Topic: Is it better to mine or buy Bitcoin? - page 37. (Read 2849 times)
It depends if I can afford to buy bitcoin at her huge price in other words if I have a money to buy it. In mining you need powerful PC a high equipment and it consume high electricity. It's better to buy bitcoin than mining.
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.
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 you can invest a lot of money, then go to mining since it will be needing a good set of computer system to mine large amount than the usual mining rate. In return, you will surely receive a lot of money through it even though you have alloted money in the electricity, equipments and others. But if you want it instant then go buy bitcoin and wait for a price hike where you can get profit, it is dangerous note that.
I agree to that, if you really want to spend a huge amount of money then it is better to build a mining since you can earn passive income and it will also grow as the time goes by while investing will not give you daily profit since you only need to hold it for a very long time and wait for its price to grow.
At the moment I recommend investing in bitcoin, because the current bitcoin price is still not high but I think in late 2018 the bitcoin price will rise, and to do now you just buy in and then keep it until you make a profit.
I think buying bitcoin is the best option since the difficulty level of bitcoin mining is high you need more powerful system to mine bitcoin but you can buy bitcoin with that amount or you can do altcoin mining and then convert the altcoins into bitcoin.
Bitcoin mining is a serious business now and we should leave it for those who treat it in that way. I am not discouraging anyone from getting into mining business but I am just trying to drive the attention towards seriousness required for mining activity. Comparatively low efforts are required in buying and holding Bitcoin. As far as Bitcoin is gaining value, investing directly or indirectly is profitable in both ways.
i suggest you to buy bitcoins. if you want to mining bitcoin, you will need funds to buy the mining tools, its quite expensive.
it is better to spend your funds on buying bitcoin, and then keep holding it until you get profit.
it is better to spend your funds on buying bitcoin, and then keep holding it until you get profit.
The both are better way of earning bitcoin,all depend on what you can afford,but achieving the main goal is what matters most here which is the profit,Bitcoin is worth investing so it dose not matter how you decide to invest just choose according to your capacity of investing.
Nope, mining is already wasting your money unless you can get cheap electricity or even get free one and nowadays with the halving time you will get small number of payout here with the block that you solve
And if you invest on gambling site may be it is good enough because of "house always winning" or may be "gambling site is a business". I believe these words really affect your investment
Those GPU consume my cash out of my pocket recently, the cost of mining rigs these days is so high you could definelty like to pick a cloud mining as opposed to build one. I have a companion that have been burned his gpu for misconfigurations, thus ended up broke and crying. Anyway, in the event that you have enough cash, go put resources into mining or purchase your own apparatus. In any case, in the event that you have quite recently some additional trade to contribute out, you could simply choose purchasing bitcoins, it is an ideal time today because of lower cost.
I suggest you to buy bitcoin than to mine because electicity and the equipment for mining is expensive and require you to have a big capital
If you just have some funds to start mining, it's much better than buying. But if you want to buy bitcoins and start in trading or investing it to some ICO, is also better. But for my own opinion, much better if you go into mining and hold your bitcoins for long time.
Buying is clearly better than mining Bitcoin nowadays. Mining requires a big budget since the equipments are very expensive, and it is consuming electricity too. Buying is more profitable and less risky, because the price is going up in general, just you need to hold your btc until the price increase again.
The both are better way of earning bitcoin,all depend on what you can afford,but achieving the main goal is what matters most here which is the profit,Bitcoin is worth investing so it dose not matter how you decide to invest just choose according to your capacity of investing.
I think Bitcoin makes a lot more sense considering the cost of production.Getting the price of Bitcoin so low these days sounds more appealing to me.
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.
Yes, I also agree with your answer.
The decision about investment in mining must be taken according to your bank balance,investing in mining requires patience as you wont be getting the profit in a short time as it will take a long period and mining is not an easy job as you need dedicated machines to mine and you need to spend time in maintaining the machine and the expense,i think investing in it is the best part.
I think at the moment when Bitcoin mining difficulty is rising so quickly, price of Bitcoin miners is increasing as well, use your money to buy Bitcoin directly is better way. The price of Bitcoin at the moment is only more than 8k$ so I think it's good time to invest in Bitcoin. When you wanna mine Bitcoin, you need to have thousands dollar to invest. Beside you need to pay too much fee when you join mining Bitcoin like electric fee, maintainance fee,....and it's a long term earning way but buying Bitcoin is a faster way to earn. You can earn hundreds or thousands dollar a day by trading with Bitcoin if you're a good trader 
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) 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 you can invest a lot of money, then go to mining since it will be needing a good set of computer system to mine large amount than the usual mining rate. In return, you will surely receive a lot of money through it even though you have alloted money in the electricity, equipments and others. But if you want it instant then go buy bitcoin and wait for a price hike where you can get profit, it is dangerous note that.
Its better to mine or earn if u r thinking of small investment. I meant investing
Lower than 1 btc to do the trade.
So if u can earn by doing micro jobs ..or if yoh got bug set ups to mine then go for it.
Unless u r thinking of investing big chunk in btc world.
Lower than 1 btc to do the trade.
So if u can earn by doing micro jobs ..or if yoh got bug set ups to mine then go for it.
Unless u r thinking of investing big chunk in btc world.
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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