Do you think it makes sense to get bitcoin? How exactly does mining take place?

[vladaziya4]

It has long been asking myself a question about this, but so many different assumptions that I can not find one of these true. I will listen to everyone. Thank you in advance.

[MadGamer]

I'm not sure I get the mining part but yes, it make a lot of sense to buy a coin (bitcoin in this case) that have a strong userbase, very decentralized, pretty much the ability to buy everything (through third parties if needed) etc. then buying altcoin then have no purpose.

[passioncrypto]

Bitcoin doubles every few months. Some authorities tell that Bitcoin will bit up to $100000 for 1 bitcoin. It depends fully on your strategy if you want to buy or not btc.

[tinyteapot]

It make a lot of sense to buy bitcoin because this is the most potential and valuable coin in crypto, bitcoin is the best crypto because it is the oldest and has gained alot of experience in the crypto market. You should buy the coin if you have spare cash and talking of mining, I believe if you do not have the idea, you shouldn't go into it.

[member@]

Sometimes it does make sens. if you’re investing for the long-term, I thinkl it’s a good move. There are some risks also, there is always risk in investments but you have to try at least.

[bontkoli01]

Btc mining is the process in which there is attaching of transaction records to Btc's public register of blockchain. The block chain works to confirm transactions to the rest of the network as having taken place.

[ABMARK]

Btc are mined in units that which is called "blocks. As far i know now the reward for completing a block is about 12.5 Btc. At today's price of about $10,000 per Btc, it means you'd earn(12.5 x 10,000)=$125,000

[Dr.2x]

action speaks louder than words, so if you analyzed the market properly then you will able to understand the importance and position of the bitcoin, I can't ensure you anything about the future but as per the present situation bitcoin progress is very satisfying but still the choice is yours where you want to invest your money

[bman01]

it make sense to buy btc in my opinion, because btc mostly remains all time high considering its history. Another is to invest in btc mining but don’t fall in trap with binary tree business model. It’ll haunt you in making members more than mining.

[WalkerIVIV]

It has long been asking myself a question about this, but so many different assumptions that I can not find one of these true. I will listen to everyone. Thank you in advance.

I guess it's too late for a new miner to be joined in the mining pool to mine the bitcoin. As per the difficulty increase and those people are unique in the bitcoin mining will be worthless if they are using a little rig to mine the bitcoin.

It may give them a little profit but think about how long you will get back your ROI.
It makes sense to get bitcoin when it was getting a red candle. To decrease your own risk by buying the bitcoin.

[joellogan]

I think we all are clearly conscious about the bitcoin place on the market, but recently people are also becoming interested about mining and it publicity is also increasing , so at the end the choice is yours where you feel comfortable to do business I hope you will choose it wisely.

[markluis]

When you think about the mining, then think about finding the resources of the soil. Bitcoin is not physically the same, but it is a bit like that. Bitcoin is the most profitable and safe.

[mostkey]

Bitcoin is the best investment so far, because in the next few years its value will be higher, the growth of people who hold so great over time, then this can be called a very lucrative investment, by buying directly than all the money used to buy Bitcoin mining equipment , with this condition most people are very complaining, their difficulties, income is not as good as the previous year and the cost is very expensive, not worth the effort and money they spend, it makes sense to buy Bitcoin at a fairly cheap price at this time.

[novy]

It doesn't make sense to mine bitcoin at home. The difficulty is so big.right now so you will not get rewards with gpu card anymore. You will have to buy a asic - special designed device for mining.  Better to buy BTC or to trade with bots.

[Lanatsa]

It has long been asking myself a question about this, but so many different assumptions that I can not find one of these true. I will listen to everyone. Thank you in advance.

Don't mind already when you do talk about bitcoin mining its much better to buy it rather than to mine it yet even miners now aren't profitable already even having lots of asic miners. How much more if you do only have one? unless if you do have free electricity on your place then it would be still a considerable thing to do but if it isn't then better don't bother yourself to engage with it.

[chokomenia]

I am not really familiar with bitcoin mining and I don't have the intention of mining bitcoin in the future, so i am comfortable with buy bitcoin and I will continue to buy and store more bitcoin,because in the future bitcoin price might increase more and more

[Disculinair]

People get bitcoin because it is the most reliable of the cryptocurrencies, not saying that it's price doesn't fluctuate, just the contrary, but it is the one that is able to make the most progression through the time, also it currently has an enormous popularity and user base.

[AllenTurner]

ETF hasn't yet approved but still, bitcoin has managed to reach 8,200$ up until now. l don't suggest you to start mining, it will take longer to earn, but do invest on Bitcoin. You can find millions of guide in the internet which are on mining BTC, if you are interested.

[listoncrypto]

Obviously, it makes a decent sense in getting BTC, other coins, ICO tokens or anything else in Crypto space. Cryptospace is evolving gradually. Cryptospace will be someday the most lovable hotcake of the world. Mining is not so easier for beginners but there are many things a beginner can do in Crypto space.

[Atrom_84]

Mining is one of the greatest way to earn bitcoin. But I think it’s costly. Last year I earn some by mining but it’s need some more cost for this.