BTC Mining vs Buying - page 25. | Bitcointalksearch.org

BlueStackz

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Quote from: stompix on November 08, 2017, 06:54:29 AM

Quote from: _noname_ on November 08, 2017, 01:23:33 AM

Quote from: sandaru on November 08, 2017, 01:05:46 AM

According to my point of view, bitcoin mining is big time consuming process and you have to pay higher electricity bills for that. On the other hand, you have to put a considerable amount of initial investment for mining equipment. Therefore to buy bitcoin is more comfortable.

i will suggest you bitcoin buying in place of bitcoin mining because bitcoin mining is difficult task then bitcoin buying and also for bitcoin mining you need a lot of electricity for mining devices and the rate of electricity is very high while bitcoin buying is easy and task you can buy from any place and then you can also sale easily.

How do you know his rate for electricity?
What is so difficult in btc mining? You buy a miner, spend 2 minutes configuring it and you let him do the mining.
Once in a while you check on it or when you smell something burning.

Quote from: sandaru on November 08, 2017, 01:05:46 AM

According to my point of view, bitcoin mining is big time consuming process and you have to pay higher electricity bills for that. On the other hand, you have to put a considerable amount of initial investment for mining equipment. Therefore to buy bitcoin is more comfortable.

No it is not, you spend more time drinking coffee than working on the miners and again, how do you know what price he pays for electricity?

Quote from: Ararbermas on November 07, 2017, 11:10:54 PM

in my own opinion no. indeed mining is to slow to earn much profit even bitcoin value surge now adays. I suggest to buy bitcoin instead of mining in any cloud mining site cause buying bitcoin now adays wil give us much profit even its always fluctuated. So keep away on mining bro instead focus on trading if you want to earn much profit or fast earnings. Best regards

If buying btc will bring you profit because the price goes up, so does mining...spend two seconds thinking before typing.

If you have absolutely no clue, all of you that are posting just to make your quota..
Please shut up!!!!

Bitcoin buying is a far better option than mining. Because in mining the success rate is not 100 percent always. There is some risk of losing your money if you are not into the game since a long time ago and lack the experience. Mining is something risky than the buying Bitcoins .The total amount needed in both of them is eventually same because mining is dependent upon the availability of electricity throughout the process and hence the total expenditure adds up to the same just as buying..

asus09

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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.

Desscount

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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.

I dont really know about mining. I prefer to buy bitcoin and trade it. so I guess if you want to mine, you must have a high-powered computer and of course the capital is also important.

lzby2000

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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.

shone08

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For me I personally prefer buying. Mining is great but it is too complex to earn something profitable because your earnings might go instead to paying electricity bills in using your custom mining rig(although there are already preferred rigs out there). In buying I could just keep on holding it and wait for the price to rise up so I can sell it profitably. I'll invest some of my BTC in a campaign while I keep on holding my other BTC.

Buying or mining are both profitable and yes you have a point if I will choice between this two I also prefer to choice buying bitcoin than mining because in mining you need a good equipment that cost a lot plus the electricity you can cost while if you buy bitcoin you can trade this in some trading site or invest in some project that will give you a good profit but this is my own opinion it’s up to you which one will you choice.

bololord

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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.

Of course you will win if you buy when the value bitcoin goes down then you sell it if the value goes up but for me btc mining is the best than buying btc because even you are lying in your bed if you have a pc that mining btc it's so basic you will get money even you are sleeping.

legendbtc

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I tried Bitcoin Mining but I find it very difficult to mature the coin and at the same time for buying the hardware we need to spend a lot of money and even we need to spend a lot of amount for power consumption for mining Bitcoin. I think it is better to start trading instead of mining.

uztre29

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For me, buying bitcoin is better than mining bitcoin because mining requires a lot of time and effort. You need to be active when you mine bitcoins. On the other hand, when you buy bitcoins, you just have to know when is the right time you will sell your bought bitcoins. Thus, you just need to be patient. Reselling bitcoins is so profitable these days because of bitcoin's value.

qwertyup23

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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.

Bitcoin mining and buying bitcoins are two worlds separated from each other by nature. If you are considering mining some bitcoins, then you need to provide a super-powered CPU in order for it to work. Also do note that it heavily requires high amounts of power and is also a competition out there. On the other hand, buying bitcoin is relatively easier, as it is in your discretion on what to do with your bitcoins. You may either invest them, keep them for future purposes in a secured wallet, or even trade/loan it for products or services.

Personally, I would rather buy some bitcoins than supplying myself with a CPU for mining due to its convenience. The process is somehow complex and complicated to understand in mining, and it is COSTLY.

Cacingkemi

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If you want to mine then you should go to the mining section here and search for a trusted one,return to the topic if I choose both dude mining to generate BTC and buy BTC.By the way first I will do start by buying BTC then I invest my BTC to go to cloud a company that is reliable in terms of mining,and I also donnot stay there just to grow BTC I will do the trading and if enough I will buy mining tools so that I can start all crypto at my home.My electricity uses a small generator.

michellee

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i will choose buying bitcoin than mining bitcoin because when we are mining, we need to be wait until the amount is enough to trade so we can have money. but if we are buying bitcoin then we can do trade to make profit and we have big chance to make big profit with trading. beside that, if we decide to mining, then we need to thinking about the electricity fee that we must pay in monthly and we need to have hardware with bigger hashrate. so if you have money, then I suggest to you to buy bitcoin only and do trading to increase the amount and trying to make profit.

Cointribute

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Quote from: Soranith on November 09, 2017, 10:34:29 PM

In my country its not profitable to do mining specially mining bitcoin the equipment is very expensive and the electricity rate here is also high so we prefer here buying bitcoin. Though there are some that are taking risk maybe they don't pay electricity bill for some reason.

I would go with buying.

Soranith

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In my country its not profitable to do mining specially mining bitcoin the equipment is very expensive and the electricity rate here is also high so we prefer here buying bitcoin. Though there are some that are taking risk maybe they don't pay electricity bill for some reason.

pratik009

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Buying and mining both are profitable but minning is risky than buying.for minning you need too much knowledge about the minning and also need very big investment.In minning you have to also stay online everytime and need more electricity power.so minnig cost is too much high.But in buying you can buy btc of any amount,depend on you.And investment is the more profitable and less risky than the minning.

coindetective

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What do you mean Bitcoin mining? Like home mining? I think you re late for this game at least 3 years. Most of BTC s been mined by huge mining farms now and home users simply cannot follow the rate of rising difficulty.

So you get BTC only by buying it. If you opt for home BTC mining, I highly doubt you ll ever reach ROI.

peterthegreat

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BTC mining is absolutely useless now for the average person because there is huge competition. There are massive mining, or hashing, farms all over the world so this secures the network as more and more power comes online. However it doesn't make it profitable anymore for one person. It is best to just buy BTC that has always been my advice to people.

vendy86

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i chose buying then mining
coz with mining , yes it stable but in overtime you need calculate difficulty
with buying you just need buy in price you want and you can already use it for trading or invest and the result more faster than mining

postokenlover

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I think now the miners, a single individual to mining, there is no profit. Unless you have a free power supply. Today's miners are mostly large mines. Let's invest in ourselves and buy bitcoin

kriticko29

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Mining is a low profit or way of generating bitcoin. Due to multiple number of miners online, The profit is lessen and almost like a faucet. Unlike buying bitcoin in which after you bought it you can engage towards trading and profit quickly.

specsmuluk

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for mining we must have big capital because nambang require high specification so that result get very satisfy ...

buy we must be patient to get a profit because the price to go up quite so long ...

Topic: BTC Mining vs Buying - page 25. (Read 4994 times)