BTC Mining vs Buying - page 23. | Bitcointalksearch.org

bitcoinvamp

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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.

According to me you should prefer buying instead of mining because with mining there is a lot of expensive hardware requirement . Also, mining is only profitable where electricity is cheap otherwise it will simply cost you more than you earn. Rest is upto you.

crytomusica

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Quote from: rajuahmed330 on November 15, 2017, 06:16:23 AM

Quote from: asus09 on November 10, 2017, 02:19:31 AM

I think mining is quite complicated, because it requires a high-powered computer, and certainly strong electricity. so it really needs capital too. the same as buying bitcoin, simply by investing or trading.

I agree with your words because many people may not have this capability. Buying Bitcoin is easy for a profit to get there, but it also goes from Risk. But one can try mining if you try.

exactly. maybe when bitcoin first appeared it was easy to mine and reward was big but now many of my friends says that earnings almost equals to expenses (electricity etc.)

Fasdartin

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Quote from: Diunusov86 on November 13, 2017, 11:12:35 AM

Mining now requires a lot of money to be profitable, while it's much easier and faster to buy, besides, the profit comes faster. Therefore, I do not do mining

There are two sides for bitcoin, both buying and mining have their own advantage and disadvantage. Mining is unsuitable for the huge majority of bitcoin users today, but if your going to buy some crypto you must better to understand blockchain technology before you start buying, since there are both profitable.

rajuahmed330

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Quote from: asus09 on November 10, 2017, 02:19:31 AM

I think mining is quite complicated, because it requires a high-powered computer, and certainly strong electricity. so it really needs capital too. the same as buying bitcoin, simply by investing or trading.

I agree with your words because many people may not have this capability. Buying Bitcoin is easy for a profit to get there, but it also goes from Risk. But one can try mining if you try.

andron8383

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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.

Unless you are bitmain in China you won't ever mine as good as they. Mining cost too much is much easier to buy and hold today.

Anwar22

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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.

Now it's the best time to buy bitcoin. Because now bitcoin price is low. I am sure that in some days bitcoin price will high. So if any people buy bitcoin now a time,he will more get benefit when bitcoin price will high.

Nanda Dewi277

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if I prefer mining than buying Bitcoin because by mining they usually get Bitcoin every day, so I think with mining revenue can be stable.

Eternu

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Quote from: lukmankhan25 on November 15, 2017, 04:58:16 AM

I think mining is better, it takes a lot of capital but the money is in our own hands. unlike trading that has a big risk. mining is better if you do not understand about trading

There are a lot of things that needs to be considered before some one start mining. Mining is not that much profitable if you do not have a lot of money to invest in hardware and if electricity is not cheap in that area where you live. Electricity is biggest problem of them all, it doesn't matter if you use ASIC or GPU mining hardware, either way it will demand and use a lot of power, and with that comes the bill which will be big. Also hardware for mining is not cheap too. Yes, mining is better in different ways, but there are some really important things that needs to be seen before someone start mining. I just wanted to say, be careful what you chose and do.

Voice-Of-Reason

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For BTC I would say buying, but look into mining other coins other than BTC for some decent returns...

no0dlepunk

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Just like in the real commodity business, it is always profitable for an ordinary man to buy and hold rather than setup a mining rig and mine golds or make an oil expedition. Unless you are McAfee.

d0flaming0

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its a lot costy nowadays if you plan on mining, rather than buying it directly. you can also buy small portions of it whenever you want too, but if you have the resources to do the mining or should we say you have mining rigs then it could also be helpful for you.

CoinFoxs

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Quote from: Diunusov86 on November 13, 2017, 11:12:35 AM

Mining now requires a lot of money to be profitable, while it's much easier and faster to buy, besides, the profit comes faster. Therefore, I do not do mining

Mining need one time investment and if your mining setup is ready it will give you profit on daily basis while in case of buying you are restricted to the amount you bought in bitcoins. And profit is according to your investment or buying..

lukmankhan25

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I think mining is better, it takes a lot of capital but the money is in our own hands. unlike trading that has a big risk. mining is better if you do not understand about trading

annicketucufaw

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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.

Jinz02

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i would prefer buying than mining because buying its easy way te get much bitcoin but buy it when its low price then sell it when the btc price growwing up then buy it again when the btc go down so your btc will grow-grow up

_MrTuyul404

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Both can be very profitable and could be detrimental.
if you buy bitcoin in large quantities and keep it either short or long term I think it is very profitable, but vice versa if you just buy bitcoin in small amount you have to keep it for a very long period of time to get big profit.
the same can happen in mining, if you have a large capital and want to do bitcoin mining is still very profitable, but if you only have a little capital, doing bitcoin mining is not recommended Wink

Nahl

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mining aren't profitable anymore especially if you have any plan to do solo mining and bought the contract at cloud mining also risky besides the profit is too low and if you're choose wrong cloud mining sites then possibly you will got scammed by them and i suggest to you buy bitcoin at your local exchange is more safe

bitcoincollector03

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Buying and Holding is the easiest. Most safest too. If you go with mining you will need to check twice a day to make sure its on condition. you will need warranty for your GPU/amd set

Marika

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it's better to invest in mining because we never know how much the price of bitcoin will rise and it may take up to 10000 per coin and if is that higgh there is a chance that the mining fee will also increase thus getting more profit from it.

LuffyD.Monkey

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Quote from: shohelalam on November 08, 2017, 08:33:51 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.

Both are profitable, You can do it. Mining is so expensive right Now reason electricity if you find low Electricity then OK. I think Buying is best right now because if we see bitcoin price last month history. Bitcoin price increase 40% from Last One Month and it will be increase more.

Don't Trust cloud miner in the market. Every cloud miners are not good, safe and secure. Some body could be Scam. So be careful.

I think buying bitcoin will be more good, because mining require a lot of hard work and is more costly to be done. People want ease in their life and want to be rich in short time. Mining takes a lot time than from buying. Both are good and gives rewards but in my opinion buying is more easy and simple than mining. Just hold it after buying for more profit because its worth is increasing quickly

Topic: BTC Mining vs Buying - page 23. (Read 4988 times)