Post
Topic
Board Beginners & Help
Re: Profit evaluation – Hodl instead of mining
by
I_Anime
on 28/04/2024, 18:21:44 UTC
Many people are still not sure how to get good profits from Bitcoin. Doing a good research is often difficult and some people want to make a profit by mining.
But is it really a good idea to generate profits from mining?

For mining, it needs to be mentioned to know about very technical details.

Normal people would hire or call a computer specialist to set it up and whenever a problem arises, you need to call him, which will cause extra costs.

Mining is involved directly in Computer Technology and requires special technical knowledge most common people don't have, if not studied.

Hosted miners or Cloud Miners are even charging a fee to set up and operate mining devices which will decrease your mining rewards even more but you won't have to care for technical details to set it up and maintain it.

Well mining ain't bad one can actually a some good amount from mining, but it requires some technical knowledge inorder for it to be carryout. While holding don't requires such knowledge before one can start holding, with just the basic knowledge of Bitcoin and some principles one can gladly go into holding without any stress. Still both are still profitable depending on the individual .