Topic: Is it better to mine or buy Bitcoin? - page 29. (Read 2870 times)
Mining is good for people who are patient and also have good budget for set up. For people with limited money trading is the way to go.
Instead of spending money to buy expensive mining equipment, you should buy bitcoin with this money. Mining also consumes a lot of electricity.
Its preferable to purchase bitcoin rather over mining.Lets have look at purchasing aspect.When you purchase BTC,you can contribute little add up to purchase BTC,you consistently screen its value(peak and troughs) and when you see its beneficial you offer your BTC. For mining you require high investment,you pay hash rate for your coin, superb PCs and system,also it will bring about high power cost,good place to introduce your systems,high watch over your equipment.Earning rate is higher in speculation contrasted with mining.When you purchase at low rate ans offer at higher rate you twofold your profit,whereas in mining you get every day some amount,but that can not be contrasted and the benefit earned through investment.In my conclusion venture is superior to mining.
mining bitcoin used to be quite profitable because bitcoin is easily mined way back when bitcoin is just starting but right now it will now depends on your location. why? because some places, electric bill(most costly in the long run) is still cheap
so if i were you calculate the investment for mining, if it's feasible then do so
if not then maybe buy bitcoin instead, but why are you buying bitcoin? just for an investment or trading or gambling?
for me just buying bitcoin and doing nothing is pretty boring but less risky so you choose
so if i were you calculate the investment for mining, if it's feasible then do so
if not then maybe buy bitcoin instead, but why are you buying bitcoin? just for an investment or trading or gambling?
for me just buying bitcoin and doing nothing is pretty boring but less risky so you choose
For me it is better to buy Bitcoins rather than mining it with mining you must deal with the expenses of electricity bill and buying a high performing GPU.
The reason you are picking buying than mining is that you do not know the good hardware to buy. GPU bitcoin mining is long dead now, it is not a suggested way to mine since you will really not earn a good amount. For me, mining is still great than buying if you have the budget to buy a good ASIC. At first it may not be worth it, but as the time goes by, it is worth it you just need to be patient.
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 now I would advise you to buy bitcoin instead of being a miner because now miner is very difficult to get instant profits because you need to pay for electricity and pay for machine repair, so it's better to buy bitcoin and do trading that might be better.
Tired of mining really and already sold my ant miner s9 in local market. It was so frustrating to see how the electricity bills are growing day by day for me because bitcoin value dropping right after I started the mining operation. Also it was observed that whenever there was spike in the rates of bitcoin then the difficulty is also growing along with it. I am not liking the idea of mining at all. I mean with the electricity bills that I am paying monthly I can just by equivalent bitcoin (satoshi) and have more profits than the miner operation. So I say that it is no go for the bitcoin mining.
i think easy to buy bitcoin because you can trade it to other market to grow your money but its the same you only need to mine but you have more time to spend to have bitcoin or currency.
If you just want to play safe but need a great amount of money, you can use mining. The only downside of mining, the profit that you will gain is smaller than buying. If you want to earn a great amount of money, you can try to buy Bitcoin. The only downside of buying Bitcoin is the volatility of its price. It is kind of risky investing in a thing that has a volatile price. It depends on your money that you have right now if you can afford a mining rig or afford buying Bitcoin. I would prefer mining because of its low risk.
I think it's better to buy bitcoin rather than mine, but it depends on the person, too, if the mine is better just try it.
Neither. The best way to get bitcoins is to earn them.
But if you have to choose between buying and mining choose buying because mining isn't profitable anymore. At least not for an individual except you have some mining farm and cloud mining services are not trustworthy. Too much money, energy and efforts lost for a minimum result. Put your funds together and buy some bitcoins it's better idea. Of course if you don't have any other option to earn the coins.
But if you have to choose between buying and mining choose buying because mining isn't profitable anymore. At least not for an individual except you have some mining farm and cloud mining services are not trustworthy. Too much money, energy and efforts lost for a minimum result. Put your funds together and buy some bitcoins it's better idea. Of course if you don't have any other option to earn the coins.
In my opinion, much better to buy some bitcoin if we don't have yet a capital to buy super computer and others equipment that's need to be done to start bitcoin mining.
In reality it is still better to buy bitcoin rather than mining it, but buying bitcoin usually needs a large amount of money to really invest in bitcoin, because investing a small amount will not result better results. if you don't have the money to buy bitcoins then the most possible way for you to acquire bitcoins is through mining, well it takes a lot of time of effort just to earn some ample amount of bitcoin, but i still think that mining is worth it because you are able to see your efforts come into fruition.
As at now, it is easier to just buy bitcoin and hold because the processes and capital required to start and purchase the hardware for mining bitcoin has gone up in the last few years making it harder.
I think is if you have enough time and money to invest in bitcoin then go for mining otherwise buying bitcoin is more easy.
I think that with such jumps, the crypto currency will buy bitcoin and simply wait for growth more safely than mined.
earn more if you buy
For me it is better to buy Bitcoins rather than mining it with mining you must deal with the expenses of electricity bill and buying a high performing GPU.
If the amount of money that allows you to buy equipment in order to extract bitcoin, then I would in your place have done so than buying bitcoin.
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.
mining bitcoin is still profitable these days. it is true that mining is cost a lot,
but in the future, you will have a stable income from it.
not mention that if the bitcoin price increased in the future.
Yes mining is one of the best idea to make more profits than other ways to earn bitcoin because once you start mining it gives you a stable and standard income so if you had intrest in mining definitely you can do it .
However, do not forget how many resources mining eats. First of all the miner, who is planning to get a good income, should buy good equipment, better the mini mining farm even, and this stuff is very expensive. then this equipment starts to use electricity.
Jump to: