Topic: Is it better to mine or buy Bitcoin? - page 2. (Read 2870 times)

I think its better to buy small amounts of bitcoin all the time to get an average price.

Mining bitcoin locks up a large amount of your capital, and puts it at extremely high risk. Most home miners dont know enough about it and get involved before they know all the risks. The constant difficulty increases mean that for most at home miners, there is a change they will not break even, let alone profit. Nobody tells you about the problems you might have such as faulty hardware, troubleshooting problems, or waiting for replacement parts. If you are ordering from outside the country there are often delays and other hurdles such as import taxes and customs fees that nobody tells you about. Cloud mining is even worse, and most are just pyramid schemes.

If you just buy bitcoin instead, you can instantly have bitcoin to the value of your capital. With the difficulty increases, you might never get as much bitcoin if you mine it instead. With mining you are at a loss in bitcoin terms until you have earned enough bitcoin to cover your costs.

If the price of bitcoin skyrockets, you can immediately benefit and even sell some bitcoin if you have bought. If you are mining instead, the price does not affect you in the same way. If anything, your earnings might decrease as more miners fire up their equipment and the difficulty skyrockets.

If the price dumps and you are hodling, you can at least sell to stop losses. If you are a miner, you can either turn off your equipment, or mine at a loss.

It all depends on what you pay for your equipment, and what your running costs are, but for most home users, I think hodling bitcoin instead of mining is better.

It depends. Both ways are good

both require capital and have a risk, but I think it is better to buy because it is more simple and fast, especially when the low bitcoin prices like this is very appropriate to make a purchase

Compared to mining Bitcoin, it is better to buy the Bitcoin in the market at the present price because you need to spend a lot of money for mining one Bitcoin. In order to mine one bitcoin, we have to spend a lot of money for equipment and hardware peripherals to mine one Bitcoin.

In my opinion, both are essential mining genuinely working out even the coin drops down or decrease. But buying some bitcoin is also a great way to gain money yet it is difficult to know when is the right time to buy or sell.  Thus, both are beneficial if you know when to sell how to sold and knew where to arrange as the circumstances come whether earned mining coins or bitcoin.

To me personnally better buy. Because the price of graphic card is ridiculously high while the mining result isnt really satisfying. Unless you have free electricity.

Mining is no longer profittable right now, there is too much miner alr3ady while the price of the coins is not that much

In my opinion, trading is much more profitable and you can start with  small amount as well. Mining will get tough with time.

If you have the money limited may be mine bitcoin is better because if bought we need a lot of money and if there is a loss it will be having lost a large while the loss of mine would not be too big

If you dont have the money to buy bitcoin then you can do mining. In mining you dont need to spend money. They will pay you bitcoin and its up to you if will keep and hold it til the price is getting high.

Yes, I agree with your opinion that Buying Bitcoin and trading it is more profitable than having to buy Bitcoin miner equipment.
I think mining Bitcoin would be profitable if done with a lot of equipment, maybe it can only be done by a company.

Personally, I buy, mine is also good, but this option does not suit me. Too much noise and you need to always keep an eye on the equipment, and I like to travel.

Minning if not right in our strategy will lose a lot but with the advantage we can have a tool device that can be resold. but for those who limited money certainly can not buy the tool is actually my own preferred purchase rather than have to buy minning tools

imho, when the btc price is low, its better to buy btc directly.

and when the btc price is high its better to buy mining contracts from cloud mining companies.,

so you dont have to deal with mining hardware and electricity and other issues that comes with mining by yourself.

For me I would rather buy bitcoin than do mining. Mining requires a lot of resources like expensive mining rigs and not to mention high electricity bills. For me it is hard to maintain a bitcoin mining rig plus there has been a lot of miners already so I would rather buy bitcoin and hold it for long term.

If you have money to fund a mining rig then go and start mining but nowadays it's hard to mine because of the overpopulated mining industry so instead of mining go but bitcoins and hold it and when you think the right time comes then sell it. There's a lot of ways to earn bitcoin but you have to work hard to earn it unlike mining that electricity is your number one enemy. For me try to learn trading because it's the best as of now when it comes of earning huge amount of money in less time and it's safe unlike investing that you don't know whether that site is paying or just a scam site.

It will depends of how you will profit of it. In my country mining is a risk because of our lack of electricity not probably but the payment of our electricity is gold. If you live in our country just like JAPAN I think it more profitable the mining because low cost of electricity. But for buying bitcoins is more easier way to profit it than mining. But both of them are profitable it depends of how you handle it.

I think its better to buy bitcoin, its less cheaper and you dont need to purchase expensive equipments which will need your maintenance and power expenditures.

Needs expensive equipment to mine bitcoin. From my friends told me, mining bitcoin right now can give profits if bitcoin price above $8000 because electricity cost monthly very expensive. So I am better buying bitcoin on exchanger

unless you have a huge farm full of asics i'm affraid you can't mine bitcoin in a good numbers..
so the only way is to buy bitcoin.. form exchanges. I think that current pump soon will be over and bitcoin will continue to decline and so there will be a possibility too buy bitcoin at 5000-5500 range..

Every people have different perspective about mining or buying bitcoin. Both have advantages and disandvantages. For me, I am better buying bitcoin in market because i dont have good equipment to mining bitcoin and anyone have their own reason why they mining or buying