BTC Mining vs Buying - page 17. | Bitcointalksearch.org

ErjayR15

newbie

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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.

Mining is going more unprofitable but buy and hold is easer and you don't worry about electricity, etc

subSTRATA

legendary

Activity: 1288

Merit: 1043

:^)

Quote from: ?? on ??

I buy some bitcoins each month and also I buy hashpower somewhere, seems some of minging are good, but mostly losing money.

if it's losing you money, then how is it good? cloud mining are mostly ponzi schemes anyways, you might as well get out while you can.

Quote from: parassinghal on December 11, 2017, 06:10:40 AM

Its better to buy the bitcoins rather than mining. Because in mining you need resources and continue monitoring of the resources and you will also need continue connectivity with internet with high speed. So that thing i think will be less profitable than buying.

how so? mining is pretty low maintenance, proportional to the size of the mining operation that's being run. maintaining an internet connection? buy a plan that fits your needs and is reliable. something breaks? fix the problem every now and then. it's really low - effort, almost no effort required in something small like a home operation.

Quote from: royromales on December 12, 2017, 05:08:21 AM

I think BTC mining makes it easier for BTC to mine than to buy mine because it's a coal mine so if I choose BTC mining just because it's easy to mine

as above, the maintenance might be minimal, but the setup, especially in larger setups, can be daunting.

royromales

member

Activity: 163

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I think BTC mining makes it easier for BTC to mine than to buy mine because it's a coal mine so if I choose BTC mining just because it's easy to mine

wer9d25gqj

newbie

Activity: 46

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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.

since the prediction of bitcoin is its value is still going higher this coming years, i would suggest that buying is much more profitable now than mining. because mining is getting harder and harder every day which means also higher electricity bills besides there is also the maintenance of the hardware.

Wong Gendheng

sr. member

Activity: 1428

Merit: 252

I do not understand the technical matters of mining, have bought S5 a year ago but I can not use because I do not have more time for mining, other than that the cost of electricity at that time is so expensive that I prefer buying than mining.

abattoirs02

newbie

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i choose buying

imking

full member

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Merit: 117

Mining bitcoin and buying bitcoin are worthy to get extra income. We can do it together mining and buying because I believe to the saying the more entry, the more chance to win. If you have to resources, it will better.

SupportBitcoin

member

Activity: 151

Merit: 10

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.

With the price surge it does make Bitcoin more appealing to miners. It is now worth their time. Still, the average household has to look to altcoins to make a profit. Large corporations are still the main players in mining Bitcoin.

fbcvgtca

newbie

Activity: 38

Merit: 0

Cloud mining is not reliable, at least I contact most of the case, the rate of return is very low, it is better to buy their own machine mining. In addition, if the mining company runs the road, you will suffer heavy losses.

MJG24

newbie

Activity: 14

Merit: 0

Buying is better than mining because the returns is faster than the former option. But, if you want to do both to have more ways to have income, it is up to you.

Iceblast

full member

Activity: 783

Merit: 100

I feel mining btc and buy btc have to use a fairly large capital, so maybe just different way of work that distinguish both, in terms of profit I feel the same and only slightly different.
it can be your own choice based on a mature calculation

mintomia199

full member

Activity: 201

Merit: 100

both of them are good to get profit.for mining you need to have a good computer with a good graphics card.otherwise it will not be easy to get coin.buying bitcoin has a bit risk and it needs experience to make a wise decision.

rfcdejong

hero member

Activity: 798

Merit: 500

At the moment, you need to invest a lot of money in equipment, now the complexity of mining bitcoin is very high. In my opinion it is better to mining altcoin or buy bitcoin.

RavenHood

full member

Activity: 294

Merit: 105

In my opinion, both sides is an excellent way to gain bitcoin. If you have resources and money to buy miner, it will be better, because you can obtain bitcoin with your miner. In mining, you need to know what is the better setup for your miner or computer. In buying bitcoin, is like trading you will purchase bitcoin at a lot price and sell it for your sufficient amount.

Wildwest

sr. member

Activity: 1701

Merit: 308

Actually buying Bitcoin is the profitable ways. Buying in the cheapest price then holding for a long time wait for the price goes up and sell it. Than mining is need to have big money to have mining tools not only that you must to pay another bills like electricity cost that require much watt.

zs304221143

newbie

Activity: 2

Merit: 0

Quote from: Gintama214 on November 18, 2017, 09:58:54 PM

I would actually recommend on just buying BTC because mining will be just a waste of time and money. Instead of buying a high end antminer for mining you can just buy BTC and invest from it, why would you make yourself struggle to get back your money from buying an 1K$ machine when you can just invest it directly?. am I right?. Mining was profitable when the price was really low because it was easy and there was really not a lot of people who were investing and knew about bitcoin that is why before it was profitable but now its hard and waste of energy. The price surge actually made mining very hard. If I were you i would just invest it straight to bitcoin and earn from it that's my suggestion. Good luck. Wink

Mining and buying bitcoin both are good job for earning bitcoin but I want to tell you something about mining that mining is difficult and expensive and more risk job then trading bitcoin because mining need high amount of electricity and also you need to install full set up of mining devices.

DoublerHunter

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Quote from: parassinghal on December 11, 2017, 06:10:40 AM

Its better to buy the bitcoins rather than mining. Because in mining you need resources and continue monitoring of the resources and you will also need continue connectivity with internet with high speed. So that thing i think will be less profitable than buying.

It really depends on the risk that a person wants to take. If the person want to take a high risk with a high chance of getting a huge return then buying bitcoin or buying the coin that he want will be the best but if the person want to take a minimal risk and slowly but surely gets his investment back then it is best to go for mining.

parassinghal

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A BLOCKCHAIN SOLUTION TO DISRUPT TRADE FINANCE

Its better to buy the bitcoins rather than mining. Because in mining you need resources and continue monitoring of the resources and you will also need continue connectivity with internet with high speed. So that thing i think will be less profitable than buying.

globalking

copper member

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POINTPAY

it was profitable earlier but now it does not make any sense because the difuctaly rate is very high and you need high end machines to mine it so it is better to buy bitcoin rather than mining it.

laluna24

full member

Activity: 511

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Quote from: haileysantos95 on December 11, 2017, 05:25:43 AM

If you have a large capital to invest in mining then go for it, it will be more profitable for you later in the future, buying bitcoin as well would be profitable it depends on how much capital do you have, both can be profitable but mining gives more profit as time goes by.

Yes both are profitable I have no questions on which is good so both btc mining and bitcoin are really profitable. Investing in bitcoin will also give a huge profit later on because price surge anytime or in the future.

Topic: BTC Mining vs Buying - page 17. (Read 4988 times)