BTC Mining vs Buying - page 30. | Bitcointalksearch.org

stompix

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Quote from: TrumpD on November 07, 2017, 12:19:10 PM

They both have their advantages and I figure that in the long term, mining is much more profitable. Although it is not easy at the moment and difficulty is at an all time high, with prices set to increase, the profits from mining is worth it. Buying now may seem easier, but who knows how the price may perform in the near future.

Difficulty is at all time high?
Why don't you bother at least 3 seconds to check out before posting crap?

https://bitcoinwisdom.com/bitcoin/difficulty

See that 1,037,226,259,625 (-28.61%) Huh

?

Quote from: nydiacaskey01 on November 07, 2017, 12:09:07 PM

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.

Mining BTC is profitable nowadays because of BTCs current price, but for you to start mining Bitcoin, you need to invest in some hardware which cost $600-$800 USD for starters and ROI might take some time. Aside from the hardware, you also have to pay electricity cost and it will also take your time so you might want to consider hiring another person to monitor your mining operations while you rest.

Another example of not being helpful at all
What hardware costs 600-800?
Why don't you tell him how long it will take him to ROI?
And how did you find out you have to pay for electricity? Really? Nobody thought of that.

Quote from: savushkinTA on November 07, 2017, 11:48:17 AM

for mining you will have to constantly buy new video cards
it is very expensive and risky

He is asking about BTC mining, which for the last 5 years hasn't been done with videocards.

lighpulsar07

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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.

well if you are willing to buy 2 S9's which cost $3000 to get at least decent amount of hash rate then why not the problem with mining is, the mining difficulty is high it will be harder to mine a block i suggest that you should mine in altcoins instead at least in altcoins is you have a decent computer with gpu is enough to give a profit due the difficlty is lower than bitcoin and also, you don't have to spend a thousands of dollars to mine cryptocurrencies. As for the cloud mining, i suggest to stay away from that because too many cloud mining schemes will scam you.

bit-freedom

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It depend on your electricity cost to determine whether mining is profitable. Use a mining calculator and factor your equipment cost to see when you are able to break even and start to have profit.

But I prefer to buy BTC straight with the money I need to invest in equipment, unless mining is a hobby for you.

mayasari

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buying coz if you mining have a btc to long

unggahr11

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i recommend mining because i think mining is the fastest way to get more profit in bitcoin but mining needs a lot of money

nareshrohra

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Hard to say, depends on the market. Mining works out better when the price of bitcoin is falling in mid term (1 year). Whereas buying would be better if the price was increasing during that period. So, in last one year, buying it upfront would have given you more profit than mining

TrumpD

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They both have their advantages and I figure that in the long term, mining is much more profitable. Although it is not easy at the moment and difficulty is at an all time high, with prices set to increase, the profits from mining is worth it. Buying now may seem easier, but who knows how the price may perform in the near future.

reflector

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Quote from: nydiacaskey01 on November 07, 2017, 12:09:07 PM

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.

Mining BTC is profitable nowadays because of BTCs current price, but for you to start mining Bitcoin, you need to invest in some hardware which cost $600-$800 USD for starters and ROI might take some time. Aside from the hardware, you also have to pay electricity cost and it will also take your time so you might want to consider hiring another person to monitor your mining operations while you rest.

Which ASIC miner you are mentioning bro. You need to have the antminer s9 for high yield of mining and tasting profit. For the amount you mentioned we cannot get the higher end miners. You may get u2 or s3 machines.
Now monitering mobile app also available in Google play store or iPhone store.
You can buy the bitcoins also this time since value dumped and there is big chance that bitcoin value increases in future.

boyptc

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★Bitvest.io★ Play Plinko or Invest!

Quote from: stompix on November 07, 2017, 11:05:46 AM

Quote from: boyptc on November 07, 2017, 11:05:39 AM

Quote from: windsee on November 07, 2017, 10:18:57 AM

It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now?

I read some on social media said that it's profitable to mine now as the difficulty gets lower but I don't believe with it.

It still is, the drop is because of the swings between bcc and btc

https://www.cryptocompare.com/mining/calculator/btc?HashingPower=12730&HashingUnit=GH%2Fs&PowerConsumption=1293&CostPerkWh=0.15
https://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=12460.00&p=1600.00&pc=0.15&pf=0.00&d=1452839779145.92000000&r=12.50000000&er=7251.49550000&hc=1600.00

I see so that's the reason why it's profitable now to mine bitcoin. But I think this will not take any longer after the fork everyone will be getting back to bitcoin. As Bitmain shows support to bitcoin cash many did followed that so they are quite a big changer in the market.

nydiacaskey01

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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.

Mining BTC is profitable nowadays because of BTCs current price, but for you to start mining Bitcoin, you need to invest in some hardware which cost $600-$800 USD for starters and ROI might take some time. Aside from the hardware, you also have to pay electricity cost and it will also take your time so you might want to consider hiring another person to monitor your mining operations while you rest.

milewilda

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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.

If you dont have capacity to buy a miner since those are expensive then you would have no choice but to select on buying it rather than on mining and yet we should really need to consider first the price of electricity on our place.If you do really have the passion to mine bitcoin then its not bad to start up though but you should really need to consider lots of factor for you to turn out to be profitable.

MostafaGamal

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very good compare , if you go to mining you will mine the bitcoin ( create it + have it ) but if you buy you will only have it . and sure the profit from mining in long-term better than buying , so i think the mining better thank buying bitcoin , thank you for this good topic

rodskee

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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 depend on your system use for mining to get more profits, all do have to you need to upgrade your mining rig to get huge bitcoin as miner, buying of bitcoin are also great idea because bitcoin keep increasing the value, so its depends on your decisoin where is profitable for you.

hypersonic1

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Endless Horizons!

If you want to jump in quickly, buying is the way to go. If you have a ton of monery and connections and a decent location, you can try your hand at mining. That is the simplest explanation.

drwhobox

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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.

Mining is profitable if you do have some good ones to mine for you it's hard to earn from mining now adays if you have a basic one. I would recomend to just buy bitcoin and hodl rather than mining bitcoins. You do need to watch your electricity bill if you start a mining rig. The electricity would cost you alot if you have a high spec miner

savushkinTA

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for mining you will have to constantly buy new video cards
it is very expensive and risky

VitKoyn

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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?

At the current Bitcoin mining difficulty, I doubt you can get any profit from it. But if you can afford to buy an effective mining hardware (ASIC) that can compete with other miners with big hashrates then yes you can make profit, but if you can't it is better to just buy and hold Bitcoin.

Quote from: windsee on November 07, 2017, 10:18:57 AM

It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now?

No. Price surge won't affect Bitcoin mining difficulty. Bitcoin will become profitable again if big companies of miners decide to mine other altcoins instead of Bitcoin. If you are really interested in cryptocurrency mining build a GPU mining rig and mine altcoins. use this site https://whattomine.com/ to know which coin will give you the most profit.

wledgewil

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In my experience with hashocean a huge mining platform before was off at sudden and lost all capital invested in it.
I recommend not to go with mining.
You better go with investment on bitcoin and gain profits and remove the capital invested that results a risk factor relief for your good earning prospective.

Kprawn

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You have to be specific... what mining are we talking about? Bitcoin mining is definitely not very profitable for the "small"

guy, but more profitable for some people with cheaper electricity. Some people prefer to mine Alt coins with a much lower

difficulty, so they make a little bit more profit. I would not go through all that problems and hoping that the difficulty will not

increase or electricity will be more expensive in the future... I will rather buy/trade Crypto currencies with that investment

capital. Grin

Kizaki

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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 mining is really good if you really have a good setup and invest a lot on time on it. Though, it is harder than buying bitcoin as it takes a lot of time which will bear fruit in the long term. Investing on bitcoin through buying it is a great idea for you who is just starting out. It is a good just for you to know how bitcoin will become a great hero. Whether its short term or long term investment, if you do it right, you can definitely earn big amount which is much faster than mining coins.

Topic: BTC Mining vs Buying - page 30. (Read 4988 times)