We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?
I prefer at this time is to buy btc to gain more profit for just short term, compare to mining rig its take alot of time to earn a profit, i think buying bitcoin is the best way to earn alot, just my opinion. 
Topic: What do you prefer at this time, invest in mining rig or just buy bitcoin? - page 2. (Read 737 times)
November 13, 2017, 01:29:13 AM
November 13, 2017, 01:27:34 AM
Mining is good but it is very costly and you need specialized stuff to become successful on it although bitcoin value drops so bad these past few weeks I would still recommend investing on bitcoin because it's still profitable in the future also bigger number of bitcoin is already in the circulation it would be very difficult to mine the remaining bitcoin and surely many will get it first before you.
November 13, 2017, 01:22:40 AM
I prefer to buy bitcoin because I want to get a quick profit and buy bitcoin is simpler than investment in a mining rig. Besides mining rig I think it would be very difficult to mining bitcoin due to higher levels of difficulty will make you only get a slight advantage. But if you build mining rig for the mining altcoins I think you still can get a greater advantage.
November 13, 2017, 01:12:01 AM
We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?
Directly buy bitcoin instead. You don't have to worry about the PC parts, electricty, and high speed internet connection for that matter. On the plus side, you get more of what you paid for when you directly but bitcoins instead of mining them yourself. Mining would be more costly because of the little returns you get from it from time to time.
I agree with you, costs and effort is more on mining than buying bitcoin.. since the parts/hardware is high now, why not just invest it directly to bitcoin right?
November 13, 2017, 01:06:41 AM
I have free electricity in my building where i live
but have no clue how to even begin to mine
I see some used rigs for sale on local forums
my only worry is the building where would it noticed that theres alot of eletricity consumption going on in my apartment ? lol
but have no clue how to even begin to mine
I see some used rigs for sale on local forums
my only worry is the building where would it noticed that theres alot of eletricity consumption going on in my apartment ? lol
November 13, 2017, 01:01:39 AM
I would just decide to buy a bitcoin and stay cool as its price has tremendously increased in the past months.Before investing in mining,we have to consider lots of factors.Main factor is that we have to ensure cheap electricity.Otherwise,it would be useless to buy an ASIC miner and mine.It would be a total waste of time otherwise.
November 13, 2017, 12:20:06 AM
We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?
I think it all depends on your knowledge limit. for those miners, obviously they would choose mining to get bitcoin pieces. but I personally prefer to trade. yes I think this is in accordance with what is someone's favorite.
November 13, 2017, 12:17:53 AM
We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?
for me if i have big budget ill go invest in mining industry because this is not a scam and easily to earn more money than risk your money in some sites that you dont know if its legit or not.
November 13, 2017, 12:14:30 AM
I prefer to just buy bitcoin and hold in for long term. I think it is more profitable in the long run compare to assembling a mining rig not to mention you dont need to be charged high electricity cost due to high consume of mining rigs. Also mining bitcoin nowadays is not profitable as it is in the last few years. Its difficulty discouraged many aspiring miners to mine bitcoin. As for just buying bitcoin, you just need to spot a good entry point and you are good to go. Come back to it after a few years or you can add some monthly or occasionaly. You dont need to worry if it dips or some are panic selling because your main goal is to sell it after a few years.
Exactly, well said. If you are a miner already just continue but if you have the funds to set up a new mining rig , just buy bitcoin. Avoiding wear and tear of the hardware. If you gain in your mining it just a recovery of your rig👉
November 13, 2017, 12:11:58 AM
We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?
If you only have average capital for investment you should not do Bitcoin mining because it requires high capacity mining hardwares that can compete with big mining company, low cost electricity and a lot of time to make a profit from it, it will also cost you big amount of money for regular maintenance and it will take long before you reach the return of investment (ROI). It is recommend that investors with small capital to just buy Bitcoin directly instead of mining it because it is more easier and more profitable, all you need to do is watch the price chart every once in a while. 
November 12, 2017, 11:59:17 PM
If the electricity in your place is cheap i would definitely go for mining rigs that's more profitable than buying bitcoin if you have that upper hand the only problem you need to face is the setup and the crypto that your going to mine because you can't mine btc on rigs these days so you need to study first what is the coin that's have a potential for my mining and your money for setup, if the electricity is so expensive i would recommend to go for investing in bitcoin that is the safe play, you can also consider investing your money on other altcoins.
November 12, 2017, 11:48:25 PM
I prefer to just buy bitcoin and hold in for long term. I think it is more profitable in the long run compare to assembling a mining rig not to mention you dont need to be charged high electricity cost due to high consume of mining rigs. Also mining bitcoin nowadays is not profitable as it is in the last few years. Its difficulty discouraged many aspiring miners to mine bitcoin. As for just buying bitcoin, you just need to spot a good entry point and you are good to go. Come back to it after a few years or you can add some monthly or occasionaly. You dont need to worry if it dips or some are panic selling because your main goal is to sell it after a few years.
November 12, 2017, 11:40:39 PM
We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?
For me, there is a lot of things to consider if you are mining bitcoin like electricity, time and maintenance, device cost and hash rate. If you can afford these things then you can try mining but it is really hard to do so and it also depends on the country you live in. Some country's electricity cost is low and some are very costly. I would suggest to you that you think about these things but for me honestly, I much prefer buying bitcoin than mining. 
November 12, 2017, 10:56:39 PM
We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?
investing in bitcoin simply takes time and so does altcoin. the right choice is to trade. I think that's the best thing at the moment. and I did that
November 12, 2017, 10:49:00 PM
I do not prefer mining this time but this is the right time to buy Bitcoin why? It is because Bitcoin price is fall from 7k$ to 5.5k$ and if my experience in Bitcoin will prove me right sooner or later Bitcoin price will exceed 7k$ USD and if you happen to buy Bitcoin now at 5.5k$+ then you'll profit 1.5k$+ instantly.
It may be on its dip today.. but as we look on to its history on its ups and downs the overall thread is only upward....
November 12, 2017, 10:38:34 PM
If you happen to have some BCH sitting around from the hard fork, then the cost of Bitmain rigs just got a lot cheaper.
Assuming they let my order stand, I ordered an Antminer L3+ for 1.4 BCH
This youtube video has a good overview of how you can use it to mine.
In particular, there is a pool that switches between coins to get the best return
https://www.youtube.com/watch?v=eTwk3zHkCqI
As others say, cheap electricity is key.
In my case, it is included in my association fee, but I can only run one rig.
Keep in mind that these rigs are loud. An L3+ is 70DB
Assuming they let my order stand, I ordered an Antminer L3+ for 1.4 BCH
This youtube video has a good overview of how you can use it to mine.
In particular, there is a pool that switches between coins to get the best return
https://www.youtube.com/watch?v=eTwk3zHkCqI
As others say, cheap electricity is key.
In my case, it is included in my association fee, but I can only run one rig.
Keep in mind that these rigs are loud. An L3+ is 70DB
November 12, 2017, 10:38:15 PM
We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?
Directly buy bitcoin instead. You don't have to worry about the PC parts, electricty, and high speed internet connection for that matter. On the plus side, you get more of what you paid for when you directly but bitcoins instead of mining them yourself. Mining would be more costly because of the little returns you get from it from time to time.
November 12, 2017, 10:34:06 PM
We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?
|i think i buy bitcoin then i play in gambling with investment site to profit and earn and i get trading also. November 12, 2017, 10:33:00 PM
For me it is better to just directly purchase bitcoin rather than mining for it.
This is especially applicable if you are just one individual who will do it. You simply cannot compete with the genesis mining worldwide.
Better but it.
This is especially applicable if you are just one individual who will do it. You simply cannot compete with the genesis mining worldwide.
Better but it.
November 12, 2017, 10:29:10 PM
buying is the easiest thing to do, it is also the most profitable thing to do, and also safest thing to do!
right now bitcoin is in a dip which makes it a good opportunity to buy it, you will make a lot more profit that way and you will never have to worry about costs of mining, the difficulty going up, your investment giving you less profit, .... when buying you can always sell fast if you see any kind of drop or something but in mining you can't sell your equipment if it stopped being profitable and turning it off is like wasting money.
with that said mining can be a good and kind of a passive income too. but only if you have cheap electricity and know what to do. for example in case of altcoin mining you may have to switch between coins a lot to keep it profitable.
right now bitcoin is in a dip which makes it a good opportunity to buy it, you will make a lot more profit that way and you will never have to worry about costs of mining, the difficulty going up, your investment giving you less profit, .... when buying you can always sell fast if you see any kind of drop or something but in mining you can't sell your equipment if it stopped being profitable and turning it off is like wasting money.
with that said mining can be a good and kind of a passive income too. but only if you have cheap electricity and know what to do. for example in case of altcoin mining you may have to switch between coins a lot to keep it profitable.
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