How can we benefit more doing more of mining than trading? I have be investing for more than 3 years now but I often heard people saying mining is where the secret do lays.
There is no secret, it's just a normal business where you count expenses versus profit if you have low operational costs such as the energy and a bit of knowledge before you start you are profitable, if not and you don't know what you're doing you lose money.
How do I get to know the difference? Where can we find reliable mining Apps ?
There is no such thing as reliable mining apps!
All are just scams, you can't mine with a phone, a computer, or a videocard, you need ASIC miners, and if you don't own those ASICS all you have is a promise of payment!
And even if the company you rent/buy hashrate is somewhat legit and they do have the gear, there are still risks, for example:
The risk of NOT actually owning your mining hardware. For those of us who are just an investors, is quite understanding that bitcoin has be down for some time now and that has affected us deeply due to no profit driving feelings, but I never people mining saying the same which means they're things mining can do that's different from lying fallow capitals investment
Revenue per each TH/s has dropped from 40cents to 7 cents now, I, for example, have sold most of my miners since my energy prices have skyrocketed well beyond anything that would cover the cost and I only kept two of them as their consumption doesn't trigger a new tariff plan. So, as I said previously, mining is not a guarantee to make money even in a bear market, it can provide revenue and profits even if the price stays the same unlike direct investment but it's not a golden goose.
My questions are simple guy's;
* where can we find a good mining sites or Apps?
* Did it has is own risks different from bitcoin investment?
* what benefit can we stand to gain mining bitcoin or altcoins?
As previously, there are no such apps, and the risks are losing all your money, mining altcoins is a waste of money right now, and mining bitcoin is, again, just a normal business, you gain..profits! Or, you lose money! If you can't mine yourself then look for something else, not investment plans, cloud mining and mining apps.