Of course, everyone's opinion is different, some want bitcoin from mining, some want bitcoin by buying. and both also have risks, but I myself prefer to buy to get bitcoin.
People are not very confident in mining. It seems so unbelievable to me that I never believe in myself.But people now prefer to buy not for mining. There is a confidence and freedom in buying and investing.People don't invest by buying and mining bitcoins now.It is better to invest by buying bitcoins than you will definitely spend more for mining. 
Topic: mine a Bitcoin or buy a bitcoin？ - page 6. (Read 1638 times)
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 believe that buying bitcoin is a better option than mining it. You can buy bitcoin with an amount you can afford as there is no limit to how much you must put at risk. But when it comes to mining bitcoin, you will have to buy hardware with a certain configuration that comes with a high price tag. On the top of that, there is no guarantee if you will be able to mine bitcoin successfully or not. So, better go for a safer option which I think is trading.
Investment wise, i'll go buying. Mining will take years before you reach your ROI.
Those user who chose mining should have enough reasons not just simply, "to have profit in the long run", "help blockchain network", "learn technicals", etc. We're talking money and investments, simply a business.
There are lots of consideration to mine bitcoin. Location, hardwares (including installations and maintenance), electricity, man power, running a business regulation/requirements, lastly a huge sum of capital. Now if you have it all and have easy access to them, then that's a good choice to go mining.
Those user who chose mining should have enough reasons not just simply, "to have profit in the long run", "help blockchain network", "learn technicals", etc. We're talking money and investments, simply a business.
There are lots of consideration to mine bitcoin. Location, hardwares (including installations and maintenance), electricity, man power, running a business regulation/requirements, lastly a huge sum of capital. Now if you have it all and have easy access to them, then that's a good choice to go mining.
Once you've made that little calculation, you've already seen which one is more profitable to do. Instead of spending more money to buy equipment to mine bitcoin, it would be better if we used that money to add to our initial capital to buy bitcoin. We can also have the opportunity to make a profit after buying bitcoin because, who knows, the price can immediately jump high after we buy it. And although the price of bitcoin is still long to be able to increase, we don't have to pay any fees because we only need to store and hold it for a while.
In addition to the cost of buying equipment, you need to think about the fact that not everyone has the knowledge to mine bitcoin. For me, in this matter, the unequivocal answer would be to buy bitcoin. Because it's easier for me, I just buy some Satoshi every time I get a chance, I don't have to think about buying equipment or paying electricity bills, but I just buy bitcoin and keep it in a cold wallet.
I will still prefer to mine Bitcoin than to buy it, because on mining Bitcoin one gain a lot of technical knowledge and is able to solve complex mathematics using computers eve as fun as that sound, the difficulty level is high compare to buying.
Buying bitcoin is the easiest way to own Bitcoin since one does not need to have required knowledge on Bitcoin technicality to hold Bitcoin and considering how hard and difficult it has become to run a mining ring.
When you talk about the cost of both then I will say buying Bitcoin is less costly than mining Bitcoin, since in mining Bitcoin one need to get the latest equipment and devices to get a good operation and these tools cost money even the cost of shipping them to your location and restrictions make this venture a no go area for norbs.
Buying bitcoin is the easiest way to own Bitcoin since one does not need to have required knowledge on Bitcoin technicality to hold Bitcoin and considering how hard and difficult it has become to run a mining ring.
When you talk about the cost of both then I will say buying Bitcoin is less costly than mining Bitcoin, since in mining Bitcoin one need to get the latest equipment and devices to get a good operation and these tools cost money even the cost of shipping them to your location and restrictions make this venture a no go area for norbs.
Mining is more or less long term business. If you want to get good income from it then obviously it’s gonna need huge investment which would be stuck for very very long term. You will have to plan your finance accordingly. It’s definitely start generating money right from the day you fire up your mining rig however get ready for surplus charge like electricity bills, maintenance now and then, upgrading rigs with new cards or newer versions of ASICS etc. More or less you need to plan and execute your mining farm activities and make it work for you.
On the other hand buying bitcoin directly is risk free. The only risk is your time and value of the bitcoin which will change and accordingly you keep getting profits.
On the other hand buying bitcoin directly is risk free. The only risk is your time and value of the bitcoin which will change and accordingly you keep getting profits.
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Since I have no knowledge about bitcoin mining, I prefer to buy bitcoin because it seems easier. I'm not sure if I'm correct, but it seems to me that the basics of mining are very difficult to understand, especially for us less experienced traders. Of course, if given the opportunity to learn how mining operates, I would jump at the chance.
Nothing is difficult to learn if you have the interest in it. Mining is no different, but the real problem lies in acquiring the ASICs and running them on a place that you own and maintain. It is more of a full-time job and trust me, the hash-war is not something you want to end up getting burnt in, your entire investment in the form of buying the ASICs, the plot, equipment and manpower will be difficult to get a ROI from.And Cloud mining is a scam, without a doubt. Dont fall for those schemes.
On the contrary, buying bitcoin or earning it through different sources, is much less of a chore. You can hold it or sell it when you wish and get the fiat money to spend or spend the bitcoin directly if your country is compliant with it.
So for investment or future profit purpose, buying/earning bitcoin is what I recommend to every newbie.
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.
Mining - huge expenses, huge capital, high risk but possible a big profit
Buying Bitcoin - you can just spend a small amount, less risk, and still, earn a profit
Mine bitcoin or buy bitcoin, it is always important in this industry. Now, if you are the one who just wants to have bitcoin that you have nothing else to do, and you have a lot of money, it is suitable for you to just buy a mining rig or just mine bitcoin even if you don't trade in any exchange.
Now if you don't have the ability to buy mining rigs so that you can mine Bitcoin, it is suitable for you to buy bitcoin from any well-known crypto exchanges here in the world of crypto with the budget you have, you can buy bitcoin and you can trade either buy or sell.
Now if you don't have the ability to buy mining rigs so that you can mine Bitcoin, it is suitable for you to buy bitcoin from any well-known crypto exchanges here in the world of crypto with the budget you have, you can buy bitcoin and you can trade either buy or sell.
I think cost of mining is no longer sustainable for small miners. Yes mining farms can still make a cut but it is still very little to have any real big income these days...i truly had started to realise that Bitcoin itself need to evolve now.. Bitcoin need to help itself.. we need Satoshi to resurrect to set things in order again.
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.
You should also consider that it's not profitable to everyone to mine bitcoin. Mining rigs consumes a lot of electricity and there are countries where electricity prices are very high. It's not just invest and earn when you want to mine bitcoin, you should also have the proper knowledge in maintaining those rigs so they won't break easily.
Relatively speaking, cloud mining is the lowest cost.
If this is what you mean on mining those bitcoin then you're just pitting us to lose money because most of the cloud mining platforms are scam.
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.
Both mining and buying bitcoin have their own risk. You can also experienced drought when you're mining bitcoin like if your rigs got broken and need to spend a lot of money to fixed it or a calamity destroyed those rigs.
Since I have no knowledge about bitcoin mining, I prefer to buy bitcoin because it seems easier. I'm not sure if I'm correct, but it seems to me that the basics of mining are very difficult to understand, especially for us less experienced traders. Of course, if given the opportunity to learn how mining operates, I would jump at the chance.
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I have made little calculated about rig's cost most expensive and electricity paid every month with bigger budget then have checking prepare mining tool make us have to prepare much money but little return got from mining. I think not really mistake when have some people prefer choose mining than investing or buying bitcoin, but I think keep worth with investing or buying bitcoin than buy several mining tool and need waiting more than one year later return back capital and earn profit. I don't know all detail with mining period can earn profit but with buying bitcoin we can take profit in daily day than have to mine bitcoin.
At the current price, it would be best to buy a Bitcoin unless you already have mining hardware and software in place in order to avoid overhead costs, which can be thousands of dollars, At top bull run prices, mining may perhaps make more sense.
Yeah, at today's market it is good to go with buying. What you spend on mining could get you the best profit just by holding. With mining the advantage is a regular earning which varies according to the difficulty. As said, it'll get you good revenue when the market is completely bullish reaching ATH.
At the current price, it would be best to buy a Bitcoin unless you already have mining hardware and software in place in order to avoid overhead costs, which can be thousands of dollars, At top bull run prices, mining may perhaps make more sense.
I heard that the rig's cost is very expensive because the price of one VGA is also very expensive. After all, good stuff for mining bitcoin is expensive and hard to get. Meanwhile, buying hardware specifically for mining bitcoin is also expensive because that's the hardware we have to buy if we want a hefty reward. He also has to think about the cost of electricity as I said before and if in his country the cost of electricity is very high, it is not recommended to mine bitcoins.
Yes, you are right. Today's cloud mining has become a lot of fraud and under the pretext that it can provide huge profits, it's all a lie.
I have made little calculated about rig's cost most expensive and electricity paid every month with bigger budget then have checking prepare mining tool make us have to prepare much money but little return got from mining. I think not really mistake when have some people prefer choose mining than investing or buying bitcoin, but I think keep worth with investing or buying bitcoin than buy several mining tool and need waiting more than one year later return back capital and earn profit. I don't know all detail with mining period can earn profit but with buying bitcoin we can take profit in daily day than have to mine bitcoin. Yes, you are right. Today's cloud mining has become a lot of fraud and under the pretext that it can provide huge profits, it's all a lie.
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for now the most you can do is buy, watch the price drop and buy it, that's what most people do, not much can be done especially with cloud mining it's better to avoid it, buy and hold it for later sale at the highest price
The current bitcoin decline could be the best time to buy bitcoins instead of mining bitcoins because bitcoin mining is now difficult for people who don't have enough money to buy hardware and pay other fees. So it would be better if they don't mine bitcoin but just buy it so that it will reduce other costs that they can use for additional capital to buy bitcoin. But if they still want to try to mine bitcoins, that's up to them because we can only give them advice.
Mining is indeed better if and only if, you have the resources or money to be specific. Building a mining rig won't be easy for those who are not privileged, 'coz in some countries GPUs are expensive. Another thing is electricity, which is also expensive to some countries especially for third world countries which makes it not that advisable especially if you are just aiming to build a small farm, because more likely earning would be difficult. Last thing is knowledge ofcourse, mining isn't that easy, you also need to invest time into it. So definitely, buying would be more convenient to majority of individuals in this industry.
Before we determine mining Bitcoin or buying Bitcoin, we need to understand what is the main differences between them. Mining needs specific knowledge and some mining equipment, not everyone can have these things. While buying Bitcoin can be done by each individual since it is very simple. You only need to have an exchange account and deposit some money. Once you have some funds on the exchange account, you can buy Bitcoin at any time and instantly. That's why most people prefer to buy Bitcoin to mine Bitcoin nowadays.
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