BTC Mining vs Buying

[Ryanpaul80]

Btc mining vs Buying? I think that bitcoin mining will win because there is no back cause and bitcoin buying will cause you a lot of money to spend than mining because it will go bigger and bigger value and you not spend anything just mining tool

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[imstillthebest]

I think Buying is good.Mining is not bad.But we can save our time in buying.(cloud mining is not safe)

buying is good all the time when compared to mining as mining requires a good amount of capital in order to start with. however there were still users that prefer  to mine because they are in a place or a country with low cost electicity consumption or usage and also the advantage of mining is that it can work substantially without the need of human supervision or in short it can work passivelly unlike to buying that you need to monitor the market oftenly in order for you to buy and sell your coins.

[Duogembrot]

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.

BTC mining also now has difficulty in solving block to get bitcoin, they are difficult to set algorithm used, it makes bitcoin price more expensive, because harder to get bitcoin hence more expensive bitcoin in circulation.

[BlackRacerX]

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.

Mining is not profitable anymore these days since mining is getting pretty complex everyday. However, the profits made in mining bitcoins really depends on the situation you're in. If you are in a country that has cheap electricity, then maybe you could mine bitcoins there. However, if the case is the other way around, mine profitable alt coins or just buy bitcoins and trade. Buying bitcoins saves you the hassle of electric bills.

[rezmo]

I suggest you buy bitcoin instead of mining because if you are  going to mine you must build a perfect rig for that you will cost so much money because there is lot of competition in the mining  and you will get long time to breakeven  at least 1 year, and electricity, cooling system these are things you must give attention you cant do a simple mistake with this, ( don't think as a negative passing if have money to burn it is not a problem, if not its good buy bitcoin) trading bith btc can make more profit  , so learn about it all the best

[susuberuang]

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.

I prefer to be a bitcoin buyer and trading bitcoin altcoin rather than having to assemble mining and play mining tools, because more profit trading bitcoin altcoin, if mining will require electricity and maintenance costs every month.

[Mjeramirez]

Both method of acquiring bitcoin involves investing money, if I have to choose between the two, I think Buying is the easiest way to get some bitcoin, you only need to be careful when you will invest, be sure to buy when the price is low to ensure maximum profitability. Bitcoin mining is another way but it require very expensive hardware set-up that will cost you a lot to be profitable,

[Calypso Rossi]

Both have their pros and cons. Mining is profitable if there is price surge but on the other day it is time consuming also and require technical skills. Buying is nothing technical, all you have to do is buy the bitcoin and then the circle starts. Moreover this is not risky whereas mining is. But you should buy the bitcoin when the price is low enough to give to profits later.

[Suzan]

Whether or not to buy bitcoin, it has a difference between the costs and risks. I prefer mining bitcoin. It may cost more, but the risk is less. Meanwhile, if we buy bitcoin, to get big profits,  we also need to have more funds,  and the risk is usually bigger.

[jrrsparkles]

I would just buy the dip and store it or make a good trading and investment than buying a mining rig,
especially to those countries with such a high price electricity, in mining, you need to pay for bills in electricity for your consumption and air-condition and cooling for the rig.

Both ways are very easy to earn money  , If you new to this you can invest some amount to earn good profit mining bitcoin also a good way , it is one time investing so if you invest one time you will get earnings for period , so it depends on lifestyle of a person so you choose any of these methods to earn money .

[heureca]

I prefer buying, holding and traiding Personally for me it is the best way to earn money. Mining is no so efficient for home conditions

[BITDV]

you already know the answer and buying Bitcoin is the best investment for now. profit obtained from mining isn’t as much as before because of the level of difficulty is very high, if you have a great amount of capital then mining can be profitable and can provide you a stable profit but your income will just stuck on that amount.

[Superpacman]

better do both ..
While waiting for the bitcoin increase in free time you can still earn by playing/mining.

[dvillier]

you already know the answer and buying Bitcoin is the best investment for now. profit obtained from mining isn’t as much as before because of the level of difficulty is very high, if you have a great amount of capital then mining can be profitable and can provide you a stable profit but your income will just stuck on that amount.

Well, as mate mentioned in above comment that buying BTC is more easy and tension free methods for earning BTC. In doing so you need to buy some BTC and then hold them for right time so that when price is high then you can sell your BTC while mining is tough job and need more experience because there is electricity involve and also care of devices is tough. That why more people prefer Trading in place of mining.

[cryptodreams]

I gave up the mining long time ago. With these professional miners there it's better to buy the bitcoin, much easier.

[radharX]

i can say mining is good if you are w. so many fraud and scam site are available and daily many site are closing their business due to government regulation.

select that site which one is older and paying regularly.

[blue_dragon]

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.

I think there are lots of processes that you need to do in mining a bitcoin, and only professionals can access it and you should have an enough knowledge about it. And If you go with buying a bitcoin you must need a large amount of money to do that.

[nightfury]

I prefer btc buying because you don't need to buy super fast bitcoin mining rig anymore. You don't need your time and effort to watch over your mining rig for any technical problems. So when you buy btc, all you have to do is just keep your btc in your wallet and let it stay there for a month, a year, or two.

[buternasek]

I prefer to trade, if your mining should always be active and monitor
but if your trading only needs to monitor a few moments and not recommended to always be active, mining has a major problem in electricity you will spend a lot of money to pay for electricity

[Super_talk]

At this stage of bitcoin development, I think it's better to buy all of them, since the mine itself is no longer profitable and costly.