Whenever I talk about cryptocurrency with my friends, they ask me whether mining is better, or investing it. To be honest, I will tell you that investing in the currency is better than mining it. Unless of course you are living in an area where the electricity is cheap, and you have enough money to make your own mining rig, then go ahead with the mining, but if electricity is not cheap, and you don’t have a lot of money to build a mining rig, then investing in the currency is a better.
With that said, if you are looking for information, then checking out the Cryptocurrency Codex is definitely a good idea because it will help you have a better understanding of what you should buy, and what you should not get. With that in mind, today, I am going to look why investing in cryptocurrency is better than mining it.
You Don’t Have to Spend a Lot
Simply put, you are not investing a lot of crazy money in cryptocurrency when it comes to investing it. However, you also need to know that mining is not going to be cheap; there are several factors; for once, the electricity cost is stupidly high in many areas, making the ROI not so viable.
Better If You Want to Make a Quick Buck
Another reason why investing is better than mining is that you want to make a quick buck. With mining, that is not possible because you are going to have to wait a lot in return to get a proper return on investment. So, just keep that in mind whenever you start thinking about mining the currency. At this stage, it is not a good idea, so it is better if you avoid that.