Topic: BTC Mining vs Buying - page 19. (Read 4988 times)
I would buy bitcoin. I heard mining BTC is really hard right now and you need super fast HW and lots of power.
I prefer to just buy bitcoin. Mining bitcoin is not a lucrative way of having bitcoin nowadays because of its high difficulty. Back then, when bitcoin is just fairly new, it was a great way of acquiring it and just hold it to have a good profit. Not to mention the cost to build mining rigs specially the graphic card which is very costly, and the high electricity cost it consumes just to mine. If you are going to just buy bitcoin, you can avoid this upfront cost. You just need to register in exchange sites and you are ready to go. It depends on you if you are going to hold or trade it to gain more bitcoin.
According to me view buying bitcoin is more easy and profitable job then mining bitcoin because mining is very difficult and costly job and also mining is very risky because you need to spend more money to buy mining devices and other installation system.
The advantages of mining Bitcoin over buying them include not having to deal with Bitcoin exchanges and not having to be concerned about receiving Bitcoin with a questionable history in the blockchain. If the Feds ever decide to “blacklist” certain Bitcoin addresses, any BTC under your control that has blacklisted addresses in its history on the blockchain would be forfeited (ie. lost). Plus, mining strenghtens the network and helps protect it from 51% attacks.
I will recommend 50% mining and 50% buying....just apply that strategy
To start cloud mining you can join these below sites that has been mining for me for the past 2years now...you just pay for the hardware and you receive your daily payment that all
1. Bitclub link http://bitclub.network/gbolly1151
2.Hashflare link https://hashflare.io/r/B2511EE2-Gbo
3. Btc pool link https://pool.bitcoin.com/index.html?code=6C0sIm
4. Via pool link https://pool.viabtc.com/?r=7512
5. Dragon mine link http://www.gbolly1151.dragonminingsystems.com
To start cloud mining you can join these below sites that has been mining for me for the past 2years now...you just pay for the hardware and you receive your daily payment that all
1. Bitclub link http://bitclub.network/gbolly1151
2.Hashflare link https://hashflare.io/r/B2511EE2-Gbo
3. Btc pool link https://pool.bitcoin.com/index.html?code=6C0sIm
4. Via pool link https://pool.viabtc.com/?r=7512
5. Dragon mine link http://www.gbolly1151.dragonminingsystems.com
I prefer mining because buying bitcoins is now quite difficult due to the high bitcoin value. Investing in bitcoin is now quite risky. You should buy bitcoin when it comes down, I'm also buying bitcoin.
Mining is not recommended. Without equipment and time, it is more efficient to buy a bit coin.
Mining and buying are both bring profitable if you know how to do that. Sometimes buying or trading makes more profit than mining. However, mining is making a certain amount of money so I prefer mining.
For us average users, we're much better off just buying the bitcoins. The initial investment needed to mine decently is too high and too risky, meaning you might never get a positive return on investment if you start mining (there are plenty of reasons for this, such as hashrate and difficulty increase and technology advancements on mining equipments).
I think Btc mining is better than Btc buying. But btc mining is not so easy thing. Btc buying is also a good but mining is best.
I think purchasing rather than mining is better for getting BTC. Mining is not efficient if equipment is not good.
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.
The averaged statistics show that investing is more profitable than mining. Look at the graph of bitcoin since 2010. Mining carries the risks of equipment breakdown + waste of time for equipment maintenance, its purchase, repair, renovation and so on. Or just bought and wait. 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 will be original, and simply tell you it really depends of your electricity price. If you leave in a country like China, Serbia, etc. when the electricity is really cheap, you can consider mining, in the other case, better buying directly, because the difficulty rise combined with your high electrical costs will in the long-term kill all the profits you made.
Mining and trading bitcoin is both good choice but according to me mining is more and more hard and tough job then trading. Trading is much easy then mining and also more profitable if you exprince.
Everything is much simpler here. If you are a techie, buy iron, if you can look into tomorrow, buy a coin. If not then neither - do not get involved, because most likely you will remain with nothing
You have to research between the two by trying mining and buying which will be more profitable between them and you will find your own answer than you ask with others
Bitcoin mining is network couniting process. It useful to future improvement and gather more information. If need to buy the bitcoin you will know the bitcoin pricess information and you will check the price every day it will give some idea for the buy and sell. Mining process is not easy to process.
You have to research between the two by trying mining and buying which will be more profitable between them and you will find your own answer than you ask with others
You can use both methods if you can, because both of these methods will help you have a very good income. If you know a lot about mining techniques you can dig a bitcoin. If you do not know you can choose to buy bitcoin to make a profit.
To be honest, I think that buying is better than mining as far as general users are concerned because mining is no more a causal part-time activity. In fact, it is a serious business now and we should leave it for those who treat it in that way. Everyone has received a unique gift in the form of some skills and if he can utilize it in an efficient manner then he can earn handsome amount from and buying the Bitcoin from that amount would be worth more than that of earning from mining (on noob level).
It is better to buy. It takes longer time for your investment to return if you go on mining. Bitcoin's price today is increasing fast so if you will buy today, your profit will start to increase as the price of bitcoin increases. Mining bitcoin is also inefficient today, it is just better to buy and buy bitcoin and hold it.
Yes miming is a time consuming activity where you will must wait for getting the return while in case of buying there is always a high risk because the fluctuating prices gave you the return instantly without waiting for long time so I prefer buying rather than mining due to the high profitability instantly. 
It's much better to mine than buying. Because the price of bitcoin right now is too high. I advise to wait for the value to depreciate before buying bitcoin.
It depend upon the well of the individual interest because anyone who are interested in his job and doing his job with dedication and loyalty than success will definitely kiss his pace so think about it and decide well in time I think buying is an easy job as compare to mining. 
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.
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.
in mining, it takes a lot of effort to make a profit.
checking daily, electricity consumption, troubleshoot.
but buying bitcoin now will make you think twice though, the price on the market is very high.
better go to altcoins that you think will boom next year.
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