Post
Topic
Board Mining
Re: What's the differ between mining and trading?
by
SamReomo
on 23/05/2023, 18:26:24 UTC
I will love to understand the difference between mining and trading? To some point I see trading more easier and convenient than mining but I guess is before I don't full understand how mining works! Most mining are done with machines but trading is humans strategies, so am definitely not inclined with their difference. Please help us with your knowledge, we're all learning.

Mining and trading are different things and they have nothing common with each other. The mining requires one to have heavy processing equipment and it requires energy in order to operate. The mining Asics are power hungry and the user has  to provide them enough power so they can mine Coins for the user. The mining is also a costly thing these days as the competition is very high in the field.

On the other hand trading is not power hungry, even with a simple smartphone you can do trading without any problem. These days the technology is so advanced that even with low processing power you can do trading easily. For example many people trade Bitcoin on Binance app and the app doesn't require much power to operate. A simple smartphone is enough to run the app, and there are many exchanges with such apps.

The mining is helpful for the Bitcoin network as with it the miners are adding new Bitcoins to the supply while trading is a good thing for investors as they can easily increase their capital with proper trading strategies. If you want a hassle free environment then trading is the best option for you, but if you want to add your contribution to the Bitcoin network then mining is of course the way to go.