What do you prefer at this time, invest in mining rig or just buy bitcoin? - page 3.

CryptoBry

sr. member

Activity: 1008

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Quote from: Raigeki. on November 12, 2017, 08:56:37 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 would say that you can do both, that is if you have the necessary funds to do so. Investing in mining equipment can mean a big money so the next choice would be buying Bitcoin especially that it is in the big dip right now...you can buy it cheap and then experience some profits when it would be back surging in soon. You can save money to get into mining business so it depends to you really which can make you happy and hopefully profitable in the long run. Good luck!

Raigeki.

newbie

Activity: 42

Merit: 0

Quote from: Andre_Goldman on November 12, 2017, 09:22:22 PM

I would like to mining on hardware that I already have and working just fine ... but I guess the only coin I can mine with it is testnet coins ...

Ok, i think if you already have this mining/hardware before the price kicks it is good. You can always use that until its lifespan and as long as you benefit from it. BTW im a newbie, what is this tesnet coins?

timikulit

full member

Activity: 196

Merit: 103

Quote from: Raigeki. on November 12, 2017, 08:56:37 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?

Bitcoin mining is profitable as long as you have high capital, cold environment for rigs and cheap electricity.

If you dont have these then i suggest you to buy bitcoin at a lowest price possible

BossMacko

hero member

Activity: 1134

Merit: 502

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.

Raigeki.

newbie

Activity: 42

Merit: 0

Quote from: q835197677 on November 12, 2017, 09:19:26 PM

The cost of the mine is much larger than the bitcoin purchase, and you have to consider the loss of the graphics card and CPU, and the problem of sudden power failure. So, for my money, I like to buy bitcoin directly.

Yeah i agree, before it is ideal to just setup a mining rig for it cost not that much but since it’s price pumps up too, considering the wear and tear of the cpu/unit/processor etc. it is advisable nowadays to just buy directly.

jseverson

hero member

Activity: 1834

Merit: 759

Mining rigs require a lot of research and investment. You're much better off buying and HODLing Bitcoin if you don't know exactly what you're doing.

Most people assume that mining is as simple as getting a rig and churning out huge profits. That's not always the case. You have to consider your electricity costs and various other factors. You could very well end up operating at a loss.

Andre_Goldman

sr. member

Activity: 322

Merit: 253

Property1of1OU

Quote from: ?? on ??

My recommendation is going to buy a Zimbabwe money note with a price about 10-20 usd. You will be soon get reward and able to sell it at 1 million GBP per note.
More information go to https://angelteam.wordpress.com (No commercial, just pure information)

My lucky bank note is this one

Andre_Goldman

sr. member

Activity: 322

Merit: 253

Property1of1OU

I would like to mining on hardware that I already have and working just fine ... but I guess the only coin I can mine with it is testnet coins ...

q835197677

full member

Activity: 189

Merit: 101

The cost of the mine is much larger than the bitcoin purchase, and you have to consider the loss of the graphics card and CPU, and the problem of sudden power failure. So, for my money, I like to buy bitcoin directly.

Raigeki.

newbie

Activity: 42

Merit: 0

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?

Topic: What do you prefer at this time, invest in mining rig or just buy bitcoin? - page 3. (Read 737 times)