Did you mine it or buy it?

[Zoomer]

I started of mining it when you could mine from a computer, then i took a break and come back and brought to stock up even more then i come back again and yes i stocked up some more lol I probably brought more than i mined..

[ensurance982]

Why so many people now buy bitcoin rather than mine it? Mining is one of the best invest in this bitcoin altough it is so slow for now but still we can mine and get btc from it and if you guys always buying bitcoin when will you get your own bitcoin? I dont think you guy got some profit because you can't earn back after you lost it

Mining is very expensive.
Both the equipment & electricity bills.

Its also very difficult to profit. Its hard to get a single miner and break even. You need bulk quantities + cheap electricity to make a go of it nowadays!

Yup, a fact many people forget to take into account is the amount of electricity mining Bitcoins consumes. That's also the reason why most mining farms (who mine in an extremely big scale) are located in areas with cheap - or even free(!!!) - electricity! Those areas include Mongolia, for example

[Gisado]

When I joined bitcoin world (2014), it was way too late for CPU/GPU mining, so I bought them. I still buy because I don't have ASICs and don't have confidence about profitability of mining.

[Chef Ramsay]

I mined last year and prior but that only did so much for me, so buying ensued over time plus this sig campaign and I've gotten what I think is decent and prosperous for the next rally this summer and beyond. If you're new, don't mine at all cuz it's not gonna pay you back enough in btc, just buy and hold. I can't stress enough how simple and reliable that just buying coins is, you can't go wrong unless you know a thing or two about trading to expand your pouch. If you don't know about trading, just chill and buy your stuff and let it ride. I just wish I believed in this message of operation when I was building mine early on.

[BTCevo]

Why so many people now buy bitcoin rather than mine it? Mining is one of the best invest in this bitcoin altough it is so slow for now but still we can mine and get btc from it and if you guys always buying bitcoin when will you get your own bitcoin? I dont think you guy got some profit because you can't earn back after you lost it

Why shouldn't people go and buy Bitcoins!? It really doesn't matter if you mined the Bitcoins yourself or whether you bought them. If you're mining in a pool, you don't even get the Bitcoins you've mined - you most likely haven't even found a block, you just made sure a certain range of hashes didn't contain a valid block-solving-hash.

It just the same like you buying things then. If you are buying bitcoin with all of your money why dont you just do trading altough bitcoin price is too volatile but at least you wont spend your own currency to buy it. Its just like using your invested money to be invested again. Yes nowadays so many blocks to solved thats why so many people suggested me for buying but it just wasting you own fiat money

[Don007]

Why so many people now buy bitcoin rather than mine it? Mining is one of the best invest in this bitcoin altough it is so slow for now but still we can mine and get btc from it and if you guys always buying bitcoin when will you get your own bitcoin? I dont think you guy got some profit because you can't earn back after you lost it

Why shouldn't people go and buy Bitcoins!? It really doesn't matter if you mined the Bitcoins yourself or whether you bought them. If you're mining in a pool, you don't even get the Bitcoins you've mined - you most likely haven't even found a block, you just made sure a certain range of hashes didn't contain a valid block-solving-hash.

It just the same like you buying things then. If you are buying bitcoin with all of your money why dont you just do trading altough bitcoin price is too volatile but at least you wont spend your own currency to buy it. Its just like using your invested money to be invested again. Yes nowadays so many blocks to solved thats why so many people suggested me for buying but it just wasting you own fiat money

If you look at it that way, you have to spend your own currency either on buying equiptment or on BTC directly. However, it is hard to ROI when you buy equiptment (especially if you have high electricity costs). 

Sure, your direct investment in BTC can end up being less than 100%; being worth less than you Original invested (in your own currency). However, you still remain the same amount of BTC then.

[BTCevo]

Why so many people now buy bitcoin rather than mine it? Mining is one of the best invest in this bitcoin altough it is so slow for now but still we can mine and get btc from it and if you guys always buying bitcoin when will you get your own bitcoin? I dont think you guy got some profit because you can't earn back after you lost it

Why shouldn't people go and buy Bitcoins!? It really doesn't matter if you mined the Bitcoins yourself or whether you bought them. If you're mining in a pool, you don't even get the Bitcoins you've mined - you most likely haven't even found a block, you just made sure a certain range of hashes didn't contain a valid block-solving-hash.

It just the same like you buying things then. If you are buying bitcoin with all of your money why dont you just do trading altough bitcoin price is too volatile but at least you wont spend your own currency to buy it. Its just like using your invested money to be invested again. Yes nowadays so many blocks to solved thats why so many people suggested me for buying but it just wasting you own fiat money

If you look at it that way, you have to spend your own currency either on buying equiptment or on BTC directly. However, it is hard to ROI when you buy equiptment (especially if you have high electricity costs). 

Sure, your direct investment in BTC can end up being less than 100%; being worth less than you Original invested (in your own currency). However, you still remain the same amount of BTC then.

But still buying something that is volatile is risky and it really hard to the ROI too but it is lower that buying equipment right? Actually invested in my own currency seems to get some profit too altough its not higher than btc but its much safer than volatile bitcoin. And how am I still remain same amount if I end up less than 100%?

[ipbo]

When I joined the bitcoin community, I tried to mine but nahh it's very expensive in my part.

[panck4beer]

Looked into mining, but then just did some faucets and eventually just bought some.

[Don007]

Looked into mining, but then just did some faucets and eventually just bought some.

In my opinions faucets are quite a waste of time. If I am wrong and someone has a way to actually make some nice money with faucets, contact me .
Investing a few bucks into BTC and start short term trading or something makes you way more BTC in less time.

To be honest, I've tried a few faucets too at the very beginning of my 'bitcoin life'. However, that was only a few times (during a few days) until I received my first (dust) payment. Then I realized I was really wasting time.

[hua_hui]

At first I mine some bitcoin and go to faucet as well! Then be confident with bitcoin then buy it!

[NeuroticFish]

First satoshi came from faucets. The amounts I mined are too small to ever withdraw.
Then I moved to altcoins. I mined, I traded, I've put some away.

Now I get most of the satoshi from services (translations, signature campaigns). I also bought some.
I am too small to consider myself a bitcoin regular.

[CryptoPanda]

both
and taking payments in it too

[aeno19]

I just want to answer the first number,

when I started,
I "Mined" bitcoin from faucets and giveaway,
and after I get some coin,
I invested it on cloud mining, so I can get coin while doing nothing....

[minerpumpkin]

Why so many people now buy bitcoin rather than mine it? Mining is one of the best invest in this bitcoin altough it is so slow for now but still we can mine and get btc from it and if you guys always buying bitcoin when will you get your own bitcoin? I dont think you guy got some profit because you can't earn back after you lost it

Why shouldn't people go and buy Bitcoins!? It really doesn't matter if you mined the Bitcoins yourself or whether you bought them. If you're mining in a pool, you don't even get the Bitcoins you've mined - you most likely haven't even found a block, you just made sure a certain range of hashes didn't contain a valid block-solving-hash.

It just the same like you buying things then. If you are buying bitcoin with all of your money why dont you just do trading altough bitcoin price is too volatile but at least you wont spend your own currency to buy it. Its just like using your invested money to be invested again. Yes nowadays so many blocks to solved thats why so many people suggested me for buying but it just wasting you own fiat money

I don't quite get the first part of your sentence... I still think buying Bitcoin is a safer thing than mining Bitcoin, because mining BTC exposes you to an even higher risk than just buying BTC. What do you mean by "nowadays so many blocks to solved"!? The amount of blocks being solved isn't changing over time (except for variance. It's 144 blocks per day on average, so it could be 130 per day, or even 200 per day on occasion).

[ensurance982]

I just want to answer the first number,

when I started,
I "Mined" bitcoin from faucets and giveaway,
and after I get some coin,
I invested it on cloud mining, so I can get coin while doing nothing....

You aren't really "mining" coins when you are using faucets or giveaways. Mining only refers to the process of solving hashes in order to find a valid hash that makes you eligible for adding a new block to the block chain.

[BTCevo]

Why so many people now buy bitcoin rather than mine it? Mining is one of the best invest in this bitcoin altough it is so slow for now but still we can mine and get btc from it and if you guys always buying bitcoin when will you get your own bitcoin? I dont think you guy got some profit because you can't earn back after you lost it

Why shouldn't people go and buy Bitcoins!? It really doesn't matter if you mined the Bitcoins yourself or whether you bought them. If you're mining in a pool, you don't even get the Bitcoins you've mined - you most likely haven't even found a block, you just made sure a certain range of hashes didn't contain a valid block-solving-hash.

It just the same like you buying things then. If you are buying bitcoin with all of your money why dont you just do trading altough bitcoin price is too volatile but at least you wont spend your own currency to buy it. Its just like using your invested money to be invested again. Yes nowadays so many blocks to solved thats why so many people suggested me for buying but it just wasting you own fiat money

I don't quite get the first part of your sentence... I still think buying Bitcoin is a safer thing than mining Bitcoin, because mining BTC exposes you to an even higher risk than just buying BTC. What do you mean by "nowadays so many blocks to solved"!? The amount of blocks being solved isn't changing over time (except for variance. It's 144 blocks per day on average, so it could be 130 per day, or even 200 per day on occasion).

I mean buying bitcoin is for your the early fund that you need to do trading so after you already got back your early money back better just use the profit to trading or doing whatever you want to do so you still get profit by using your own profit, so its nothing to lose

[Mikestang]

I'd like to ask the users here about how you got started in bitcoins and how you acquire bitcoins.

So the two questions are:

1. When you started, did you MINE or did you BUY bitcons?

2. If you are a regular user of bitcoins currently, do you MINE or do you BUY bitcoins?

I started with mining just a few months ago.  I keep everything I mine, when I need to buy something with BTC I buy that BTC and then spend it right away.  Hopefully all that I mine will be worth something significant some day.

[vendetahome]

i used to mine btc with cloud mining on cex.io though it wasnt profitable at all and thats why i dont mine bitcoin

[okae]

I Earn bitcoins by doing small tasks and faucets/giveaways. Have never mined, or bought...yet.

yes, i start by the same way, my god, faucets..... what the hell....

and yes i never mined, havent money to buy hw, so... btw i think that actually is better to buy and hold BTC than to try to mine it.