Topic: mine a Bitcoin or buy a bitcoin？ - page 9. (Read 1686 times)

I agree with the previous replies that for the average citizen the best thing to do is to buy bitcoin, full stop. Cloud mining is best forgotten, and for mining at home, being a private individual, unless you get the mining equipment for free and you have very cheap electricity, it won't be worth it either.

It's been a long time since you could mine bitcoin from home with a laptop.

There are two ways to acquire bitcoin: either by "economic means" or "political means." Economic means include but are not limited to purchasing, earning, mining, donations, and other activities that involve mutually agreed, voluntary exchanges completely free of any coercion and aggression. Both purchasing and mining involve putting some effort in order to obtain desired currency in a peaceful manner. Both these activities can facilitate non-KYC acquisitions of bitcoin and therefore are of the same importance for people valuing their privacy. Political means, on the other hand, always involve aggression against other people and include but are not limited to confiscation, stealing, taxes, seizure, inflation, and any other activities that imply involuntary deprivation of funds and enrichment at the expense of others. If there is anything an honest bitcoiner must be squarely and totally against, it is the acquisition of bitcoin using aggressive political means that, more often than not, are being employed by the most powerful entities, which are governments. In other words, as long as the method you are obtaining bitcoin doesn't infringe on the private property rights of other people, you are doing it right. Both mining and buying are fine.

I cannot believe people are still investing money into "Cloud mining" services, because most of them are just Ponzi Schemes.    A lot of people have burnt their fingers with these "Cloud mining" services, but they still invest in that nonsense.

If you want to work your way up to owning a bitcoin, you should rather buy small amounts on a regular basis, when the price is low. When the price increase.... sell for a profit and wait for the price to drop again.. then use that profit and buy more bitcoin. (before you know it, you will own a full bitcoin) 

Investing in ASICS (Hardware) to mine Bitcoin is not profitable for the small miners and the additional cost to run the miners make it even less profitable. 

well we can also earn by working here in forum or outside, as you have been wearing signature also and there are chance that your payment will be converted into bitcoin in the next days.
we all do this from Bounty payments to break and take bitcoin instead.

but also? i commonly buy bitcoin from my extra income and from my gambling wins .

also some of my friend  pays me using bitcoin in my product selling Online .

Mining bitcoin cloud gives us its own convenience, we get many advantages if we use cloud mining, one of the advantages we get is that we don't have to deal with excessive heat, we can also enjoy a quiet atmosphere because there is no fan that keeps buzzing around. to our ears, mining bitcoin is still a very good way to earn passive income for many people, if we buy bitcoin we will definitely need FIAT currency, and we also have to wait for the right time to buy bitcoin, so that we can make a profit in the future.

There are other ways too. Main way to acquire bitcoin is the same way as you acquire any other currency by working for it and getting paid in bitcoin! For example if you own a shop you can sell your goods/services for bitcoin.

Mining has costs, you need to pay for the electricity and keep an eye on cooling the equipment. So you do need to worry about the price. It also means it heavily depends on the electricity price you are paying, if it is low then you can compete otherwise if your electricity costs a lot (like these days in EU) it is not possible to make a profit by mining and you're better off buying bitcoin.

Actually the cost of cloud mining is extremely high since the majority of them are scams or Ponzi schemes and will take your money and run.

Mining Bitcoin is the best if you have the capital and low cost electricity because you can earn more profit in $ compared on directly buying it using the money due to it’s long term return assuming that miner will not gonna broke early but if you have low capital and electricity cost is too high like in my country which is insane, Buying bitcoin is the best for all citizen here because buying mining rig and mining Bitcoin will put as in huge debt due to the expensive electric bill.

Cloud mining is the shittiest idea of investment to begin with because it’s return is very low and most of them is scam. There profit rate is almost same when you hold your fiat in the bank for interest.

For now, mining bitcoin, even using hardware or cloud mining, is not recommended because the difficulty level of bitcoin is now very high and the latest hardware is needed to get a lot of rewards.
That's why it's better to buy bitcoin than mine because by buying bitcoin, we can immediately get bitcoin with varying prices.
Besides that, we don't need to spend much money and just wait for the price to increase again.
While waiting, we can also buy more bitcoins, especially if the price drops again.

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.

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.

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.

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.