Crypto Currency Trading or Mining – which is better?

raaman

Valued Contributor
Crypto currencies are getting more attention. Therefore a lot of people are trying to get into the field. But, things are not that simple. A lot of people are still thinking as to which activity is profitable, mining or crypto currency trading? Experienced people can easily answer this question, but this is a big challenge.
It is a challenge for those who have never known mining or trading activities. Therefore they need to get clarified this by analyzing the differences between the two methods of mining and crypto currency trading. Let us start with Bitcoin mining. Simply put, mining is when people use computer hardware to create new units of crypto currency. This is how we mint new coins to trade online.
 

Mika

VIP Contributor
Mining requires a huge investment, mining also requires a lot of money for maintenance and operation. You need to spend money on mining equipment, pay electricity bills for running mining rigs. You also need expertise to run run your mining operation. However, for trading you do not need a lot of money, you can start small and gradually increase your trading amount. There is risk in trading but you also do not have to work on your mining operation. You can let your trading work automatically.
 

Similar threads

Top