Between Crypto Trading and Crypto mining choose one

GiraffeBurgersAndFries said:
I think this is backwards.



Disagree. I'm into miners and they are anything but not profitable. One of my investments currently mines about 7btc a day which will grow to about 15btc a day later this year. They're literally printing money lol. And thank you President Xi for the gift to miners: that drop in difficulty was welcomed

It's hard to answer your question OP as it needs to be more specific. Mining what? With what hardware? With what power costs? In the cloud or on-premise? Etc

With the right capital and setup I would very much prefer to mine. If you don't have that you're better off trading IMO.
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Are you claiming you make over $6 million a month? Lol
 
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GiraffeBurgersAndFries said:
I think this is backwards.



Disagree. I'm into miners and they are anything but not profitable. One of my investments currently mines about 7btc a day which will grow to about 15btc a day later this year. They're literally printing money lol. And thank you President Xi for the gift to miners: that drop in difficulty was welcomed

It's hard to answer your question OP as it needs to be more specific. Mining what? With what hardware? With what power costs? In the cloud or on-premise? Etc

With the right capital and setup I would very much prefer to mine. If you don't have that you're better off trading IMO.
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You mean to buy the GPU and material for mass minning? most people use cheap minning VPS nowadays.
 
I will never do mining because if government bans crypto in my country, all investment will be lost.
 
B1TCS said:
Are you claiming you make over $6 million a month? Lol
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Not me but that one company which I am invested in yes; those are their numbers.

aidandanie78l said:
You mean to buy the GPU and material for mass minning? most people use cheap minning VPS nowadays.
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Yes. ASICs too. I'm talking about running entire data centers full of gear. Not a small set up in your basement or a few cloud instances. I don't know how profitable the latter is as again it'd depend on what you're mining, your costs, etc. Only very profitable method I've heard about using public servers like that involves abusing SaaS providers and that is getting cracked down on.
 
GiraffeBurgersAndFries said:
Not me but that one company which I am invested in yes; those are their numbers.



Yes. ASICs too. I'm talking about running entire data centers full of gear. Not a small set up in your basement or a few cloud instances. I don't know how profitable the latter is as again it'd depend on what you're mining, your costs, etc. Only very profitable method I've heard about using public servers like that involves abusing SaaS providers and that is getting cracked down on.
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Everyone I know who has stocks in a crypto mining companies, just shills them in hopes of recouping their losses...


Unless you live in a country with cheap electricity, trading all the way
 
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I would personally choose trading. While trading takes years of experience to be profitable - anyone can start trading with low funds whereas setting up a decent Mining set up requires lot of capital.
 
A few years ago I would have said mining, but it's not that profitable anymore. You need to spend a lot of money on mining equipment and electricity and the earnings are really low.
 
It depends on what you are trying to achieve, and how much firepower you have to achieve it. Trading CAN be a full tiime job, particularly, speculative day trading, whereas mining well your energy costs will always be subject to not only the:

a) Value of the token
b) The increased difficulty in obtaining it.
 
Trading, mining costs too much electricity...and the mining machine is too big...
 
I prefer crypto trading, because mining is too expensive
 
dannolly said:
Between Crypto Trading which is buying and Selling and Crypto mining which is to buy the mining machines and start mining
Which one do you choose?
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I would rather use crypto investing. At least you can analyze market or see some tendentious. But dont invest in scam coins, only trusted ones. And only long term investment
 
dannolly said:
Between Crypto Trading which is buying and Selling and Crypto mining which is to buy the mining machines and start mining
Which one do you choose?
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Start with mining. It is very simple.
After it You will have some crypto and You can start to trade it.
 
the crypto mining companies are producing lots of revenue but they took on alot of debt as well. its all public information as some of them are listed i believe?
 
Trading but it's just a preference. Funny thing with crypto is that trading strategies for stocks do work better with crypto. Crypto seems to follow the patterns. Sure not always but you only need to be right in 51% of your trades.
 
I will choose trading because I do not know much about mining.
 
I'll try a REAL INVESTMENT instead.
 
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