone is actually better but if you try trading or even investing while you hodl, better income definitely.
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November 03, 2021, 01:46:53 PM
 #153

Mining seriously takes much electricity and the amount we earn, 70 percentage of earnings will go as electricity bill and the remaining will be for pocket and mining needs a lump of investment at the beginning. However, investing and holding the coins for long term is going to yield a good profit especially the top most coins like BTC, ETH, BNB and etc
Mining is clearly true what you say, in addition to electricity costs of course for the purchase of equipment and repair costs need to be prepared in advance, maybe the calculation is quite large.
but with the enormous costs incurred, it is certain that the income is also quite attractive, especially now that the prices of all coins are rising sharply.

not an unprofitable investment !!! it's the same as mining, what makes the difference is the possible profit and the way it works that will make the difference. after all, investment is also profitable, especially if you invest in very potential coins such as BTC, ETH, BNB, DOT, ADA etc. which are at the best rank in CMC/CG, but obviously the costs needed to be able to produce the maximum will be the same as when you started mining. , because now what you want to invest in is indeed quite expensive.

One thing is a fact, you need to shell out huge amount of money to become a miner if you are looking for any profit, getting the latest ASIC is a headache on its own and you will see a new competitive mining hardware ready to hit the market and if that happens your plans are doomed if you are in a limited budget. I think you prefer POS where you can simply stake the coins and make money but the biggest question will be how long anyone will be willing to stake the coins and how the system can be decentralized
real facts with what you say, because it takes a lot of initial capital if you want to start mining. different from investments that may be adjusted to the capital we will invest in. but in mining it is clear that the cost cannot be cut because it is a definite need, in mining. always prepare a reserve fund which at any time must be used in an urgent situation and cannot be postponed if you do not want to lose, of course.

clearly what distinguishes mining from investment is the portion that will be prepared, obviously mining is very unpredictable and can always change at any time and the need for funds must always be provided differently from investing and holding it, after buying a coin that you believe in then you just sit quietly to wait for the upgrade to your liking if you want to release it.


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November 03, 2021, 02:46:01 PM
 #154

between mining and holding are two different things, for those who have initial capital, have time I think choosing mining and holding will be better, because mining is like us working while holding is like we invest, mining is like getting wages, while holding is like we seek profit. but for those who don't have enough capital I think choosing holding we can make money because we don't have to buy 1 bitcoin

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panukurap
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November 03, 2021, 02:58:34 PM
 #155

If asked to choose between the two I would prefer trading even though the gains are not as much as mining. This is because I think that with mining you need extra time, not only that you also have to use strong and adequate electronic devices and use large amounts of electricity. If I myself find it difficult to get these things, plus it must be a negative use. This is just my opinion.

AakZaki
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November 03, 2021, 06:47:30 PM
 #156

Mining if only managed individually with minimal RIG will certainly lose because it calculates electricity costs and mining equipment maintenance costs which will swell over time. Mining bitcoin requires a large amount of electricity and will operate for 24 hours non-stop, this must also be supported by a good circulation or cooling system so that the mining room is not hot. Mining bitcoin or other coins requires a large amount of capital.

As for Holding, it is very easy and can use any capital, the more capital, the more profits. Holding also requires extra patience and clear targets. To do Holding, enter the market at a deep price and hold it up to the maximum target. Longterm may take months to years, depending on the target to be achieved.
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November 03, 2021, 06:56:26 PM
 #157

Mining can be profitable only when you can afford a place where you get cheap to zero cost electricity (try to go green by using solar electricity as well). Even with low number of equipment in your rig or a single miner, you still can profit if you are a part of a pool because then only will you be able to generate anything out of it as you won't be able to produce a full Bitcoin block with that small sized rig anytime soon.

Holding is risky as well, but it depends on what you are holding and when you entered. If you bought BTC at $45k and sold at $30k after holding for a long time and even saw $65k in between, then that's the type of risk you must conquer. You are also at risk if BTC never manages to get back to the current prices (hardly possible but who knows), and if you choose a shitcoin just by "keeping up with the Joneses", you'll definitely lose more even after holding it for a long time.

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November 03, 2021, 06:57:41 PM
 #158

If asked to choose between the two I would prefer trading even though the gains are not as much as mining. This is because I think that with mining you need extra time, not only that you also have to use strong and adequate electronic devices and use large amounts of electricity. If I myself find it difficult to get these things, plus it must be a negative use. This is just my opinion.
Mining is something that isnt really for average joe which we know that this is an investment which do requires huge capital and of course you would be considering lots of  factors for you to look up if mining activity would really be that profitable on your side specially with electricity cost and current difficulty
and of course with the price of the coin you are mining.Its true that trading does give out bigger profits in shorter duration but doesnt mean that it is less risky.So its up to you whether which one you would choose up.

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November 03, 2021, 07:00:24 PM
 #159

Well whatever knowledge that i have i would surely prefer holding rather than mining, one simple experiece that i faced that once i invested ethereum in genesis mining for 2 years contract it even have not given the amount of ethereum back that i invested and the price of ethereum had gone up by 5 times, so that resulted me in loss only.

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November 03, 2021, 09:06:25 PM
 #160

I would go for which would cost me lesser which is holding. If I go for mining I might not afford the constant electricity plan needed to keep the mining machine in order. Although holding is more risky than mining it cost of maintenance is less and wouldn't cost me much electricity plan and time consumption
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