Post
Topic
Board Trading Discussion
Re: Trading or mining?
by
Barbut
on 20/08/2018, 10:24:13 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
Yes, mining is profitable for only selected people who live in this country where electricity bills are cheap. But usually, we see it that in most of the countries have no cheap bills, then better to trade with coins.     
You talk like you trade and mine and you know what is better from this two? I would like to see some of you buying thousand dollars worth of equipment and start mining, I would also like to see how do you trade, by your comments I think you don`t do nothing from this two, and even if you tried something you had just loses.
If you think that you can compare mining where you invest in equipment and trading where you have so many risks, you live in delusion! With mining you will have some income that will depends from your power of your equipment, expenses for electricity, network difficulty, some income small or big depending from your mining rigs, with trading you are all in risks, if you think you can have steady income from trading than you never traded and you don`t know nothing about it.