|
Title: Bitcoin Mining vs Buying Post by: SUDARMONO on December 15, 2018, 09:28:45 PM Is it better to get BTC via mining or buying now?
It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now? If yes, any suggestion? There are quite many cloud miner in the market. Title: Re: Bitcoin Mining vs Buying Post by: keyscore44 on December 15, 2018, 10:13:37 PM Is it better to get BTC via mining or buying now? It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now? If yes, any suggestion? There are quite many cloud miner in the market. I do not know where you have information that at the beginning of this year mining was unprofitable.. ::) This is simple: When the BTC price is high, the profitability increases, when the price is low, the profitability is low, or you even lose on it. It mainly depends on the cost of electricity, but at the current price, the answer is simple - it is better to buy BTC than to mine. Title: Re: Bitcoin Mining vs Buying Post by: bettercrypto on December 15, 2018, 10:27:31 PM With the current price of bitcoin, I think mining is still profitable but not that high. However, buying bitcoin would be an additional investment option wherein profit will be achieved few months or few years from now. Currently bitcoin is around $3,250. At this very low price, there are some investors really on the buying mode already.
Title: Re: Bitcoin Mining vs Buying Post by: franky1 on December 15, 2018, 10:39:22 PM Is it better to get BTC via mining or buying now? It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now? If yes, any suggestion? There are quite many cloud miner in the market. right now (doing the lengthy math) the cost of mining is a multiple of 104 of the amount of exahash mining. so 32exa * 104 =3328 this 104 is based from maths of a s9 sold at $390, that is 1.3kwh with $0.05perkwh cost and is 14thash if you want a easy multiple of the new s15.. that would be 117. but they are not out for delivery yet(deliveries begin in about a fortnight) if the entire network was running s15 then the cost of mining at this weeks 32exa low, would be $3744 mining older hardware which you have already broken even in regards to hardware where you are now paying just electric is 61.9x of exahash (based on $0.05/kwh) meaning if you bought an old asic in late 2017 and got your $2k rewards after 5 months(i done that math too) and now just mining with electric as your cost 32*61.9=$1980.80 so s9 mining =104x of exahash so s15 mining =117x of exahash so electric only cost mining = 61.9x of exahash use those numbers and you will have a quick and easy way to work out which is cheaper.. to buy or to mine have a nice day the reason i am using 104 as base cost. is that it is the cheapest hardware+electric majority. those with earlier rigs that paid themselves off, most people use the hardware payoff to then buy new rigs so technically its not just pure electric as their hardware profit is respend and gone. so they are still in the loop of trying to recoup Title: Re: Bitcoin Mining vs Buying Post by: hadveach on December 15, 2018, 11:22:03 PM in my opinion, BTC mining is more profitable now, today there are many sales of BTC, especially when battle of hashes.
many BCHSV or BCHABC supporters sell their BTC assets to win the hash battle. Title: Re: Bitcoin Mining vs Buying Post by: kamBlanV on December 15, 2018, 11:33:45 PM mining will give us benefits quickly, such as trading too, but buying the same as investment, it is impossible for us to sell BTC immediately after buying in a short time.
but, we have to wait when BTC reaches the bull value. Title: Re: Bitcoin Mining vs Buying Post by: kvipcn on December 15, 2018, 11:45:09 PM Is it better to get BTC via mining or buying now? Depending on how you understand the Bitcoin space, there are so many factors relating to whether you want to buy bitcoin or mine it. With mining, you need to consider the cost of electricity in your country whether its cheap or expensive and also consider the cost of the hardware you need to start mining. Considering buying and hodling, you need to check the current and past trading trends to help you understand and know the possible market price you are likely to sell your Bitcoin in case you want to trade them in some months or years to come. With this, you can choose to mine or buy. 8) 8) 8) 8)It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now? If yes, any suggestion? There are quite many cloud miner in the market. Title: Re: Bitcoin Mining vs Buying Post by: ralle14 on December 16, 2018, 03:15:20 AM Avoid cloud mining, if you do a quick search here in the forum and on google you'll find most of them are scams. If you're not ready to invest a lot of money buying Bitcoin is the best option. Mining only becomes a good option if you have a cheap electricity cost at your place.
Also, bitcoin mining is profitable from the start of 2018 until now you'd still see people continue mining. If it wasn't profitable for everyone we could've seen a bigger decrease on the hashrate. Title: Re: Bitcoin Mining vs Buying Post by: libert19 on December 16, 2018, 03:28:32 AM I heard mining is no longer profitable, after massive decline in bitcoin price. If miners leave mining, Bitcoin mining difficulty will decrease, so things will eventually even.
Title: Re: Bitcoin Mining vs Buying Post by: Pursuer on December 16, 2018, 08:47:38 AM it is never an easy statement of "it is better to mine bitcoin". you can't say that without specifying at least a dozen variables and only one of them is the bitcoin price of that time! for example an uncommon thing to consider is the fact that you don't have to reveal your identity and risk going to an exchange and get scammed just because you want to own bitcoin. when you mine it, you will be directly rewarded with fresh coins that you yourself produce.
and of course obviously it is always about bitcoin price, the electricity cost, labor, cooling, maintenance cost,... for instance if you have access to cheap electricity then it is ALWAYS better to mine bitcoin. Title: Re: Bitcoin Mining vs Buying Post by: dr.hopkins on December 16, 2018, 09:12:10 AM Mining is almost dead. At least, if you want to mine alone, then there is no point in it. Holding Bitcoin is a good idea, especially now that Bitcoin is at its lowest point.
Title: Re: Bitcoin Mining vs Buying Post by: moynul2050 on December 16, 2018, 09:26:28 AM Mining is getting harder because operational costs are increasingly expensive while the price of bitcoin is getting lower. Despite the price
bitcoin is getting cheaper but there must be a positive issue so investors want to buy bitcoin. both have a big risk, I prefer to wait for the best moment. Title: Re: Bitcoin Mining vs Buying Post by: killat on December 16, 2018, 09:50:05 AM In most cases, mining is no longer profitable at current price as energy is pretty expensive, mining difficulty has raised a lot in time (even if recently it got adjusted with ~15%) and you need to buy the most performant miners to make some profits, but their price is huge. (Few thousand $).
If you have no free/very cheap energy, a better option is to buy and hold. Current price for btc is very affordable comparing with few months ago and buying for holding long term seems to be the best option for now. Title: Re: Bitcoin Mining vs Buying Post by: joeperry on December 16, 2018, 10:58:39 AM Mining won't work now, as you can see the price of bitcoin crashes and no one of us know when it will going to come back. Mining requires a lot of energy and high end equipment that would fit to mine the Bitcoin the higher the equipments specs the higher the hashing rate and the higher the hashing rate the more bitcoin you've earned however the price of bitcoin is really far from the price of the equipment you're going to buy, the electricity you're going to pay.
So buying is the most fit for this kind of circumstances. Title: Re: Bitcoin Mining vs Buying Post by: btc-room101 on December 16, 2018, 11:41:45 AM Is it better to get BTC via mining or buying now? It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now? If yes, any suggestion? There are quite many cloud miner in the market. Mining at 0.10/kilowatt, essentially a dime per kwh will net your -$2 USD, .e.g. you lose two bucks a day when mining on an ANTMINER s-9, trouble is hardly nobody sells electricity that cheap, normal price is 0.15/kwh Say you were a gold miner, if you can't get 2X of GOLD for expense then you close the mine, funny how the asshole here still with a straight face call it 'mining', when its in fact no longer profitable, and if it were 'mining', it would be 100% shutdown. Now towards BUYING, that is a fools game, PAYING real money for random numbers was always a MORON-PLAY, Mining back in the day, was ok, hell last year you could get 50 barrels of oil (value) for 20 barrels of oil expended energy, say a 250% ROI, ok but now IT's GAME OVER as they say, Lastly, everybody KNOWS that BTC is going back to $1k first, then $400, so why in the hell buy now, when you can wait, and accumulate later, just don't HODL, cuz the long term value is ZERO. Title: Re: Bitcoin Mining vs Buying Post by: BitcoinHodler on December 16, 2018, 12:51:38 PM if you can mine bitcoin then it is the easiest way of earning a passive income of bitcoin. but that requires some little amount of maintenance and also will only work if you have a lower tier electricity cost.
with the new developments you can also start running your full node and with lightning network gaining more popularity you can set an LN node and earn some fees through that too. as for buying my preference is investing in bitcoin rather than trading it and i believe that is the best way of it. trading is best done with altcoins since their potential is only short term. Title: Re: Bitcoin Mining vs Buying Post by: kalstarzz on December 16, 2018, 01:11:15 PM I think mining now is no longer relevant, and it cannot provide an advantage anymore, and buying it is better, because it will be able to provide better benefits.
Title: Re: Bitcoin Mining vs Buying Post by: gentlemand on December 16, 2018, 01:19:08 PM Cloud miners are almost all ponzi schemes.
Even if they did actually own machines, if professional industrial miners can't turn a profit with their vast economies of scale and special power deals how can someone who doesn't have any of that and has to make two profits, yours and theirs, do it? As for going into real mining, here is something I have never seen written on here - I am so pleased I chose to spend all of my money on electricity, premises and mining machines instead of just buying BTC. Title: Re: Bitcoin Mining vs Buying Post by: Sethrey on December 16, 2018, 01:31:08 PM Is it better to get BTC via mining or buying now? It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now? If yes, any suggestion? There are quite many cloud miner in the market. I don't think that mining is profitable now.. The electricity costs a lot and btc price is not really good now. As for me I prefer investing. There's a good possibility for it now. Title: Re: Bitcoin Mining vs Buying Post by: jcpone on December 16, 2018, 01:49:16 PM Bitcoin mining is getting harder and harder as time goes by. Now considering the price of bitcoin at around $3,300, it makes bitcoin mining less profitable. The cost of mining, the difficulty of mining, and the low price of bitcoin combined, looks not so profitable for small miners. So, probably it is time to shift to buying bitcoin and then hold.
Title: Re: Bitcoin Mining vs Buying Post by: Indamuck on December 16, 2018, 02:12:07 PM Mining isn't worth it unless you need heat for the winter or you have free electricity. If you are holding onto your mined coins it's always better to just sell all your hardware and buy the coins if you are a speculator. The days of easy money through mining are gone, GPUs only make a few cents a day even with low electricity costs.
Title: Re: Bitcoin Mining vs Buying Post by: Malam90 on December 16, 2018, 02:28:42 PM Previously Bitcoin mining was profitable when Bitcoin price was $10k+ but Bitcoin price is now only $3k+ and to mine a bitcoin, miners costs are over $5k+. So it is not profitable to mine now but buying Bitcoin is profitable now if to hold few days.
Title: Re: Bitcoin Mining vs Buying Post by: Jocuserious on December 16, 2018, 02:45:50 PM I think so possibility right Bitcoin buying will make profitable,it is the understanding simple.you have to buy Bitcoin with the lower price then when Bitcoin price going up increase, simply your profit will increase.so now Bitcoin holders people need buying for the current lower price and have waiting little more days.
Title: Re: Bitcoin Mining vs Buying Post by: pixie85 on December 16, 2018, 02:51:55 PM Buying is by far the best option. It doesn't even compare to mining. When you buy you get all your money converted to coins instantly and when you mine you get your money converted to mining hardware that slowly mines coins. It's a much less efficient process. What would you say if a Bitcoin exchange started paying back your Bitcoins in shares instead of giving you them all at once?
Title: Re: Bitcoin Mining vs Buying Post by: Bitcoin_Arena on December 16, 2018, 03:04:23 PM It depends on where you come from and how much you believe in the Bitcoin revolution,
- Location matters when it comes to mining costs especially power tariffs. where i come from, power tariffs are so high and so at the current price of BTC, one would be mining in losses. So it makes buying the deep or day trading more sensible -Belief; But if you believe in the bitcoin Network and you are looking at the long term benefits rather than short term, then why not try out mining? Title: Re: Bitcoin Mining vs Buying Post by: bit-freedom on December 16, 2018, 03:49:05 PM You have to check whether it is profitable to mine, you can use whattomine website and input your electricity cost for calculation. For me, I will rather buy Bitcoin than mining.
Title: Re: Bitcoin Mining vs Buying Post by: hubballi on December 16, 2018, 03:53:26 PM The price of the Bitcoin has got down, but the mining difficulty level has gone up and the reward is also decreased by 50% down, so still mining is not profitable if you want immediate profit, If you just mine and save the bitcoins received for long term then it may be profit when the price will move up and till then you would have mined lot of Bitcoins. If you dont want any thing to do then better start buying the bitcoins on each dip and save for long term. Which is much better right now to do.
Title: Re: Bitcoin Mining vs Buying Post by: Spider A4 on December 16, 2018, 04:14:28 PM Is it better to get BTC via mining or buying now? Many people leave to mining just reason in the market volatility. Mining is loss project because it will cost a lot of accessory (Electricity cost is a big deal) but it dose not get any benefit accordingly. Better way to BTC investment i think.It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now? If yes, any suggestion? There are quite many cloud miner in the market. Title: Re: Bitcoin Mining vs Buying Post by: mandor on December 17, 2018, 06:01:00 AM buying is a great way to get good profits rather than mining Bitcoin, as already said people here are better off buying not mining. mining will only be a waste of time and costs for that need a good computer and electricity. I personally prefer to buy but if you want to get good profits and have skills in mining or trading then you have to undergo both mining and buying.
Title: Re: Bitcoin Mining vs Buying Post by: Idrisu on December 17, 2018, 06:38:25 AM Bitcoin mining is far more preferable compared to buying. Bitcoin is currently too volatile and putting money in buying it most times make you to lose money. Remember that trading is far risky than mining and I think mining is still more profitable than investing.
Title: Re: Bitcoin Mining vs Buying Post by: biskitop on December 17, 2018, 06:46:47 AM it's better to buy, safer and more certain. it's clear that if you buy on an exchanger, bitcoin is definitely landing in the wallet and we just have to wait for the price to rise. if we are minning, there could be some problems with the hardware or software used for minning, and the capital that is spent is also large, the cost of electricity bills is also large.
Title: Re: Bitcoin Mining vs Buying Post by: glowing10 on December 17, 2018, 06:48:48 AM Prices that dip down and by buying will be far more profitable than bitcoin mining, and buying is more likely to get tangible benefits. For mining their are various factors like electricity cost, rentals , equipment costs etc . While in buying Btc you directly can buy and sell whenever you make profits or hold for long term . Also ROI is long in mining and can take couple of years to recover money which is a long time Title: Re: Bitcoin Mining vs Buying Post by: dentolas on December 17, 2018, 07:10:52 AM for me mining has to include the energy supply that needs to be renewable... if you can get your miners to work with free energy you will become mostly independent of market flutuations...
people say that buy and trade is better, but they forget that the price can fall... ;D Title: Re: Bitcoin Mining vs Buying Post by: badungs on December 17, 2018, 07:37:14 AM In my opinion. you better buy bitcoin instead of mining. now the price of bitcoin is very affordable and keeps moving down. so we can buy bitcoin at a relatively cheap price without having to buy very expensive mining equipment. and we can get bitcoin with a short time and don't need a lot of electricity.
Title: Re: Bitcoin Mining vs Buying Post by: dmamigo on December 17, 2018, 10:07:55 AM In my country assembling the rig and then run it over costly electricity is not that wise move. Buying is mostly preferred and there are miners to my knowledge who bought cheap rigs and now they are still mining. But for me, it is just buying when needed and when I can. But being a miner has some positive sides as well, the fluctuations don't bother you most and at peak time it's quite an awesome time for miners.
Title: Re: Bitcoin Mining vs Buying Post by: rumexx on December 17, 2018, 10:18:29 AM Mining of bitcoin is capital intensive though you will make more of bitcoin through mining. I will prefer to buy bitcoin and hold than mining because of the huge amount of fund involved. The equipment needed must be complete before you can start and the energy needed also must be steady. I rather raise money to buy and save myself the mining hassles.
Title: Re: Bitcoin Mining vs Buying Post by: AutoBlockX on December 17, 2018, 11:56:30 AM In most cases, Bitcoin mining is more profitable than buying. However, because the rate and value of the coin is exceptionally low at this point.This is why it is recommended that you buy Bitcoin instead of spending time in mining it.
Title: Re: Bitcoin Mining vs Buying Post by: cpoer2011 on December 17, 2018, 01:42:36 PM I think get bitcoin with mining way is not profitable right now since the downfall of Bitcoin rate because the electricity and others cost for mining is very huge and the mining result can not cover the cost. So, better to buy in the market and trading it to gain the profit from trading.
Title: Re: Bitcoin Mining vs Buying Post by: Peashooter on December 19, 2018, 11:14:57 AM Is it better to get BTC via mining or buying now? For me, its better get bitcoin through buying than creating mining. Actually, its hard to earn with mining because doing this kind of stuff you need big amount of money and worth of mining is more than 1 bitcoin. So basically, just prefer to buying bitcoin than mining.It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now? If yes, any suggestion? There are quite many cloud miner in the market. Title: Re: Bitcoin Mining vs Buying Post by: mickeybuddy27 on December 19, 2018, 11:23:28 AM Is it better to get BTC via mining or buying now? Many people leave to mining just reason in the market volatility. Mining is loss project because it will cost a lot of accessory (Electricity cost is a big deal) but it dose not get any benefit accordingly. Better way to BTC investment i think.It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now? If yes, any suggestion? There are quite many cloud miner in the market. Title: Re: Bitcoin Mining vs Buying Post by: burky155 on December 19, 2018, 11:31:58 AM Bitcoin mining is not an option anymore nowadays.. The mining costs now more than your profit and you would earn nothing right now. There are many good mining companies went down and lots of people loose their investments lately. That was great opportunity in past few years but not now. So buying and hodling seems way better right now.
Title: Re: Bitcoin Mining vs Buying Post by: Xardasim on December 19, 2018, 11:33:14 AM Is it better to get BTC via mining or buying now? Firstly it does not matter where Bitcoin comes from, it just depends on how much you believe. So if you do not see its future brightly, why waste your money on getting it?Secondly as far as I know, the market price of Bitcoin is lower than the price of mining. In addition mining tools are renewed frequently and it is impossible to get against it. So it might be better to collect from cheap price for now. Title: Re: Bitcoin Mining vs Buying Post by: conected on December 19, 2018, 01:14:04 PM Is it better to get BTC via mining or buying now? Many people leave to mining just reason in the market volatility. Mining is loss project because it will cost a lot of accessory (Electricity cost is a big deal) but it dose not get any benefit accordingly. Better way to BTC investment i think.It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now? If yes, any suggestion? There are quite many cloud miner in the market. Title: Re: Bitcoin Mining vs Buying Post by: nianastasia62 on December 19, 2018, 01:53:13 PM As far as I know, mining is not profitable to produce now, but to look at future growth. I never mine bitcoins as it is better for me to buy them.
Title: Re: Bitcoin Mining vs Buying Post by: Coin-Desk on December 19, 2018, 04:17:06 PM Bitcoin Mining: Bitcoin Mining is only Possible in Developed Country like United States, England, Canada etc. Because of Bitcoin mining needs extraordinary Graphics Card and It cost so many Money. Even though It takes huge money for start mining it mines slowly. So, in my opinion, bitcoin mining is not so profitable than buying. If you start Mining then you need lot's of expensive electronic instrument and if one instrument gets damaged or ineffective then you lose lots of money. Because there is no guaranty for an electronic device. Cloud Miner: Yes, there are many cloud miner in the market but maximum cloud miner company are fake they sure do scam with you when you invest with them. Maximum company asking you to send them some bitcoin for withdrawing your mining coin. There are few legit cloud miner in the market But they give you a small profit. Cloud mining takes huge time for mining coin. In my opinion, you should not invest in cloud miner company. Buy Bitcoin: This is the right way to get some profit from bitcoin. But all the time is not the right time to buy Bitcoin. You should Buy Bitcoin when its price goes down like $3000-$3100 and Sell bitcoin when its price rise. Like $4000-$4500 in my opinion. I also buy some bitcoin when its price $3100 and I am waiting for its price $4000. So buying bitcoin is more profitable than Mining. Because Mining needs huge capital on the other hand Buying to need a small capital. You buy any kinds of an amount you wish. So I choose Bitcoin Buying. Best Regards Coin-Desk Title: Re: Bitcoin Mining vs Buying Post by: Rohtox on December 19, 2018, 05:04:49 PM i think mining it's not worth now because the price of bitcoin is still cheap. buying coins now and holding it for the long term is more profitable than mining now I think
Title: Re: Bitcoin Mining vs Buying Post by: H1N1 on December 20, 2018, 01:56:18 AM Is it better to get BTC via mining or buying now? It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now? If yes, any suggestion? There are quite many cloud miner in the market. Mining bitcoin is not too profitable anymore because the price of bitcoin was decreasing in the market. But i see a small rising price in crypto market that maybe the sign of the beginning of market recovery. Cloud miner have high risk, i always avoid it because most of them are fraud. Better mining with your own rigs. Title: Re: Bitcoin Mining vs Buying Post by: Shohanur on December 20, 2018, 02:04:11 AM If you compare with current price then I will suggest you to buy Bitcoin than Bitcoin mining. Bitcoin mining is profitable when price goes to high. But at the low price, Bitcoin mining can't bear a good profit. Even there is chance to lose capital.
Title: Re: Bitcoin Mining vs Buying Post by: Pagoda.to on December 20, 2018, 02:07:33 AM I wish I could still mine, I just buy btc now whenever I can. Even though people are saying mining is becoming more profitable now than before, just getting hold of the machines is difficult plus paying a big premium. Most people are better off just purchasing.
|