What is also to be considered is that if many people decide to mine bitcoin even if there is no profit above just to buy a bitcoin, mining will be less and less profitable for all the miners in general. This will actually weaken the bitcoin mining community what could be a bad thing.
I will rather choose mining even though it may be getting harder and harder in the future but if you have the right equipment you can earn money compared to buying when the price is unstable. But in the end, it's up to us to choose what's best for us so choose what you think best suited for you. Both have their own pros and cons, personal preference will matter as long as you gain profit from your strategy. 
Topic: mine a Bitcoin or buy a bitcoin？ - page 7. (Read 1686 times)
What is also to be considered is that if many people decide to mine bitcoin even if there is no profit above just to buy a bitcoin, mining will be less and less profitable for all the miners in general. This will actually weaken the bitcoin mining community what could be a bad thing.
Such situation won't arise, because only the large scale miners will be able to sustain such situations. With home miners they need to spend on electricity, maintenance and addition of GPU to compensate the mining when the difficulty increases. As said, if people think of making a stable earning unlike the market situation mining is the best choice. It requires a large capital to set up and further depending upon the market will be the profit and it requires dedicated observation. So, it is upon the users financial ability to go for buying/mining.I have wanted to join the mining of a thing, not actually for the profit but for the experience but I have been discouraged everytime I wanted to. Reason because it is expensive or it doesn't worth my time, but I am confused because people are doing it and still earning living from it.
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.
Well, at the end of the day, it all boils down to the personal preference of the investor.
Personally, I would prefer to purchase BTC compared to mining BTC. The problem with mining stems from its very nature that you have to purchase the suitable and right mining equipment. This entails that you have to allocate at least a significant amount of capital to start such business. In addition, you also must have a suitable location on where to place these mining rigs since it has to be placed in a cool location.
As someone who wants to avoid the hassle of maintaining such equipments and lacks the necessary knowledge of mining, the convenient way would be to purchase BTCs and leave them for long-term HODLing.
What is also to be considered is that if many people decide to mine bitcoin even if there is no profit above just to buy a bitcoin, mining will be less and less profitable for all the miners in general. This will actually weaken the bitcoin mining community what could be a bad thing.
Such situation won't arise, because only the large scale miners will be able to sustain such situations. With home miners they need to spend on electricity, maintenance and addition of GPU to compensate the mining when the difficulty increases. As said, if people think of making a stable earning unlike the market situation mining is the best choice. It requires a large capital to set up and further depending upon the market will be the profit and it requires dedicated observation. So, it is upon the users financial ability to go for buying/mining. 
Is cloud mining even a legitimate thing in the first place? Pretty sure that all of those who claim that they are a cloud mining service are 100% scam.
99.9% of them are not. And if you find a legitimate cloud mining, their contracts are already sold out within a minute and as you calculate your profit there, you'll barely have enough and break even.I haven't seen a legit one and my friend who has been in crypto for a long time has never saw one too, asked him about it while typing my post.
That's why the majority of them are not really legitimate at all. And if someone is going to buy a spot for cloud mining, it's better to just buy bitcoin and you're even more secure by doing it.
What is also to be considered is that if many people decide to mine bitcoin even if there is no profit above just to buy a bitcoin, mining will be less and less profitable for all the miners in general. This will actually weaken the bitcoin mining community what could be a bad thing.
In our country, mining is not really profitable because of high cost of electricity. You need to consider the energy consumption if you want to mine bitcoin. Higher capital needed and it takes time also to mine. Unlike buying bitcoin at a lower price then just holding it and wait for the price to increase which is also hassle free. Although both mining and buying need bigger capital, I choose to buy especially this current decline of bitcoin in the market which is good entry to buy.
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.~
I guess retailers knew that it is profitable anyway that is why they are ramping up the price regardless. Even if Bitcoin was down to 20k, as of writing this, it is still going to be rewarding to some people that are willing to invest to these rigs depending on their region. Here in my country, GPU costs a lot even though I do not think that mining is quite popular in here but maybe due to the price of top cryptos these days. It is quite rare for me to hear people getting into crypto mining due to how insane electricity costs in hereThanks for your input by the way!
it is easy to understand thta mining is more profitable than buying coins from market. if i have worth to build a mining setup i would mine bitcoins but not to take profit. i have some friends who mines bitcoin for take some profit. they mine then sell those bitcoin and pay energy bills . then they convert rest of money to fiat. at least they dont know what is bitcoin. they know mining as just method to earn some fiat. but bitcoin mining is far beyond that . it is a better way to earn some bitcoins for future. no problem on how you earn bitcoins whether mining or buying. important thing is understand bitcoin and earn some bitcoin for future.
Relatively speaking, cloud mining is the lowest cost.
Lowest cost is definitely a huge positive but if you don't actually make money in the end anyway, what's the point? Cloud mining services are either a scam, or very unprofitable for the service subscriber.
This is absolutely true, since if the person that offers the cloud mining would make the rent less than the return they could simply mine for themselves. If you dont have an advantage over the rest of the world, like free electricity you can never win by mining.
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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. 
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Not sure how much ASIC rig costs these days considering that back in 2021, I even struggled to get my GPU for my home use, lol and the prices of it were skyrocketing due to shortages from a lot of factors like scalpers. I would just go for Bitcoin at the end of the day if I was trying to get something to earn some returns from. Couple of months ago, electricity costs were quite awful here in my country so getting a rig would be hella not be worth it even in a single penny. You also mentioned cloud mining there. I believe that people are seeing the all as 99% scam so I would not even budging any luck there if I was starting to get into 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.
Mining Bitcoin is not a very easy thing to understand for a beginner, you really have to look for someone who already understands in the crypto world to tell how to mine and the capital is very large for the tools needed, not only that, you also have to compete with miners others who already have very large and adequate tools, so it is very difficult to get Bitcoin in a very short time and takes quite a long time. So if you have a large capital, it is better to buy Bitcoin for long term investment so that you can benefit from your investment compared to mining Bitcoin.
If what you are referring to mining here is cloud mining, which is how I understood it, never mind. Although I have heard of the likes of ViaBTC and NiceHash and Genesis and others and a handful are vouching them, the bottom line has always been that cloud mining is either (1) outright scam or Ponzi or (2) that it is not a good investment or (3) the terms and conditions of these cloud mining companies are obviously unfair which means everything is only advantageous to them and highly disadvantageous to their clients.
So if you want to get into Bitcoin mining by way of cloud mining, you'd better buy Bitcoin and HODL.
I'm surprised that there are still people interested in cloudmining, because people in this forum have known for a very long time that it is a scam since you're never going to get profits by cloudmining, and anyone that believes otherwise probably doesn't really know what they're talking about.So if you want to get into Bitcoin mining by way of cloud mining, you'd better buy Bitcoin and HODL.
So taking this into consideration it is very easy to see that between the two options that the OP gives us the best option by far is to buy bitcoin, however buying bitcoin is not enough, people need to learn how to hold their bitcoin as well and keep it for long enough to obtain profits.
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
If I only knew Bitcoin a decade ago, I would be doing whatever it takes to mine as much as I can. But now that mining is now getting difficult for every halving period passing by, I'll just simply do DCA (dollar cost averaging) with Bitcoin with my extra "not beer money".
But of course, it really depends on whichever works for you because both methods are still subject to certain risks in the financial side that you definitely need to acknowledge.
But of course, it really depends on whichever works for you because both methods are still subject to certain risks in the financial side that you definitely need to acknowledge.
Why not take the easy path and buy the bitcoin?
Five or six years ago one can think of mining bitcoin at an individual level but these days mining is very costly. I would rather just avoid all complication of mining and buy bitcoin from exchange, transfer it to my personal wallet and that's all
We cannot choose an option randomly and it depends on the condition of yourself and your mining situation. Generally, mining can be very much profitable if you have a low electricity cost. But first, you will need to calculate the price of electric power and the maintenance cost, and also the money you need to buy a miner after the calculation of these you will be able to know if mining bitcoin can be profitable for you or buying some. In my situation because of the problems I have in my country the best option can be to buy and hold bitcoin for the long term.
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Not sure how much ASIC rig costs these days considering that back in 2021, I even struggled to get my GPU for my home use, lol and the prices of it were skyrocketing due to shortages from a lot of factors like scalpers. I would just go for Bitcoin at the end of the day if I was trying to get something to earn some returns from. Couple of months ago, electricity costs were quite awful here in my country so getting a rig would be hella not be worth it even in a single penny. You also mentioned cloud mining there. I believe that people are seeing the all as 99% scam so I would not even budging any luck there if I was starting to get into Bitcoin.
If you want mining exposure you do some research on investing in one of the mining company stocks. Last time I glanced at them they tracked BTC fairly closely. Unsure it would be an advantage over owning BTC unless you wanted to get something BTC like into an investment you couldn't get BTC itself into
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