Is it better to mine or buy Bitcoin?

[Colt81]

 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 think you can actually have both ways to be efficient depending on how you will do it and your background knowledge to both methods. If you prefer to mine and you are good at it, the expenses will really worth it. But most us rather buy bitcoin in its lowest possible price because it is easier. You should just be good at estimating so you can earn here in this business of bitcoin.

[haunguyen19995]

Buying bitcoin at this very good price because it is falling, waiting for high prices sold will be profitable.

[quirman77]

I personally think it's great to buy bitcoin. because at this time bitcoin prices are falling, it is very appropriate to invest, rather than making the mining equipment expensive and requires a large capital.

[letzdodiz]

Mining these days is not that good because what you mine is very nominal. So it is better to bitcoin since it is more profitable. However, the downside of buying bitcoin is when you buy it at a higher price and then the price of it goes too low.

[yaghoniyu]

 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 prefer to buy bitcoin., because mining is expensive equipment.

[Dark_raven007]

For me, it is better to buy it, and then invest somewhere, so that they work, multiply. Extraction is too expensive, as long as it pays off, much can change, for example, laws in the country you live in and so on.

[JoshMart]

I prefer buying Bitcoins than mining. Mining requires a lot of cost, time and effort. You need to buy and build equipment, maintain it, it will cost you more plus, you wait longer, in the long run, the profit will not be as worth it. When you have the moeny, just buy the coin HOLD for a while then sell in a much higher price for a great profit, you have more control on your actions.

[libert19]

None of it actually. It's better to buy good alt coins and then convert them to BTC.

[Jazvebtc18]

 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.

Definitely I agree with you. Buy and trading of bitcoin is much better than mining bitcoin.  Mining needs a lot of money to start and it is also consume a lot of electricity. You can only gain small profit in mining. While in bitcoin you can start at a low money you have. You can buy altcoins and trade it. Even bitcoin now is at low price. Altcoins also adjust at low price. Return of investment in your bitcoin is at high profit.

[weblouartisan]

 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.

In my own opinion, mining and investing is not the same because they are not the same way of earning cryptocurrency but they are common in the way that you need to have capital. Mining will be only profitable if your area has a low amount of electricity consumption, while investing will give you a huge amount of profit depending on the growth of your coin.

[brylle34]

 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.

exactly and it depends on the location, if your in a tropical country its hard to invest on mining because you will need a cool place to avoid overheat, it will cost a lot and you need a big investment overtime if you will mine and you have a good location i recommend you to mine altcoins its easier to mine rather than bitcoin. It is also much easier to buy while the value is cheap and sell when the value hits your desired profit for 10% to 30% or even higher it depends on you.

[lodi123]

 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 me I'll rather own for bitcoin because I know in my self that I can do of having a bitcoin too

[neoandtrinity]

That's right, I think if you want an immediate winner than I’d definitely go with buying Bitcoins instead of mining them,  mining them becomes very difficult.

[thundercrystal]

Its better to mine if youre sure that you can generate profit from it.Considering the electricty,internet and maintenance cost of your mining rigs,nowadays the difficulty on mining bitcoins is so low that you cant even profit from it.So buying bitcoins and going to trading will really help you out

I think mining bitcoin is really okay but not all people here in crypto world can mine because it is not easy to mine, and it requires many things, so i just prefer to buy bitcoin when the prices will be very low, and i will hold it for long time before i sell it. So i can make more profit with bitcoin.

[mustafizur8400]

To me Mining is tougher than buying. It requires installation of highly configured PC with super fast net connection along with a big investment in your chosen coins. Whereas you can earn profit by buying coins and trading regularly.

[edsnowangel]

Its better to mine if youre sure that you can generate profit from it.Considering the electricty,internet and maintenance cost of your mining rigs,nowadays the difficulty on mining bitcoins is so low that you cant even profit from it.So buying bitcoins and going to trading will really help you out

I think mining bitcoin is really okay but not all people here in crypto world can mine because it is not easy to mine, and it requires many things, so i just prefer to buy bitcoin when the prices will be very low, and i will hold it for long time before i sell it. So i can make more profit with bitcoin.

if you want to mine bitcoin consider the following things;
1. investment
2. knowledge
3. power/electricity
4. profitability
5. location

if you don't consider that things in mining you will loose a lot of money you will not profit.

[JaxxBoll]

Currently we have to spend a considerable amount of capital to be able to exploit bitcoin. And the cost to operate is quite high. So to invest in mining I do not like . I think you should find out how you can invest is more reasonable.

[Bitfling]

 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.

Every people have different perspective about mining or buying bitcoin. Both have advantages and disandvantages. For me, I am better buying bitcoin in market because i dont have good equipment to mining bitcoin and anyone have their own reason why they mining or buying

[crocozino]

unless you have a huge farm full of asics i'm affraid you can't mine bitcoin in a good numbers..
so the only way is to buy bitcoin.. form exchanges. I think that current pump soon will be over and bitcoin will continue to decline and so there will be a possibility too buy bitcoin at 5000-5500 range..

[Burogh]

unless you have a huge farm full of asics i'm affraid you can't mine bitcoin in a good numbers..
so the only way is to buy bitcoin.. form exchanges. I think that current pump soon will be over and bitcoin will continue to decline and so there will be a possibility too buy bitcoin at 5000-5500 range..

Needs expensive equipment to mine bitcoin. From my friends told me, mining bitcoin right now can give profits if bitcoin price above $8000 because electricity cost monthly very expensive. So I am better buying bitcoin on exchanger