BTC Mining vs Buying - page 10. | Bitcointalksearch.org

reda

sr. member

Activity: 910

Merit: 260

Quote from: candy69 on March 09, 2018, 11:49:53 AM

For mining, you have to invest a lot of money and there is also a question mark about profitability. You should buy bitcoin and hold for long-term and it would be profitable.

Both process you will be start. First check the process then invest. It good opportunity for the future growth. Mining is also network process. coin prices is any time to change. So if need to buy the coin. check the coin price before buy. This information help for plan to work. Mining is good investment. So before invest you learn the process. Then use to start.

candy69

member

Activity: 392

Merit: 12

For mining, you have to invest a lot of money and there is also a question mark about profitability. You should buy bitcoin and hold for long-term and it would be profitable.

GoldnOil

newbie

Activity: 63

Merit: 0

as a hobbyist; mining might be profitable..... as you own only one Rig or a single Antminer. But if you plan to go all in; like 10+ miners or 100+ miners then you have to take into consideration:
1. your electric cost
2. your weather conditions.
3. fire safety requirements (yes they can overheat and burn.... )
4. Room Static Pressure

Therefore, I will suggest for small investors with less then $100K in Crypto its better to buy and hold....

Mining is profitable for serious investors with $1m+ of investment... they can start and learn with as low as $30K and then can rapidly expand after learning the trade....

rajuahmed763

member

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🔥 Ultimate Launchpad on TON 🔥

Quote from: sicparvismagna on November 07, 2017, 10:22:18 AM

I would prefer buying than mining sir because it does not require a lot of your time and money because in mining you need to focus your time most likely everytime you need to stay tuned and be active on the internet while in buying you just to monitor the price you said it yourself the price surge if that would be case then isn't the appropriate time to buy bitcoin because you never know the price could surge again

I agree with you. Because time waste and Price of parts and electricity bill, overall it is costly.
In other hand, buy bitcoun no need time, just need money. If you have good amount for buy bitcoin, I really suggest for buy. Its great time for buy.

Nyeyzel

jr. member

Activity: 168

Merit: 1

For me buying bitcoin is more comfortable you will just need money. In mining, it requires a proper set-up, buy expensive materials for mining. Both are a possible source of income but in different ways. I want to do both, in earning bitcoin investing first and if I have proper amount money to buy mining tools I will buy some.

geegaw

hero member

Activity: 1316

Merit: 502

Quote from: biboy on March 09, 2018, 10:51:22 AM

Quote from: Genamant on March 09, 2018, 10:12:47 AM

Quote from: windsee on November 07, 2017, 10:18:57 AM

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.

Thanks.

If you have the money to do both then i Suggest you do both. Setup a mining rig and buy some bitcoins. You still need to read and do research though about bitcoin and mining. And if bitcoin mining is not profitable you can mine other coins.

for those who are willing to go with mining then it is okay to do it just make sure that you have the knowledge in what you are doing, if not then ask for those trusted people and let his set up your mining. But for me since I don't have the guts to do mining then I am just trading or buying coins.

Personally, I feel mining is only suitable for people with huge capital, it will help them quickly recover capital and achieve great profits, but that's what I would say to others in the past, in the present time, bitcoin mining is too much competition and more difficult to exploit. Engaging in will not be a wise idea, buying bitcoin will be better and it matches the conditions of many people, the value of Bitcoin will soon rise higher, we will restore capital and make quick profits, especially when the market is bleeding and bitcoin has a very low price

doaremon

full member

Activity: 532

Merit: 100

I think I would rather hold than selling or buying. Bitcoin price is lowered now but that doesn't mean that it will be like this for the future. In future, I strongly believe that the price will be high. To me it's just a matter of time. If you see the price of last year then it was sometimes up and sometimes down. But starting with 7000$ and ended up with 16000$ around, tells you the future of Bitcoin. So day by day the price will be high.
If you sell now then you may not get the proper Price. But if you hold it and when the price will be high then you will get the proper Price. Jusy be patient. That's the key for now I think.

fbastage

full member

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Quote from: WiiD on March 09, 2018, 11:03:55 AM

Quote from: fbastage on March 09, 2018, 11:03:20 AM

Quote from: WiiD on March 09, 2018, 11:02:40 AM

Sooner or later the number of jobs the miner will be reduced. It will become more difficult to extract, and not everyone will be able to afford the appropriate equipment.

I think you can earn money most of all those people who have been doing this for a long time. It will be more difficult for newcomers to take a vacant place.

If newcomers will understand more and have better technology, then they will be provided with a workplace.

But those who are engaged longer, have more experience and they will offer us something interesting faster. And they will respond faster to changes, because they know how it works.

WiiD

sr. member

Activity: 756

Merit: 250

Quote from: fbastage on March 09, 2018, 11:03:20 AM

Quote from: WiiD on March 09, 2018, 11:02:40 AM

Sooner or later the number of jobs the miner will be reduced. It will become more difficult to extract, and not everyone will be able to afford the appropriate equipment.

I think you can earn money most of all those people who have been doing this for a long time. It will be more difficult for newcomers to take a vacant place.

If newcomers will understand more and have better technology, then they will be provided with a workplace.

fbastage

full member

Activity: 367

Merit: 100

Quote from: WiiD on March 09, 2018, 11:02:40 AM

Sooner or later the number of jobs the miner will be reduced. It will become more difficult to extract, and not everyone will be able to afford the appropriate equipment.

I think you can earn money most of all those people who have been doing this for a long time. It will be more difficult for newcomers to take a vacant place.

WiiD

sr. member

Activity: 756

Merit: 250

Sooner or later the number of jobs the miner will be reduced. It will become more difficult to extract, and not everyone will be able to afford the appropriate equipment.

Thadeous

copper member

Activity: 588

Merit: 17

Quote from: windsee on November 07, 2017, 10:18:57 AM

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.

Thanks.

Need to clarify:
- buying when?
this topic was posted Nov 7, so the situation on the crypto market significantly changed...
- mining how?
are we talking about building your own mining rig or buying cloud mining contract?

akmittal

full member

Activity: 252

Merit: 102

At present buying of Bitcoin is cheaper than Mining Bitcoin. Mining needs hardware, Software, Technical skill. Whereas buying is very easy and no time consuming. In both way you need to invest the money.

Crystacool

newbie

Activity: 98

Merit: 0

Quote from: windsee on November 07, 2017, 10:18:57 AM

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.

Thanks.

I prefer to buy bitcoin directly. It's more convenient and fast, and I can get a lot of bitcoins right away. Mining bitcoin requires a lot of money to buy equipment, mining bitcoin's daily bitcoin output is low, and it takes you a long time to earn your money back.

biboy

full member

Activity: 406

Merit: 110

Quote from: Genamant on March 09, 2018, 10:12:47 AM

Quote from: windsee on November 07, 2017, 10:18:57 AM

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.

Thanks.

If you have the money to do both then i Suggest you do both. Setup a mining rig and buy some bitcoins. You still need to read and do research though about bitcoin and mining. And if bitcoin mining is not profitable you can mine other coins.

for those who are willing to go with mining then it is okay to do it just make sure that you have the knowledge in what you are doing, if not then ask for those trusted people and let his set up your mining. But for me since I don't have the guts to do mining then I am just trading or buying coins.

KingOfWinterfell01

full member

Activity: 504

Merit: 100

Quote from: windsee on November 07, 2017, 10:18:57 AM

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.

Thanks.

I highly doubt bitcoin mining is still profitable this 2018 since thr crash of January this year. Even if the price of each bitcoin is cheaper, the distribution of bitcoins during mining is small as well making no difference at all. Just stick to buying and trading.

YzzyGo

newbie

Activity: 196

Merit: 0

From what I hear, only big companies with mining farms earn lots since aside from mining themselves, they "rent out" hash power to others. They have strategically placed their farm in places with low power costs and colder. If you meet these criteria, then it is better to mine.

pleght

full member

Activity: 252

Merit: 100

I do not think the bitcoin mining is reasonable now.Miningte makes more sense to turn to the bottom coin to make profit.I prefer lower coins.

Genamant

full member

Activity: 730

Merit: 102

Trphy.io

Quote from: windsee on November 07, 2017, 10:18:57 AM

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.

Thanks.

If you have the money to do both then i Suggest you do both. Setup a mining rig and buy some bitcoins. You still need to read and do research though about bitcoin and mining. And if bitcoin mining is not profitable you can mine other coins.

JL421

hero member

Activity: 812

Merit: 510

It depends on the situation if mining is profitable for you in long run than buying now prefer mining , do keep the increasing difficulty in mind and also the electricity costs
Currently Venezuela is the most profitable place to mine it cost around 600$ worth of electricity to mine one bitcoin and second place is saudi arabia with 2200$
If you can keep the miner running efficiently do mining otherwise just buy it

Topic: BTC Mining vs Buying - page 10. (Read 4988 times)