it is a question of your pocket,approach and desires. The entrance ticket to the mining sphere is quite high and requires certain conditions, but the purchase of bitcoin does not burden you.
Topic: Is it better to mine or buy Bitcoin? - page 5. (Read 2849 times)
Both are better off by having the capital to invest to buy / hold some bitcoin or buy some equipment to mine bitcoin. Currently, if you are mining the bitcoin it will not be as profitable as before because of the difficulty of getting bigger
Bitcoin mining, for now, requires high investments in amount of several thousand dollars, good technical skills, and also it is very unpredictable. Recently, the fees for transfer reduced, and Bitcoin rate also slumped seriously, and mining profitability essentially dropped. So, for most people Bitcoin purchase is the best variant.
Of course, getting better is better, firstly, you do not invest your savings - it means nothing to lose. And earnings without investments for me are considered ideal
Buying bitcoins is less of a hastle and you don't need as much as money as for mining, but it is more risky than mining. You might lose money when the price drops, while when mining you will be sure to get your money back. I would rather mine, but if I don't have enough money for that, I would buy.
Right now both ways need some good intention as we have many problems in mining mostly facing big lost in electricity and high prices of equipment's on other hand in trading mostly need too much money to invest for good profit so I can say both ways are not easy to follow but still if you want to be in then you can start trading with low amount as its still have some good encouragement for many despite mining which is not easy for too many peoples around here
I think they are both the same. In mining your will need much money to buy high tech and advanced equipments plus electricity which is so expensive. In buying bitcoin you will need also big money unless you want only a small fraction of it and the profit will not be that big during this season.
Mining bitcoins nowadays is very difficult you know? Always better to buy something insteed of making big work to start mining bitcoin without any garantees of 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.
bitcoin mining is very expensive and it consumes a lot of electricity monthly. so you should buy bitcoin right now from the dip.
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 bitcoins and trading in the market is not the same and should not be compared because they are both different way's of earning cryptocurrency. The best thing to do is focus on one and choose what you prefer on earning in order to get more profit.
Mining might be a bit too expresive, if you don’t have the equipment already.
And if you buy it MAYBE you would cover your investment in a few years, if you're lucky that is.
And if you buy it MAYBE you would cover your investment in a few years, if you're lucky that is.
yes 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 and buy bitcoin can give you huge profit in one time and mining can give you earning within monthly and you can pay electricity bill but my suggestion is that about electricity you can make electricity from solar system so that's why your electricity will never lose, so mining is not costly its very beneficial, and that's why you will get monthly income and your investment will give you secure future
That is right that we should just buy bitcoin rather than mining because if we will mine bitcoin then it will require a lot of money and you need to wait for a very long time in order to get a lot of bitcoins in your wallet while if you just buy at the low price then you will be getting more bitcoin rather than the possible amount of bitcoin that you can mine.
many of the seniors who have tried their mining produce a sizeable result though on a small scale and with considerable monthly electrical expenditure, mining is still better than just buying Bitcoin and hold.
if you have capital you can buy equipment to mine some bitcoin. it will give a stable income per day. but bitcoin mining involves huge cost such as electricity, maintenance cost and life period of the equipment. I suggest If you have enough time and money better to buy bitcoin
I do not agree with this statement, the fact is that regardless of the amount of initial investment, buy BTC immediately will in any case be more profitable than buying equipment for the same money. The whole point is that the complexity of production is constantly growing and if you buy miners for example at $ 5000, then on them you will not ever earn the amount of BTC that you could buy immediately.
Yes I agree that Bitcoin coin is much more profitable if it's deal in a large scale. Yes, mining costs in terms of electricity. But you are wrong about the investment. If you think investing BTC with the money one need to invest for mining is better then you need to understand about the asset and investment. If you are buying some Bitcoins with that money then you just own that money. You earn or loss with the change of the price of Bitcoins. But if you invest for mining then you own the mining tools for a long time. It will continue to help you earn Bitcoins.
Mining is not too much profitable now a days as difficulty increase daily. so buying coin is good option than mining bitcoin
I have long started to buy crypto currency, but recently they hacked me and stole my tokens for a total of $ 2.300, offensively very much (
Mining is not too much profitable now a days as difficulty increase daily. so buying coin is good option than mining bitcoin
Mining bitcoin is also good .but it is better to invest than mining. By investing there will be no stress or any expectations of reward from mining BTC.
For me, its better to buy, its really hard to mine bitcoin, and it takes lots of time, its a long time process, then if you buy, you need to think twice when is the best time to buy and to sell.
Jump to: