BTC Mining vs Buying - page 26. | Bitcointalksearch.org

sorrowfulnightcries

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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 think it is better to just buy btc because the odds of mining bitcoins increases the more bitcoins are mined so meaning your miner would be less efficient as days goes buy and I don't think you would be able to make the most out of your prior investment in setting up a miner. Unlike just buying bitcoins and holding them after waiting for quite some time you could already make a profit just as what you could get in a mining farm.

OuterTech

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In my opinion I think buying Bitcoin is better for people whom don't have huge capital cause if you want to mine Bitcoin you need to invest a lot of money beside the diff of Bitcoin mining is increasing very fast so it's not a good idea to start with mining if you don't have huge capital at the moment. Beside Buying Bitcoin is very easy and quickly, you can get profit maybe right after you buy it cause the price of Bitcoin dump and pump every minute Cheesy

DoublerHunter

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If you will ask me for the best option here, i will choose to just buy bitcoin and not do mining because mining cost a lot of money and it might help you for mining bitcoin and giving you passive income but the return is bigger if you will just buy bitcoin and trade altcoins in the market since that is the best way to make your bitcoin grow and also your money and not mining bitcoin because it is long to wait and expensive to start.

Yankeestyle

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Quote from: owengtam09 on November 09, 2017, 05:16:07 AM

Quote from: gidaahmad on November 08, 2017, 07:06:58 PM

If I am given sustenance, I prefer to buy Bitcoin. Because with a bit of Bitcoin, we can trade and profit from Bitcoin that we have. So, use your Bitcoin for Altcoin trading, because the trading opportunities are bigger than mining if the hardware you use is not enough.

Yeah, I agree with that, because mining needs more capital before you can start to mine. Maybe it is good if you really have a good capital to start mining and they say if you have a free electricity then you can mine all the time. Because if we have an expensive electricity then I think it is not worth to mine. Better to just buy it.

Better believe it, I concur with that, since mining needs more capital before you can begin to mine. Possibly it is great in the event that you truly have a decent cash-flow to begin mining and they say on the off chance that you have a free power then you can mine constantly. Since on the off chance that we have a costly power then I think it isn't worth to mine. Better to simply get it

Mei1418

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in my opinion, I prefer to buy bitcoin with investment capital, because bitcoin price in a few hours only increased very rapidly, the percentage increase for now is much higher than the decline, compared to minning which takes a lot of capital to buy the device, profit minning is a stable income

owengtam09

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Quote from: gidaahmad on November 08, 2017, 07:06:58 PM

If I am given sustenance, I prefer to buy Bitcoin. Because with a bit of Bitcoin, we can trade and profit from Bitcoin that we have. So, use your Bitcoin for Altcoin trading, because the trading opportunities are bigger than mining if the hardware you use is not enough.

Yeah, I agree with that, because mining needs more capital before you can start to mine. Maybe it is good if you really have a good capital to start mining and they say if you have free electricity then you can mine all the time. Because if we have expensive electricity then I think it is not worth to mine. Better to just buy it.

Sebas.tian

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It depends on where you live. In my case, electricity and internet connection are expensive, the climate is humid so I need to spend a hefty amount of money for good quality cooling system. So starting to mine here would be less profitable than buying bitcoins directly.

gidaahmad

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If I am given sustenance, I prefer to buy Bitcoin. Because with a bit of Bitcoin, we can trade and profit from Bitcoin that we have. So, use your Bitcoin for Altcoin trading, because the trading opportunities are bigger than mining if the hardware you use is not enough.

cryptodyn

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Even if btc price is very high at the moment, mining is not profitable anymore for small miners.
The very small margin you will gbenerate in the long run will have to be reinvested in maintenance and hardware.

Ryan Dugan

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Quote from: Taskford on November 07, 2017, 10:25:06 AM

I think that it is better to do both because that is like having two assets from buying a mining rig for bitcoin that will give you passive income and also bitcoin that will give you an asset that can give your significant profits because of the price pumps and also the other opportunity that you can grab to earn more.

I agree with this because sometimes it is better to buy in and get instant bitcoin. Othertimes you would rather mine over long periods of time. During times of ups and down it would be better to buy large amounts all at once hten wait for it to mine. A constant stream of bitcoin is nice to have though.

nurilham

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I think, better buy Bitcoin than getting Bitcoin by way of mining, different mining continues to increase especially Bitcoin. so if you want to mine Bitcoin I think not to benefit anymore.

JayT22

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first i would prefer to buy bitcoins ,then if u have the possiblity to mine altcoins with ur gpu do this!
so u can get more bitcoins without mining them directly.

Frank0209

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For now I think Bitcoin mining is not a good idea if you don't have huge capital cause the mining difficulty of Bitcoin is increasing day by day very quickly so it'll take much longer than before to take your money back. But if you use your money to buy Bitcoin it'll be faster than mining but it's not easy cause you need to buy you need to find out the best time to buy and sell to get profit, there are a lot of people want to earn money by this way although they don't really know anything about it so they lost a lot of money

maianh09

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If you want to do the miners you have to spend a lot of money to buy diggers but this is quite good for those who do not have much time for the purchase of coin. I still prefer to buy more coin because it can bring a big profit

anelenaniku

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Mining is profitable only when you have very strong machines, that's why only few are the miners today. Anw buying bitcoin now is not a very good tactic because I believe now peoeple will start buying ICOs and generaly Altcoins. So if you like to buy btc wait until the next cycle or simply buy a good ICO.

DrYe5

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Quote from: theblack_cat on November 08, 2017, 04:08:38 PM

actually the easiest way is to buy it but we also know that every buy also have to spend big capital
then we also depend on price

I recommend to buy and hold. The market now favors such action. Digging requires proper qualifications, equipment, etc. I would leave digging for experienced users who know how to do it.

theblack_cat

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actually the easiest way is to buy it but we also know that every buy also have to spend big capital
then we also depend on price

Cointribute

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Quote from: xBitHodler on November 08, 2017, 03:21:33 PM

If I were you I would buy Bitcoin. In my opinion it is the most profitable option right now. GPU mining is no longer as profitable as it was and it is hard to get an ASIC. By investing in BTC you can try to trade or earn from hardforks (however not all of them might happen which SegWit2x showed us).

Setting up masternodes is another option for passive income.

xBitHodler

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If I were you I would buy Bitcoin. In my opinion it is the most profitable option right now. GPU mining is no longer as profitable as it was and it is hard to get an ASIC. By investing in BTC you can try to trade or earn from hardforks (however not all of them might happen which SegWit2x showed us).

GreenBits

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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.

Depends on how much time you have, and a few other factors. If you have the time to babysit a mining farm (yes farm, as it takes a decent amount of mining power at the moment to make it worth your while) then mining can certainly be more profitable, you cant look at it in terms of immediate liquidation. If you have faith long term that the price will go up, look at it more as an opportunity to mine at a lower difficulty for a chance. but if you dont really have all that time, capital to invest in equipment, and most vitally, electricity, then simply buying the coins is a much less painful process. entirely more liquid as well (miners dont sell so easily).

Topic: BTC Mining vs Buying - page 26. (Read 4988 times)