Investing in Bitcoin.. or mining bitcoin?

[dandreark1]

I do consider this a general discussion but if it needs to be moved, I apologize.

I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.

Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.

WHERE do you all consider the gains are.

[Chris314]

Depends on your time and skills I would say. Mining don't ask so much time as it runs one once set up. But you have to invest and won't get back your investment immediately, according bitcoin price will continue to raise.
À portfolio can ask for more time and skills, especially if you want to trade. But your investment is always here and available if you need it.

[lucifochrome]

In my opinion, if you wanted to mine bitcoin with that equipment i think you are better off with diversifying your portfolio, Reason why i said this is because as bitcoin's price gets higher i am assuming that mining will be much harder so that being said, A6' or S7's will not produce enough hash for you to make profit. I think you will just break even, but if you have access to free electricity then i guess you will make profit with the kind of setup you want.

[rodskee]

Depends on your time and skills I would say. Mining don't ask so much time as it runs one once set up. But you have to invest and won't get back your investment immediately, according bitcoin price will continue to raise.
À portfolio can ask for more time and skills, especially if you want to trade. But your investment is always here and available if you need it.

i agree mining are long term retuern profit and need big capital to setting up the equipment but for me is profitable without any hushle, inveating in bitcoin are also nice idea's but you need to decide what kind of investing do you like, holding in long or invest in ICO"s project or in the trading all of this is profitable but need to need to carefull in trading have a risk, and ICO investing need to study and investigate the project it is legit not scam.

[dandreark1]

Depends on your time and skills I would say. Mining don't ask so much time as it runs one once set up. But you have to invest and won't get back your investment immediately, according bitcoin price will continue to raise.
À portfolio can ask for more time and skills, especially if you want to trade. But your investment is always here and available if you need it.

So basically your opinion is mining is a gamble while you have to one, wait on a return of your hardware, two, pray the price of the coin you're mining holds its value.

On the contrary, whereas if you invest and begin to lose in a CERTAIN area, you can sell and take minimal loss..

If you had the option to invest 15k in BTC mining equipment or 15k in a smart diversified portfolio (with minimal trading, if you're into trading)..what would you rather put you're money on?

[soham]

Considering the current difficulty level of bitcoin, the decision depends on the electricity cost in your area. If the electricity cost is very cheap in your area, I believe you can continue with the altcoin mining and later exchange it to bitcoin through an exchange. But if the electricity cost is on the higher side, it is better to invest in bitcoin and hold for long time. Considering the exponential growth that bitcoin has shown, Your return will also be huge. So I will recommend buying and holding bitcoin instead of mining at this point.

[dandreark1]

Depends on your time and skills I would say. Mining don't ask so much time as it runs one once set up. But you have to invest and won't get back your investment immediately, according bitcoin price will continue to raise.
À portfolio can ask for more time and skills, especially if you want to trade. But your investment is always here and available if you need it.

i agree mining are long term retuern profit and need big capital to setting up the equipment but for me is profitable without any hushle, inveating in bitcoin are also nice idea's but you need to decide what kind of investing do you like, holding in long or invest in ICO"s project or in the trading all of this is profitable but need to need to carefull in trading have a risk, and ICO investing need to study and investigate the project it is legit not scam.

Me personally, I research the dev teams tech, what they're about, why they're about it. What purpose it'll serve in the future.. and go in. And my portfolio's done extremely well because of it. I'm just curious peoples opinion this late in the game with such a high BTC price, whether dumping a ton of money into it, would be able to compete-- fuck it even break even, at this point.

[dandreark1]

Considering the current difficulty level of bitcoin, the decision depends on the electricity cost in your area. If the electricity cost is very cheap in your area, I believe you can continue with the altcoin mining and later exchange it to bitcoin through an exchange. But if the electricity cost is on the higher side, it is better to invest in bitcoin and hold for long time. Considering the exponential growth that bitcoin has shown, Your return will also be huge. So I will recommend buying and holding bitcoin instead of mining at this point.

I agree with you, I got out of alt coin mining merely because of electricity cost and found investing in the right options can have far higher benefit.

[Keptone]

I guess the topic writer here, has sufficient knowledge about mining...
I have just one little question, what is the latest mining machine, model and version?
What is it present cost?

Thanks

[josephpogi]

I do consider this a general discussion but if it needs to be moved, I apologize.

I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.

Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.

WHERE do you all consider the gains are.

This both is good  but its more risky in investing but you have invest your money  you will get huge of money someday but in mining you need money to buy anything to build a mining system in your computer but mining is the best for now because theres a lot of altcoin than bitcoins.

[Bagaji]

I do consider this a general discussion but if it needs to be moved, I apologize.

I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.

Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.

WHERE do you all consider the gains are.

I think that if i have such amount of money in my possession i will not invest in mining Bitcoin but i will rather invest in Bitcoin and altcoins by way of buying them and stored for a while pending when its value appreciate.

[Rana590]

You know better what kind of skills you have. If you have enough experience on investment you can go for it. It is profitable but it has a little risk to lose capital. Instead of investment, you can hold bitcoin.

[Memenya]

It is depending of your skill mate. I think invest is suggested because we can get quicker income and bigger.

[dandreark1]

I guess the topic writer here, has sufficient knowledge about mining...
I have just one little question, what is the latest mining machine, model and version?
What is it present cost?

Thanks

I'm not big into ASIC mining but I'd imagine most people go for L3+, S7's, or those A6 Avalon setups.
Take a look at bitmains website as well as parallelminer.com

https://www.parallelminer.com/product-category/asic-miner/

[dandreark1]

I do consider this a general discussion but if it needs to be moved, I apologize.

I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.

Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.

WHERE do you all consider the gains are.

This both is good  but its more risky in investing but you have invest your money  you will get huge of money someday but in mining you need money to buy anything to build a mining system in your computer but mining is the best for now because theres a lot of altcoin than bitcoins.

I disagree when you say its more risky to invest versus mining bitcoin..think about BTC hardware resell value. Think about how its the only coin with it's price on the moon right now, the potential it has to crash versus other new growing technologies- where theres room to grow and so much more room for gains compared to starting to mine btc at this point in time.

[dandreark1]

Side note - I'm a proponent to the investing side. That's where I believe the gains would be with a 15k investment VERSUS 15k in bitcoin mining hardware. This was all a hypothetical seeking everyone's opinion about bitcoin mining this late in the game.

[flippener]

I think it's both - investing to get more value from your BTC, mining to get more BTC.

[Tuare aget]

Bitcoin now difficult to mined. More difficult than before. So i will prefer to invest than mining..

[Choii]

I think it's both - investing to get more value from your BTC, mining to get more BTC.

Yes both are profitable when it comes to earn bitcoin, but for me i choose investment in bitcoin because even without do anything you can get/gain your profit rather than mining, that's my own opinion that's why i choose investment.

[ndoromas]

It depends on you, likes to bother yourself or not. Mining with its own troublesome equipment is a matter of care and maintenance costs, including hardware and software.
Also the problem with time, whether have a lot of time or not to do the routine maintenance.

Your experience says that there is a problem with electricity bills, if you have money, maybe buy a miner like Baikal Giant, which is very low electricity consumed.

Positive we can monitor what happens, income and so on, negatively we still have maintenace, electricity costs and maybe a wallet problem if suddenly our computer OS error or update suddenly.

It's a good idea to try cloud mining that offers a lifetime investment, eg genesis-mining, some time ago in the open again indent to invest for life.

Positive no need to trouble maintenance and electrical charges, the negative problem of our curiosity every day gets how much.

regards,
me

[piebeyb]

investing and mining both have risks of why to calculate profits whereas we know that whatever we do is not always profitable, go to think that there are risk factors in both

[pangolier]

I do consider this a general discussion but if it needs to be moved, I apologize.

I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.

Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.

WHERE do you all consider the gains are.

For me, just choose investing your money if your just for the profit and time free managing, but if your a miner before and you want to mine again then to do it because using that huge amount of money to start mining again is a big start to mine. Either of the two has its own positive outcomes and negative but if you know your doing well then nothing bad might happens.

[kevinZD]

I prefer to investing bitcoin than mining bitcoin, 'cuz if you invest bitcoin, your money will get rise  and you will earn and earn more money but i depends on the value of bitcoin and the mining bitcoin, you will gain money too but other said that if you'll join mining you need to turn on your computer continuosly , but other said too that it will damaging your computer. so I prefer investing bitcoin. I hope you too.

[Pixyoxx]

Mining would need a decent amount of investment or capital initially to start the task i.e. the equipments and a place. Investing directly into bitcoins on the other hand require just the capital that u may have needed otherwise or any surplus money residing with you.

Though mining may bring long term profit, it is quite cumbersome and hectic compared to just investing.

With the present graph, it is more likely to hit some new highs in coming days. So i think investing for now is a better option.

[pooya87]

i am not a miners but i am thinking about becoming one, so here is a thought that i would like to put out there:
you don't have to mine bitcoin to get bitcoin. you can still continue mining altcoins and get bitcoin by selling them. you see it is not about bitcoin rising itself it is about how much bitcoin you will gain by mining it directly and how much you will gain by mining an altcoin then selling it to get bitcoin.
i think the later is more profitable and also more importantly needs less investment. you can even do it with 1 GPU, it doesn't have to be a 6 GPU rig.

[sclmte]

Bitcoin now difficult to mined. More difficult than before. So i will prefer to invest than mining..

I prefer to invest in bitcoin rather than mining it. Because bitcoin mining requires high speed computers and efficient hardwares. And it is also time consuming. And besides, bitcoin is definitely easier to buy than mine it.

[daarul50]

Depending on your wishes. The difference is if the investment means your bitcoin balance will not move only the moving price. But, if you do mining means your balance will move (increase) and of course with a moving price as well. I would recommend if you have big capital better to do mining because the profit is higher than investment.

[chimcoin]

I think everything depend on choice. For me,Bitcoin mining requires high speed computers and efficient hardwares. Mostly it can cost from few hundred to thousand dollars. But If you have enough time and money to invest in Bitcoins then go for mining otherwise buying Bitcoins is more easy.

[Glorypaasa]

I do consider this a general discussion but if it needs to be moved, I apologize.

I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.

Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.

WHERE do you all consider the gains are.

its more good if youdo invest and mining because this both is so very profitable but i think it is more risky to invest than use mining because in in invest you need to be patient always to hold it but in mining all you need is computer and money to buy a system etc. to make mining in your pc.

[BrewMaster]

I sold my equipment merely because of electricity
[snip]
 Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup..

it will again come down to electricity. if you have cheap electricity then you will make profit and if not you will have a hard time depending on how expensive your bill is going to be.
besides with the huge bitcoin difficulty that we have, it is hard to get a good profit. some say altcoins give you more bitcoin when you dump the mined coins than bitcoin itself does.

[gilangIDR]

I would advise you to make an investment by trying trading, I think trading is the best way you can earn unlimited income. Meanwhile, if doing the mining then we are required to have the capital and buy some hardware mining, so if we do mining requires things to be prepared and much more specific. Trading is simpler and more profitable.

[Akash1243]

Well i would prefer investing in bitcoins rather than mining bitcoins as i heard that investing in more profitable than mining now as mining is becoming more and more difficult as bitcoins limit is closing in.But with investing there are risk whereas with mining all you have to do is buy the rig and patiently wait as the machine mines the bitcoins.Also if your electricity is cheap then mining can be quite a bit profitable.

[Kakmakr]

Investing in Bitcoin is a lot less effort. You do not have to worry about heat and equipment failure and the rising cost of electricity and power failures and such. You buy bitcoins, move it to cold storage and you are done. Would you have received 800% gain in your mining endeavour for a year, like Bitcoin owners received on their investment?

The small time operators cannot compete with the big mining farms. <Sometimes these big guys even cheat with things like ASICBoost and you only realize that when you are not making money>

[Catch-22]

I was interested in mining too but after carefully checking what the operation cost would be, I decided to start trading and invest in some good ICO. A set of friends are still interested so maybe I'll try and join. Still not giving up on mining.

[harrypotter1229]

Now the mining industry has not a few years ago, that time as long as the use of a personal computer can. Now it is a professional mining machine operation, and there is a team, and the low cost of electricity is also necessary. It's a very difficult feeling.

[Ararbermas]

It is depending of your skill mate. I think invest is suggested because we can get quicker income and bigger.

even you have skill and you dont have enough equipment its useless you cant earn much profit on it. Indeed you are wasting electricity and making a huge bills .  So im not agree to mining bitcoin even you have tools/equipment cause its to slow for earnings . Although Much better to invest if you want quicker income. . No electricity bills .

[Nawaytes]

I prefer invest and trade them, simple, easy and I don't need to think about other things like purchase CPU / GPU / VGA or other. Just doing some research about the price and news, sit on your seat and take some coffee with friends.
It's not about the price but the mining difficulty keep rising day by day, and you can't get bitcoin in big amount like a few years ago.

[roddy5]

Unless you are good in trading. I prefer mining bitcoin, in doing this you will have a passive income and has a less risk than trading. Since bitcoin's price is going high your electricity cost will be less in terms of bitcoin and since the amount of bitcoin that you are getting each day is almost constant you will have a higher profit in terms of $.

[ipanks]

Unless you are good in trading. I prefer mining bitcoin, in doing this you will have a passive income and has a less risk than trading. Since bitcoin's price is going high your electricity cost will be less in terms of bitcoin and since the amount of bitcoin that you are getting each day is almost constant you will have a higher profit in terms of $.

maybe before he decides to mining, he can calculate the electricity cost so he knows how much fee that he should pay in monthly. I don't think that mining bitcoin is a good idea especially if in his country, the electricity fee is higher. the difficulty of bitcoin will increase and without using the high end hardware, he cannot earn much of satoshi and he cannot make a profit.

maybe investing is the right choice for him and if he can learn about trading, then he can make a lot of profit from trading. every decision he makes will affect his life and its better to think twice about the good decision.

[BettingTips]

I think investing in Bitcoin is better than mining Bitcoin at the moment. At the moment when mining difficulty of Bitcoin is too high and electric cost is not low as before I think mining Bitcoin is not a good idea and it'll take double time than before to take all the money you invested to buy Bitcoin miners back. But with investing it's more risky than mining but maybe you can double your capital in just a day and everything will be fine if you have enough skills and knowledge about investing in Bitcoin and cryptocurrency IMO

[dsouzac72]

I think it depend upon every individuals choice. Bitcoin mining requires high speed computers and efficient hardwares, equipments and a place. And it is also time consuming. And besides, bitcoin is definitely easier to buy than mine it. Whereas investing or trading in bitcoin is a bit risky as there are very high chances if losing the investment.

[dlhezter]

I do consider this a general discussion but if it needs to be moved, I apologize.

I was previously an alt coin miner for majority of the year. I had a decent sized operation yielding close to around 7-9 z-cash monthly. I sold my equipment merely because of electricity and truly believed with the right money in the right place, I could do fairly well in terms of gains..and I have so far. Nothing wild but, extremely fair.

Now my question is this, seeing this continuing rising bitcoin price.. exponentially rising btc price, ha. Would you consider it to be more or equally profitable to spend say, 10-15k on BTC mining equipment like A6 avalons or S7's and with a completely proper setup.. OR, research and diversify a strong portfolio with said 10-15k mentioned above.

WHERE do you all consider the gains are.

I consider the gains by choosing these "investing in btc". They are both profitable and have a extremely high risk but for me i prefer to choose investment, because in investement you didnt do anything, all you have to do is to wait the pump and gain profits while in mining you have to provide a very expensive mining equipment like A6 avalons or S7 to mine bitcoin or an altcoin, aside from that equipment, you have to pay your monthly electric bills including the high consume of that miner into your electric bill so where the gains in that? The very wise choice is to invest bitcoin rather than mining.

[Itsmylife]

For an investment, I would advise you invest in altcoins( choose coins has the high level on coinmarketcap.com) or coin of ICO programs ( as IOTA). Trading is the best way you can get more profit if you have strong psychology and ability to find information well.