Topic: Is it better to mine or buy Bitcoin? - page 41. (Read 2849 times)
It is good to mine but I woukd rather prefer to invest my money on bitcoin.. The higher the risk taken the higher the profit and gain
I don't think that miners are making much of a profit especially nowadays that Bitcoin price has dipped so low and the batching of transactions done by payment platforms. Investing is still good, but might as well wait for the result of the upcoming events since there are attempts to regulate Bitcoin in a global scale.
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.
It is up to your budget. If you are rich enough to buy bitcoin in large scale you can also mine it. I don't have enough for paying electricity bills. So I have to choose buying bitcoin. In the future I will also mine it with help of some friends.
I think bitcoin mining is better than buying bitcoin; there are lot of reasons to say like that. If we want to become a minor we can start by installing required software in an own super computer or using mining website. Usually, we don’t want more money to start bitcoin mining at the very beginning, we can earn bitcoin easily as transaction fee in bitcoin mining but we want more money to buy bitcoin and also we should always pay transaction fees when we buy bitcoin.
If u have knowledge about buying/trading I believe that give you more profit. Now bitcoin Price it's super slow. This is the right time to buy it. And mining its long tram investment, if u start today mining, at list 6 months need to recover your investment. so buying bitcoin its best idea.
it depends on your resources and capabilites .mining btc nowadays is very expensive but if you have the means to build a minning rig ,it will go help in the long term.
either than this ;then buying is prefered especially during dip moments like what we are experiencing now
either than this ;then buying is prefered especially during dip moments like what we are experiencing now
I rather buy bitcoins than mine them. Mining requires a lot of expensive hardware and constant use of electricity. Also, mining bitcoin is more difficult now that's why in terms of short term profit, its better to buy bitcoins.
Mining bitcoin needs a big capital, investment and know how. The days are gone when you can mine bitcoin with cpu of your home computer. If you want you can still mine altcoins such as ethereum, zcash or other ones but mining bitcoin is something else. You should buy and hold, and these prices are very good prices to enter the market because I am expecting a huge increase after this deep correction
In the current conditions, individual mining is a dirty business. The technical complexity of decoding the code increases every year, and a successful result can only be obtained with the help of large combined capacities. Either you have to spend a fortune to buy special expensive equipment in large quantities, creating a so-called "farm".
I see a lot of posts about how to get bitcoin is not profitable, but I know that for example the model from Bitmine Antminer s9 costs $ 1500 on the manufacturer's website with delivery. To date, even taking into account the drop in the bitcoin price, it brings 0.0015 BTC (~ $ 14) every 24 hours, this
0.045 BTC ($ 405) per month. It means that specialized equipment for mining will return the money invested in it in 3 months! And this is provided if the price of bitcoin does not grow, which is unlikely. This equipment can bring you a profit in the form of a bitcoin after it returns to you the money invested in it.
0.045 BTC ($ 405) per month. It means that specialized equipment for mining will return the money invested in it in 3 months! And this is provided if the price of bitcoin does not grow, which is unlikely. This equipment can bring you a profit in the form of a bitcoin after it returns to you the money invested in it.
if there was an opportunity I would use both options, but in my case there is only a purchase, because the asics in our country is very expensive.
for me newbie it's better to buy bitcoin so I can not get started. and when I know everything is all right, I'm going to take it easy.
I prefer to buy bitcoin instead of mined it.
because I do not have enough money to buy a miner tool,
maybe it's time to buy bitcoin today look at the current price is a little cheaper.
because I do not have enough money to buy a miner tool,
maybe it's time to buy bitcoin today look at the current price is a little cheaper.
As per the current condition of bitcoin it's good to mine bitcoin that you already have. I don't think it will be awful if you buy more bitcoin now. Still the future of bitcoin is a question mark in front of bitcoiners.
From today's point of view, it is better to buy bitcoins than to give money to ASIC hardware. The difficulty in mining bitcoin is too high and you also have to pay for electricity. The return of such an asic device in the current bitcoin price changes is for a long time, if at all.
Personally, I prefer to buy bitcoin for the money I would use for mining.
Personally, I prefer to buy bitcoin for the money I would use for mining.
Mining BTC is not so much profitable nowadays, better to mine altcoins and buy Bitcoins
Mining is not much profitable on small scale. If you have huge amount to invest then go for mining. Otherwise consider investing in btc.
I think mining is more risky nowadays considering Bitcoin faces an unknown future with all the current attempts to control or regulate it. I'd say holding Bitcoin is safer than but still extremely risky for now.
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.
It depends on the situation if you can afford the hardware for mining its better because you are earning without doing just your hardware was working and earning for you but the risky here was the maintenance if your device or your hardware. Buying bitcoin just like investment or trading was also better but also risky because of not stable value of bitcoin.
Mining is not much profitable on small scale. If you have huge amount to invest then go for mining. Otherwise consider investing in btc.
Hello! It's about buying or extracting bitcoins, for example, I'm considering the idea of ICO, this is a true long-term project, but if you approach the matter thoroughly, you can choose an excellent project that will give out at least 300% of the profit when you leave the tokens on the exchange. And here is one of them https://izx.io/
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