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 36. (Read 2870 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.
If I have enough money to buy bitcoin, I would love to spend it in buying bitcoin mining equipment. I know for my self that for sure I will earn in daily basis. Just manage carefully your computer to ensure, or to avoid software malfunction and hardware defect.
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 just have to learn more and decide for yourself. here in our Country, there are a lot of Miners who have been successful and they still upgrading their Mining Rig. that means, with a proper knowledge about Mining, it can be profitable too. just read some articles and ask questions from Miners how they were able to pull it out.
He could mine Bitcoin and purchase Bitcoin.If he does a study on that then he would answer his own question.
i perfer buying bitcoin and holding bitcoin for long time rather than mining bitcoin mining bitcoin need lot of resources
if for me personally, I choose to buy bitcoin and hold it and then sell it when bitcoin goes up with the value I expect. but if I have the capital to mine, I also want to mine as well as buy it because mining requires large enough capital to buy mining tools and also the cost of electricity.
Along with good enough capital one must also have good knowledge and time to give for mining. It also require a lot of management, therefore it is now so easy to mine bitcoin, on other side bitcoin price is also increasing from time to time and now it is also becoming difficult for small investors to buy a good amount of bitcoin, But i think that if a person can manage to buy bitcoin, it will be really a good decision.
I think that buying bitcoins would be better than mining as you do have to invest money in buying mining equipments and in the end it won't be worth you time and money and I heard that it consumes alots of power.Buying and trading would be fast and more profitable than mining.
if for me personally, I choose to buy bitcoin and hold it and then sell it when bitcoin goes up with the value I expect. but if I have the capital to mine, I also want to mine as well as buy it because mining requires large enough capital to buy mining tools and also the cost of electricity.
I think buying bitcoin is more effective, because, if you do mining, you need to spend huge amounts of money on mining equipment as well as the very expensive electricity bill you have to pay.
I think that it mostly depends on your experience and funds that you would like to invest. Mining is an interesting thing but it is power hungry and time consuming. It also requires a lot of money because you can't mine Bitcoin with your computer anymore. Special hardware called ASIC miners are needed, they are quite expensive because there is only one major manufacturer of such machines. Buying BTC is much safer and better when you have small amount of money. I would go for it even if you had enough to buy one or two ASIC miners.
Instead of choosing between the two, why dont you do the two simultaneously if you have the financial power? Its obvious that mining involves a lot of money because you need advanced equipment to do it, and it also consumes a lot of electricity as you rightly mentioned. But taking a critical look at it will inform you that, it wouldnt take a long time before you start covering your expenses and start making profit after that,if only you are committed to the work. So me for, mine and trade at the same time if you have the might.
I think it's better to trade in the currency market. It's much easier to buy bitcoin and sell it in time to make a profit. Also this method allows you to start to work out with a small capital.
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 agree though , i think even me i will choose to just buy bitcoin than to mine not saying that its bad or just wasting your time , this two ways are profitable but the best i think is to buy bitcoin either you sell it at the highest or invest it. Through mining bitcoin well agreed to your statement that its truly a lot of expenses but its totally worth it.
You just have to learn more and decide for yourself. here in our Country, there are a lot of Miners who have been successful and they still upgrading their Mining Rig. that means, with a proper knowledge about Mining, it can be profitable too. just read some articles and ask questions from Miners how they were able to pull it out.
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.
Since I don't have a lot of money so that I always prefer to buy Bitcoin for trading or saving for earning money. Not only that Mining is not so easy for me because I have a little bit knowledge about this mining. that's why buying Bitcoin is more comfortable than mining.
It's true that mining is more profitable than buying Bitcoin if you want to earn money from this platform. But mining requires a lot of risk than buying Bitcoin. So i always choose a safe side regarding making money.
It's true that mining is more profitable than buying Bitcoin if you want to earn money from this platform. But mining requires a lot of risk than buying Bitcoin. So i always choose a safe side regarding making money.
Even if you had knowledge about mining it wouldn't be advisable without a lot of money to start the business and depending where you live it wouldn't be advisable as well. In the earlier days mining was a homemade activity, a hobby for some people discovering the new technology, but since some years ago it has became a serious business only being worthful if done in a professional way, in large scale.
Mining bitcoin might take time and will cost you money for the use of electricity and the requirements you need before you can mine and earn satoshi's. Buying bitcoin has also money involved but this will have a deduction because you need to pay for a small amount of transaction fee. When you mine, the satoshi will just come without money going out of your pocket.
Both are better if you have the might to do them together.For mining,its true it involves the purchase of expensive equipment and the consumption of electricity,but as time goes on,those expenses will gradually be covered and you start earning profit.
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 of course it is better to buy bitcoin now than mining especially if you don't have lots of money for buying mining rig. In mining there are so many things to consider before you make a good profit, a big place for your mining, electricity cost in your place are one of those problems.
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.
All right, it's up to you.
At the moment, it looks better to buy BTC.
Mining is relatively slow
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