Hi Steemit Users,
I want to discuss the Pros and Cons of Alt coin mining vs Investment in Golden Fleece token.
Altcoin Mining.
Pros:
*own equipment, own profit
*helpful in holding the token.
Cons:
*Asics and Rigs are very expensive and are not that easily available(it is sold in black and you can be easily mocked).
*maintenance is very expensive and take 24/7 involvement.
*No power backup means, more down time means low profits.
*ROI can take more time than expected due to fluctuation in the market.
*With increasing number of miners soon you will need to upgrade your graphic cards to increase the hash rate, that will mean even more losses.
Golden Fleece
Pros:
*I dont have to take care of all the cons above ,will just have to check my exchange and if they are in profit I will be in profit.
*I can start small (as low as buying 1 GFL).
*I can earn equal amount by selling whenever I want in exchange and get my ROI out whenever I want.So less risk.
Cons:
- I cant see many cons other than my satisfaction level of looking at my machine and terminal.
I am open for discussions and opinions for the same.