These both terms always confuses the people mostly new ones who came new in the cryptocurrency field. So i decided to write a article about what is better mining the cryptocurrency or simply investing and holding cryptocurrency for long time.
What I Choose And Why?
So almost 1 year ago I finally decided to invest in the Cryptocurrency. But question arises where to invest in?. Simply hold the cryptocurrency or Setup the mining rig and pay the electricity bill monthly and check time to time what is better to mine ,But i decided to mine. Now you must be surprised & want to know why i choose mining over holding.
Why I Choose Mining ?
I have 3000$ to invest in and I have good knowledge of hardware and software as I am Future Software Engineer also So for me it was very easy to handle and assemble my first mining rig. Lol now you must be thinking that setup for mining rig is complex but it not thats hard You have GOOGLE & YOUTUBE like good teachers So watching 4-5 videos about how to setup and you will be master in it. So back to the point why i choose mining ?. See i have limited amount of money and i am also not good at trading So i cant afford to invest the money in buying Cryptocurrency and holding it for years .But in mining you have many options if you feel you are not doing great in mining you can sell your rig even after 1 year at 60% of its original cost of setup plus you have your one year profit of mining also in your pocket.
In short In investing if by chance the price of cryptocurrency you holding goes down you will loose all your money.But if you choose mining you have hardware to sell to save you from drowing down .
LOL I forgot to tell at that time i setup 6*gtx 1060 6gb mining rig which gives approx 138Mh/s for etherum and i am still mining with this rig currently this rig giving me profit of 7$ approx for each day.
So comment guys what you choose between mining or holding and why ?