Topic: Is it better to mine or buy Bitcoin? - page 22. (Read 2870 times)
I think you better mine bitcoin, because if you buy, you will be very loss if the price drops. but if mine not too. #CMIIW
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.
Consider the bitcoin price in buying Bitcoin never buy when it's in highest value, you probably going to gain loss.
In mining you just need to have equipment and you are ready to go it is like you are investing on something and after that you will earn.
For me I will go for mining, because it will surely gain profit and easy to maintain.
In mining you just need to have equipment and you are ready to go it is like you are investing on something and after that you will earn.
For me I will go for mining, because it will surely gain profit and easy to maintain.
If you live in country with cheap electricity then you might consider it, because to buy you will pay extra 10-20% fee and if summ is big then to mine is better.
If you have the following advantages: cheap electricity, cool climate and substantial capital then it may be feasible to go into bitcoin mining. If not, you are almost certainly better off just buying and holding BTC.
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.
Both of them need money to start, and both of them is expensive to start. Always know the advantages and disadvantages about the mining and buying of bitcoin. But for me, if you have a great place to mine and if it is cheap to buy gou in your country them I better go to mining. Mining need a great maintenance in your mining rig. In buying there is a risk that you can lose money but all you need is ptience. It always up to you what you will choose.
mining in this kind of bitcoin prices is kinda hard and tiring, not just the poor rate of bitcoin these days, there are electrical bill that high too because of that bitcoin mining rig. it is surely better to do some trading or investment in bitcoin rather than to buy the mining rig.
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.
I waiting for lower price of bitcoin to 5,000-6,000 dollars. This will be a good price range for buying bitcoin.
Yup that is my range too for buying bitcoin because i believed that 5,000 USD is the bottom of this crash and that is the best to enter the market and to get a lot of bitcoin for future holdings. If the price goes lower than 5,000 USD then it is a red flag for me that i should stop buying and sell it for a low price and buy again for a lower price.
I waiting for lower price of bitcoin to 5,000-6,000 dollars. This will be a good price range for buying bitcoin.
Before mining was the best way to earn bitcoin but lately it seems like buying has been the easiest and fastest way. If I have the resources I would definitely buy bitcoin rather than mining it. Mining cost a lot of fortune, I would rather use that money for mining to buy bitcoin than to spend expensive mining rigs and set ups.
I don´t know if nowdays are good moments to keep the rig´s working. The market are on the ground and right now aren´t profitable.
I´m thinking to switch off my rig.
I´m thinking to switch off my rig.
I think buy bitcoin is better than mine.Bitcoin is most powerful cryptocurrency.If anyone wants to invest his/her money I suggest to buy bitcoin now because it is the time to bye bitcoin.
It is better to buy bitcoin than equipment for mining. Because you need to buy really worthwhile equipment. A weak device will significantly reduce your chances of success. Secondly, electricity cost may exceed revenues from mining. still there is a risk , which is that the constantly changing and difficult to predict.
Both choices are good but it will depends on you whether you choose mining or trading. If your a really good trader then I suggest that you go for trading because it will give you profits in short term. And if you want a long term profits then I suggest that you go mining but then again if you have the money to set up a mining rig because if you dont have enough money then don't think anymore and go to trading. Just buy the money you have in bitcoin.
From my opinion, both are good. These two are good if you have the money for capitalization. In mining, you need to have very large amount of money in buying the mining equipments and for maintenance, while in buying bitcoin obviously, you need money for you to be able to buy bitcoin. I think you will just consider your capabilities. If you are a person with good intuition and understand the market very well, buy bitcoin. But if you are a type of person who has patience, you can also pursuit mining especially we all know that mining now is a little bit harder than before in a way that it takes more time than the usual time it takes.
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 would rather invest in bitcoin than we mine, because for us to mine takes a long time, if I invest in bitcoin easier to make profits in the short term, because we trade for us very easy to make money every day.
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