Bitcoin mining requires high speed computers and efficient hardwares. Mostly it can cost from few hundred to thousand dollars. Bitcoin by default will make mining a difficult task with time (though miners can earn via transaction fees).
If you have enough time and money to invest in Bitcoins then go for mining otherwise buying Bitcoins is more easy.
Topic: Is it better to mine or buy Bitcoin? - page 17. (Read 2870 times)
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.
might buy better to mine because it makes you likely to save money to mine on a daily basis for a certain price
Bitcoin is the worlds first Cryptocurrency no doubt. Bitcoin is an online currency no Banks or any government takes control over Bitcoin. Bitcoin transactions is done by peer to peer transfer through the internet. To me I prefer to buy Bitcoin from exchanges or others who holds Bitcoin from trust worthy persons. I don't wish to mine Bitcoin since it is too expensive compared to electricity usages In countries like China the energy rate is too low so there are so many mining factories run by. Bearing in mind about all the expenses I think better to buy Bitcoin.
Bitcoin mining is a good choice, but you need to choose a good time. For example, when the market is about to rise, the profit of mining will be a good income, but if it goes down, the mining income may be greater than the expenditure. , so you need to choose a good time is very important.
Both are expensive to invest with. Bitcoin mining computers are quite much expensive than directly buying bitcoins. I think it is better to choose to buy than to mine. But both are good investment. Maybe bitcoin miner may expensive in the first place, but i think the return on investment is good.
Bitcoin mining is a good choice, but you need to choose a good time. For example, when the market is about to rise, the profit of mining will be a good income, but if it goes down, the mining income may be greater than the expenditure. , so you need to choose a good time is very important.
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.
In my opinion, it is better to buy Bitcoin because the price today is still low and then just hold until the price of Bitcoin will rise up again. We all know that the price is still have dips these past three months but don't be discourage because that is normal in cryptocurrency trading. Just take this time or opportunity to invest additional and then hold. Bitcoin is our future so don't be afraid about what others said that discourages us. Just believe that Bitcoin will increase too soon.
I chose to invest in bitcoin and do not regret it at all. Mining is a very costly enterprise.
Actually it costs us so much because we don’t have reliable sources of electricity. For mining you don’t need anything extraordinary rather just use some good PCs who are powerful and can have internet access plus electricity availability whole day. And this resource providing thing make bitcoins more expensive. Commercial electricity will cost so high so all the profits are just dispread in that cost only. Takes a very long time to ROI if mining is current. as well as many other options with other mining coins that you think have the potential to make a profit far greater than today. as well as the difficult mining block mining continues to grow. so the total bitcoin you receive will continue to decrease. so quite not worth it if with minimum capital.
Mining is only good for the people who got a lot of money because the profit of mining is not that high compare to the other way of making money in cryptocurrency. If you don't have a lot of money then it is better for you to just buy bitcoin and learn how to trade different cryptocurrencies so you will have more profit compare to the miners. 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.
Takes a very long time to ROI if mining is current. as well as many other options with other mining coins that you think have the potential to make a profit far greater than today. as well as the difficult mining block mining continues to grow. so the total bitcoin you receive will continue to decrease. so quite not worth it if with minimum capital.
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.
You put money and effort for the both of them. Both are also risky, but I agree that mining will consume more electricity and thus the ROI (return of investments) for all the expenses like mining rigs, etc. will return in a span of a year or more. Though you can see your everyday profits, the volatility of the prices will not benefit you if the dump stage came in.
I suggest you invested in bitcoin. Save your money and buy btc. Less hassle and more convenient.
My suggestion is that buying is better if you have the time, knowledge, and willingness to trade for maximum profit. If you do not have it and you want to accumulate btc or some other mine and do not have to worry about the daily market than me. Buy a good rig / miner, plug it in and let them do the job. You only have a bucks bunch, but you might also consider btc free by going deeper in this forum
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.
Buying Bitcoin at this time is a more sensible move than mining because Bitcoin's value is down.
I agree with you because of the price dropping. While in mining it takes time to get bitcoin but there's a good result on that. Price dropping low is the advantage for us to buy bitcoin at low price. 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.
Every option between mining or buying bitcoin have their own advantages. If we are buying bitcoin and holding it for long time, we dont need to build our rig to mining bitcoin. Most important thing is we holding our bitcoin not matter if we mining it or buying it
If you aren't bitman or any other big company then mining bitcoin will be unprofitable for you. But if you mean other cryptocurrency like ethereum then it depends on your strategy. But I prefer buy cryptocurrency not that stuff that heat my apartment and broken from time to time. I think buy and hold for a regular people is much more useful option. If you making big business and utilise that heat or and other product from mining than it can be good idea, otherwise it is not.
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.
During the bear season, it is better to just hodl Bitcoin rather than mining them. Mining costs a lot. To start with, you need to buy those expensive and latest rigs, and then set them up in a place that is really conducive and cool. From there, you will have to pay a huge electric bill regularly. But then, the price of Bitcoin is very cheap. Either you gain a relatively small income or break-even. But during the bullish months, mining is so worth it. But you may also do the two at the same time if you have the resources.
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.
Mining requires expensive hardware, although it can provide you with a steady income every day, but it takes nearly a year before you can get a return on your investment.
I think the method of trading can be risky, but if you can do it the right way, earning interest on bitcoin is a good way to get bitcoin.
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