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

[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?

[q835197677]

The cost of the mine is much larger than the bitcoin purchase, and you have to consider the loss of the graphics card and CPU, and the problem of sudden power failure. So, for my money, I like to buy bitcoin directly.

[Andre_Goldman]

I would like to mining on hardware that I already have and working just fine ... but I guess the only coin I can mine with it is testnet coins ...

[Andre_Goldman]

My recommendation is going to buy a Zimbabwe money note with a price about 10-20 usd. You will be soon get reward and able to sell it at 1 million GBP per note.
More information go to https://angelteam.wordpress.com (No commercial, just pure information)

My lucky bank note is this one

[jseverson]

Mining rigs require a lot of research and investment. You're much better off buying and HODLing Bitcoin if you don't know exactly what you're doing.

Most people assume that mining is as simple as getting a rig and churning out huge profits. That's not always the case. You have to consider your electricity costs and various other factors. You could very well end up operating at a loss.

[Raigeki.]

The cost of the mine is much larger than the bitcoin purchase, and you have to consider the loss of the graphics card and CPU, and the problem of sudden power failure. So, for my money, I like to buy bitcoin directly.

Yeah i agree, before it is ideal to just setup a mining rig for it cost not that much but since it’s price pumps up too, considering the wear and tear of the cpu/unit/processor etc. it is advisable nowadays to just buy directly.

[BossMacko]

I do not prefer mining this time but this is the right time to buy Bitcoin why? It is because Bitcoin price is fall from 7k$ to 5.5k$ and if my experience in Bitcoin will prove me right sooner or later Bitcoin price will exceed 7k$ USD and if you happen to buy Bitcoin now at 5.5k$+ then you'll profit 1.5k$+ instantly.

[timikulit]

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?

Bitcoin mining is profitable as long as you have high capital, cold environment for rigs and cheap electricity.

If you dont have these then i suggest you to buy bitcoin at  a lowest price possible

[Raigeki.]

I would like to mining on hardware that I already have and working just fine ... but I guess the only coin I can mine with it is testnet coins ...

Ok, i think if you already have this mining/hardware before the price kicks it is good. You can always use that until its lifespan and as long as you benefit from it. BTW im a newbie, what is this tesnet coins?

[CryptoBry]

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 would say that you can do both, that is if you have the necessary funds to do so. Investing in mining equipment can mean a big money so the next choice would be buying Bitcoin especially that it is in the big dip right now...you can buy it cheap and then experience some profits when it would be back surging in soon. You can save money to get into mining business so it depends to you really which can make you happy and hopefully profitable in the long run. Good luck!

[pooya87]

buying is the easiest thing to do, it is also the most profitable thing to do, and also safest thing to do!

right now bitcoin is in a dip which makes it a good opportunity to buy it, you will make a lot more profit that way and you will never have to worry about costs of mining, the difficulty going up, your investment giving you less profit, .... when buying you can always sell fast if you see any kind of drop or something but in mining you can't sell your equipment if it stopped being profitable and turning it off is like wasting money.

with that said mining can be a good and kind of a passive income too. but only if you have cheap electricity and know what to do. for example in case of altcoin mining you may have to switch between coins a lot to keep it profitable.

[Keeping Up]

For me it is better to just directly purchase bitcoin rather than mining for it.
This is especially applicable if you are just one individual who will do it.  You simply cannot compete with the genesis mining worldwide.
Better but it.

[jameskarl]

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 buy bitcoin then i play in gambling with investment site to profit and earn and i get trading also.

[KingOfWinterfell01]

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.

[SMB-2525]

If you happen to have some BCH sitting around from the hard fork, then the cost of Bitmain rigs just got a lot cheaper.
Assuming they let my order stand, I ordered an Antminer L3+ for 1.4 BCH
This youtube video has a good overview of how you can use it to mine.
In particular, there is a pool that switches between coins to get the best return
https://www.youtube.com/watch?v=eTwk3zHkCqI

As others say, cheap electricity is key.
In my case, it is included in my association fee, but I can only run one rig.

Keep in mind that these rigs are loud. An L3+ is 70DB

[Raigeki.]

I do not prefer mining this time but this is the right time to buy Bitcoin why? It is because Bitcoin price is fall from 7k$ to 5.5k$ and if my experience in Bitcoin will prove me right sooner or later Bitcoin price will exceed 7k$ USD and if you happen to buy Bitcoin now at 5.5k$+ then you'll profit 1.5k$+ instantly.

It may be on its dip today.. but as we look on to its history on its ups and downs the overall thread is only upward....

[Desscount]

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?

investing in bitcoin simply takes time and so does altcoin. the right choice is to trade. I think that's the best thing at the moment. and I did that

[Unilevear]

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, there is a lot of things to consider if you are mining bitcoin like electricity, time and maintenance, device cost and hash rate. If you can afford these things then you can try mining but it is really hard to do so and it also depends on the country you live in. Some country's electricity cost is low and some are very costly. I would suggest to you that you think about these things but for me honestly, I much prefer buying bitcoin than mining.

[crypto4lambo]

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.

[miyaka26]

If the electricity in your place is cheap i would definitely go for mining rigs that's more profitable than buying bitcoin if you have that upper hand the only problem you need to face is the setup and the crypto that your going to mine because you can't mine btc on rigs these days so you need to study first what is the coin that's have a potential for my mining and your money for setup, if the electricity is so expensive i would recommend to go for investing in bitcoin that is the safe play, you can also consider investing your money on other altcoins.