Bitcoin Forum

Bitcoin mining? Or mining in general? Bitcoin mining probabilities are close to none existent even with specialized rigs. Would need to invest a lot of $$ in order to achieve a fraction of BTC. On another hand you can mine alt coins which are easier in difficulty thus yielding you much greater profits.

Question is what to mine? But as mentioned above my reply your best bet is to consider buying and trading for quick income.

If you want bitcoin just buy bitcoin dont mine it no point really. You can mine some alt coins with potential but again if you just buy them you might be better off. Mining is just a good hobby

Mining is your best choice to fastest way earn $$$ ( Altcoin ) , not suitable for Bitcoin , because you can't get profit with mining bitcoin ( a small miner ) , so I advice you directly but bitcoin and store them in hardware wallet , come back after few years and you will become millionaire

Yes, as you said . Its fast-growing value as of today ，so my suggestion is that you can accumulate by buying some . Because if you don’t have a large amount miners , the amount you accumulated is so little, and the speed is so low .

Mining is fine miners help a lot in transactions but if you're aiming for profit then you should buy and start trading you can't expect huge profit on mining.

I started mining ETH with gpu's its nice passive income but unless you plan on buying crypto every month the cost of electricity isn't really worth it. What I did just recently discover is masternodes I think this is the future of mining it has medium-large-very large start up costs (depending on the coin) but very small operating costs (5$/month) although with mining you can be versatile in what coin you want to mine with masternodes you pick one coin and hope that coin goes somewhere. But I think buying the coins and investing in a masternode is worth it, and if you want to play around with your miner and mine coins that are pretty new and could have a pump in the future that can definitely be worth it. But for me the heat generated in my house (especially in the summer) was not worth it for me, plus the noise I would have from my D3's.

Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released.

Bitcoin buying is buying bitcoin when the price is low and you can buy bitcoin with high price but it is better to buy bitcoin with low price because when the price is low you can sell and trade it with high price but if you buy it high you cannot sell it with higher value.

if you do not have trading experience, I suggest do not follow trading, because trading is high risk, requires patience and experience to read the movement.

Bitcoin mining has become much more difficult and today its almost impossible to mine at home without investing substantial amount of money. There will be electricity cost and the cost of mining equipment and of course increase in the difficulty  level of mining and finding a good bitcoin miner is a hassle. So I believe buying is more profitable in the short run and inevitable stress is avoided.

in my opinion, if you have the capital, you better trade in Bitcoin than altcoin, because income from bitcoin is bigger than trading in altcoin, although mine altcoin is easier but there is no guarantee to get big profit.

Aside from what AYJ said, if you are using unsuspecting non-dedicated equipment like a gaming laptop GPU, it
A: wouldn't be remotely worth it mathematically, and
B: would wear down the GPU.

Modern Bitcoin mining can't really be done effectively on a laptop. In practice you would need something like an Antminer S5, which is probably too big and conspicuous to carry and plug in next to you at the cafe without being awkward. Plus you'd have to sit there 24/7, or at least for hours at a time on a regular basis.
That said, if I lived on a college campus with included electricity, I would definitely consider running a miner. Unless it is specifically forbidden in writing, I don't see it as unethical. You are paying for the housing. 'Free' electricity would give you a large advantage over other miners, even over the large mining farms that pay a few cents per kwh, plus costs for staff, rent, cooling, etc. The cons for you would be fan noise and heat. For one or two miners you could probably make it work. Now if you fill the basement of your frat house with dozens of S5s, someone will eventually notice the high electric bill and come knocking. Running a large commercial operation from campus is probably a bad idea.

If you have money for equipment, cheap electricity, guarded rooms with air conditioning, then mining is a great option. If all this is not there, then the trading on the stock exchange

That said, if I lived on a college campus with included electricity, I would definitely consider running a miner. Unless it is specifically forbidden in writing, I don't see it as unethical. You are paying for the housing. 'Free' electricity would give you a large advantage over other miners, even over the large mining farms that pay a few cents per kwh, plus costs for staff, rent, cooling, etc. The cons for you would be fan noise and heat. For one or two miners, you could probably make it work. Now if you fill the basement of your frat house with dozens of S5s, someone will eventually notice the high electric bill and come knocking. Running a large commercial operation from campus is probably a bad idea.

in fact the answer to this problem depends on the price of the day's bitcoin. If the price of bitcoin is high, production is the right choice. but if prices are low, investing and making the most sense. you will make a profit when it goes up.

In this period of time and then it is very risky. However, mining is completely dependent on the real market, video cards and other equipment. In this sphere it is possible and common businessmen to swim. And investments should be smarter, there will not be a stable income, this can get out and flow.

If you mining you need a lot of money to invest in machinery and it is very expensive. Bitcoin mining only suitable for large companies. I think you should buy bitcoin and trading. Or you should mining altcoin, It's easier than bitcoin.

Bitcoin mining is not profitable nowadays, moreover if your budget is low. Better to buy bitcoin and make it as an asset hoping for price to increase. Or if you have the time you might consider crypto trading. Eventhough mining is still profitable on some altcoin, there are cheaper ways to earn coins like staking/masternode.

Between mining and buying bitcoin I prefer to buy bitcoin. Now for bitcoin mining is not enough with a little money, we must have a lot of money. Different with buying bitcoin with $100 we can invest and trade in bitcoin. I'm sure for bitcoin mining is not enough for one person only, at least have 5 members to buy bitcoin mining equipment.

Mining Bitcoin is a complex task which involves costly hardware and the sophisticated software. So, needs to be initial huge investment. But, if you choose mining then there is no guarantee to cover the market risk. So, my suggestion is to buy Bitcoin and keep it at least 5 years. Definitely you will be in better future.

Buying Bitcoin can bring much more profit then mining it because Btc is hard and maybe the hardest coin. So I'd recommend you mining altcoins.

Owners of negative experience often argue that home mining today can not be profitable in principle. Of course, this is not true. It is obvious that, with a competent approach, home mining still has the right to exist — both as a way of earning, and as an alternative for those who originally intended to buy bitcoins on the cryptocurrency exchange. But still, most investors today prefer to buy bitcoin.

If you have the dough, you can buy Bitcoin and other crypto in general and just hodl until you get the price increase that you want. Mining is not for everyone because first, you need to have the funds to put up a mining rig.

Here in the Philippines, whatever you put up let's say a $4,000 mining rig with a dozen GTX 1050, it will take around 6 - 8 months ROI before you start earning after paying the capital for the mining rig. Of course it may be sooner in other countries because our electricity rate is the most expensive in Asia here at around $0.16 per kwh.

Nowadays, in order to mine and obtain large fractions of Bitcoin, a state-of-the-art power plant is needed at home or in a specific place, so the best way to get Bitcoin is to buy it or work to get it. However actually mining altcoins can be lucrative and is also practiced by the individual's taste, just as there are daytrade, investors, there are miners.

In my opinion it is better to buy bitcoin, as not it is needed to invest really huge amount of money in order to get something from mining.
You will get more profit just investing into BTC in the right time.

You are better off just taking the money that you want to mine with and investing it into bitcoin and buying the coins for yourself. The reason that people mine bitcoin could have to do with the fact that they only have to invest once and they can keep mining and getting coins with the hardware that they have without needing to buy coins which is a good angle if you look at it.

If you have the necessary equipment and knowledge, mining is always more profitable. You have a lot of money and you should opt to buy if you can use it for trading. This is not an investment recommendation.

Bitcoin mining is not viable now because its difficulty is growing and rewards are decreasing due to higher difficulty rate. Buying is a right decision rather then mining and if you buy now and hold it for one to two years then you can get handsome returns.

Engage in mining is certainly good . but a lot of moments . every day more and more coin mining farms . and then you'll get this is not the fact (( + is certainly not a little payback . minemum 1 year

For mining bitcoin requires a large investment of money. At the same time as his purchase will cost much less.

I believe that this is the most important rule for investment . We must diversify our risks . not in any case not to hope for one coin .

If you live in Venezuela your electricity fee for mining one Bitcoin is only 700$, when in others countries the fee Is approximately arround 6000$ - that means that it is not profitable.

I would choose Ethereum . in my opinion, the coin is underestimated and has a huge potential . but this is a personal opinion )

Bitcoin buying is the right preference in this scenario because recently all the coins are dump in the market. But mining platform is recently critical in so it is not make enough profit at the same if we invest in bitcoin we will expect 2x profit in end of the year.

I like many on the forum know the one, with the mining bitcoin you missed it. It's too late to get it now. Now you should pay attention to the altcoins. For you, it should be a hobby and not a source of your family budget, because the course of altcoins can jump.

Just check https://whattomine.com/ on what's the most reliable coins to mine depending on your hardware.

Bitcoin mining doesn't suit places that has high consumption of electricity and the bills are too expensive for starting a bitcoin mining farm but still there's altcoin mining as an alternative or just buy bitcoin and hold.

For me its almost the same in mining you need to get a lot of good rigs which is expensive then electricity too so it's almost the same you invest you money for good rigs to mine. so i think it's better to buy bitcoin     

I suppose that mining is more stable, but Bitcoin buying is more risky and may be more profitable