Post
Topic
Board Trading Discussion
Re: Trading or mining?
by
Oasisman
on 17/08/2018, 19:58:01 UTC
If there is money to invest, mining will be an option not bad. My country lives relatively cheap electricity prices, benefits are not lower than trading.
You better know the aspects of mining, that is great. Mostly people want to start mining as they get it through general aspect and that doesn’t let them go deep in facts that are needed. For mining, every other thing just works fine except electricity. As systems must be strong and they should be running for whole day and consuming extra power, so cheap electricity must be provided.

Electricity has been the most common problem in mining, and miners prefer to build a rig in a country who has cheap electricity, and Georgia was the most preferd country.
These days mining Bitcoin is almost an unprofitable method of investment, not unless if you have a really huge mining farm. Another problem in todays mining, is the level of difficulty to mine everybit of Bitcoin as there are only 21million supplies and there are 17million circulating supplies in the market already.
Best option for the OP is to do trading. Although it is more riskier than mining, but it can make good returns than mining.
Mining is profitable when you have a cheaper electricity in your area. Many miners today sell their mining hardwares because of the electricity problem. Trading is much better when mining is not for you

Mining also needs a lot of initial investments: you have to buy the equipment to mine the crypto, and this stuff is very expensive. However, here, you can get stable rewards.

Thats one of the many advantages of mining, having a stable passive income. Well, I have to agree for the both of you. The point is, it isnt easy starting up a mining rig, and that would be the hardest part of mining. And, right now, if I were to choose which one to mine, I'd better choose mining alts than Bitcoin. But then again I lost interest in mining a long time ago, cant stand the electricity cost in my country lol.