Topic: Is it better to mine or buy Bitcoin? (Read 2870 times)
Why would you buy all those expensive eq to mine while you can use no energy and have it all?! years ago that was a great way to make bitcoin and keep them in storage but now... its a whole new story!
I think it's better to buy from mining. at the beginning of the Bitcoin game, which can be accessed newly using their computer's CPU. As more people start to mine, it's harder to find new blocks for the most cost-effective method of finding new ones.
it's better to buy bitcoin because you can make money faster, by buying bitcoin when the price drops again and selling it back when the bitcoin price is going up high
Mining bitcoin is only profitable if the expenes will be recovered in a short period of time . Use cost analysis
The most expensive input in mining bitcoin is the electricity so check it
But personally i will not hassle myself buy buyig materials, computing the cost and set upping rigs etc.
I will buy bitcoin and do something abouy it to grow period
The most expensive input in mining bitcoin is the electricity so check it
But personally i will not hassle myself buy buyig materials, computing the cost and set upping rigs etc.
I will buy bitcoin and do something abouy it to grow period
I personally think this question has a lot of analysis to be done and there cannot be a straight yes or no. Mining bitcoin among others depends on your environment, electricity availability and the cost in your area as well as a good projection for recouping your investment and running costs. If you do not have time for all these stress and it simply wont pay you after your analysis, please buy the bitcoin you can affrod.
I preferred buying bitcoin a few years ago, and even now I would not agree to mining. It is expensive, very expensive, and not easy to find equipment. Buying bitcoin is much easier.
I think you are right, and it is better not to bother with the equipment and immediately buy bitcoin and keep it safe. I did just that.
It is depend on when you want to have profit. If you want it fast - buy bitcoins. If you can wait - buy mining pool. It will give you profit after year and than will be free for you.
Yeah, but fast Bitcoin is not good Bitcoin at all because you won't earn no more Bitcoin from that unless you're investing them or using them to trade for making profits.But with mining, actually you just need to pay the electricity to let it work and it will mine the Bitcoin for you all the time unless you're not plugging them in.
The solution is relatively a disposition and location one. If you live in China or other developed country where energy is relatively cheap and data is readily available, then mining is cheaper and better. However, if the above conditions is not the case then buying may be the better option.
It is depend on when you want to have profit. If you want it fast - buy bitcoins. If you can wait - buy mining pool. It will give you profit after year and than will be free for you.
well do you already have the equipment? if so then don't mine if i do. hopefully nothing breaks and is expensive to replace. as far as investing in a ton of new gear to do it on. probably best not to.
i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.
As based on what you pointed out it is easy to conclude that it is much better to buy bitcoin instead of mining it specially now that the graphic cards for mining bitcoin increases tremendously though with a proper miner will guarantee you to earn passively its cost defeats its purpose plus the risks of volatility may affect your estimated date of your return of investment.
i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.
i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.
Not sure that mining bitcoin nowadays is profitable. We have big problems with hashing power in the world and better to buy bitcoin and leanr how to trade probably.
I think that it will be more expensive to procure than to buy because it will require high-output graphics cards that are very expensive now
Bitcoin has gotten so expensive to mine that if you do not have a significant amount of money to put into bitcoin mining then you will not make any profit due to high cost of operation so I think it is just better and easier to buy.
By comparing the cost of higher electricity and the huge cost for the harddrive to mine bitcoin, i rather buy a bitcoin than mine as mining not only cost a lot of money but the result might be not that good. So just buy bitcoin.
It's too late to mine bitcoin, but I still have a reason to buy it. Asic miners are expensive and quickly lose relevance when a new model comes out.
Mining requires a lot of things with good settings. This will not match the capabilities of most people, while trading can be done even with a little knowledge. It depends on the background of each person whether to choose mining or trading.
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