Is it better to mine or buy Bitcoin?

[castellodocet]

Mining is very expensive, you must pay for power, buy and upgrade your machine, it's always better to buy I think, if you don't have those requirements

[Melon12]

For me it's  better to mine than to buy,as long as you can work in mining you can get bitcoin,but if you have many to buy you can buy if you like.

[DoublerHunter]

 I think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course, it consumes a lot of electricity monthly. Also, it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

If I personally better buy Bitcoin. After buying Bitcoin I will follow Trading. Because Trading is more profitable and less costly than Mining.

for me it is better to buy bitcoin also rather than do mining if you don't have any experience in mining before. if you have the money, just invest in bitcoin.

That is right that we should just buy bitcoin rather than mining because if we will mine bitcoin then it will require a lot of money and you need to wait for a very long time in order to get a lot of bitcoins in your wallet while if you just buy at the low price then you will be getting more bitcoin rather than the possible amount of bitcoin that you can mine.

[reboot24]

Is it better to mine or buy Bitcoin?
If you have the following advantages then it may be feasible to go into bitcoin mining.

Free or near-free electricity
Cool climate
Millions $USD in capital
Technical expertise
First access to the latest ASICs
If not, you are almost certainly better off just buying and holding BTC. If you are interested in mining cryptocurrencies, I would suggest you buy a GPU rig and mine altcoins. Most of them can be mined using GPU and you can mine whichever coin is the most profitable at the moment.

[LetsTalkMoneyxD]

Both are better if you have the might to do them together.For mining,its true it involves the purchase of expensive equipment and the consumption of electricity,but as time goes on,those expenses will gradually be covered and you start earning profit...

[WesternCowboyBibop]

I think buy bitcoin is better then mine.Bitcoin is most powerful cryptocurrency.If any one want to invest his/her money i suggest to buy bitcoin now because it is the time to bye bitcoin.

[jhonycrypto]

right now its goog idea  to mine, but if you have a lot of money to buy bitcoin then  also you can buy some for the future and hold them up to the high price.

[Kadal Ijo]

 I think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course, it consumes a lot of electricity monthly. Also, it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

If I personally better buy Bitcoin. After buying Bitcoin I will follow Trading. Because Trading is more profitable and less costly than Mining.

Trading is profitable, but we should never expect to get profit, there are risks in trading so it can make all the money lost, do not put all the money in trading, we should keep some of it.

[safarabela]

 i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

I'd rather buy bitcoin because it could be an investment and I think it's more profitable. To mine bitcoin we need a very expensive tool as well as high electricity costs.

[ityandsyn]

 i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

        I will say both mining and buying of bitcoin are good but the question is, which is the best of this two, and I'll go for buying even I need a large amount of capital to have more btc because for me it is easy to manage which to hold and waiting for the peak price then sell it all, rather than to manage a mining equipment like sophisticated computers, it is very hard to maintain all these things.

[hybridmedia]

For me i am a full time office worker now, so i cant afford time to mine and so for me buying is best

[Cryptoproff]

we can choose between buying or mining bitcoin. if we have a lot of money and unlimited we can buy tools to mine and can produce coins without having to think about prices in the market.

[Creepings]

I personally believe its better to buy Bitcoin at this time.

I do agree that buying Bitcoin at this time is better than mining Bitcoin but the dump will not always happen and if the price pumps, the time for buying Bitcoin will end. In case of mining, whether the price dumps or pumps, you are still earning Bitcoin and it will last as long as you are mining Bitcoin. The profit may not be that quick but it is better than buying bitcoin in the long run.

[pri3oner]

Bro, even that u started this topic on 2nd of Feb was meant to be late to answer this question cos mining of BTC become wayyy more expensive than buy it. Moreover, it takes time.

[Klintiv]

if you want to get bitcoin quickly, it is best to buy it by investing money in it

[Dinsdendo]

buying bitcoin can be beneficial but there are risks that you will not earn if bitcoin falls in price

[bitcoinskyrocket09]

For me just have btc mining, i prefer that because that is more lot easier than buying bitcoin and seeing that you are giving the money and that is very difficult, to buy btc is very hard for everyone that has only low and not as large income. So for me just spend money at first and buy items used for mining. Just choose btc mining.

[zhangxie29152784]

 i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Mining requires expensive hardware, although it can provide you with a steady income every day, but it takes nearly a year before you can get a return on your investment.

I think the method of trading can be risky, but if you can do it the right way, earning interest on bitcoin is a good way to get bitcoin.

[Getmon]

 i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

During the bear season, it is better to just hodl Bitcoin rather than mining them. Mining costs a lot. To start with, you need to buy those expensive and latest rigs, and then set them up in a place that is really conducive and cool. From there, you will have to pay a huge electric bill regularly. But then, the price of Bitcoin is very cheap. Either you gain a relatively small income or break-even. But during the bullish months, mining is so worth it. But you may also do the two at the same time if you have the resources.

[UnlimitedMoneymaker]

If you aren't bitman or any other big company then mining bitcoin will be unprofitable for you. But if you mean other cryptocurrency like ethereum then it depends on your strategy. But I prefer buy cryptocurrency not that stuff that heat my apartment and broken from time to time. I think buy and hold for a regular people is much more useful option. If you making big business and utilise that heat or and other product from mining than it can be good idea, otherwise it is not.