WHICH IS MORE PROFITABLE?steemCreated with Sketch.

in #bitcoin9 years ago (edited)

BITCOIN-MINING OR THE BITCOIN MARKET?

Hello there so first you should know the basics on bitcoin or bitcoin-mining
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Bitcoin?

Basically bitcoin is the biggest Crypto-Currency Coin for its record breaking market jumps and Volume
of today having a value of $7700 and a volume of 10+ TRILLION=$
Bitcoin is fabulously and mysteriously the fastest climbing coin

Bitcoin-Mining

A way off letting the block-chain use your CPU/GPU to do task such as trades and mathematical operations to which when done the person who mined will get paid in the desired cryptocurrency

OK, were are going to consider some budget now lets say $250
you have $250 to spare on investing which one will you choose bitcoin or bitcoin-mining

by the way we can include other coins such as
ETH-Ethereum
BTC-Bitcoin
ETC-Ethereum-Classic
XMR-Monero
ZEC-Zcash
PASC-Pascalcoin
DASH-DASH
LTC-Litecoin

lets say you want to invest in bitcoin since of the massive fluctuations, so you want to buy bitcoin, to even use the bitcoin efficiently you must purchase the bitcoin at a trading platform such as Bittrex
at bittrex you can trade multiple currency to which you can buy low priced shares in the market so when the market rises again you will be able to make a profit
but if the prices dropped even further than when you bought you must not withdraw or you can invest more but if you withdraw when the stock price dropped your earinings will be less than what you invested meaning if you bought
$250 worth of bitcoin and called it at only 90% you will lose 10% of $250 which is $25 not even mentioning the brokers fee

BUT

Let me tell you this BITCOIN-MINING IS GOD MODE
because of just the recent spike people are going nutz for bitcoin plus bitcoin mining will earn you Bitcoin!!!
by amount determined by your hashrate
#to check your hashrate go to

cryptocompare.com/mining/calculator/BTC?
then just use the bitcoin calculator
if you want to get started here is what you need
#MATERIALS
a complete computer set
1.system unit
2.mouse
3.monitor
4.power supply

  1. and the basic windows 8 software
  2. (IMPORTANT) A nviada or amd GPU(graphics card)

to mine you can either choose
geth-in cooperation with eth-miner
or just use DUAL-CLAYMORE
here is a link
https://nanopool.org/
there a instructions for this program
but just first download claymores,s.dual...zip

just follow the steps given to you by the nanopool.org
and remember hugs not drugs

just do crypto-mining

if you want more of this pls let it reach $1

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Very good info and perspective...Upvoted and following.

Its just a continuation of bitcoin based on my experience and your post's

very useful information about bitcoin investment and bitcoin mining,thank you bro.

muy buena info amigo, felicidades voted

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