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Topic: BTC Mining vs Buying - page 24. (Read 4988 times)

full member
Activity: 630
Merit: 103
November 14, 2017, 08:29:04 AM
There are lots of comparison between buying or mining bitcoin. For me, both is a good way to earn bitcoin. This is why bitcoin is so good, because of the way's we can earn it is depending on how we want to get it. If we want to earn bitcoin fast, we can buy it. If we want to earn bitcoin slowly, we can mine bitcoin. The price of bitcoin is still fluctuating and if you are very hardworking, you can gain bitcoin and gain the profit very fast. I mine bitcoin because i have a lot of spare time to do it.
full member
Activity: 336
Merit: 100
November 13, 2017, 11:21:03 AM
I would prefer buying than mining sir because it does not require a lot of your time and money because in mining you need to focus your time most likely everytime you need to stay tuned and be active on the internet while in buying you just to monitor the price you said it yourself the price surge if that would be case then isn't the appropriate time to buy bitcoin because you never know the price could surge again Smiley


Me too since the price is still low make the most of it rather than waiting for bitcoin be produced thru mining which will took a lot of electricity and time.
newbie
Activity: 22
Merit: 0
November 13, 2017, 11:15:55 AM
Mining now use so much electricity. Compared to what you gain from mining it's not worth it. So a big % of your BTC profit you'll pay with it the electricty bill.
newbie
Activity: 16
Merit: 0
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
full member
Activity: 308
Merit: 100
November 13, 2017, 11:10:12 AM
I think both are good to do.Here in bitcoin we can try all job or do invest so you need only to search if that is legit for the safe of your money.I think we have anything here to earn so try to spend your free time here for the knowledge for good profit.All of users here want to earn money that's why they here
member
Activity: 72
Merit: 10
November 13, 2017, 11:06:42 AM
Mining other currency and buying a Bitcoin is my option.
Asic miners is hard to find.
Investment in buying why not?
rpg
hero member
Activity: 728
Merit: 500
November 13, 2017, 11:05:07 AM
I think that investing directly in Bitcoin is the most profitable right now. I have invested in mining few months ago and after 1 month i sold all rigs. I could have earned 200% of my base investment. That's why I'm thinking that investing it directly in BTC is better
full member
Activity: 350
Merit: 106
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November 13, 2017, 10:44:57 AM
I prefer buying bitcoin than mining it, because mining bitcoin is very high cost of electricity consumption,  but mining is very sure profit that you cannot loss, but buying bitcoin is like keeping a gold in your pocket that ready to give you a million when it comes the time that it will pump up.
full member
Activity: 630
Merit: 100
November 13, 2017, 10:42:35 AM
BTC buying is more better than the mining because difficulty level of bitcoin mining is increasing every day and it is not easy to mine more bitcoin in future and if you invest in some mining company then they will not give a good amount of reward of your money. Because they do not clears condition of mining and after investment you can withdraw your money back. So Always think about the buying of bitcoin.
newbie
Activity: 266
Merit: 0
November 13, 2017, 10:40:54 AM
mining or buying bitcoin Huh?
This is a hot topic for us to talk about, and I think we will buy both because we will increase the passive income from mining, and when we buy while bitcoin increase we will earn More money and we will invest more to buy bitcoin and focus on mining Angry Angry Angry Angry
newbie
Activity: 14
Merit: 0
November 13, 2017, 10:15:54 AM
I'm a student, I can't invest a lot if money in mining. Have some BTC, that's all I can now  Cry
member
Activity: 294
Merit: 10
November 13, 2017, 10:03:43 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.


If you want to generate more bitcoin, you can have mining but if only your personal computer is fast and have a better internet connection. But if you don't have that kind of PC and internet connection, you'd better but bitcoin than keep on running away from the people who will try to ruin us or to those people who want to punish us. But definitely both are good source of having your own bitcoin in your wallet.
newbie
Activity: 13
Merit: 0
November 13, 2017, 10:02:30 AM
Suggest not to mining, if you have low power channels, you can try. The current market price, or a little profit. But within a short time bitcoin price changes too much, if the purchase of many mills to mining, met price drop too much, then it is easy to loss, we must pay attention to risk control.
I think that buying will make you a lot more bitcoins because mining gives you a small amount of btc. But when you buy a lot of btc then the value goes up and will make a lot more bitcoin. I think that this is the best thing to do to make yourself some money.
hero member
Activity: 1400
Merit: 536
November 13, 2017, 09:28:00 AM
Suggest not to mining, if you have low power channels, you can try. The current market price, or a little profit. But within a short time bitcoin price changes too much, if the purchase of many mills to mining, met price drop too much, then it is easy to loss, we must pay attention to risk control.

It's still not too late to do mining, but Bitcoin's level of difficulty is very high, Bitcoin Gold is suitable for mining. Ripple is also preferred for miners.
member
Activity: 93
Merit: 10
November 13, 2017, 09:20:22 AM
I will support both mining and buying. Mining can be your great passiv income and buying can be your future bright. Buy and hold its for better future. Due to unbelievably increased the price of Bitcoin. So if you can hold for long time you can buy. And if you want good and risk free better income then start mining
newbie
Activity: 8
Merit: 0
November 13, 2017, 08:29:34 AM
Maybe buying is better than mining because if u buy 1btc in this year or sell this 1btc in next year u will get lot of profit because btc cost graph is always going higher
newbie
Activity: 16
Merit: 0
November 13, 2017, 08:26:19 AM
Honestly mining as of right now is not worth the investment. For the general consumer mining is too much of an investment with too little return. The amount of profit you get from mining compared to the time you spend and the amount of money you need to generate a return is simply unreasonable. The only time where mining will be better than buying is if you are part of a company or group that was made to specifically mine bitcoins. This way you get the best hardware and therefore the most profit.
full member
Activity: 1106
Merit: 166
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November 13, 2017, 08:23:13 AM
I will just buy bitcoins because it is east and no efforts needed just keep it in your wallet to get high return but i think buying will give huge profit only if your investment is also big.But im still new to the mining so i not yet tried mining because bitcoin mining is getting harder now so i just invested in buying bitcoin.
hero member
Activity: 1078
Merit: 501
November 13, 2017, 08:19:28 AM
Now I'd rather to buy bitcoins, because investments in hardware would be around the same in price, but it will take a lot of time for mining. Isn't it faster and easier just to buy bitcoins?
That's true it is easier to buy bitcoin, as long as you have money to buy then go for it, mining is also an expensive to do. You need to have a lot of capital before we can do mining and need free electricity because it can also cost an expensive electricity, so for us small investors or traders, buying is more suggestive way to earn bitcoin.
newbie
Activity: 5
Merit: 0
November 13, 2017, 08:08:21 AM
It depends on what you're into Bitcoin for, and how tech-savvy you are. You can learn and be profitable from mining, but if you don't put in the initial effort and investment you won't get far. To make some quick money, just buy. If you believe in Bitcoin, mining is a way to contribute.
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