Is it profitable to mine or simply stay in trading cryptocurrencies? 6535
Glossary
Ashmita Dutta
Apr 18, 2018 at 2:21 PM

Mining in the last few years has been surrounded by challenges in comparison to trading. The significance to use computer for mining bitcoins or other cryptocurrencies has reduced. The prevalence of graphics cards is also considered insignificant. Only mining machines with ASICs are beneficial for generating cryptocurrencies. However, trading or buying crytocurrencies is easier than mining. Furthermore, the cost involved in trading is lesser than mining. The cost in trading includes security, storage, maintenance of electricity and internet facility.