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.
Topic: Is it better to mine or buy Bitcoin? - page 23. (Read 2849 times)
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 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.
Mine or buying is same need capital which we will use as the first capital.
If buying the money we can use to buy directly without buying instrument like mining. So all is the same, and all is depend on which one you prefer to do.
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.
Crypto currency The bitcoin works like a living cash, combining the functions of e-commerce. You do not need to pay commissions and fees to banks and other organizations.
if you use bitcoin for simple transactions such as using bitcoin to buy goods and services,selling bitcoin to someone else would be taxed or a commission on a capital gain in a country. 
I never mine btc and suggest other people not to mine it, mining cost lots of time and effort and much of the profits is taken by the pool, buying with money is the most efficient way to get bitcoin and its easy to quit
Buying bitcoin is better than mining, about a year ago I've tried mining by buying 2 units of S7 and 1 unit of S9 from Bitmain, I think that mining is very profitable because from calculation then I can get RoI about 5 months at a price of $ 10k, but what I experienced is different, more than 8 months RoI and I finally sold all the mining units.
I prefer both. Well if i have the funds i would try them both. But i think that buying is more profitable. Why? because you dont need to have those equipments in order to have bitcoins. And also those equipments are very expensive and needs taken care of.
At present, the price of BTC is very low. I do not recommend the mining of BTC, but the direct purchase of BTC should be more profitable.
I rather buy bitcoin than mine. If mining, i think the cost will be higher, unless i want to mine in a large scales which might give me a bigger return. But with the current price of bitcoin, i think is better to buy bitcoin than mining.
we can choose between buying or mining bitcoin. if we have a lot of money and unlimited we can buy tools to mine and can produce coins without having to think about prices in the market. if we buy coins then we should be able to trade and smart to decide when to sell and buy.
Currently the best way to invest is to buy btc directly. Btc price is still low. And when all the bad news or false news is done then the btc price will rise again. Years ago mining was the way to go. Now the prices for mining rigs have increased and the difficulty of mining btc is more difficult so that mining will not be cost effective
You should buy bitcoin now, it is better to buy bitcoin than to mine. Bitcoin price is good now.
I prefer to buy bitcoin, because mining is expensive. You should have a mining equipment and pay for lelectricity bills, it takes much time. I participate in bounty campaigns and trading.
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.
You have a pay a much higher electricity, also you need a good equipment to mine faster and you must maintain your equipment regularly.
While in investing in bitcoin the only worry you have is its suddenly price drop.
But now while the bitcoin price is low, maybe its a good choice to invest.
From the point of market view i can say mass production is always profitable so go for mining if you meet all the requirements.
Crypto currency The bitcoin works like a living cash, combining the functions of e-commerce. You do not need to pay commissions and fees to banks and other organizations.
I have seen a comment on the internet that it is really costly to buy mining equipments and operating it also consumes a lot of electricity. The more coins are mined the more complex is the computation process such that miners lose to electricity bills. If this is the case I think it is better to just buy bitcoins rather than do mining.
buy is better option for now. its already in huge dip buy it and make big profit
Well you have said it all that mining Bitcoin is more expensive as compared to trading Bitcoin in a way of buying when its value is low and sell when its value appreciate significantly or depends on the level of your profit that you set for yourself.
if you have the necessary equipment in your possession you can mining by paying the electricity. Your risk or harm is minimal in this. On the other side, there is a possibility of a big drop in sales. This can be answered according to your situation.
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.
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