Topic: Is it better to mine or buy Bitcoin? - page 28. (Read 2849 times)
The rate at which bitcoin has been reducing in price recently, I think it is far better to invest in mining equipment, mined and you can be profitable than holding bitcoin with the same money.
Bitcoin mining is now quite difficult due to the increasing complexity and a huge number of mining farms. If you are not going to invest at least $100,000 in mining, you can not try. The risks are very high, and the return on investment of less than 100k is simply not justified.
As an option, you can mine alternative cryptocurrencies. The same Ethereum mainits easy and good growth in price.
As an option, you can mine alternative cryptocurrencies. The same Ethereum mainits easy and good growth in price.
It’s much better to buy better to buy BTC then mine. If you have enough money to invest. Much better if you buy Bitcoin at low price. On the other hand it is also a good choice when you mine bitcoin. As long as you have cheap electricity supplies.
Better to buy bitcoin little by little if you have an extra money than mining as mining requires an expensive equipment and consumed more electricity that generates 24/7.
There is greater profit in buying and selling. Mining is very important, however it takes alot of time and resources. Most people don’t have the equipment and resources necessary for effective mining.
Even if you use third party mining services, the profits can be fairly small.
Even if you use third party mining services, the profits can be fairly small.
To me it is actually better and easier to buy bitcoin instead of trying to mine it because of the time and stress involved in bitcoin mining. You're better off just putting your money into investing and holding.
You can try to invest in cloud mining. Do not spend money on expensive equipment for mining. It's just necessary to choose the right moment
for investing in cloud mining. If the normal term of the ROI for cloud mining is approximately 1 year, in case of investing at a drop in bitcoin prices,
you can return your funds for 2-3 months and then constantly receive passive income.
for investing in cloud mining. If the normal term of the ROI for cloud mining is approximately 1 year, in case of investing at a drop in bitcoin prices,
you can return your funds for 2-3 months and then constantly receive passive income.
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.
Buying is easier, but mining is cost effective 
In fact, you can do this and that because buying it is worth the money and it's worth the money to spend money on equipment and then it will already be profitable, so it's twofold.
I agree with you. Mining requires you to have a big capital to start. So for me it is better if you just buy.
for me it's better if you have money to get out of your money just wait for the bitcoin to grow. For those who have a good reputation for mining, it's better to feel the feeling that you are suffering.
yes, you are absolutely right, unless you can buy huge sophisticated hardware, buying and earning Bitcoin is the best option.
mining is good for me, because we all know that if we build a mining rig, we just need to wait until ROI which is wait until 10-12 months, after that we get the full profit of our mining, thats mean that if we build it we can get more money after ROI, and if we stop mining we can get the money after we sell the hardware mining too
Mining or buying BTC depends on the your individual capacity, in states where the electricity cost is high, mining is not worth is as its very expensive, therefore buying will be better, if he power cost is cheap then you can try mining as it will get you good returns.
Its better and easier to buy than mine as it only takes proper market timing to get the best deals, buy when the market is red and people are making panic sales. then wait till the market recovers and sell if you wish, you will get more for the BTCs
Mining is an expensive affair as it requires an capital to buy mining equipment so I will avoid it and have my main focus on earning bitcoins from different ways like from signature/bounty campaign and after having certain bitcoin balance in my wallet will go for trading altcoins and start growing my bitcoins faster and if I have excess cash and if I see downfall in the price then will start buying bitcoins only if its affordable for me.
For me it is better to buy bitcoin instead of buying System Unit that mines it because mining takes a lot of time, then regulate the bitcoin that you`ve bought to have a short time big earnings.
mining as far as I know is not very profitable, that would pay back the equipment you have to spend 9 months,only then starts to make a profit, and it can already invest in bitcoin
It is easier to buy Bitcoin than mine it. In Bitcoin mining, if you purchase the hardware yourself, You will have to pay for high electricity cost to run the hardware as well as cooling units. There will be regular maintenance cost.
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