Bitcoin Mining vs Buying

[SUDARMONO]

Is it better to get BTC via mining or buying now?
It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now?
If yes, any suggestion? There are quite many cloud miner in the market.

[keyscore44]

Is it better to get BTC via mining or buying now?
It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now?
If yes, any suggestion? There are quite many cloud miner in the market.

I do not know where you have information that at the beginning of this year mining was unprofitable.. 
This is simple: When the BTC price is high, the profitability increases, when the price is low, the profitability is low, or you even lose on it. It mainly depends on the cost of electricity, but at the current price, the answer is simple - it is better to buy BTC than to mine.

[bettercrypto]

With the current price of bitcoin, I think mining is still profitable but not that high. However, buying bitcoin would be an additional investment option wherein profit will be achieved few months or few years from now. Currently bitcoin is around $3,250. At this very low price, there are some investors really on the buying mode already.

[franky1]

Is it better to get BTC via mining or buying now?
It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now?
If yes, any suggestion? There are quite many cloud miner in the market.

right now (doing the lengthy math) the cost of mining is a multiple of 104 of the amount of exahash mining.
so 32exa * 104 =3328
this 104 is based from maths of a s9 sold at $390, that is 1.3kwh with $0.05perkwh cost and is 14thash
if you want a easy multiple of the new s15.. that would be 117. but they are not out for delivery yet(deliveries begin in about a fortnight)

if the entire network was running s15 then the cost of mining at this weeks 32exa low, would be $3744

mining older hardware which you have already broken even in regards to hardware where you are now paying just electric
is 61.9x of exahash (based on $0.05/kwh)
meaning if you bought an old asic in late 2017 and got your $2k rewards after 5 months(i done that math too) and now just mining with electric as your cost
32*61.9=$1980.80

so s9 mining =104x of exahash
so s15 mining =117x of exahash
so electric only cost mining = 61.9x of exahash
use those numbers and you will have a quick and easy way to work out which is cheaper.. to buy or to mine

have a nice day

the reason i am using 104 as base cost. is that it is the cheapest hardware+electric majority.
those with earlier rigs that paid themselves off, most people use the hardware payoff to then buy new rigs so technically its not just pure electric as their hardware profit is respend and gone. so they are still in the loop of trying to recoup

[hadveach]

in my opinion, BTC mining is more profitable now, today there are many sales of BTC, especially when battle of hashes.

many BCHSV or BCHABC supporters sell their BTC assets to win the hash battle.

[kamBlanV]

mining will give us benefits quickly, such as trading too, but buying the same as investment, it is impossible for us to sell BTC immediately after buying in a short time.

but, we have to wait when BTC reaches the bull value.

[kvipcn]

Is it better to get BTC via mining or buying now?
It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now?
If yes, any suggestion? There are quite many cloud miner in the market.

Depending on how you understand the Bitcoin space, there are so many factors relating to whether you want to buy bitcoin or mine it.  With mining, you need to consider the cost of electricity in your country whether its cheap or expensive and also consider the cost of the hardware you need to start mining. Considering buying and hodling, you need to check the current and past trading trends to help you understand and know the possible market price you are likely to sell your Bitcoin in case you want to trade them in some months or years to come. With this, you can choose to mine or buy.

[ralle14]

Avoid cloud mining, if you do a quick search here in the forum and on google you'll find most of them are scams. If you're not ready to invest a lot of money buying Bitcoin is the best option. Mining only becomes a good option if you have a cheap electricity cost at your place.

Also, bitcoin mining is profitable from the start of 2018 until now you'd still see people continue mining. If it wasn't profitable for everyone we could've seen a bigger decrease on the hashrate.

[libert19]

I heard mining is no longer profitable, after massive decline in bitcoin price. If miners leave mining, Bitcoin mining difficulty will decrease, so things will eventually even.

[Pursuer]

it is never an easy statement of "it is better to mine bitcoin". you can't say that without specifying at least a dozen variables and only one of them is the bitcoin price of that time! for example an uncommon thing to consider is the fact that you don't have to reveal your identity and risk going to an exchange and get scammed just because you want to own bitcoin. when you mine it, you will be directly rewarded with fresh coins that you yourself produce.
and of course obviously it is always about bitcoin price, the electricity cost, labor, cooling, maintenance cost,... for instance if you have access to cheap electricity then it is ALWAYS better to mine bitcoin.

[dr.hopkins]

Mining is almost dead. At least, if you want to mine alone, then there is no point in it. Holding Bitcoin is a good idea, especially now that Bitcoin is at its lowest point.

[moynul2050]

Mining is getting harder because operational costs are increasingly expensive while the price of bitcoin is getting lower. Despite the price
  bitcoin is getting cheaper but there must be a positive issue so investors want to buy bitcoin.
both have a big risk, I prefer to wait for the best moment.

[killat]

In most cases, mining is no longer profitable at current price as energy is pretty expensive, mining difficulty has raised a lot in time (even if recently it got adjusted with ~15%) and you need to buy the most performant miners to make some profits, but their price is huge. (Few thousand $).

If you have no free/very cheap energy, a better option is to buy and hold. Current price for btc is very affordable comparing with few months ago and buying for holding long term seems to be the best option for now.

[joeperry]

Mining won't work now, as you can see the price of bitcoin crashes and no one of us know when it will going to come back. Mining requires a lot of energy and high end equipment that would fit to mine the Bitcoin the higher the equipments specs the higher the hashing rate and the higher the hashing rate the more bitcoin you've earned however the price of bitcoin is really far from the price of the equipment you're going to buy, the electricity you're going to pay.

So buying is the most fit for this kind of circumstances.

[btc-room101]

Is it better to get BTC via mining or buying now?
It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now?
If yes, any suggestion? There are quite many cloud miner in the market.

Mining at 0.10/kilowatt, essentially a dime per kwh will net your -$2 USD, .e.g. you lose two bucks a day when mining on an ANTMINER s-9, trouble is hardly nobody sells electricity that cheap, normal price is 0.15/kwh

Say you were a gold miner, if you can't get 2X of GOLD for expense then you close the mine, funny how the asshole here still with a straight face call it 'mining', when its in fact no longer profitable, and if it were 'mining', it would be 100% shutdown.

Now towards BUYING, that is a fools game, PAYING real money for random numbers was always a MORON-PLAY,

Mining back in the day, was ok, hell last year you could get 50 barrels of oil (value)  for 20 barrels of oil expended energy, say a 250% ROI, ok but now IT's GAME OVER as they say,

Lastly, everybody KNOWS that BTC is going back to $1k first, then $400, so why in the hell buy now, when you can wait, and accumulate later, just don't HODL, cuz the long term value is ZERO.

[BitcoinHodler]

if you can mine bitcoin then it is the easiest way of earning a passive income of bitcoin. but that requires some little amount of maintenance and also will only work if you have a lower tier electricity cost.
with the new developments you can also start running your full node and with lightning network gaining more popularity you can set an LN node and earn some fees through that too.

as for buying my preference is investing in bitcoin rather than trading it and i believe that is the best way of it. trading is best done with altcoins since their potential is only short term.

[kalstarzz]

I think mining now is no longer relevant, and it cannot provide an advantage anymore, and buying it is better, because it will be able to provide better benefits.

[gentlemand]

Cloud miners are almost all ponzi schemes.

Even if they did actually own machines, if professional industrial miners can't turn a profit with their vast economies of scale and special power deals how can someone who doesn't have any of that and has to make two profits, yours and theirs, do it?

As for going into real mining, here is something I have never seen written on here - I am so pleased I chose to spend all of my money on electricity, premises and mining machines instead of just buying BTC.

[Sethrey]

Is it better to get BTC via mining or buying now?
It was no longer profitable early this year for mining. However, with the recent price surge, does mining becomes profitable now?
If yes, any suggestion? There are quite many cloud miner in the market.

I don't think that mining is profitable now.. The electricity costs a lot and btc price is not really good now.
As for me I prefer investing. There's a good possibility for it now.

[jcpone]

Bitcoin mining is getting harder and harder as time goes by. Now considering the price of bitcoin at around $3,300, it makes bitcoin mining less profitable. The cost of mining, the difficulty of mining,  and the low price of bitcoin combined, looks not so profitable for small miners. So, probably it is time to shift to buying bitcoin and then hold.