Topic: Is it better to mine or buy Bitcoin? - page 9. (Read 2870 times)
If not a lot of capital investment, mining is not easy to make money. It is necessary to know that the mining of miners now requires specialized miners, which are very expensive and need to have low power, which can only be superior to large mines. For some people who enter the world of encryption, of course, they are buying bitcoins directly, and they can buy bitcoins when they are going down sharply.
between investment and mining has its own advantages and disadvantages, but I think if you are afraid of risk then you can use mining method to get bitcoin, because if you mine you no longer need to think about the issue of bitcoin price fluctuate, because whatever bitcoin price you will definitely get it if by way of mined.
In the early stages of bitcoin it was easy for mining but after every four years due to halving the level of difficulty of mining increases which means high power generated equipment's are required for mining and with decreased number of bitcoins, for every halving the distribution of bitcoins also decreases making it difficult to mine bitcoins, the value of bitcoins has come down to around $ 6800 USD which is right time to buy as there is possibility for the price of bitcoins to increase with a huge rally in the crypto market.
It is difficult to say how the situation will develop further. While a more profitable way to earn is buying a coin. This is due to the fact that it gave a serious drawdown, and most of the forecasts indicate that the fall trend is reversing and in the near future bitcoin will again begin its rapid growth.
mining is for those who have big funds to spend while investing directly in Bitcoin requires just a bit of money to start and gradually add to your holdings when you can afford some more.
Everyone does not have the budget required to buy mining equipment. There are also a number of monthly expense involved like electricity bills and thus investing is better in my opinion.
Of course, buy bitcoin. You can transact easily through bitcoin and you dont need more manpower
if you do have an adequate tool you better do mining on a large scale, this will be more profitable compared to buying bitcoin because the price is very volatile so that your profit will be uncertain.
if my plan after I see from the many colleagues of my partner to participate mine gan. and the results are pretty big too. but I am trying to learn and accumulate capital to participate in mining bitcoin or altcoin. because the capital is also quite large also gan .
According to me it's better to buy bitcoin because nowadays bitcoin prices are down so, you should buy bitcoin than hold it while prices increase just sell it & earn huge benefit.
Buying Bitcoin is better than mining as mining of Bitcoin is expensive and needs electricity which costs a lot. Investment by buying Bitcoins is a simple and easy way to get profit but attention and knowledge is needed for an investor to cover and fulfill all the happenings in the market. You can be rich within a year. Now Bitcoin billionaires are buying Lamborghinis which is an example of its outcome. 
It is better to buy bitcoin it is more profitable
Yes i think its better to buy bitcoin than to mine because its not worth it if you mine but the electricity are so expensive. You need a big capital if you are go on mining ang your tools need to be an expensive. So investing are more profitable than mining.
I think if you have more capital so you will get easier by getting bitcoin, you have to invest your money, so you will get more bitcoin, if you with mambang but for me it produce longer, if invest faster produce bitcoin
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 is fr people who can think on large scale and have the capital to start this. For small investors and middle class people, investing is the way to go for.
It is better to buy bitcoin it is more profitable
Actually, it is better to buy bitcoin than to mine it because in mining you need to have a big capital so that you can start mining bitcoin. In addition to that, we all know that buying bitcoin is a good idea and as of now you can buy a lot of bitcoin because the price is very low and affordable. However, if you have a bunch of money you can do mining.
Minnig is quite tasking, and the issue of electricity is core, I rather buy,as I cannot afford the hardware involve in minnig, At least both give room for accessing BTC, choose that which is convenient.
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.
buy bitcoin when it is cheap, i think it is impossible to benefit if you are a small miner, need big capital to build bitcoin mining if want to profit, go to mining altcoin which has good potential for future i think it is more profitable
If you have the following advantages then it may be feasible to go into bitcoin mining.
Free or near-free electricity
Cool climate
Millions $USD in capital
Technical expertise
First access to the latest ASICs
If not, you are almost certainly better off just buying and holding BTC. If you are interested in mining cryptocurrencies, I would suggest you buy a GPU rig and mine altcoins. Most of them can be mined using GPU and you can mine whichever coin is the most profitable at the moment. Hay this is just my opinion
But I think we don't need USD in millions,ASIC miner is that much costly? Free or near-free electricity
Cool climate
Millions $USD in capital
Technical expertise
First access to the latest ASICs
If not, you are almost certainly better off just buying and holding BTC. If you are interested in mining cryptocurrencies, I would suggest you buy a GPU rig and mine altcoins. Most of them can be mined using GPU and you can mine whichever coin is the most profitable at the moment. Hay this is just my opinion
But electricity cost and the climate control will help us to earn more little bit but no where in the world have free electricity.
If you have the following advantages then it may be feasible to go into bitcoin mining.
Free or near-free electricity
Cool climate
Millions $USD in capital
Technical expertise
First access to the latest ASICs
If not, you are almost certainly better off just buying and holding BTC. If you are interested in mining cryptocurrencies, I would suggest you buy a GPU rig and mine altcoins. Most of them can be mined using GPU and you can mine whichever coin is the most profitable at the moment. Hay this is just my opinion
Free or near-free electricity
Cool climate
Millions $USD in capital
Technical expertise
First access to the latest ASICs
If not, you are almost certainly better off just buying and holding BTC. If you are interested in mining cryptocurrencies, I would suggest you buy a GPU rig and mine altcoins. Most of them can be mined using GPU and you can mine whichever coin is the most profitable at the moment. Hay this is just my opinion
Both have its own advantages and disadvantages. The mining is expensive.You need a special equipment. For me, it's better to buy and trade, although it's a little risky.
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