Post
Topic
Board Bitcoin Discussion
Re: Mining vs Holding
by
xiboothrezi
on 26/07/2021, 22:27:11 UTC
actually mining is not necessarily profitable.  First, the capital to buy a computer is expensive and the cost of electricity is large.  I myself have never thought about mining, it's better to buy directly coins that we think are good.
it's true that miners need big capital to buy machines and electricity costs, but holding can buy coins with small capital and hold it for a long time like buying eth coins even if you don't have capital buying 1 eth can buy 0.5 eth so I think holding is simpler from miners.
so this will return to the personality of each. everyone has different abilities and interests. so it cannot be compared directly, which is better between mining and holding, because it is very objective and both have their own advantages and disadvantages.

well, direct mining does require capital to buy mining equipment and maintenance and operational costs, those who can tolerate this will definitely enjoy doing it, because they have a great opportunity to mine any crypto according to the spec. For those who understand the strategy, it will definitely be worth it, while for those who don't master mining-related matters and don't have capital like me, it will definitely be very difficult to run.

but don't worry, the crypto ecosystem is constantly evolving and offering more and more options. one of which is quite popular today is liquidity mining or better known as farming. that way we can enjoy services such as mining by adding network liquidity, please browse for more technical details. this is an effective way to get passive income, provided you manage to choose a potential project Smiley