Do you prefer to buy bitcoin or do bitcoin mining?

[TCW003]

Mining is not profitable now, miners are selling their mining rigs, because only big mining companies can mine Bitcoin now after the halving I prefer to buy bitcoin and saves me from the hustle of setting up and electricity cost, I think this is also the options of many people.

True, because without cheap electricity or good management of mining farms, it's more difficult to earn.
But if people still want to invest in bitcoin mining, there's also a smart way to make money/accumulate more bitcoins: buy machines and host them in a well-organized mining farm where provides a competitive electricity rate.

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[Renampun]

I don't have the knowledge to do mining so I choose to continue to buy Bitcoin...
once crossed my mind to have a cryptocurrency mining but I realize now I am just a housewife who is busy with her family, maybe if in the future my children have grown up, I will discuss with my husband to make cryptocurrency mining.

[TCW003]

I don't have the knowledge to do mining so I choose to continue to buy Bitcoin...
once crossed my mind to have a cryptocurrency mining but I realize now I am just a housewife who is busy with her family, maybe if in the future my children have grown up, I will discuss with my husband to make cryptocurrency mining.

This article https://medium.com/valarhash/mining-industry-4-0-dc5a4b31ba0f may give you some concept of crypto mining.

[Renampun]

...

This article https://medium.com/valarhash/mining-industry-4-0-dc5a4b31ba0f may give you some concept of crypto mining.

thank you for the reference article that you give... (・ε・｀)
maybe I will not start to build a mine in the near future but this will be very useful for me to discuss with my husband as our future plans.

[glowing10]

Mining is not profitable now, miners are selling their mining rigs, because only big mining companies can mine Bitcoin now after the halving I prefer to buy bitcoin and saves me from the hustle of setting up and electricity cost, I think this is also the options of many people.

At an individual level do not think mining is that profitable anymore. Instead buying is so much better as it is easy to buy/sell and exit anytime without any worries. Mining can involve lot of issues and you cannot make immediate profits as compared to trading with cryptos.

[TCW003]

Mining is not profitable now, miners are selling their mining rigs, because only big mining companies can mine Bitcoin now after the halving I prefer to buy bitcoin and saves me from the hustle of setting up and electricity cost, I think this is also the options of many people.

At an individual level do not think mining is that profitable anymore. Instead buying is so much better as it is easy to buy/sell and exit anytime without any worries. Mining can involve lot of issues and you cannot make immediate profits as compared to trading with cryptos.

www.1tmine.com where people can trade hashrates anytime. Buy/sell and exit mining anytime. When BTC price is up, it's a good chance to buy hashrates, when hashrates price is up, you can consider to sell them to earn the price difference. That's one of my strategies.

[TCW003]

Yearn.finance is crazy. Why the price can be so high at $ 33,000??

[Rana590]

Everyone can't earn bitcoin by mining. There are a lot of people who are not able to buy hardware and others things for mining but if he wants to buy a small amount, he can do it easily.

[TedMosby]

maybe I will state crypto in general, because I have experience in mining eth and other alts, but not bitcoin.
honestly, I am in lost in crypto mining.
I started mining since 2 years ago I think. I know I am late.
I lost my money and time. but I am an enthusiast who wants to learn.

Do you prefer to buy bitcoin or do bitcoin mining?
my answer depends on several conditions.
with this current market (crypto and computer) situation, I prefer to buy it. 


if you are an early adopter, or
if you have a cheap rig with high hash power, or
if you have cheap electricity.
maybe mining is your choice.

but, if you have no time to maintain your rig, or
if you don't have computer skills, or
if you want an instant process.
maybe buying crypto is your choice.

[ultrloa]

Everyone can't earn bitcoin by mining. There are a lot of people who are not able to buy hardware and others things for mining but if he wants to buy a small amount, he can do it easily.

Right, everyone can't afford to buy a high end rigs since not everyone have financial capacity to avail that and if they buy a low end rigs for sure its not worth it since the profit is so low and cannot be sustainable in the long run. That's why many buy bitcoin roll it on exchange and try to multiply it.

[TCW003]

maybe I will state crypto in general, because I have experience in mining eth and other alts, but not bitcoin.
honestly, I am in lost in crypto mining.
I started mining since 2 years ago I think. I know I am late.
I lost my money and time. but I am an enthusiast who wants to learn.

Do you prefer to buy bitcoin or do bitcoin mining?
my answer depends on several conditions.
with this current market (crypto and computer) situation, I prefer to buy it. 


if you are an early adopter, or
if you have a cheap rig with high hash power, or
if you have cheap electricity.
maybe mining is your choice.

but, if you have no time to maintain your rig, or
if you don't have computer skills, or
if you want an instant process.
maybe buying crypto is your choice.

I agree most of your points. But I do have a concern that you have big "chances" buy the bitcoin at a very high price and lose the trading profit. Well, if you are so lucky and buy at a lower price, then you have big chances to win. Camparison the buying, mining will be more stable to get the bitcoins with a low price, but time is consuming. You need to invest it in a long-term run, maybe 1 year, 2years.

[TCW003]

This is good news for the miners worldwide.

North America Own Bitmain Repair Center

https://www.verbolsa.com/en/newsa/news-102722-this-crypto-mining-operator-was-named-bitmain-s-sole-north-american-cooperative-repair-center

[Anyobsss]

Everyone can't earn bitcoin by mining. There are a lot of people who are not able to buy hardware and others things for mining but if he wants to buy a small amount, he can do it easily.

Right, everyone can't afford to buy a high end rigs since not everyone have financial capacity to avail that and if they buy a low end rigs for sure its not worth it since the profit is so low and cannot be sustainable in the long run. That's why many buy bitcoin roll it on exchange and try to multiply it.

This is also my thought. Not everyone can afford mining rigs cause they cost thousands. If i only had money i would definitely invest on doing mining instead of doing bounty here and doing services for bitcoin. Also, the cause of mining rigs isn't the only problem, Mining definitely would cost high electricity, so it's not really for everyone.

[ultrloa]

Everyone can't earn bitcoin by mining. There are a lot of people who are not able to buy hardware and others things for mining but if he wants to buy a small amount, he can do it easily.

Right, everyone can't afford to buy a high end rigs since not everyone have financial capacity to avail that and if they buy a low end rigs for sure its not worth it since the profit is so low and cannot be sustainable in the long run. That's why many buy bitcoin roll it on exchange and try to multiply it.

This is also my thought. Not everyone can afford mining rigs cause they cost thousands. If i only had money i would definitely invest on doing mining instead of doing bounty here and doing services for bitcoin. Also, the cause of mining rigs isn't the only problem, Mining definitely would cost high electricity, so it's not really for everyone.

But if you live on a country which have low electricity cost as well you have funds for the said operation then why not right? but the problem really here is those options is for rich people only and ordinary people options is to earn by various ways, we don't need to buy though since we can sell our services here to gain.

[Fivestar4everMVP]

On a normal circumstance, I will prefer to mine bitcoin over buying them, but then, the mining machines are cheap to buy cus i believe if it were, majority will mining bitcoin, so those of us that can't afford the mining machines and the expenses involved with it are subject to buying on the exchanges or earning them through bounty

[bitcoinisbest]

I prefer to buy itself as for mining it depends upon many factors where ROI is concerned and not feasible considering the electricity expense, equipment cost etc is all concerned. Instead buying bitcoin is much simpler and with some rise if I want to see it, I can do on immediate basis or require money urgently still can sell and get it but that is not the case with mining.

[Mahdirakib]

Looks like you did great with mining coin. But I will not choose bitcoin mining for myself. Cause for mining btc I need to buy hardware and mining needs a lot of electricity. Which will lead me to loss. I can buy whatever amount I wish and if I hold it for long it may give me good profit. Holding bitcoins is free of cost.