What do you prefer at this time, invest in mining rig or just buy bitcoin?

[VitKoyn]

We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?

If you only have average capital for investment you should not do Bitcoin mining because it requires high capacity mining hardwares that can compete with big mining company, low cost electricity and a lot of time to make a profit from it, it will also cost you big amount of money for regular maintenance and it will take long before you reach the return of investment (ROI). It is recommend that investors with small capital to just buy Bitcoin directly instead of mining it because it is more easier and more profitable, all you need to do is watch the price chart every once in a while.

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[Raigeki.]

I prefer to just buy bitcoin and hold in for long term. I think it is more profitable in the long run compare to assembling a mining rig not to mention you dont need to be charged high electricity cost due to high consume of mining rigs. Also mining bitcoin nowadays is not profitable as it is in the last few years. Its difficulty discouraged many aspiring miners to mine bitcoin. As for just buying bitcoin, you just need to spot a good entry point and you are good to go. Come back to it after a few years or you can add some monthly or occasionaly. You dont need to worry if it dips or some are panic selling because your main goal is to sell it after a few years.

Exactly, well said. If you are a miner already just continue but if you have the funds to set up a new mining rig , just buy bitcoin. Avoiding wear and tear of the hardware. If you gain in your mining it just a recovery of your rig👉

[Portia12]

We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?

for me if i have big budget ill go invest in mining industry because this is not a scam and easily to earn more money than risk your money in some sites that you dont know if its legit or not.

[ropyu1978]

We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?

I think it all depends on your knowledge limit. for those miners, obviously they would choose mining to get bitcoin pieces. but I personally prefer to trade. yes I think this is in accordance with what is someone's favorite.

[fanbeila]

I would just decide to buy a bitcoin and stay cool as its price has tremendously increased in the past months.Before investing in mining,we have to consider lots of factors.Main factor is that we have to ensure cheap electricity.Otherwise,it would be useless to buy an ASIC miner and mine.It would be a total waste of time otherwise.

[Captain Diabetes]

I have free electricity in my building where i live

but have no clue how to even begin to mine
I see some used rigs for sale on local forums

my only worry is the building where would it noticed that theres alot of eletricity consumption going on in my apartment ? lol

[Raigeki.]

We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?

Directly buy bitcoin instead. You don't have to worry about the PC parts, electricty, and high speed internet connection for that matter. On the plus side, you get more of what you paid for when you directly but bitcoins instead of mining them yourself. Mining would be more costly because of the little returns you get from it from time to time.

I agree with you, costs and effort is more on mining than buying bitcoin.. since the parts/hardware is high now, why not just invest it directly to bitcoin right?

[bobyhodob]

I prefer to buy bitcoin because I want to get a quick profit and buy bitcoin is simpler than investment in a mining rig. Besides mining rig I think it would be very difficult to mining bitcoin due to higher levels of difficulty will make you only get a slight advantage. But if you build mining rig for the mining altcoins I think you still can get a greater advantage.

[audrey12]

Mining is good but it is very costly and you need specialized stuff to become successful on it although bitcoin value drops so bad these past few weeks I would still recommend investing on bitcoin because it's still profitable in the future also bigger number of bitcoin is already in the circulation it would be very difficult to mine the remaining bitcoin and surely many will get it first before you.

[Sab11]

We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?

I prefer at this time is to buy btc to gain more profit for just short term, compare to mining rig its take alot of time to earn a profit, i think buying bitcoin is the best way to earn alot, just my opinion.

[irmasany]

We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?

everyone will be different. I prefer to invest, just hold it on the wallet.

there are times to trade and there are times only to be spectators.

[ranman09]

We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?

Directly buy for me. Well this all depends on several things. This is what I look into;

1. Electricity bills, if you're in a country where electricity is really cheap well you can consider.. If not, better invest than sorry.
2. Countries weather condition, well I think you know that mining creates too much heat.. so putting up one in a hot country will degrade the rigs more. Or will cost you much more electricity.
3. And you can google some more

Take also into account (though this Ive not yet calculated). Exchange rate in your county. this can help also I think.

[hasmukh_rawal]

Yes buying Bitcoin will be better than mining Bitcoin as the difficulty has raised very much and the competition has become very tough for mining BTC. Besides that it also takes a lot of hardwork to maintain the equipments and electricity cost just eats up the whole profit. On the other hand trading is a lot easire than mining. It would be easy to just buy BTC and hold it to gain profit.

[noorammak]

Bitcoin is fluctuating up again, and bitcoin cash is dropping, so this is the time we should buy bitcoin rather than mining bitcoin, because by using these fluctuation we can trade to earn profit and minimize risk, but using mining tools is still loosing profit because bitcoin they mined depends on the market.

[maydna]

We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?

i think i prefer to use the money to directly buy bitcoin because if you decide to mining bitcoin then you need to thinking about many things like how much your electricity cost in daily or monthly, what kind of hardware you want to use, the hardware needs to be maintain and we need to take care our hardware so it will work properly. the big important question is the electricity because this is the main thing that we must use to start mining so if you can not determine how much the price you should pay then you might not makes a good profit in the end.

[Shenzou]

Yes buying Bitcoin will be better than mining Bitcoin as the difficulty has raised very much and the competition has become very tough for mining BTC. Besides that it also takes a lot of hardwork to maintain the equipments and electricity cost just eats up the whole profit. On the other hand trading is a lot easire than mining. It would be easy to just buy BTC and hold it to gain profit.

I agree buying bitcoin and just holding it waiting for the price to go up to make profit is a lot easier than just having to worry about mining equipments and electricity usage, when it comes to mining you need not only a constant high flow of electricity but also you have to upgrade your equipment each time the difficulty of the bitcoin is scaled up, I am not saying that it is not profitable, in some areas where electricity is chep people can make a decent profit, but it is much harder and more complicated than just a simple buy and sell and requires a lot of planning and research.

[Cinemo]

We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?

I'm still a here so i dont know how to use mining yet but i prefer to use trade someday because as far as now im working in bounty campaign the it eill give me a soon if it success i dont want to buy bitcoin because theres a lot of campaign that will give btc if you work to them.

[TheUltraElite]

We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?

Buying a mining rig today is profitable if you mine some altcoin and then dump it in the exchange. Mining bitcoin is not profitable as it was like 5 years back and so I dont recommend it. Since bitcoin price has dipped it is a good time to buy bitcoin and hold it. BCH may be up but it is being pumped by the whales and it will soon crash.

I would just decide to buy a bitcoin and stay cool as its price has tremendously increased in the past months.Before investing in mining,we have to consider lots of factors.Main factor is that we have to ensure cheap electricity.Otherwise,it would be useless to buy an ASIC miner and mine.It would be a total waste of time otherwise.

Electricity may be cheap but the mining ROI also depends on other factors. There are countries where electricity is cheap but they are not flourishing in the mining industry- why? because setting up a mining farm and the engineering costs are too much for them to incur.

[gambitcoin53]

We know the setup for mining a bitcoin will cost you a lot now, so do you think instead of buying a setup just use the fund to directly buy bitcoin?

Yes use it in buying for now, mining setup will cost you a lot, the profit turnout takes some period of time like 6 to 8 mos. Your money will sleep and you are not sure if your mining will profit or not. Invest in buying instead, less hassle than maintaining mining btc.

[desanti]

if I think it's better to buy bitcoin, because to mine a bitcoin will cost a lot.
so I think it's better to buy Bitcoin directly, because the cost of the mine is much greater than the purchase of bitcoin.
so I prefer to buy bitcoin.