Bitcoin Forex Forum | Forex Community Place
Bitcoin Forex Forum
Forex Community Place
Results 1 to 6 of 6

Thread: What is the difference between the Altcoin trading and mining?

  1. #1
    Senior Member
    Join Date
    Dec 2017
    Posts
    1,196
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    6
    Thanked 27 Times in 31 Posts

    What is the difference between the Altcoin trading and mining?

    Can you guys enlighten me the difference between the two.

  2. #2
    Senior Member
    Join Date
    Dec 2017
    Posts
    1,217
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    7
    Thanked 25 Times in 36 Posts
    It is better to trade crypto currencies than mine them. You have a lot to consider in crypto mining.

  3. #3
    Senior Member
    Join Date
    Nov 2017
    Posts
    968
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    3
    Thanked 19 Times in 26 Posts
    You have to spend a lot of money paying your electricity expenses while you mine cryptocoin. Mining is a bit costly than trading. If I were you, I would prefer trading.

  4. #4
    Senior Member
    Join Date
    Sep 2018
    Posts
    633
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    38
    Thanked 13 Times in 27 Posts
    Mining costs a lot more than trading. It requires high-end equipment and a lot of energy consumption. This works for corporations or huge investors. But for small-time investors, I wouldn't recommend this.

  5. #5
    Senior Member ayazfx's Avatar
    Join Date
    Nov 2019
    Posts
    198
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    3
    Thanked 26 Times in 23 Posts
    is to give information or wisdom. To "inspire" is to motivate. "Enlighten" is rarely used today. But an example of a correct usage is, "I didn't know about the new rules until my boss enlightened me.

  6. #6
    Senior Member
    Join Date
    Sep 2018
    Posts
    647
    Accumulated bonus
    0.00 USD
    (What is this?)
    Thanks
    30
    Thanked 14 Times in 31 Posts
    Quote Originally Posted by Sendo12 View Post
    Mining costs a lot more than trading. It requires high-end equipment and a lot of energy consumption. This works for corporations or huge investors. But for small-time investors, I wouldn't recommend this.
    I agree with you. I tried to mine before and joined a mining pool but the reward is insufficient compared with how much it costed. I am earning better with trading.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Earn up to
$50 000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
Start trading without
any investments and risks
WITH NEW STARTUP
BONUS 1000$
GET BONUS
55%
from InstaForex
on every deposit