Is it better to mine or buy Bitcoin?

[QN2018]

 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.

[TeraBitHoven]

 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 agree, but buying bitcoin has also a risk especially now that its dropping. You can mine without such expensive mining equipment but you are right about it being less profitable. You should choose wisely when taking a risk on bitcoin because it is decentralize and volatile.

[bitcoinewman]

It is better to buy bitcoin it is more profitable

[Hexah]

Both are better in their own ways if only you have a capital to invest to buy/hold some bitcoins or buy some equipment to mine some bitcoin. Nowadays, if you mine bitcoin it wouldn't be just as profitable like before since the difficulty get larger and cost to electricity for some ASIC miner is huge to accommodate. I think those profitable of bitcoin are those who has farms of their own or those who has low cost of electricity regions. Better if you have small capital to buy right now since bitcoin is in dip then hold it on what objective you do want to sell it.

[Ozan9]

Buying Bitcoin at this time is a more sensible move than mining because Bitcoin's value is down.

[12tribes]

To mine Bitcoin now,, you would need GPUs and ASICs and a modern rig which overall is expensive to get and you need electricity to keep. Because the prices of bitcoin has grossly fallen, buying now is the wise thing to do.

[Pan Troglodytes]

Almost all bitcoin I have was mined, and I certainly don't think it was a wrong decision. If I had decided to buy it, for the same money I would have had larger holdings, that is true. But the things I learnt in a process of mining - well, this is something priceless.

If I were to make that decision again, it would be the same.

[fabskie21]

 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.

You basically right. You must acquire a good mining rig if you want to prosper in mining.  But by looking at the current situation,  it is best to  invest in bitcoin now and take advantage of this big drop. You will definitely get the best out of this.

[Xzhyte]

Mining requires an expensive hardware, though it can give you a steady income everyday it will take almost a year before you have your ROI. For me, its better to invest in buying bitcoin than buying a mining rig, because it can givr us a better profit and you can also use it on trading or buying some altcoins to maximize your income.

[mmfiore]

Unless your electricty is dirt cheap or/and you're planning to do it on a large scale : Forget about mining Bitcoin . 

Buying Bitcoin can be profitable but it's a gamble. Specially at the moment .

[urosan]

I would say buying is better if you have time, knowledge and will to trade for max profit.
If u don't have that and you would like to accumulate btc or some other mining alts and not to worry about daily market than mine. Buy good rigs/miners, plug them in and let them do the job.

Overall buying/trading i believe give you more profit.

[hercules006]

If youre going to buy btc, buy the dip, buy now while it is crashing. Thats the good entry point

[Julunguul]

 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.

for starter pack, just use what you have and what you can done right now, i think if you good at it, profit will come to you, you can join for airdrop or bounty, trading is good to if you only have a bunch of bucks, but you maybe also consider for free btc by go to more deep in this forum  

[TheySeeMeHodlingTheyHatin]

Thanks for creating an amazing thread about a subject that has NEVER EVER in the history of this forum been discussed before !

im sure there are 0 threads about buying x mining in this forum !

so thank you very much for starting this essential thread.. very creative and a need for this forum !

[Raone]

Bitcoin mining is difficult and expensive, you have to invest a reasonable amount of money. Buying bitcoin would be better.

[suvo05]

In case you are looking for a quick action then you have to buy, If you want to accumulate bitcoin only by mining then you have to first invest for buying a rig or miner, then depending upon your miner you can mine bitcoin (a part of that is the electricity cost). So accumulation by mining could be long process.

[Vin183~]

yes may be true because the price is down and I'm sure the future will be good again.

[AlenDel]

Hello! It's about buying or extracting bitcoins, for example, I'm considering the idea of ICO, this is a true long-term project, but if you approach the matter thoroughly, you can choose an excellent project that will give out at least 300% of the profit when you leave the tokens on the exchange. And here is one of them https://izx.io/

[Alok_Yadav]

Mining is not much profitable on small scale. If you have huge amount to invest then go for mining. Otherwise consider investing in btc.

[a4techer]

 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.

It depends on the situation if you can afford the hardware for mining its better because you are earning without doing just your hardware was working and earning for you but the risky here was the maintenance if your device or your hardware. Buying bitcoin just like investment or trading was also better but also risky because of not stable value of bitcoin.