Topic: BTC Mining vs Buying - page 4. (Read 4988 times)
I prefer buying Bitcoin is the easier option between the two. So I really suggest that you should buy Bitcoin via buying
Mining is far better. No matter what the price of btcs is you canalways make a profit anytime by mining bitcoins continuously
Yes, mining is good but in the long run, you need to upgrade the algorithm as its difficulty increases gradually. In investing, you will only buy and just let your currencies sit in your wallet and wait for proper time to sell it.
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 don't think there's no profit in digging up bitcoins now, but I think the big miners have chosen to keep it, and they don't want to sell it right away. But it requires a lot of money, and I think most people are not fit to tap into bitcoin, and buying bitcoin directly as an investment is a better option for most people.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 that is why I think GPU mining is better than ASIC mining... One it is more profitable and two your equipment maintains value even 2 years after assembly as long as you went top end. Its as safe as you can get in crypto.
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 don't think there's no profit in digging up bitcoins now, but I think the big miners have chosen to keep it, and they don't want to sell it right away. But it requires a lot of money, and I think most people are not fit to tap into bitcoin, and buying bitcoin directly as an investment is a better option for most people. 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.
On the off chance that you have a substantial capital to put resources into mining at that point let it all out. It will be more profitable for you later on buying Btc too would be profitable it relies upon how much capital do you have both can be profitable however mining gives more benefit as time passes by.
My suggestion for you is buying.For Mining,you need some money for the implementation of Mining setup.If you have some money to pay for electricity and Mining setup.You can start mining along with trading,totally you will get double of bitcoin .
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 prefer buying Bitcoin is the easier option between the two. Mining is kind of expensive, you need to consider the rig and its electricity cost. It would be less stressful if you will invest through buying. You just need knowledge in order to avoid the risks in buying. While in mining, you need knowledge and money in order to mine. Mining need a good computer, it is not all the time the computer/mining device will smoothly operate. So I really suggest that you should buy Bitcoin via buying.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 far far far safer than buying and speculating. Trust me I have done a lot of both and I am coming full circle back to being a large scale miner due to the safety and ease of it.
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 prefer buying Bitcoin is the easier option between the two. Mining is kind of expensive, you need to consider the rig and its electricity cost. It would be less stressful if you will invest through buying. You just need knowledge in order to avoid the risks in buying. While in mining, you need knowledge and money in order to mine. Mining need a good computer, it is not all the time the computer/mining device will smoothly operate. So I really suggest that you should buy Bitcoin via buying. 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 it depends on you actually if you have a certain amount of cash to buy bitcoins then you should buy bitcoin, but if you are just an average person who have just the right amount of money for everyday uses then mining is the best option for you.
It is better to buy. It takes longer time for your investment to return if you go on mining. Bitcoin's price today is increasing fast so if you will buy today, your profit will start to increase as the price of bitcoin increases. Mining bitcoin is also inefficient today, it is just better to buy and buy bitcoin and hold it.
If I have enough capital, I prefer to do mining. I will just buy a mining rig and much cheaper electric supply, so convenient, all you have to do is wait and earn. Unlike in buying, you have to always be updated in the flow of the market.
For mining BTC you need expensive hardware (ASIC based) and must be capable of bearing high power consumed by this mining hardware. Mining BTC on CPU and GPU is no more profitable.
My suggestion is to buy BTC rather than mining, buying is just one-time investment while mining is a continuous process of maintaining your mining farm that takes your precious time and effort as well.
My suggestion is to buy BTC rather than mining, buying is just one-time investment while mining is a continuous process of maintaining your mining farm that takes your precious time and effort as well.
For now Block Reward is huge and requires great speed to get a decent reward. If a small capital or a very minimum mining rig is not possible for bitcoin mining. But as the optional mining the other new new coin is options that can be made in the choice. and that's quite beneficial to me ( For minimum Spec Mining Rig)
in short mining is not posible if you dont have a good capital, therfor majority of us cant still afford that. That is why most us will always prefer buying over mining because in buying we can always buy bitcoin even in a smaller amount and we can start investing on it , investing is also easy because it doesnt require any technical knowledge and skills just like on mining. That is the reason why majority of people will always chose and prefer buying when compared to mining bitcoin.
I find that trading is better. Break even for mining isn't worthwhile. Just read an article about the same.
http://www.altcointrend.com/2018/03/09/why-i-am-not-a-crypto-miner-anymore/
http://www.altcointrend.com/2018/03/09/why-i-am-not-a-crypto-miner-anymore/
For now Block Reward is huge and requires great speed to get a decent reward. If a small capital or a very minimum mining rig is not possible for bitcoin mining. But as the optional mining the other new new coin is options that can be made in the choice. and that's quite beneficial to me ( For minimum Spec Mining Rig)
I prefer to buy rather than mining, because it does not take much of your time and money because in mining you need to focus your time almost every time you need to stay alert and active on the internet while in buying you just to monitor.
the price you say yourself a spike in price if that will happen then is not the right time to buy bitcoin because you never know the price could soar again.
the price you say yourself a spike in price if that will happen then is not the right time to buy bitcoin because you never know the price could soar again.
Mining isn't profitable anymore because of the high electricity consumption it has and the electricity fee is too high. You might even have a good and fast fibre internet connection plus the Gpu's that will be used in mining is too fvcking expensive and there's a little chance for you too because there are many company that has a large mining computers.
I think you better buy Bitcoin then you hold it until the price is very high. But you have to buy Bitcoin at the lowest price, so the profit you get can be many times your capital. Do not buy Bitcoin at a low price. This is just my advice, but you follow your heart just do not hesitate.
better buy in the market because it's for sure. If the mine is still a lot of sites that have not been convincing and at times been hard mining but to no avail. for though both require capital but bought bitcoin I think is fairly easy and can be trusted.
I will rather buy than mine bitcoin, mining takes a longer time to get something reasonable, but you can buy now and two hours time, you have gotten what you are to get in 2weeks,and am not over exaggerating..
Why choose if you could do both of them. I never experience both since i am just new about bitcoin but if i have enough money to invest i will certainly do both of them. i am just wondering did all those miner just continue to mine without even selling a portion of their coins? So by that, minners are also engaged in buying and selling bitcoins, they just focus more on selling rather than buying.
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