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Author Topic: What do you prefer at this time, invest in mining rig or just buy bitcoin?  (Read 698 times)
sumangs
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November 13, 2017, 07:24:19 AM
 #41

I go on buying bitcoin since mining cost a lot. It makes electricity bill cost more, you need an updated mining rig that cost more, cooling system that maintain the hash power that cost more. When will you get your profit with these mentioned above. Why do not buy some bitcoins and be patient.
pearlmen
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November 13, 2017, 07:39:56 AM
 #42

As the difficulty in getting bitcoin increases by the day, its getting to the point where the mining of just one bitcoin is becoming impossie for an individual to achieve within a reasonable period of time and that's why its better to just buy because even the equipment that would be needed to get the little now will either become obsolete or diverted to mine other coin agiant from the initial reason why it was bought. The best is just to avoid it all together.
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November 13, 2017, 07:54:21 AM
 #43

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?
Neither. Altcoins are on the rise finally and investing in bitcoin won't be a good option as the price has been going down from the moment the fork got suspended. It would be better to make some short term trades with specific altcoins and quickly benefit from it.
Mining rig for bitcoin cash would be extremely profitable as bitcoin cash is of the latest trend now.

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November 13, 2017, 07:57:49 AM
 #44

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?
Setting up a mining rig cost a lot now and there's also additional cost every month such as electricity bill. I prefer buying bitcoins, it is more convenient for me and instead of mining I'll use the money to buy cheap coins and sell it for a higher price later. A lot of miners now already shifted to investment, I have read that the mining business is not good nowadays. Also it is hard to find GPU/Videocard in our country. Maybe because of miners, hopefully they won't regret it later. I enjoyed setting up a RIG but not for mining.  Grin Grin

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November 13, 2017, 08:22:52 AM
 #45

I prefer buying bitcoin directly Smiley... this is much more easy and convinient to do rather than
investing in hardware mining

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November 13, 2017, 08:27:59 AM
 #46

At this moment, i am still prefer buy bitcoin and trade it rather than invest to some hardware mining. Because, nowadays, most of hardware getting more expensive. In my country, electricity cost also become consideration if i start to investing mining hardware.
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November 13, 2017, 08:39:55 AM
 #47

I think for second this option is very good, investment in bitcoin will be very easy but there is also a risk. but if investment in the rig minning we have to set up a plan mature such as the place, the cost and employees if necessary or maybe we do it ourselves.
misterj
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November 13, 2017, 08:50:43 AM
 #48

I prefer buying bitcoin or altcoins because when I invest in bitcoin, the profit gain is low but secured because it is tested. While buying altcoins has greater risk but that means greater profit. If investing in mining is what you prefer or chose. The first thing required to it is having the money to buy the mining rig, means that you will need a capital to start of and second is you must find a pool where you surely have worthy profit since electricity is one of your liabilities.

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November 13, 2017, 09:38:27 AM
 #49

I think it would be just best to buy bitcoins at this point since mining is just pretty much breaking even unless you convert the bitcoins you earn not on the day you earned them but in the farther future. So that means you have to pay for the miner's maintenance cost using your own money from your pocket. Which also mean that you are also investing for the cost of running the miners and you'll only reap the benefits after a long time when prices are quite a lot higher than when you started mining.
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November 13, 2017, 11:23:57 AM
 #50

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?

It depends on you.
If you have a big budget then I suggest you to mining rig. otherwise, I suggest you buy bitcoin and do margin trading. mining rig is quite risky because of the bitcoin price factor that tends to fluctuate and it also will affect how long you get the ROI.

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