Mining bitcoin requires substantial capital and requires a lot of electricity. Mining bitcoin requires expertise in commuting and the internet, not everyone can mine bitcoin. Minerals bitcoin is now very much. The equipment must be more sophisticated than and the miners should be more intelligent than other miners. The bitcoin stock is currently getting thinner, so the less bitcoin is obtained.
Whereas to buy bitcoin also requires substantial capital. Because to buy 1 bitcoin alone the price is very high. The risks and benefits are equally great, depending on our experience and patience. At a low price we just hold it, wait time until the price is high.
I recommend it's better to buy bitcoin only because not necessarily we have the expertise to mine and profit is now small.
Topic: Is it better to mine or buy Bitcoin? - page 7. (Read 2849 times)
I would buy Bitcoin. Mining is only really profitable in the beginning of a cryptocurrency. Then difficulty increases, and it’s better to buy directly instead of mining it. Bitcoin mining requires high speed computers and efficient hardwares. Mostly it can cost from few hundred to thousand dollars. It is much easier to buy Bitcoin than mine it.
Its better to mine if youre sure that you can generate profit from it.Considering the electricty,internet and maintenance cost of your mining rigs,nowadays the difficulty on mining bitcoins is so low that you cant even profit from it.So buying bitcoins and going to trading will really help you 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.
Both are efficient and practical depending on the capabilities of the individual and his resources like the mining tools. But to many of us, buying bitcoin is more convenient and improves our decision making in the trading. Yet someday, I want to learn how to mine bitcoin truly and use this knowledge for this business.
Great point. You forgot to mention that mining bitcoin is no mlre profitable that It used to be. With the influx of new miners coming into the mining industry and the occasional block halving event makes it even harder for the average miner to make a really good profit. Mining is best done at large scale. So Buyiis a more better option
Investing now in bitcoin mining hardware is the most unprofitalbe business you can make. It cost a lot when you want to mine profitable, so you need very good hardware in graphic cards or in ASIC miners. Both are very expensiv. And even then you need a cheap source of electricity. And even you have all those, at the actuall difficult it will be take years just to get beack your investment. So before you buy mining hardware for bitcoin, invest directly in bitcoin. If you want to mine something different, you can buy a miner, because other coins are more profitable.
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.
Both are efficient and practical depending on the capabilities of the individual and his resources like the mining tools. But to many of us, buying bitcoin is more convenient and improves our decision making in the trading. Yet someday, I want to learn how to mine bitcoin truly and use this knowledge for this business.
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 want to have bitcoin instantly , the best is to buy bitcoin , no matter how expensive it is, the price will still getting higher, as long as you have patience to wait , until you sell your bitcoin at the right price. Also if you are a hard working , you can join us here in mining , joining campaigns and promoting such projects through social media. If you can wait again until you will receive your rewards. If you have a lot of money, no need to do the hard work, you better buy and sell.
if you have a good platform to mine from......fine.
if you have the money to buy and sell when the price is high......go ahead.
if you can do both, then what are you waiting for....please go ahead.
the final decision rests on you. do that which is profitable to you
if you have the money to buy and sell when the price is high......go ahead.
if you can do both, then what are you waiting for....please go ahead.
the final decision rests on you. do that which is profitable to you
At this point in the game, it is too late to turn a profit from mining BTC.
You're much better off with holding.
You're much better off with holding.
I prefer only classic, long-term investments. Mining is a rather expensive enterprise, and not everyone can initially allocate such amount for the equipment. It is better to buy bitcoin right away.
I think due to the current down thrend of bitcoin, it is better to mine bitcoin than to store it especially if you have so many miners, you can mine solo and join in the creation of new bitcoin, holding bitcoin at this time might just lead to heart attack, that's for the weak one though because I will always keep holding my coin it goes to an all time high
it is obviously to buy bitcoin than mining. because mining bitcoin in the bear market won't do much profit.
first you need money to buy mining tools, and you get very small if you convert it to USD now.
first you need money to buy mining tools, and you get very small if you convert it to USD now.
It's better to buy. You can do buy and sell it to grow it. There are many countries where electricity is very expensive and my country is one of them and I also don't have enough money to buy those expensive mining rigs.
It is better to buy bitcoin, since the profitability of this cryptocurrency is much higher than any other investment.
It actually depends on some factors because when you are paying very low electricity tariffs, I think that mining is very profitable in that regards and it would be better to mine bitcoins rather than mining it.
Both are better according to you investment. If you have enough money you can choose one.
Before investing you money you can consider which will be more effective for you. If you choose Mine, you need some equipment even it has the some difficulty like the cost of electricity, and also installing some important software also use super computer using mining website. In this regard bitcoin is better than mine.
In a bitcoin you just invest on it and concern about the market price just hold it and when the perfect will come according to your investment and between net prices, sell them and fulfill your desire. One important think you must remember it’s a volatile market so there has no possibility of sustaining the price. .
Before investing you money you can consider which will be more effective for you. If you choose Mine, you need some equipment even it has the some difficulty like the cost of electricity, and also installing some important software also use super computer using mining website. In this regard bitcoin is better than mine.
In a bitcoin you just invest on it and concern about the market price just hold it and when the perfect will come according to your investment and between net prices, sell them and fulfill your desire. One important think you must remember it’s a volatile market so there has no possibility of sustaining the price. .
It is better to buy bitcoin, since the profitability of this cryptocurrency is much higher than any other investment.
I think it's better to buy bitcoin than mining because the start up preparation for mining can even buy one btc. Although mining can guarantee you profits, the amount of money needed to pay bills will take half your profits making it unsuitable for someone who wants profit at a time. In other words, it consumes a lot of electricity.
I would only mine if you had very cheap or free electricity. Else just buy it hassle free.
if I prefer to mine gan. but I . still do not have the capital to buy the tool.therefore I continue to accumulate capital so I immediately join join mined bitcoin.
To my knowledge mining is more expensive and lot of risk is there so buying bitcoin is better then mining. But if you have a big financial background and support you can try for mining also you need more patience also to get success in mining.
For me both mining and buying bitcoin can really give us money, but i think buying bitcoin is more better because it is more easy and also profitable, and buying a bitcoin when the price id very low is the best thing that all people should do. Jump to: