Is it better to mine or buy Bitcoin? - page 20.

weblouartisan

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Lets Go Adab

Quote from: QN2018 on February 02, 2018, 08:27:13 AM

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 depends on what do you prefer that will suit's your way of earning cryptocurrency, mining is profitable depending on the electricity consumption in your place while buying bitcoin is also profitable if your good on trading in the market or you will hold and wait for very long time until the price will grow.

Jcabudx

member

Activity: 236

Merit: 39

For me it is better to mine than to buy bitcoin because mining bitcoin is just earning and no money involve in your side you on't have to spend money while buying bitcoin is you have to release money first before you can have more bitcoin

babarian

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Quote from: QN2018 on February 02, 2018, 08:27:13 AM

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 also choose to trade compared with mining, a considerable cost I must spend if I will do the mining. different from the trading does not need large capital, you can get the benefits according to the capital you buy and sell

ardibimbim

jr. member

Activity: 201

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In my opinion, when viewed in terms of profits, mining or buying bitcoins are equally profitable, it all depends on how you like and which way you think is faster and efficient to get bitcoin.

doch

sr. member

Activity: 371

Merit: 250

Quote from: bjmpoker001 on April 01, 2018, 09:22:44 AM

It is depends on the situation sir. If you want a passive and safe income, you should mining bitcoin.
but if you want to get more bitcoin, you can buy bitcoin and trading. but it is less safe because you can loss if the market falling.

If you have a low cast of electricity, then the best option for you is to buy equipment for mining bitcoin and mine bitcoin, but if it is casty for you and you feel that you cannot mine bitcoin then the simplest way is to buy it and then use it for trading and for investment purposes.

Abugbilla

newbie

Activity: 121

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If you have the financial power to buy equipment that can mine bitcoin, why do you have to waste time buying bitcoins again? We all know that at the beginning, it will seem you have run into a lost, but as time goes on, you will recover and start making profit again.

BUK2016

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All is dependent on your capital because mining is capital intensive though profitable but to me trading is more profitable as compare to mining if you understand what crypto currency trading is all about or entails.

Topaz72

member

Activity: 322

Merit: 10

Quote from: tannerchum on April 01, 2018, 06:17:45 AM

As I know about bitcoin, its better to buy if you have your capital but its to risky if you dont know more about investment their are many scammers and failed campaign in investment. Then about the mining its cost lots of your time will lost buts its worth it because you will earn in that way.

Umm yeah both are the mining and buying bitcoin are the best ways of earning money in bitcoin, I prefer to use bitcoin buying and holding because it takes money only you will not have to do anything but just have patience to hold your bitcoin and your money to invest after that you will only have to wait for the market change, at mining mate profit is very high but it has some risk that you will have to face, buy some mining equipment and go for mining, it will earn huge profit for you, so buy mining equipment’s if you have high amount of money.

ikiscream

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you are right. we must have the capital of profit to buy expensive mining equipment to satisfy the mining results but need to remember mining tools need more money like electricity, internet, imagine you spend more money but mining results can not cover the cost of the mining equipment itself

Btcmarmipp2

jr. member

Activity: 154

Merit: 1

For me it is better to buy bitcoin because it is more efficient than those to mining. You can buy bitcoin if the value goes down and sell it when the value goes up. In mining the equipment a very much expensive.

koincik

sr. member

Activity: 868

Merit: 265

★Bitvest.io★ Play Plinko or Invest!

Mining is expensive, buying can be easier.

Alanpigi80

full member

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Everybody can buy. A few can mine.
If you have the power and time to mine, then go in and enjoy this new experience. I don't recommend if you're an average guy without solar panels, electricity is expensive nowadays

AlexsanderGusev15

newbie

Activity: 33

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In my opinion, it is better to invest in Bitcoin and this is a good profit and earnings.

beej

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Merit: 108

Quote from: QN2018 on February 02, 2018, 08:27:13 AM

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'd say it's much better and convenient to just buy bitcoin directly and hold it for the time being. Saves you time, effort
and the headache of the cost. Buying Bitcoins seems more reliable and convenient, I tried mining, you get free satoshi
every now and then but the electricity consumption and equipment does bothers me. I try to weight things, am I getting
enough to pay the bills or the other way around. It's clearly not my thing, but I know a few who does mining and they
buy bitcoins when they get the chance. They seem to be happy about it, so it's another personal preference I surmise.

engrlodi

member

Activity: 308

Merit: 18

For me I rathered mine because in this, there is no risk to have bitcoin but there is alot of maintainance when it comes to mining. Buying bitcoin has abig risk but you can have a good profits if the bitcoin goes pump. Both of them needs capital to start. But it always depends on you what will you choose. For me, I will choose mining because of its passive income.

bjmpoker001

member

Activity: 406

Merit: 10

It is depends on the situation sir. If you want a passive and safe income, you should mining bitcoin.
but if you want to get more bitcoin, you can buy bitcoin and trading. but it is less safe because you can loss if the market falling.

Erlinda Santiago

full member

Activity: 266

Merit: 100

Quote from: QN2018 on February 02, 2018, 08:27:13 AM

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 the best way is to join bounty campaign so that you cn earn money or tokens then trade or invest it in bitcoin then there you have it you can gain profit as long as you want

drippx

sr. member

Activity: 539

Merit: 250

It seems that the financial department does not support you. Make money slowly from a small amount of bitcoin. Become an excellent trader and learn candles. If you do well, those small numbers may become huge and huge. But if you are as rich as Tony Tucker, then do both.

roller24

full member

Activity: 318

Merit: 100

In my opinion it is better to mine because in any case it will be profitable after the cost of equipment pays off.And buying bitcoin can be the best is not always

ram64GB

newbie

Activity: 72

Merit: 0

It depends on how you manage your time in mining but for me selling is the most profitable way.

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