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Author Topic: Did you mine it or buy it?  (Read 6798 times)
solstoce
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May 05, 2015, 09:00:08 PM
 #121

Mined Litecoin Late 2012 early 2013. The Chart told me what to do, was best step in the door with my super slow GPU at the time!
broseph
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May 06, 2015, 01:54:48 AM
 #122

I got started by buying, now have some coming with cloud mining (inb4 "lol cloudmining")
Cinnob0n
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May 06, 2015, 02:47:00 AM
 #123

Got into bitcoins too late to mine. I recall hearing about them in 2013 but never bothered to look into it. Of course I regret it  Embarrassed I did however buy 50 bitcoins mid 2013.

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BTC_Superman
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May 12, 2015, 06:53:22 PM
 #124

Both of them, mine it and sometimes buy it.
Cryptopher
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May 12, 2015, 09:39:45 PM
 #125

Buy, and also earn it.

I've never attempted Bitcoin mining, I did some alt mining briefly about a year ago, but I personally wouldn't bother.

Sign up to Revolut and do the Crypto Quiz to earn $15/£14 in DOT
thebenjamincode
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May 13, 2015, 02:39:40 AM
 #126

i mostly buy bitcoins because when i tried to mine it, it was very hard and i had no luck on finding a block
pooya87
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May 13, 2015, 05:34:01 AM
 #127

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?


when i started with bitcoin solo mining was at its end of days, so i never tried mining.
as far as cloudmining goes, i never trusted any service nor found any of them being profitable. in any case i just played around in CEX.IO with small amounts and mostly traded hash rather than mining Cheesy

my coins come from whatever i could buy with money and the rest is earned through different works like signature campaign, faucets and nowadays trading.

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JarvisTechnology
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May 13, 2015, 05:45:56 AM
 #128

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?


To start off the discussion, I can only answer question 1. I mined bitcoins when I started. Then I bought and sold bitcoins through an exchange.
I cannot answer question 2 because I'm no longer a regular user of bitcions.

EDIT: Let me clarify question #1. If you did some sort of service and got paid in bitcoin, you essentially bought it. Even if it was a faucet, you still needed to do something to get paid. That is, the bitcoins were not given to you without any conditions. Would you have done the service for free if they didn't pay you in bitcoins? For any service, doing tasks, or advertising for someone, you would normally get paid in fiat. If you wanted bitcoins instead, you would have to buy it through an exchange. So in essence, you skipped the exchange, and got bitcoins directly. In the end, you still bought it.

When I first started Bitcoin I only mined it which I wish I did buy some now looking at the price. the price might of dropped recently but I could of still made a profit even today. I now mine about 20% of my monthly income.

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May 13, 2015, 05:48:24 AM
 #129

I did not buy it, i did not mine it, i work for it i designed some of the logos that are being used merchant here in bitcointalk
jubalix
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May 13, 2015, 05:49:09 AM
 #130

I don't think you can mine BTC profitably since early 2013, unless

[1] You were a foundry.
[2] Had free power.

Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
sgk
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May 13, 2015, 05:59:06 AM
 #131

1. When you started, did you MINE or did you BUY bitcons?
A: I started in late 2013 and it was too late to mine BTC with GPU at that time and I didn't want to invest in expensive ASIC hardware, so I started mining alt-coins and converting them to Bitcoins. That way you can say I didn't buy them, I didn't even mine them but I traded them.

2. If you are a regular user of bitcoins currently, do you MINE or do you BUY bitcoins?
A: If by 'regular user' you mean someone who still continues to acquire more Bitcoins, then yes I am a regular user. But now I have stopped mining (even alt-coin mining). I acquire Bitcoins by:
   - Paid Signature Campaigns
   - Trading alt-coins for profit
Omikifuse
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May 13, 2015, 06:48:51 AM
 #132


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?



1) I bought coins. I would not dare to invest in hardware to mine Bitcoin before I getting some knowledge at least how to move and sell them.

2)neither. I earn them by one mean or another
BIT-Sharon
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May 13, 2015, 06:58:59 AM
 #133

both Wink

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?


To start off the discussion, I can only answer question 1. I mined bitcoins when I started. Then I bought and sold bitcoins through an exchange.
I cannot answer question 2 because I'm no longer a regular user of bitcions.

EDIT: Let me clarify question #1. If you did some sort of service and got paid in bitcoin, you essentially bought it. Even if it was a faucet, you still needed to do something to get paid. That is, the bitcoins were not given to you without any conditions. Would you have done the service for free if they didn't pay you in bitcoins? For any service, doing tasks, or advertising for someone, you would normally get paid in fiat. If you wanted bitcoins instead, you would have to buy it through an exchange. So in essence, you skipped the exchange, and got bitcoins directly. In the end, you still bought it.
newcripto
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May 13, 2015, 11:23:42 AM
 #134

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 only buy Bitcoins and that I do both for profit to sell them later at high prices and to buy some some stuff with them.I am interested in mining but the equipment for this are too expensive and especially I am non-tech person,dont have any idea how to start that.Buying is best no worry and no hurry just some profit always.
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May 13, 2015, 05:06:27 PM
 #135

I never BOUGHT or Mined Bitcoin when I joined BTC. I entered in the Bitcoin when first time I traded my STR {Earned from free giveaway} to BTC, Which was 2 BTC App in early 2014.
I never Mined BTC or Buying BTC in these days But trading some BTC and earning from the Sig campaigns here.

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cflocation
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it's a hardware thing!


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May 13, 2015, 05:39:21 PM
 #136

Mined all mine and still mining today.
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May 13, 2015, 06:05:49 PM
 #137

Mining for a while now (low returns as I only hobby mine) and I've sold off all non-profiting equipment.  I'm left with an Antminer S3 that makes a little bit more than I pay in electricity per day and the rest of the BTC I purchase from an exchange.  I still find it strange that the exchange limits me to such a small amount per week for purchasing.  Cool

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May 13, 2015, 06:30:36 PM
 #138

Mined all mine and still mining today.
Where do you live and what kind of hardware are you working with? Because to make profits you need a quite amount of decent gear and a nice low electricity bill, like that Barnacules youtube guy.
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May 13, 2015, 06:46:59 PM
 #139

I started by buying 0.1B to get familiar with the concept. Afterwards I tried mining it, and soon realized I should switch to altcoins, which I did for a couple of months. Now, whenever I want more bitcoins, I buy them. Much easier Wink
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May 13, 2015, 07:05:13 PM
 #140

I buy Bitcoin according to my needs.I usually convert my savings in Bitcoin as this is going to very valuable soon.I also make it by different ways like by participating in giveaways or testing beta services.
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