https://steemit.com/crypto/@cryptos/cloud-mining-vs-real-mining-vs-buying-crypto-directly
Topic: Should I buy or mine Bitcoin? (Read 476 times)
There's a lot to learn on this topic, so I think this link will help. It compares Cloud Mining, Real Mining and actually buying Crypto directly. Hope it helps!
https://steemit.com/crypto/@cryptos/cloud-mining-vs-real-mining-vs-buying-crypto-directly
https://steemit.com/crypto/@cryptos/cloud-mining-vs-real-mining-vs-buying-crypto-directly
I would just buy some bitcoin. Mining is complicated if you are just starting out. It requires a good amount of computing power and specialized hardware. I have never mined bitcoin, but it seems now that it's a lot more competitive than the early days. The top 5 mining companies control like 51% of the mining, so you along going up against them probably wouldn't go that great. These companies have massive computing power, with hundreds if not thousands of specialized hardware units. You can see videos of them on youtube. I would simply just buy.
You can do both, buy Bitcoin or other crypto coins or token if you have capital or according to your budget.
Then you can do mining along the way.... Just ask for tips on mining....
Then you can do mining along the way.... Just ask for tips on mining....
Just buy and hold, buy and hold )
Read alot man, bouth of these , buying and mining req. lots of reading if you don't want to lose your money .. cheers!
) Read alot man, bouth of these , buying and mining req. lots of reading if you don't want to lose your money .. cheers!
I am the beginner with Bitcoin and I know that there are great many ways to own Bitcoin such as buying, woking for jobs which pay by Bitcoin, trading orm mining but I am wondering should I buy it or mine it?
Buy it. Mining requires knowledge and involves risks and efforts. It's more fun mining, but you gotta know what you do, if you are wondering or not sure - definitely buy and hodl.
p.s. and don't even think about cloudmining cause you'll get burned.
It also depends on the affordability as well the expectation. With mining the user can get a sustained earning which is not possible with buying. While buying we purchase for the fiat that we have in hands. Later the price variation is the one that lets get some earning.
For me i rather choose to buy a bitcoin than to mining if you have a chance to buy. why? because its very easy to earn money even if you have a work or anything you need to do first. if you buy a bitcoin, maybe 2 or 3 months your bitcoin amount will get double or more. this is only my opinion. Read and learn about Bitcoin for the satisfaction of everyone. good day to all!
Buy bitcoin because mining will take a long time.
I suggest you to buy Bitcoin with your credit card because it is faster and much better than mining because you have to invest a lot of money in mining equipment to stay competitive with other mines.
You need a dedicated mining rig to mine BTC at an adequate speed. Otherwise it will take ages and wear down your hardware pretty fast (especially your fans if you use a notebook). So buy it.
Buy it. Mining is not appropriate for newbies.
But it is possible to buy mining capacities and farms will mine it for you. Isn't it?
i think buying is the best so far, mining consumes lots of energy
Buy bitcoin with the money you will use to procure hardware and pay electricity in addition with mining pools fees. The amount you will generate from bitcoin price increase in a year may be higher than mining.
Buy and trade your Bitcoins! Easy and fast money, I personally use Paxful.com because their system is fast and smooth
Buy BTC. after all mining is consume alot money, you need high grade computer, cost of high electric bills.
Buy btc.. Mining is inappropriate for newbies but if you have the time to learn go for both
I would recommend buying Bitcoin. The price is actually pretty good right now.
Mining has become really expensive for consumers because the hardware and electricity costs do not outweigh the profits from mining (Bitcoin fees). Bitcoin has raised the complexity over the years, making it more difficult to solve a transaction.
Mining has become really expensive for consumers because the hardware and electricity costs do not outweigh the profits from mining (Bitcoin fees). Bitcoin has raised the complexity over the years, making it more difficult to solve a transaction.
Have been there, trust me on this. Mining will result in less of a return than simply buying. I knew this but I mined anyway because it was fun mostly, and for a while it made some good coins which (only because I didn’t spend them) made the whole venture worthwhile in retrospect today.
It started with a few second hand miners from Ebay which were mostly quiet and still made a few dollars worth a day so were worthwhile, but then I made the mistake of buying the new release big miner. It cost thousands to buy, but it made pretty good coin so it was okay for about 6 months.
In the end the thousand dollar electricity bills, the constant very loud fan noise 24x7, and the daily diminishing returns, made it pointless continuing anyway, but then one day my big miner blew up due to a small amount of moisture and just like that it was all over.
If I had just bought coins not miners, I would have ended up with twice as many coins that is for sure. Even so, it was fun to mine for a while, and I am glad of the adventure regardless.
It started with a few second hand miners from Ebay which were mostly quiet and still made a few dollars worth a day so were worthwhile, but then I made the mistake of buying the new release big miner. It cost thousands to buy, but it made pretty good coin so it was okay for about 6 months.
In the end the thousand dollar electricity bills, the constant very loud fan noise 24x7, and the daily diminishing returns, made it pointless continuing anyway, but then one day my big miner blew up due to a small amount of moisture and just like that it was all over.
If I had just bought coins not miners, I would have ended up with twice as many coins that is for sure. Even so, it was fun to mine for a while, and I am glad of the adventure regardless.
Buy it. Mining is not appropriate for newbies.
I agree to this. I am new with bitcoin, and i see a lot of thing in mining btc. In my opinion mining is for people who are knowledgeable in computer hardware and software, this is the primary information you should know if you want to build a mining rig.
I am the beginner with Bitcoin and I know that there are great many ways to own Bitcoin such as buying, woking for jobs which pay by Bitcoin, trading orm mining but I am wondering should I buy it or mine it?
You should buy it, exploit it is a very expensive and not always profitable for you 
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