BTC Mining vs Buying

[tleilaxu_eyes]

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.

Thanks.

There are a few things that point to mining becoming more profitable in the near future, but there is also the impending bubble burst as well so... still a risky choice as it ever was. Easy to get burned by hardware vendors.

Buying, while not nearly as "cool", is much simpler and requires less additional time investment. Do some research, make some buys, check back in a few months and you're good. If you start mining, you'll constantly be obsessed with hashrate, payouts, and efficiency. That's a higher cost.

[rickyleatham]

If you have a lot of money, the good way is using mining tool because they earn more profit, more efficient than investing but you have a powerful source of money before buying mining tool, or you can buy little bitcoin and trade for profit whenever bitcoin fluctuate but this take a long time.

[taiwww]

On 07,November 2016 bitcoin rate was $709 and today it has crossed $7100.
After seeing this magical rise in its value, buying of bitcoin is more profitable than mining.
Bitcoin mining requires a proper set up. It needs mining machinery, internet connection and uninterrupted electricity.
Mining activity consumes lots of electricity so one cannot afford the mining activity, where electricity charges are quiet high.
On the other hand if you invest the same mining capital for trading in bitcoin currency you will get handsome profit.
But for that you need to study the volatile movements of  bitcoins before investing.

[Catmony]

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.

Thanks.

- It depends upon in which country you are mining and how much you are paying for electricity. If you are talking about cloud mining than it will never be profitable.

- Recent surge in price will also pull more miners which will increase the mining difficulty that will pull your total profit to down again.

- Cloud miner are just virtual miner, not the one with real mining devices mining for you. Some of them claim they are legit but there is no way to know how much mining power they actually have and how much they have sold till now.

[Bitcoinjheta]

On 07,November 2016 bitcoin rate was $709 and today it has crossed $7100.
After seeing this magical rise in its value, buying of bitcoin is more profitable than mining.
Bitcoin mining requires a proper set up. It needs mining machinery, internet connection and uninterrupted electricity.
Mining activity consumes lots of electricity so one cannot afford the mining activity, where electricity charges are quiet high.
On the other hand if you invest the same mining capital for trading in bitcoin currency you will get handsome profit.
But for that you need to study the volatile movements of  bitcoins before investing.

Mining and buying bitcoin are both possible source of income. However, the way you do it and your logical approach in earning from it matters. Your cleverness in making money from it depends the possible profit you may get.The wiser you are the bigger the profit you may get. The art of mining is not that easy but if you have ways on how to do it right and profitable then you can do both.

[batang_bitcoin]

If you have a lot of money, the good way is using mining tool because they earn more profit, more efficient than investing but you have a powerful source of money before buying mining tool, or you can buy little bitcoin and trade for profit whenever bitcoin fluctuate but this take a long time.

Exactly, mining is still kicking but only good when you will invest big capital on it but if you wish to mine and then you are not able of getting some big amount on your pocket forget it for now. You can just try trading as of that moment and when you made big money with trading then maybe you will be able on anytime will come. This is what I do now, I want to mine but I'm not able so still buying is my best choice.

[Ararbermas]

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.

Thanks.

in my own opinion no.  indeed mining is to slow to earn much profit even bitcoin value surge now adays. I suggest to buy bitcoin instead of mining in any cloud mining site cause buying bitcoin now adays wil give us much profit even its always fluctuated. So keep away on mining bro instead focus on trading if you want to earn much profit or fast earnings. Best regards

[yojodojo21]

In my Own Perspective, Basically if I Can Buy Bitcoin Why Not Buy Good CPU/GPU hardware Use For Mining Because bitcoin now is too much Expensive rather than Mining you just Buy Good hardware stuffs for Mining And Then earn Bitcoin Every Month in a Year or more, Instead of buying Bitcoin Every month and Invest or trade to other coins.

[Choii]

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.

Thanks.

Buying is better, mining is so risky and low margin

Yes i agree, it's better to buy bitcoin specially nowaday ( but i'ts depend on your budget ) rather than mining site, because mining is so risky ( like you said ) and i think mining is not profitable now adays ( and that's my opinion. ) So much better to buy bitcoin, cause if you can see the value of bitcoin now is continue to grow that's why buying bitcoin is a good choice. And that's my suggestion, but the decision is in your hand, so good luck.

[sandaru]

According to my point of view, bitcoin mining is big time consuming process and you have to pay higher electricity bills for that. On the other hand, you have to put a considerable amount of initial investment for mining equipment. Therefore to buy bitcoin is more comfortable.

[dettihegedus]

I think i will buy bitcoin to invest rather than using money to buy mining computers, buying bitcoin is easier, we dont have to buy anything, repair or pay for electricity,... but using my money to buy bitcoin is a better way, i can earn a lot of bitcoin if i use my head wisely whenever bitcoin fluctuate, however it is very hard for our mind and stressful, also it take very long time to get high profit.

[_noname_]

According to my point of view, bitcoin mining is big time consuming process and you have to pay higher electricity bills for that. On the other hand, you have to put a considerable amount of initial investment for mining equipment. Therefore to buy bitcoin is more comfortable.

i will suggest you bitcoin buying in place of bitcoin mining because bitcoin mining is difficult task then bitcoin buying and also for bitcoin mining you need a lot of electricity for mining devices and the rate of electricity is very high while bitcoin buying is easy and task you can buy from any place and then you can also sale easily.

[amelitojr47]

i prefer of buying cause you will spend so much time and money to it, and you dont worry alot..

[stompix]

According to my point of view, bitcoin mining is big time consuming process and you have to pay higher electricity bills for that. On the other hand, you have to put a considerable amount of initial investment for mining equipment. Therefore to buy bitcoin is more comfortable.

i will suggest you bitcoin buying in place of bitcoin mining because bitcoin mining is difficult task then bitcoin buying and also for bitcoin mining you need a lot of electricity for mining devices and the rate of electricity is very high while bitcoin buying is easy and task you can buy from any place and then you can also sale easily.

How do you know his rate for electricity?
What is so difficult in btc mining? You buy a miner, spend 2 minutes configuring it and you let him do the mining.
Once in a while you check on it or when you smell something burning.

According to my point of view, bitcoin mining is big time consuming process and you have to pay higher electricity bills for that. On the other hand, you have to put a considerable amount of initial investment for mining equipment. Therefore to buy bitcoin is more comfortable.

No it is not, you spend more time drinking coffee than working on the miners and again, how do you know what price he pays for electricity?

in my own opinion no.  indeed mining is to slow to earn much profit even bitcoin value surge now adays. I suggest to buy bitcoin instead of mining in any cloud mining site cause buying bitcoin now adays wil give us much profit even its always fluctuated. So keep away on mining bro instead focus on trading if you want to earn much profit or fast earnings. Best regards

If buying btc will bring you profit because the price goes up, so does mining...spend two seconds thinking before typing.

If you have absolutely no clue, all of you that are posting just to make your quota..
Please shut up!!!!

[kaloloy]

Each field has it's own advantages and disadvantages.
Buying or investing Bitcoin will give you high return of investment and will require only money from your pocket or bank account.
Bitcoin Mining on the other hand will require a lot of money to buy expensive hardware to mine Bitcoin. But the payout is really guaranteed no matter what the price of Bitcoin. Bitcoin Mining is very technical because you are not only running it but it will require a lot of electric power to speed up the hash rate.
For me I'm gonna choose what's best for me on earning Bitcoin, and I choose investing because all you have to do is to buy Bitcoin then wait a little longer but if you're skilled trader then it's the best way thing.

[BaeNaNa]

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.

Thanks.

If you are looking at the ROI from mining and buying since this year, buying bitcoin clearly generate more return and you don't need to do anything, just buy and hold compared to mining where you must monitor the equipment and configure the miner. From what i read, investing in cloud mining really isn't worth it because most of them are scam and the return is very bad especially when they charge high maintenance fee.

[kaloloy]

According to my point of view, bitcoin mining is big time consuming process and you have to pay higher electricity bills for that. On the other hand, you have to put a considerable amount of initial investment for mining equipment. Therefore to buy bitcoin is more comfortable.

i will suggest you bitcoin buying in place of bitcoin mining because bitcoin mining is difficult task then bitcoin buying and also for bitcoin mining you need a lot of electricity for mining devices and the rate of electricity is very high while bitcoin buying is easy and task you can buy from any place and then you can also sale easily.

How do you know his rate for electricity?
What is so difficult in btc mining? You buy a miner, spend 2 minutes configuring it and you let him do the mining.
Once in a while you check on it or when you smell something burning.

According to my point of view, bitcoin mining is big time consuming process and you have to pay higher electricity bills for that. On the other hand, you have to put a considerable amount of initial investment for mining equipment. Therefore to buy bitcoin is more comfortable.

No it is not, you spend more time drinking coffee than working on the miners and again, how do you know what price he pays for electricity?

in my own opinion no.  indeed mining is to slow to earn much profit even bitcoin value surge now adays. I suggest to buy bitcoin instead of mining in any cloud mining site cause buying bitcoin now adays wil give us much profit even its always fluctuated. So keep away on mining bro instead focus on trading if you want to earn much profit or fast earnings. Best regards

If buying btc will bring you profit because the price goes up, so does mining...spend two seconds thinking before typing.

If you have absolutely no clue, all of you that are posting just to make your quota..
Please shut up!!!!

What's the problem of other people views about Buying vs Mining? You don't have to be sarcastic to point out their mistakes, and I know you're not perfect either. This is a Bitcoin community full of newbies and enthusiasts and not a rally event.

[btcprospecter]

It very much depends on how much you are willing to invest and how long you will have to wait to see a return. With buying you could see returns within weeks but with investing in mining hardware you will see return on investment then it's all profits after then.

[Theb]

It depends, do you want to participate now in the latest price action of Bitcoin? Because if that is the case you can buy Bitcoin now rather than accumulate it to mining. You also need to consider the cost you will take when you choose to mine Bitcoin. The capital you will use in order to buy mining hardware can also be use for you buy Bitcoin. In my personal view I would prefer trading as I cannot manage to run and maintain my hardware which I will also be considering the electricity cost for its operation, it would take me more time to earn Bitcoin income in that way.

[irsada]

mining or buying bitcoin now is the same.
in the future who has the bitcoin currently getting to the advantage.
it now depends on how the individual is how to get it.
because each individual has different skills.