Topic: mine a Bitcoin or buy a bitcoin？ - page 5. (Read 1686 times)

Buying and mining bitcoin is all about base on the capital which the person has to start the investment. You know mining bitcoin needs more capital to start because you have to buy the machine and after buying machine you still need energy to power the machine before mining, buying bitcoin is much more easier to the bitcoiner. One can use any amount of money to buy bitcoin and stored it in the wallet to grow.

Buying is effortless and better.

If you don't intend to be a miner then you don't have to mine and make an effort of building everything. Just buy and hold it on however long you want it to hold.

The goal is to have at least 1 BTC before another unexpected huge bull run comes.

When we consider the cost of the mining like hardware and electricity and also the risk factor it is better to just buy 1 coin if you are Bullish like I am and suspect the 'Bear market' will be over in less then 2 years.

I'll go buying Bitcoin rather than spending time doing cloud mining or even spending a lot of money acquiring mining equipment.
Besides, if we talk about earning a profit and having a safe play, buying and holding Bitcoin is gonna be preferred. And maybe because I don't like mining and I have no knowledge about it as well.
But if we talk about cloud mining, no - it doesn't work.

In general, there are two ways to acquire bitcoins: buying them with real money or "mining" them. The process of mining is the process of acquiring bitcoin, and therefore mining is mining for coins.

So let's start with buying coins. Many people think that buying currency is like buying stocks. The threshold is low and anyone can buy it directly. In addition, they believe that the cost of buying coins is low, so they only need to pay the money to buy coins. But buying currency such as investing in stocks, the income is also big risk, you buy currency in the hand, the price of the currency rises you earn, the price of the currency falls you compensate. And the early need to do a lot of homework, which is similar to buying stocks, which requires you to understand the background of the investors all kinds of information, need to in-depth understanding of all kinds of basic information, according to their own cognition to make choices.

In fact, you can invest Bitcoin quantitatively every day. You only need to invest once to obtain long-term returns. As long as your machine is up and running, it generates a certain amount of bitcoins every day, and the benefits are endless. Acquiring bitcoins this way does not require you to watch the price every day, wait for the price to rise later, and directly trade in cash. Relatively speaking, cloud mining is the lowest cost.

Although the return of buying currency is high, the risk and return coexist, so investors also need to bear the risk of the currency price falling. And mining money is drought and flood guarantee. As an investor, we should take a long-term view of mining machine production.

The mining suggested by OP is cloudmining which can be purchased cheaper than the usual mining rig since it can be "bought" per x hashes.  But the thing is cloud mining has been proven unprofitable and most of the service offering cloudmining either closes or turned into a scam.  Even the well know CEX.IO which is once one of the largest cloudmining company changes its service because they are getting bankrupt. 
Between mining and buying Bitcoin, I always think buying Bitcoin is the better approach for a non-technical person.

It wasn't confusing anyway which one to choose. Just think about yourself and what you can really afford OP.
Think about that mining needs more capital to start a business like this, unlike just go buying Bitcoin because even with small amounts you can have it already. Well, even though you can really afford to put up mining machines due to mining competition, It is really preferred to just invest and hold, it was no hassles on our ends and we can still make another business. 

It wasn't confusing anyway which one to choose. Just think about yourself and what you can really afford OP.
Think about that mining needs more capital to start a business like this, unlike just go buying Bitcoin because even with small amounts you can have it already. Well, even though you can really afford to put up mining machines due to mining competition, It is really preferred to just invest and hold, it was no hassles on our ends and we can still make another business.  

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In general, there are two ways to acquire bitcoins: buying them with real money or "mining" them.

I don't get bitcoins from both of them, if you look at building bitcoin mining it's not cheap and even costs quite expensive, I also don't have money to buy bitcoins, I just look for free bitcoins from this forum or free sites looking for bitcoins out there, I used to be used to it. getting bitcoins from the faucet is now no longer because the bitcoins I have are enough for me to save as a long-term investment

I don't get bitcoins from both of them, if you look at building bitcoin mining it's not cheap and even costs quite expensive, I also don't have money to buy bitcoins, I just look for free bitcoins from this forum or free sites looking for bitcoins out there, I used to be used to it. getting bitcoins from the faucet is now no longer because the bitcoins I have are enough for me to save as a long-term investment