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Topic: Is it better to mine or buy Bitcoin? - page 21. (Read 2870 times)

jr. member
Activity: 98
Merit: 1
April 01, 2018, 07:00:26 AM
It is wiser to buy and hold bitcoin. Just stack those coins up until the end of the year if you have kept a lot. Mining is a cool thing to do but as the one who post this subject said, it is really costly. You need to buy lots of equipment, you need a cool place and a lot for keeping those units. So instead of trying on doing this mining thing I highly suggest that you proceed to buying bitcoins.
newbie
Activity: 48
Merit: 0
April 01, 2018, 06:56:40 AM
I think it is better to buy bitcoin rather than mining. Because mining requires a lot of time, tools and etc. To gain bitcoin you need to do a lot of task. While in buying bitcoin, you can use it to invest, buy, sell and so much more Smiley
member
Activity: 350
Merit: 10
Semi-Decentralized Exchange
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.
full member
Activity: 364
Merit: 101
April 01, 2018, 05:44:23 AM
Mining is not for everyone. You need to have a stable electricity and also high powered computer to mine. Its really not as simple as that. If you want, just buy bitcoins. Make sure you buy during the dip. Now is a good time to buy that its still low coz when it starts to bullrun theres no stopping that.
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
April 01, 2018, 05:40:29 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.

We can't say directly that which one is profitable for us because all does depends upon the requirements that we have to work in this field .If we have lots of money to buy mining equipment and also we are in those areas where electricity is cheap and also environment is cool that is favourable for miners to perform Thier work perfectly .
But if you have money and not favourable conditions for mining then will be more better to use your money to buy bitcoin and use that amount of bitcoin to hold and trade to increase that amount of bitcoin .
And also if you will hold for long term then surely you will be able to make bulk money easily ( but everything needs better experience and knowledge to perform your work perfectly for profit ) .
newbie
Activity: 196
Merit: 0
April 01, 2018, 05:34:59 AM
I think it is better to buy than to mine. You have more profit in buying , selling or trading bitcoin than to mining. That is in my own opinion because bitcoin price is better now.
newbie
Activity: 194
Merit: 0
April 01, 2018, 05:28:18 AM
Buying is the fastest and cheapest way to gain some Bitcoins. You must take a look at exchanges and market price, sure, but it's always better than mining in my opinion
member
Activity: 378
Merit: 10
March 31, 2018, 01:20:20 PM
It seems to me, in the current conditions of a downtrend, the mining of bitcoins is more profitable than trading.
In addition, mining is not such nervous as trading. If the BTC grows, then trade and investment are likely to be more profitable.
newbie
Activity: 154
Merit: 0
March 31, 2018, 12:35:54 PM
I think that mining bitcoins i very hard end expencive, you can't be sure you will get profit but if you buying , chance to make some money isn't low.
newbie
Activity: 210
Merit: 0
March 31, 2018, 12:23:45 PM
if seen from the current price down, buy better with the cheap price, so, furthermore by just holding back our bitcoin, wait until the price recovers. this is a pretty effective way to make a profit.
member
Activity: 378
Merit: 12
March 31, 2018, 12:17:49 PM
Well, mining equipment is really expensive but with mining you are receiving Bitcoins with paying for them much lower price (electricity etc) after payback so it is your choice
sr. member
Activity: 743
Merit: 250
March 31, 2018, 12:17:24 PM
Mining BTC is very expensive nowadays in most countries of the world. If you have cheap electricity and equipments then of course mining is better, but if you have to spend a lot of money to mine , I think it is better to wait until the BTC price go down and buy it, then hold your coins until the price go up highly.
full member
Activity: 251
Merit: 100
Powered by Artificial Intelligence & Human Experts
March 31, 2018, 12:16:41 PM

 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, buying bitcoin is much suitable for us who are a normal users of bitcoin. We dont have a large amount of money to be part of a mining activity about bitcoin which is expensive. Usually the rich persons are the one who holding this kind of activities.
full member
Activity: 364
Merit: 117
March 31, 2018, 12:13:00 PM
Bitcoin mining is not much profitable now. I tried it at my place but due to high electricity cost and other maintenance charges it was not worth mining. It's good to buy btc in a dip.
If you are in a country where electricity cost is none or very cheap, I think you can mine there.
hero member
Activity: 1820
Merit: 515
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March 31, 2018, 12:11:58 PM

 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.

Yes it is profitable only if you have enough investment to buy the equipments which creates the necessary hashpower to mine bitcoins.So you can mine bitcoin if you don't have money to buy miners.But the difficulty level also increasing now so it is better to buy the bitcoin then mining it.
full member
Activity: 826
Merit: 104
March 31, 2018, 12:07:20 PM
i think buying bitcoin is profitable so buy bitcoin and hold for long term
newbie
Activity: 308
Merit: 0
March 31, 2018, 11:52:21 AM
Better to buy bitcoines because btc price is dump now.
newbie
Activity: 160
Merit: 0
March 31, 2018, 11:50:34 AM
According to me it's better to buy bitcoin because nowadays bitcoin prices are down so, you should buy bitcoin than hold it while prices increase just sell it & earn huge benefit.
jr. member
Activity: 65
Merit: 1
March 31, 2018, 11:20:36 AM
I think now, to become a good miner of bitcoins, you need to invest a few hundred thousand dollars. It is easier to buy bitcoin for this money and wait for its growth.
hero member
Activity: 1526
Merit: 501
DGbet.fun - Crypto Sportsbook
March 31, 2018, 11:19:14 AM
Today, about 80 percent of bitcoins are mined. Therefore, the complexity on them is constantly growing, and it's getting harder to get them. Therefore at the moment, I think it's easier to buy bitcoin rather than mine it. It is better to extract altcoyins promising.
Yeah, the amount of bitcoin that can be mined is gradually smaller, competition in mining will probably also be higher, equipment is also becoming more expensive, and I hear many people say that the government can look for bitcoin miners from the power supply that is provided to the mining equipment. That is quite dangerous, we can be taxed income or face legal issues, this will not be a joke, to be more secure, buy bitcoin and then trade or invest in potential ico projects to earn more bitcoin, it will be reasonable and help us avoid some of the hassle
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