BTC Mining vs Buying - page 15. | Bitcointalksearch.org

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: BitcoTK on January 09, 2018, 12:13:58 AM

I think Buying is good.Mining is not bad.But we can save our time in buying.(cloud mining is not safe)

buying is good all the time when compared to mining as mining requires a good amount of capital in order to start with. however there were still users that prefer to mine because they are in a place or a country with low cost electicity consumption or usage and also the advantage of mining is that it can work substantially without the need of human supervision or in short it can work passivelly unlike to buying that you need to monitor the market oftenly in order for you to buy and sell your coins.

Ryanpaul80

newbie

Activity: 294

Merit: 0

Btc mining vs Buying? I think that bitcoin mining will win because there is no back cause and bitcoin buying will cause you a lot of money to spend than mining because it will go bigger and bigger value and you not spend anything just mining tool

BitcoTK

newbie

Activity: 172

Merit: 0

I think Buying is good.Mining is not bad.But we can save our time in buying.(cloud mining is not safe)

cherryganda

full member

Activity: 728

Merit: 131

I would just buy the dip and store it or make a good trading and investment than buying a mining rig,
especially to those countries with such a high price electricity, in mining, you need to pay for bills in electricity for your consumption and air-condition and cooling for the rig.

Asusnumbaone

member

Activity: 246

Merit: 13

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.

Buying is more profitable and easy than mining a satoshi or bitcoin. Mining takes a lot of patience and effort compared to buying bitcoin and waiting for its price to rise then sell to earn profit then repeat again.

jollyreti

newbie

Activity: 29

Merit: 6

Agreed, farming aka mining does not work any more unless you are from east of Russia or China, in all other cases it is better to work with buying/selling.

altGear

jr. member

Activity: 73

Merit: 1

PRiVCY

It really depends on what you enjoy...the bigger your rig and better your electricity cost the more profitable mining can be! Ask pro miners with big 14GPU rigs and these guys are paying off their rig cost in a few weeks or months...buying to invest in good new strong projects with strong fundamentals and HODLing for a price surge can be profitable...trading can be profitable but you want proper education, training and may want to throw in some money to get first hand experience learning how crypto markets function (I studied forex for 1.5yrs before getting into crypto..there are differences and similarities between forex and crypto)...the more you enjoy trading or mining, the more successful you will be...love what you do brother and success will find you!

removebeforeflight

sr. member

Activity: 696

Merit: 258

Mining Requirement:
Hardware, high electricity, place to setup, trouble shooting when problem arouse and monitoring.

Buying Requirement:
Just spend some $ and bit research on the crypto.

The above is the requirement for both and you can choose which one is better suits for you.

reymartH

member

Activity: 112

Merit: 11

If you have enough time and money to invest in Bitcoins then go for mining otherwise buying Bitcoins is more easy. Bitcoin mining requires high speed computers and efficient hardwares. Mostly it can cost from few hundred to thousand dollars. Bitcoin by default will make mining a difficult task with time.

Javathon

member

Activity: 169

Merit: 10

It is easier to buy today. You would need a bigger capital and a larger mining equipment to make mining profitable

Despacito

full member

Activity: 280

Merit: 100

Quote from: Altero on January 08, 2018, 05:27:28 PM

Quote from: Valentina N on January 08, 2018, 03:58:56 PM

I will say its all depend on many factors but if you can try both then I will recommend use all the opportunities to make your life better! Tradings, bounties, maning try all your best and you will understand you perfect way! I wish you good luck!

Exactly, it is better to risk our life than to do nothing. Today's event, we really need to risk something in order to survive. Because both mining and buying still have 2 possible results either losing or gaining, but if you really know the trend it could be possible that only have less chances of losing your money and more on profit.

We are taking the risk on purpose. We need to benefit from bitcoin ecosystem. For this, you can both create your mining sets, or provide some capital to buy bitcoin with your pocket money. These are the needed things.

edsnow2017

jr. member

Activity: 70

Merit: 4

ok I just thought that and put in some perspective

in bitcoin mining you need to have a big amount of money to start.Ff you are trying to make your own mining rig
a mining rig. because a mining rig deals great amount of electricity and gives you higher electric bill.
mining is profitable but needs a time to get your investment back

In bitcoin buying and selling this is suggested if you don't have a big amount of money to invest
you can try to start earning bitcoins through other crypto currency via trading but trading crypto needs skills
to give you a great return of investment.

lasty bitcoin mining and trading are both profitable but needs patience and time to get a return.

tekimebounty

jr. member

Activity: 51

Merit: 10

Altcoin mining is best for now.

Altero

full member

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Quote from: Valentina N on January 08, 2018, 03:58:56 PM

I will say its all depend on many factors but if you can try both then I will recommend use all the opportunities to make your life better! Tradings, bounties, maning try all your best and you will understand you perfect way! I wish you good luck!

Exactly, it is better to risk our life than to do nothing. Today's event, we really need to risk something in order to survive. Because both mining and buying still have 2 possible results either losing or gaining, but if you really know the trend it could be possible that only have less chances of losing your money and more on profit.

raisulmushfeq

newbie

Activity: 34

Merit: 0

Mining and buying are for different kinds of people. Miners take the risk so that they may get enough bitcoins in the future to pay for their investment even without depending on the price much. Buying bitcoin means you will only see a profit if the price rises. So both of the sides have their reasons and if I could choose, I would choose to mine if possible.

Valentina N

full member

Activity: 798

Merit: 103

https://www.swanfinance.io/

I will say its all depend on many factors but if you can try both then I will recommend use all the opportunities to make your life better! Tradings, bounties, maning try all your best and you will understand you perfect way! I wish you good luck!

spinno

member

Activity: 126

Merit: 10

buying Bitcoin is the best investment for now. profit obtained from mining isn’t as much as before because of the level of difficulty is very high, if you have a great amount of capital then mining can be profitable and can provide you a stable profit but your income will just stuck on that amount.
Well, If you have a lot money to invest in bitcoin you should consider starting bitcoin mining because it is very profitable these days. And if your capital is small and you want to a bitcoin experience I suggest you should go ahead and buy bitcoin on sites like Coinbase or Luno.com

casparthefriendly

member

Activity: 84

Merit: 10

Quote from: Kprawn on November 07, 2017, 11:36:38 AM

You have to be specific... what mining are we talking about? Bitcoin mining is definitely not very profitable for the "small" guy

That's not true! I started with a dinkiy S2 and have been making a profit ever since.. So OP don't listen to this guy. If you get low to free electricity and get a decent deal on a miner, then Mine ON!

cybersofts

copper member

Activity: 658

Merit: 284

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.

Well, If you have a lot money to invest in bitcoin you should consider starting bitcoin mining because it is very profitable these days. And if your capital is small and you want to a bitcoin experience I suggest you should go ahead and buy bitcoin on sites like Coinbase or Luno.com

pushups44

sr. member

Activity: 868

Merit: 281

Buying bitcoin is the easiest way to obtain it. Cloud mining is notorious for its costs and poor returns, generally. However, some people swear by mining. Also, mining equipment is loud and can be very bothersome over time, especially to get sleep if it's near your bedroom.

Topic: BTC Mining vs Buying - page 15. (Read 4994 times)