Topic: Bitcoin Mining vs Buying (Read 708 times)
at this price. i think mining is not good
I wish I could still mine, I just buy btc now whenever I can. Even though people are saying mining is becoming more profitable now than before, just getting hold of the machines is difficult plus paying a big premium. Most people are better off just purchasing.
If you compare with current price then I will suggest you to buy Bitcoin than Bitcoin mining. Bitcoin mining is profitable when price goes to high. But at the low price, Bitcoin mining can't bear a good profit. Even there is chance to lose capital.
Is it better to get BTC via mining or buying now?
It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now?
If yes, any suggestion? There are quite many cloud miner in the market.
It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now?
If yes, any suggestion? There are quite many cloud miner in the market.
Mining bitcoin is not too profitable anymore because the price of bitcoin was decreasing in the market.
But i see a small rising price in crypto market that maybe the sign of the beginning of market recovery.
Cloud miner have high risk, i always avoid it because most of them are fraud. Better mining with your own rigs.
i think mining it's not worth now because the price of bitcoin is still cheap. buying coins now and holding it for the long term is more profitable than mining now I think
Bitcoin Mining:
Bitcoin Mining is only Possible in Developed Country like United States, England, Canada etc. Because of Bitcoin mining needs extraordinary Graphics Card and It cost so many Money. Even though It takes huge money for start mining it mines slowly. So, in my opinion, bitcoin mining is not so profitable than buying. If you start Mining then you need lot's of expensive electronic instrument and if one instrument gets damaged or ineffective then you lose lots of money. Because there is no guaranty for an electronic device.
Cloud Miner:
Yes, there are many cloud miner in the market but maximum cloud miner company are fake they sure do scam with you when you invest with them. Maximum company asking you to send them some bitcoin for withdrawing your mining coin. There are few legit cloud miner in the market But they give you a small profit. Cloud mining takes huge time for mining coin. In my opinion, you should not invest in cloud miner company.
Buy Bitcoin:
This is the right way to get some profit from bitcoin. But all the time is not the right time to buy Bitcoin. You should Buy Bitcoin when its price goes down like $3000-$3100 and Sell bitcoin when its price rise. Like $4000-$4500 in my opinion. I also buy some bitcoin when its price $3100 and I am waiting for its price $4000. So buying bitcoin is more profitable than Mining. Because Mining needs huge capital on the other hand Buying to need a small capital. You buy any kinds of an amount you wish. So I choose Bitcoin Buying.
Bitcoin Mining is only Possible in Developed Country like United States, England, Canada etc. Because of Bitcoin mining needs extraordinary Graphics Card and It cost so many Money. Even though It takes huge money for start mining it mines slowly. So, in my opinion, bitcoin mining is not so profitable than buying. If you start Mining then you need lot's of expensive electronic instrument and if one instrument gets damaged or ineffective then you lose lots of money. Because there is no guaranty for an electronic device.
Cloud Miner:
Yes, there are many cloud miner in the market but maximum cloud miner company are fake they sure do scam with you when you invest with them. Maximum company asking you to send them some bitcoin for withdrawing your mining coin. There are few legit cloud miner in the market But they give you a small profit. Cloud mining takes huge time for mining coin. In my opinion, you should not invest in cloud miner company.
Buy Bitcoin:
This is the right way to get some profit from bitcoin. But all the time is not the right time to buy Bitcoin. You should Buy Bitcoin when its price goes down like $3000-$3100 and Sell bitcoin when its price rise. Like $4000-$4500 in my opinion. I also buy some bitcoin when its price $3100 and I am waiting for its price $4000. So buying bitcoin is more profitable than Mining. Because Mining needs huge capital on the other hand Buying to need a small capital. You buy any kinds of an amount you wish. So I choose Bitcoin Buying.
Best Regards
Coin-Desk
As far as I know, mining is not profitable to produce now, but to look at future growth. I never mine bitcoins as it is better for me to buy them.
Is it better to get BTC via mining or buying now?
It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now?
If yes, any suggestion? There are quite many cloud miner in the market.
Many people leave to mining just reason in the market volatility. Mining is loss project because it will cost a lot of accessory (Electricity cost is a big deal) but it dose not get any benefit accordingly. Better way to BTC investment i think.It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now?
If yes, any suggestion? There are quite many cloud miner in the market.
Is it better to get BTC via mining or buying now?
Firstly it does not matter where Bitcoin comes from, it just depends on how much you believe. So if you do not see its future brightly, why waste your money on getting it?Secondly as far as I know, the market price of Bitcoin is lower than the price of mining. In addition mining tools are renewed frequently and it is impossible to get against it. So it might be better to collect from cheap price for now.
Bitcoin mining is not an option anymore nowadays.. The mining costs now more than your profit and you would earn nothing right now. There are many good mining companies went down and lots of people loose their investments lately. That was great opportunity in past few years but not now. So buying and hodling seems way better right now.
Is it better to get BTC via mining or buying now?
It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now?
If yes, any suggestion? There are quite many cloud miner in the market.
Many people leave to mining just reason in the market volatility. Mining is loss project because it will cost a lot of accessory (Electricity cost is a big deal) but it dose not get any benefit accordingly. Better way to BTC investment i think.It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now?
If yes, any suggestion? There are quite many cloud miner in the market.
Is it better to get BTC via mining or buying now?
It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now?
If yes, any suggestion? There are quite many cloud miner in the market.
For me, its better get bitcoin through buying than creating mining. Actually, its hard to earn with mining because doing this kind of stuff you need big amount of money and worth of mining is more than 1 bitcoin. So basically, just prefer to buying bitcoin than mining.It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now?
If yes, any suggestion? There are quite many cloud miner in the market.
I think get bitcoin with mining way is not profitable right now since the downfall of Bitcoin rate because the electricity and others cost for mining is very huge and the mining result can not cover the cost. So, better to buy in the market and trading it to gain the profit from trading.
In most cases, Bitcoin mining is more profitable than buying. However, because the rate and value of the coin is exceptionally low at this point.This is why it is recommended that you buy Bitcoin instead of spending time in mining it.
Mining of bitcoin is capital intensive though you will make more of bitcoin through mining. I will prefer to buy bitcoin and hold than mining because of the huge amount of fund involved. The equipment needed must be complete before you can start and the energy needed also must be steady. I rather raise money to buy and save myself the mining hassles.
In my country assembling the rig and then run it over costly electricity is not that wise move. Buying is mostly preferred and there are miners to my knowledge who bought cheap rigs and now they are still mining. But for me, it is just buying when needed and when I can. But being a miner has some positive sides as well, the fluctuations don't bother you most and at peak time it's quite an awesome time for miners.
In my opinion. you better buy bitcoin instead of mining. now the price of bitcoin is very affordable and keeps moving down. so we can buy bitcoin at a relatively cheap price without having to buy very expensive mining equipment. and we can get bitcoin with a short time and don't need a lot of electricity.
for me mining has to include the energy supply that needs to be renewable... if you can get your miners to work with free energy you will become mostly independent of market flutuations...
people say that buy and trade is better, but they forget that the price can fall...
people say that buy and trade is better, but they forget that the price can fall...
Prices that dip down and by buying will be far more profitable than bitcoin mining, and buying is more likely to get tangible benefits.
For mining their are various factors like electricity cost, rentals , equipment costs etc . While in buying Btc you directly can buy and sell whenever you make profits or hold for long term . Also ROI is long in mining and can take couple of years to recover money which is a long time
it's better to buy, safer and more certain. it's clear that if you buy on an exchanger, bitcoin is definitely landing in the wallet and we just have to wait for the price to rise. if we are minning, there could be some problems with the hardware or software used for minning, and the capital that is spent is also large, the cost of electricity bills is also large.
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