Post
Topic
Board Altcoin Discussion
Re: Altcoins: to Mine or to Buy? That is the Question
by
mammoniter
on 01/07/2019, 04:38:28 UTC
PREVIOUSLY....

Analized my experience in cryptocurrency since 2014 year I made a conclusion that PoW mining is less profitable than just buying coins ever. With several exclusions that just confirmed the rule.
So what is your experience?
Cons and pros of both methods to make money in cryptoworld?

Now I prefer holding coins, PoS mining and other methods without noisy and hot hardware


AND NOW



Weekly reports and OP update soon...


Most of the project nowadays are not into mining. They are more into buying and selling or trading. During the previous years, mining is very popular and profitable but now its almost worthless because of the requirements and fees to mine a certain coin. Its better to buy it during their presale, hold it for a long time then sell it when the market rises. Besides I think bitcoin is the only crypto profitable to mine.