Topic: Investing in Bitcoin.. or mining bitcoin? (Read 586 times)
For an investment, I would advise you invest in altcoins( choose coins has the high level on coinmarketcap.com) or coin of ICO programs ( as IOTA). Trading is the best way you can get more profit if you have strong psychology and ability to find information well.
I do consider this a general discussion but if it needs to be moved, I apologize.
I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.
Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.
WHERE do you all consider the gains are.
I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.
Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.
WHERE do you all consider the gains are.
I consider the gains by choosing these "investing in btc". They are both profitable and have a extremely high risk but for me i prefer to choose investment, because in investement you didnt do anything, all you have to do is to wait the pump and gain profits while in mining you have to provide a very expensive mining equipment like A6 avalons or S7 to mine bitcoin or an altcoin, aside from that equipment, you have to pay your monthly electric bills including the high consume of that miner into your electric bill so where the gains in that? The very wise choice is to invest bitcoin rather than mining.
I think it depend upon every individuals choice. Bitcoin mining requires high speed computers and efficient hardwares, equipments and a place. And it is also time consuming. And besides, bitcoin is definitely easier to buy than mine it. Whereas investing or trading in bitcoin is a bit risky as there are very high chances if losing the investment.
I think investing in Bitcoin is better than mining Bitcoin at the moment. At the moment when mining difficulty of Bitcoin is too high and electric cost is not low as before I think mining Bitcoin is not a good idea and it'll take double time than before to take all the money you invested to buy Bitcoin miners back. But with investing it's more risky than mining but maybe you can double your capital in just a day and everything will be fine if you have enough skills and knowledge about investing in Bitcoin and cryptocurrency IMO 
Unless you are good in trading. I prefer mining bitcoin, in doing this you will have a passive income and has a less risk than trading. Since bitcoin's price is going high your electricity cost will be less in terms of bitcoin and since the amount of bitcoin that you are getting each day is almost constant you will have a higher profit in terms of $.
maybe before he decides to mining, he can calculate the electricity cost so he knows how much fee that he should pay in monthly. I don't think that mining bitcoin is a good idea especially if in his country, the electricity fee is higher. the difficulty of bitcoin will increase and without using the high end hardware, he cannot earn much of satoshi and he cannot make a profit.
maybe investing is the right choice for him and if he can learn about trading, then he can make a lot of profit from trading. every decision he makes will affect his life and its better to think twice about the good decision.
Unless you are good in trading. I prefer mining bitcoin, in doing this you will have a passive income and has a less risk than trading. Since bitcoin's price is going high your electricity cost will be less in terms of bitcoin and since the amount of bitcoin that you are getting each day is almost constant you will have a higher profit in terms of $.
I prefer invest and trade them, simple, easy and I don't need to think about other things like purchase CPU / GPU / VGA or other. Just doing some research about the price and news, sit on your seat and take some coffee with friends.
It's not about the price but the mining difficulty keep rising day by day, and you can't get bitcoin in big amount like a few years ago.
It's not about the price but the mining difficulty keep rising day by day, and you can't get bitcoin in big amount like a few years ago.
It is depending of your skill mate. I think invest is suggested because we can get quicker income and bigger.
even you have skill and you dont have enough equipment its useless you cant earn much profit on it. Indeed you are wasting electricity and making a huge bills . So im not agree to mining bitcoin even you have tools/equipment cause its to slow for earnings . Although Much better to invest if you want quicker income. . No electricity bills .
Now the mining industry has not a few years ago, that time as long as the use of a personal computer can. Now it is a professional mining machine operation, and there is a team, and the low cost of electricity is also necessary. It's a very difficult feeling.
I was interested in mining too but after carefully checking what the operation cost would be, I decided to start trading and invest in some good ICO. A set of friends are still interested so maybe I'll try and join. Still not giving up on mining.
Investing in Bitcoin is a lot less effort. You do not have to worry about heat and equipment failure and the rising cost of electricity and power failures and such. You buy bitcoins, move it to cold storage and you are done. Would you have received 800% gain in your mining endeavour for a year, like Bitcoin owners received on their investment?
The small time operators cannot compete with the big mining farms.
The small time operators cannot compete with the big mining farms.
Well i would prefer investing in bitcoins rather than mining bitcoins as i heard that investing in more profitable than mining now as mining is becoming more and more difficult as bitcoins limit is closing in.But with investing there are risk whereas with mining all you have to do is buy the rig and patiently wait as the machine mines the bitcoins.Also if your electricity is cheap then mining can be quite a bit profitable.
I would advise you to make an investment by trying trading, I think trading is the best way you can earn unlimited income. Meanwhile, if doing the mining then we are required to have the capital and buy some hardware mining, so if we do mining requires things to be prepared and much more specific. Trading is simpler and more profitable.
I sold my equipment merely because of electricity
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Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup..
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Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup..
it will again come down to electricity. if you have cheap electricity then you will make profit and if not you will have a hard time depending on how expensive your bill is going to be.
besides with the huge bitcoin difficulty that we have, it is hard to get a good profit. some say altcoins give you more bitcoin when you dump the mined coins than bitcoin itself does.
I do consider this a general discussion but if it needs to be moved, I apologize.
I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.
Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.
WHERE do you all consider the gains are.
its more good if youdo invest and mining because this both is so very profitable but i think it is more risky to invest than use mining because in in invest you need to be patient always to hold it but in mining all you need is computer and money to buy a system etc. to make mining in your pc. I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.
Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.
WHERE do you all consider the gains are.
I think everything depend on choice. For me,Bitcoin mining requires high speed computers and efficient hardwares. Mostly it can cost from few hundred to thousand dollars. But If you have enough time and money to invest in Bitcoins then go for mining otherwise buying Bitcoins is more easy.
Depending on your wishes. The difference is if the investment means your bitcoin balance will not move only the moving price. But, if you do mining means your balance will move (increase) and of course with a moving price as well. I would recommend if you have big capital better to do mining because the profit is higher than investment.
Bitcoin now difficult to mined. More difficult than before. So i will prefer to invest than mining..
I prefer to invest in bitcoin rather than mining it. Because bitcoin mining requires high speed computers and efficient hardwares. And it is also time consuming. And besides, bitcoin is definitely easier to buy than mine it. 
i am not a miners but i am thinking about becoming one, so here is a thought that i would like to put out there:
you don't have to mine bitcoin to get bitcoin. you can still continue mining altcoins and get bitcoin by selling them. you see it is not about bitcoin rising itself it is about how much bitcoin you will gain by mining it directly and how much you will gain by mining an altcoin then selling it to get bitcoin.
i think the later is more profitable and also more importantly needs less investment. you can even do it with 1 GPU, it doesn't have to be a 6 GPU rig.
you don't have to mine bitcoin to get bitcoin. you can still continue mining altcoins and get bitcoin by selling them. you see it is not about bitcoin rising itself it is about how much bitcoin you will gain by mining it directly and how much you will gain by mining an altcoin then selling it to get bitcoin.
i think the later is more profitable and also more importantly needs less investment. you can even do it with 1 GPU, it doesn't have to be a 6 GPU rig.
Mining would need a decent amount of investment or capital initially to start the task i.e. the equipments and a place. Investing directly into bitcoins on the other hand require just the capital that u may have needed otherwise or any surplus money residing with you.
Though mining may bring long term profit, it is quite cumbersome and hectic compared to just investing.
With the present graph, it is more likely to hit some new highs in coming days. So i think investing for now is a better option.
Though mining may bring long term profit, it is quite cumbersome and hectic compared to just investing.
With the present graph, it is more likely to hit some new highs in coming days. So i think investing for now is a better option.
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