Topic: Is it better to mine or buy Bitcoin? - page 19. (Read 2849 times)
I personally believe its better to buy Bitcoin at this time.
I guess it depends on where we see it, the mining process in contrast to bitcoin buy bitcoin, because mining requires a special means to obtain results of the Bitcoin, in results between the mine and the purchase is just the same.
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.
it's a reality, but by looking at the current situation, the best thing to me is to invest in bitcoin now and take advantage of this huge downturn. and I believe you will definitely get the best out of this. after accumulated enough capital. you can do mining.
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.
For me its better to buy bitcoin than mining because im sure that buy is better if you are a beginner. In mining there are so many process before you mine.
mining requires a lot of capital and the possibility we have to better prepare all the equipment we need. but buy bitcoin has a simple nature and maybe we can buy bitcoin with whatever amount we need so I think buying bitcoin can be easier and does not require a large capital.
people have different hobbies, and for me, buying bitcoin is something better than mining. well, mining does look promising in the future, but by having bitcoin, we can also take advantage of it to gain profit.Both are better in their own ways if only you have a capital to invest to buy/hold some bitcoins or buy some equipment to mine some bitcoin. Nowadays, if you mine bitcoin it wouldn't be just as profitable like before since the difficulty get larger and cost to electricity for some ASIC miner is huge to accommodate. I think those profitable of bitcoin are those who has farms of their own or those who has low cost of electricity regions. Better if you have small capital to buy right now since bitcoin is in dip then hold it on what objective you do want to sell it.
Well, it depends on how much effort you are willing to invest. It is easier to start with bitcoin if we will just buy. We can take bitcoin from stock market. If we will choose mining, we need larger amount of electric consumption. And more effort in mining.
I guess it's depend on the situation mining will be better than buying bitcoin if the value increased and becomes higher than usual . On the other hand , buying bitcoin will be better than mining when the value has dropped and you want to earn bitcoin .
you all said it in your question hehehe, yes mining needs many good equipment and large scales of electricity consumption - of course, big budget too, if you can have both - yes do it, otherwise, buying is good start into crypto.
I think buying bitcoin is better than mining. You could use bitcoins as a capital investment, then you could convert it to altcoins. By reading the flow of the market in an exchange, you could determine when to buy and sell your altcoins, this is a more profitable method than mining. You just have to invest more time in monitoring the market and always be update on the current news about cryptocurrencies.
Mining needs many headaches like cheap electric supply and others. If you can manage such high tech process then you are already on frontfoot
At present altcoin is becoming harder to exploit. Difficult to rise, too many minning participants, the market becomes bearish. Currently buying bitcoin and minning are equally risky. We can not be sure we will do the right thing. I would choose to buy Bitcoin because maybe bitcoin will increase the price again faster and I earn more profit than minning.
If I personally choose to buy it, because if buy is profitable and just wait time bitcoin up and there resale bitcoin. And the way it works is just a matter of time.
better buy bitcoin if you have a lot of money because it is faster and does not wait long to get bitcoin
in my opinion, we prefer investments dibitcoin than we get by mining, because for us to mine takes a long time, compared with investment, because I think investing easier to earn money every day, by trading in a way that we get with ease.
this definitely requires insane amount of investment and basically should be considered as launching your own business, no less, to meet the breakeven point. If you have such money to risk and you evaluated your abilities correctly, then why not? Many people (including me) believe that Bitcoin is bound to grow again
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 would agree with you, mining equipments are very expensive. I would say it was worth it at mining when the price was very low. But even that just buying and holding was almost more rewarding in the long run !
It depends on your lifestyle. If you are a busy man that works a dayjob or an entrepreneur, I think it is better for you to just buy Bitcoins since it will just take a little out of your time. Unlike mining, it should be given focus and time for it to be successful.
For me, it's better to mine than to buy bitcoin.
With patience and perseverance waiting for the flow of assets we have increased by itself. Almost we do not bear the risk. While buying bitcoin we must be extra careful in determining the time to buy.
With patience and perseverance waiting for the flow of assets we have increased by itself. Almost we do not bear the risk. While buying bitcoin we must be extra careful in determining the time to buy.
I would rather buy bitcoin than spending lots of money to mine it. Mining is very slow nowadays so better to catch the dips and accumulate using that money. Also mining other coins is more profitable than bitcoin.
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