Topic: BTC Mining vs Buying - page 11. (Read 4994 times)
in my country the price of minning machine is more expensive and the electrical prices is differrent from other purpose
Depending on which part of the world you are, and the electricity cost.
Also depending on how much money you have available for buying.
"Buy the Dip" is a general rule.
I would say "Buying" if you got capital available.
And mining if you have low electricity cost.
Also depending on how much money you have available for buying.
"Buy the Dip" is a general rule.
I would say "Buying" if you got capital available.
And mining if you have low electricity cost.
Can I do bitcoin at home?
I think both are good but I suggest mining that does not have the capital and vice versa if we have the capital to buy bitcoin should we buy directly because if the mining process see the results fairly long and not necessarily pay.
this is all my advice
I will also in both mining bitcoin and buying. Because the two things are they same it can give you a bigger profit. If you have a bigger capital then buy as you can in bitcoin and make it as your saving. Wait the right time when you want to sell. When the price in the market are going higher so it is the time to sell your bitcoin. And in mining search the best ICO and have a good project. Read their whitepaper and what is the goal of their project. If you find that it is good ICO then join their campaign. So that you can earn a bigger profit. this is all my advice
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 would like prefer you to Buying Bitcoin. Because of it's easier than Mining here you just need monetize the price at market and when it's increasing or if profitable for you to sell than you can sell it. 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 want to find safe you can bitcoin mining, but if you dare to take risks you can buy bitcoin and sell it at high prices. because bitcoin prices go up and down drastically so you should be able to take advantage of that moment.
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.
You should probably buy now if you are asking me. Take advantage that the price of bitcoin now is dropping because it will be all worth it. Hold all you have bought for atleast 4 months and wait for your profit. Mining is not very profitable today since as we all know the value of what they are mining is decreasing but the price of electricity of many countries are still stable. 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 think is better is buying because you cannot wait to earn bitcoin while mining you use to much time while you were waiting in buying you buy and you can trade or you can build your own business.But mining is good to the people who didnt afford the price of bitcoin.
I think both are good but I suggest mining that does not have the capital and vice versa if we have the capital to buy bitcoin should we buy directly because if the mining process see the results fairly long and not necessarily pay.
this is all my advice
this is all my advice
If you have money, you can invest, but if you have time you can mining. Everything depends on your possibilities.
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.
Mining requires a lot of resources. It will definitely needs a lot of your time and effort setting the necessary equipment for mining, and guess, the price is not a joke. Unlike in buying, you have the complete control on how much you can afford to invest. But both are efficient ways of earning bitcoin, just depend on your capability and strategy. 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.
At anytime , mining profit is all about the cost of electricity, if you can find a source which could bring you cheap electricity so you could earn the profits from mining at anytime.
I think both for me because buying bitcoin will be a simple thing and not a hassle. but, the benefits are in get, of course minning is always greater than buying. as people say, the bigger the profit, the bigger the stakes. if you're great in minning, I think that would be something nice.
It is easier to buy Bitcoin than mine it. In Bitcoin mining, if you purchase the hardware yourself. You will have to pay for high electricity cost to run the hardware as well as cooling units. There will be regular maintenance cost. If you have enough time and money to invest in Bitcoins then go for mining otherwise buying Bitcoins is more easy.
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 through direct purchase, which is more convenient and quick. If you want to tap into bitcoin, you need to spend a lot of money on equipment, and you have to wait to get it. 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.
It is quite expensive occupation, you need not only to get expensive equipment, you still need to pay very big bills for the electric power, and hardly you will manage to establish your farm of the house.
If you want to do mining and you have money for this, then please. But I would advise you to take all this money and just invest in bitcoin and some altcoins.
I prefer to buy, as it is much easier than mining. Although at the beginning of his cryptocurrency career and considered this option as mining, but quickly abandoned it.
To invest large sums in a bitcoin digger, I think I will not do it. Because I see to invest a lot of money into bitcoin mining technology, how many years can I make a profit from it? If it was me, I would choose to invest instead of mining.
Advantages of buying bitcoins over mining
1. Mining can get really expensive. Costs include buying the miner (a dedicated machine) itself, accounting for its storage, security, electricity costs and even internet costs, its maintenance and the long duration of time and efforts. Therefore, with the amount of initial investment, there are no extra profits.
2. The value of bitcoins can fluctuate while mining. Bitcoins can deflate in value and remain unstable in cases of technical glitches with the system or bitcoin exchange markets.
3. It’s instant — even the best bitcoin miners can take hours or days to mine their bitcoins. Buying on the other hand — is instant since you’re picking up pre-existing bitcoins.
4. The transaction fee is negligible compared to the costs for hardware, electricity etc. that you have to bear when mining your own coins.
1. Mining can get really expensive. Costs include buying the miner (a dedicated machine) itself, accounting for its storage, security, electricity costs and even internet costs, its maintenance and the long duration of time and efforts. Therefore, with the amount of initial investment, there are no extra profits.
2. The value of bitcoins can fluctuate while mining. Bitcoins can deflate in value and remain unstable in cases of technical glitches with the system or bitcoin exchange markets.
3. It’s instant — even the best bitcoin miners can take hours or days to mine their bitcoins. Buying on the other hand — is instant since you’re picking up pre-existing bitcoins.
4. The transaction fee is negligible compared to the costs for hardware, electricity etc. that you have to bear when mining your own coins.
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