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Author Topic: BTC Mining vs Buying  (Read 4914 times)
Aneuk cabang
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March 16, 2018, 04:24:52 PM
 #501

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, buying, hunting (bounty campaign, faucet,etc) is just the way how to get bitcoin, how how to get profit. if you want profit invest your money by buying it, you can do with long term periode by investing or dotrading on bitcoin that you get by mining, buying or hunting to get profit by short periode of time.
ranochigo
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March 16, 2018, 04:28:38 PM
 #502

Mining is definitely more expensive than buying them directly. The mining hardwares aren't cheap at all and they can be pretty slow to ship. If you were to factor in the difficulty, you probably would have a hard time trying to get ROI from that. They generate loads of heat too. Mining is pretty much only for the big players who can afford to have big farms of ASICs and get them at a discount.

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Michellekking
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March 16, 2018, 04:46:10 PM
 #503

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 now mining bitcoin can still get a lot of first, but investment in mining the bitcoin is a tedious and slow process, in a short time, it's hard to get a lot of returns, you need a long wait
coinminerdotcom
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March 16, 2018, 07:23:26 PM
 #504

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.

Honestly it varies on what your initial investments allow because both are great at this time. Now is the best time to buy coin because it's so low. It's a great time to buy a miner because miners are cheap currently. When BTC skyrocketed to 15-20k miners tripled in price. So if you are looking for a longterm investment and can afford a miner, buy a miner. If you don't have as much to invest at this time, day trade.

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icemantaurus
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March 17, 2018, 02:43:30 AM
 #505

Mining in these days is not profitable as years ago. Today your revenue will go down the drain, it's because of the maintenance of your rig.  As of now it's better to buy BTC since the price is still low rather grab this chance.
ToyotaFortuner
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March 17, 2018, 03:03:34 AM
 #506

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 not suitable for trading and are easily affected and can not see the market conditions and understand the market movement then you should just mining but mining the results are not too big for now because the difficulty level is very difficult to find a good point.
johnine
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March 17, 2018, 03:11:38 AM
 #507

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 will cost you a lot, buying hardware, software, electric bill, and also consume your time watching your pc to mine. So I'd prefer buying bitcoin, and wait for the good price before selling it. it's a good idea to buy bitcoin right now while the price is still low, grab the chance.
serferbali
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March 17, 2018, 03:12:31 AM
 #508

Mining and investing will both make you earn bitcoins.
And the best thing to do is to start investing and learn how to trade.
Trading is one of the source of success of every person who joins trading because the market is like a game. You need to have a good strategy and predictions to earn more profit.
faranisa
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March 17, 2018, 03:42:53 AM
 #509

I have never done mining. But I heard it requires a miner's tool that cost a fortune. Is it true? so far I prefer to buy. it's been quite profitable for me.
Jonsnowstark
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March 17, 2018, 04:02:59 AM
 #510

I suggest you invest money to buy bitcoin than mine it. Mining is a very complicated work and you need to set up a lot if system. You can be profitable in mining if the electricity in your area is cheap. For now, it was said that mining is just breakeven so really, you wont gain so much with it, now that bitcoin is down. If you buy bitcoin now, its cheap so this is the best time to buy

HellDiverUK
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March 17, 2018, 04:06:50 AM
 #511

I suggest you invest money to buy bitcoin than mine it. Mining is a very complicated work and you need to set up a lot if system. You can be profitable in mining if the electricity in your area is cheap. For now, it was said that mining is just breakeven so really, you wont gain so much with it, now that bitcoin is down. If you buy bitcoin now, its cheap so this is the best time to buy
Bitcoin minning does not need to be complicated if we do not understand. there is still bitcoin cloud minning to be the solution but the risk is also great. but this we can avoid by reading many reviews every cloudminning. but it is indeed advisable to buy bitcoin instead of having to minning
hakertajniak
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March 17, 2018, 07:23:50 AM
 #512

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.

you better buy some bitcoins now because the price is low currently before to late.
mining is okay, but you cannot sell it because the price is bad. i suggest you to buy the dips.

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catok sakti
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March 17, 2018, 07:33:07 AM
 #513

I would prefer buying than mining sir because it does not require a lot of your time and money because in mining you need to focus your time most likely everytime you need to stay tuned and be active on the internet while in buying you just to monitor the price you said it yourself the price surge if that would be case then isn't the appropriate time to buy bitcoin because you never know the price could surge again Smiley
I agree with you, I also prefer to buy rather than mine because the purchase does not require a lot of time to do so.
Df9898
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March 17, 2018, 07:41:34 AM
 #514

I think mining the same buy bitcoin it depends if the person has a lot of cash will buy a bitcoin tau will risk a loss or a profit when people who are afraid to pull out their money better mining but mining also need not cost a little bit.
ace9989
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March 18, 2018, 06:53:27 PM
 #515

It is more profitable on buying bitcoin and investing on it than mining where you will need a ton of cash just to set up your own mining rig. You will need a lot of GPU's that's too expensive nowadays plus the electricity bills that you will face when running it. A place that has a good air-condition because of the power and the heat that the gpu's in generating. And there are too many big companies that have many mining units today.
neo444
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March 18, 2018, 07:38:36 PM
 #516

I advice you to get BTC by buying because mining is not safe to get the profit who you want from it
zippolo
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March 18, 2018, 07:39:31 PM
 #517

I think now is the best time to buy. It was profitable earlier to mining it. Now it is not so convenient and profitable.
zippolo
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March 18, 2018, 07:40:34 PM
 #518

It is more profitable on buying bitcoin and investing on it than mining where you will need a ton of cash just to set up your own mining rig. You will need a lot of GPU's that's too expensive nowadays plus the electricity bills that you will face when running it. A place that has a good air-condition because of the power and the heat that the gpu's in generating. And there are too many big companies that have many mining units today.

Right. You will spend too much money building your own base. and you will pay for it for too long.
GreatOrchid
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March 18, 2018, 07:45:03 PM
 #519

Well.. it is not because it is "complicated", it is only because "mining" could be considered as a hobby instead of a main source of income or whatever, if you buy bitcoins, you can make quicker profit than if you setup your own farm.

I do not know, i prefer to buy and hold for some time instead of mining.

I suggest you invest money to buy bitcoin than mine it. Mining is a very complicated work and you need to set up a lot if system. You can be profitable in mining if the electricity in your area is cheap. For now, it was said that mining is just breakeven so really, you wont gain so much with it, now that bitcoin is down. If you buy bitcoin now, its cheap so this is the best time to buy
Txslady
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March 18, 2018, 10:24:17 PM
 #520

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.
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