Post
Topic
Board Trading Discussion
Re: Trading or mining?
by
holtzmann
on 26/09/2018, 12:58:28 UTC

Just had a chat with my friend on setting up mining in my farm house. He advised and suggested more to invest in crypto currencies then investing and spending time in mining. What you guys would suggest me of. Or shall i start with small investment on mining from house with rigs attached to system i have in my house and start a farm house once experienced or do not get into mining? Suggest me dudes.


Probably, I’ll agree with your friend at some point. If you have enough spare money, then investing it in crypto is a good financial move. But I wouldn’t be that sure about profit of hardware mining. First of all it depends on your skills. Mining consumes a lot of energy, so there is a possibility that you'll need to pay huge bills for that. So, consider the prices for electricity in your country. Besides, installing equipment is also very expensive thing. So I think that investing might be more profitable nowadays. Investing and trading is also easier, especially for those, who new to crypto. Final decision is yours, but I guess you might try easier activities first. Just create an account at some crypto exchange (speaking about user-friendly trading platforms, I can recommend cex). Then you’ll need to buy some coins and transfer ‘em to your wallet or trade . As for wallets, aforementioned CEX even provides users with a cold storage. But if you’re planning on buying huge amounts of coins, it’s better to get a hardware one.