Topic: BTC Mining vs Buying - page 29. (Read 4994 times)

If you have a lot of money, the good way is using mining tool because they earn more profit, more efficient than investing but you have a powerful source of money before buying mining tool, or you can buy little bitcoin and trade for profit whenever bitcoin fluctuate but this take a long time.

There are a few things that point to mining becoming more profitable in the near future, but there is also the impending bubble burst as well so... still a risky choice as it ever was. Easy to get burned by hardware vendors.

Buying, while not nearly as "cool", is much simpler and requires less additional time investment. Do some research, make some buys, check back in a few months and you're good. If you start mining, you'll constantly be obsessed with hashrate, payouts, and efficiency. That's a higher cost.

If you wanted to have Bitcoin instantly, buying is a good option,  if you have a friend or you know someone who possess Bitcoin, ask him/her if you can buy some portion of their Bitcoin this is the most cheapest way to own Bitcoin, or you can go to exchanges but of course with higher charge.

you can visit exchanges here: https://socialnomics.net/2017/07/04/7-best-website-to-buy-and-sell-bitcoins/


And if you have a money to invest for mining rig, yes mining are still profitable, it's only required you to invest huge amount of you fiat.

for cloud mining you can visit here: http://www.cloudminingreviews.com/

Mining for bitcoin cash actually would have been the better route to take.

Check out the difficulty on bitcoin vs bitcoin cash.

https://fork.lol/pow/difficulty

If you were mining bitcoin this whole time, you are getting less each time the difficulty goes up for the amount of hashrate you have.

If you were mining bitcoin cash you are getting about the same because it goes up and down on difficulty. If bitcoin cash continues to behave like that for difficulty, you won't have to buy more hash power to get the same amount of rewards, whereas with bitcoin when it goes up in difficulty by 20% you lose basically 20% of your income.

I will choose both, because both are the facilities to get bitcoin passively. if you use both then you will have plenty of time to search for bitcoin by other means, trading, fauchet, bitcointalk, and others. but I do not think today is the right time to buy bitcoins. if you have the capital then I suggest you to choose mining first before you buy bitcoin.

It's way better to buy and guard it jealously

I think both are the same, mining requires capital and also buy. if you just buy a bit bitcoin, it will only give you a little profit. and mining is also the same.
but if I have to choose between the two, I would prefer mining. with mining, bitcoin earnings will be greater than buying then investment.

mining is costly, you need to buy instruments and some additional cost will occur like room rent, electricity bit...... bla bla
on the other hand trading and holding is better than mining.  

Well mining is not profitable due to expensive electricity bills. I prefer buying bitcoins is worthy.

ill just buy bitcoin and save it than mine ! bitcoin is cannot be mine anymore as it reached the hard cap before .. 21 million bitcoin are available till 2040 so if you gonna mine bitcoin you will just loose your time and money !

It depends a lot, i dont have a mining rig because it is very expensive here in my country, a lot of people are selling all those antminers for a 100% plus from the published price on the real website.
They are taking a lot of profit only for selling them, because amazon is not running in here, or all those international shippings that can make you get your package on your own door.
but yes, bitcoin mining is more profitable, but you also need to invest money, so it is a win-win situation.

Mining is only profitable as long as you hold your own portion of the entire pie, and you're not being cucked out of what you have already secured as part of your pool. If you aren't able to keep up with other miners expanding their own farms, you're in for a bad time and you won't get a return on your investment, if everything goes real bad and you never keep pace. It's kind of a constant race, and you have to invest more from the outside to make your size bigger overall, and outpace everyone who may just be investing some of their profits.

It really depends on what you want to do. If you're simply looking for profitability, I'd say take the easy way.
Buying and investing and bitcoins would of course be much easier than mining. You just need to look for the right entry point and buy in and that's it. Wait for ((insert time from days to months here)) and then sell for a much higher  price.

Mining isn't that easy. Specially if it's ASIC miners. First of all, their price is ridiculous and you need to have a few of them in order to actually make good profits. But the problem is not just in buying the equipment but there's more work to be done.

Electricity. Unless you have either free or really cheap electricity, I don't recommend even thinking about it.
With current frequent rise in difficulty, it's no joke. It might eat up a lot of the money you make if you're in the wrong area.

Noise and heat. Now these monsters are noisy. And when I say noisy I mean, you can't put them in the same room you stay in as I guarantee you'd never get enough sleep. Did I mention temperature ? When they're large in number, they produce a lot of heat. So proper air circulation has to be applied.

It's totally up to you. But if you're the type of person who likes to try new stuff. Go for it.  If not and you were just checking to see if you'd make more money through it and that's your only point, don't even think about it.

Mining was just a matter of time consuming with less profit gains due to overhead costs of electricity. However its not gaining good profit if ever the electricity is expensive like thus asian countries using geothermal plants. If you invest with bitcoins as long as there's a capital, then its reliable to have rather than mining because you just have to wait for the price to increase eventually.

I think both.
But i would prefer mining, since you need to invest a lot of money into BTC to get profits, but if you invest in mining, one time you will only profit + the price will rise and its better now i think...

It would be best to buy Bitcoin than mining it.  One good reason is that you do not have to spend on maintenance.  Second, you get the whole package in Bitcoin and not a machine and get bitcoin parts by parts until you get your ROI and start profitting.  With Bitcoin, once it goes up, profit is seen.  There is also a tendency of machine to crash even before you get your ROI. 

I prefer buying than mining though mining is a passive income but the electricity bill that you need to pay is very high if you are mining. It is not a good option here in the philippines.  I don't have any experience yet in cloud mining because i am very scared to try it.

This question is quite tough to be honest, a lot of factors to consider for those alternatives. Mining can get you bitcoin while buying bitcoin gives you income from the unrealized gains in its prices. In mining there will be 2 kinds of profit you will get while bitcoin does one but the hard part on mining is that equipments for mining is so expensive and thanks to the miners itself plus the maintenance and utility you need to spend.
In my own decision if I will choose between the two I would still go for buying bitcoins rather than mining since this is too easy.

Maintenance? What about the cost of hardware itself? These are electronic devices with no warranty that we're talking about here. You spill morning coffee, drop it, get a power spike from the grid, your $1000 miner is gone and there won't be any replacements.
If you want to try mining there are CPU/GPU, even HDD coins that you might mine with a smaller budget and with a hardware warranty. Forget about BTC mining.

If you can cover the maintenance,mining is good
But by buying you don't have to do anything just hold and wait for the profit