Is it better to mine or buy Bitcoin?

[BitcoinFotw]

Bitcoin has gotten so expensive to mine that if you do not have a significant amount of money to put into bitcoin mining then you will not make any profit due to high cost of operation so I think it is just better and easier to buy.

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[cech makey1]

I think that it will be more expensive to procure than to buy because it will require high-output graphics cards that are very expensive now

[IsabelCornd]

Not sure that mining bitcoin nowadays is profitable. We have big problems with hashing power in the world and better to buy bitcoin and leanr how to trade probably.

[Yatsan]

 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.

That's indeed the problem so I really do think that bitcoin investment is a much more efficient way to earn Bitcoin that mining. In mining you will need to have expensive equipments or computer amd in addition with that is the electricity bill and interner bill. It will be surely costy and that is where problem would be generated from. Also read more informations about it if you are really interested into mining.

[Bagaji]

 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.

Well all depends on who you ask this question because both of them are good way of making money but to me trading Bitcoin is more or less better and less expensive as compared mining Bitcoin as one need to buy all the necessary equipment for mining.

[MFY151]

 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.

As based on what you pointed out it is easy to conclude that it is much better to buy bitcoin instead of mining it specially now that the graphic cards for mining bitcoin increases tremendously though with a proper miner will guarantee you to earn passively its cost defeats its purpose plus the risks of volatility may affect your estimated date of your return of investment.

[aquantivis86]

well do you already have the equipment? if so then don't mine if i do. hopefully nothing breaks and is expensive to replace. as far as investing in a ton of new gear to do it on. probably best not to.

[buhna]

It is depend on when you want to have profit. If you want it fast - buy bitcoins. If you can wait - buy mining pool. It will give you profit after year and than will be free for you.

[12tribes]

The solution is relatively a disposition and location one. If you live in China or other developed country where energy is relatively cheap and data is readily available, then mining is cheaper and better. However, if the above conditions is not the case then buying may be the better option.

[matedrink24]

It is depend on when you want to have profit. If you want it fast - buy bitcoins. If you can wait - buy mining pool. It will give you profit after year and than will be free for you.

Yeah, but fast Bitcoin is not good Bitcoin at all because you won't earn no more Bitcoin from that unless you're investing them or using them to trade for making profits.
But with mining, actually you just need to pay the electricity to let it work and it will mine the Bitcoin for you all the time unless you're not plugging them in.

[qtronix]

I think you are right, and it is better not to bother with the equipment and immediately buy bitcoin and keep it safe. I did just that.

[Dondisimo]

I preferred buying bitcoin a few years ago, and even now I would not agree to mining. It is expensive, very expensive, and not easy to find equipment. Buying bitcoin is much easier.

[Ishiro5]

I personally think this question has a lot of analysis to be done and there cannot be a straight yes or no. Mining bitcoin among others depends on your environment, electricity availability and the cost in your area as well as a good projection for recouping your investment and running costs. If you do not have time for all these stress and it simply wont pay you after your analysis, please buy the bitcoin you can affrod.

[wilburwilbur]

Mining bitcoin is only profitable if the expenes will be recovered in a short period of time . Use cost analysis
The most expensive input in mining bitcoin is the electricity so check it
But personally i will not hassle myself buy buyig materials, computing the cost and set upping rigs etc.
I will buy bitcoin and do something abouy it to grow period

[Ocha1802]

it's better to buy bitcoin because you can make money faster, by buying bitcoin when the price drops again and selling it back when the bitcoin price is going up high

[Tang lancip]

I think it's better to buy from mining. at the beginning of the Bitcoin game, which can be accessed newly using their computer's CPU. As more people start to mine, it's harder to find new blocks for the most cost-effective method of finding new ones.