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Author Topic: buying or mining  (Read 1314 times)
cyph
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May 25, 2013, 02:44:40 PM
 #21

buy
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zpm
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May 25, 2013, 02:45:01 PM
 #22

trading shares seems confusing although it might be a more profitable investment than buying or getting into mining
DoctorCentauri
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May 25, 2013, 03:13:01 PM
 #23

And where you can buy shares?
here (or here if you have a small budget).

Thank you!

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May 25, 2013, 03:14:21 PM
 #24

np!

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DefaultTrust is very BAD.
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May 25, 2013, 03:28:23 PM
 #25

Buy
bobboooiie
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May 25, 2013, 03:48:29 PM
 #26

for your question buying At the moment. But for a love of god dont try to day trade shares unless you know what you are doing
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May 25, 2013, 03:52:40 PM
 #27

both Smiley


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ParalysedBeaver
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May 25, 2013, 04:12:41 PM
 #28

Why not both?
xmlHTTP
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May 25, 2013, 04:20:12 PM
 #29

Beacuse if you buy a 1300 dollars miner you make 10 dollars in 1 day. If you buy 1300 dollars of bitcoin you make 13 dollars in 1 day...13 > 10 so........

BUY

sdminer
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May 26, 2013, 01:41:32 AM
 #30

interesting topic. thanks for your replies.

I started checking out mining and it is fun. Kinda reminds me of when I was learning basic computer programming.

It is so tempting to want to by a new miner, but I will check out the share program first. Thanks
DoctorCentauri
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May 26, 2013, 08:52:15 AM
 #31

Beacuse if you buy a 1300 dollars miner you make 10 dollars in 1 day. If you buy 1300 dollars of bitcoin you make 13 dollars in 1 day...13 > 10 so........

BUY

Why you make 13$ a day if you buy bitcoins for 1300$?

MfG
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May 26, 2013, 08:53:30 AM
 #32

Past has shown that Buying/holding bitcoin is a much more profitable investment than mining bitcoins.

I've mined bitcoins in Spring of 2011 and what I was able to mine versus what I was able to buy (in terms of BTC) was more when I just bought it outright.


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xmlHTTP
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May 26, 2013, 09:14:53 AM
 #33

Beacuse if you buy a 1300 dollars miner you make 10 dollars in 1 day. If you buy 1300 dollars of bitcoin you make 13 dollars in 1 day...13 > 10 so........

BUY

Why you make 13$ a day if you buy bitcoins for 1300$?

MfG

It depends, 2 days ago I made 60 dollars just because the BTC price raised.

Zaih
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May 26, 2013, 09:17:59 AM
 #34

Buying seems more practical at the moment in my opinion.
cescan
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May 26, 2013, 09:24:06 AM
 #35

 mining

awgilyas
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May 26, 2013, 11:33:54 AM
 #36

Why not both? Also. Must. Get. ASICs  Grin.

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Nefios
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May 26, 2013, 12:11:17 PM
 #37

Lately I think buying makes more sense.
Hullabaloo
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May 26, 2013, 12:31:09 PM
 #38

Buying.

If you want to make as much profit mining as from buying, you have to devote a lot of time setting up your machines, tracking what coins to mine, calculating profitability vs. electricity costs, trying to be first to market with your new pump n dump coins, etc. To make decent volumes you also have to make a large investment in machines outright.  In other words, it's not unlike having a 2nd job that pays as well as flipping burgers. Smiley

If you do it just for fun that's fine though, you can quit any time.

Buying, well all you have to do is buy some BTC on an exchange, wait for it to go up, 'save' it back to USD. Wait till it drops and do it again. If you're unfamiliar with day trading, don't do anything else, and I imagine you can get a 2% return every day for 10 minutes worth of work. Might not sound like a lot, but do it every day and you've doubled your money in 5 weeks. (Did I mention I'm not good at this stuff yet? Smiley )

That's just my humble opinion and I love to learn new stuff Smiley

Tips? BTC: 1PuPCtUt3pmMjbiLTgTKD6G9AkQS3FBUtD            WDC: WPmzeDfXjgoTEztP1rGCe1ZcBLLMJq7yvL
                                                        Time is Bitcoin!
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May 26, 2013, 12:35:10 PM
 #39

buy ldo

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May 26, 2013, 12:56:48 PM
 #40

Mining on conventional graphics cards is pretty useless now with the new miners coming out.
Graphics cards used to have the benefit of resale value - miners can ONLY be used for Bitcoins.
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