mine a Bitcoin or buy a bitcoin？

[Selena-01]

In general, there are two ways to acquire bitcoins: buying them with real money or "mining" them. The process of mining is the process of acquiring bitcoin, and therefore mining is mining for coins.

So let's start with buying coins. Many people think that buying currency is like buying stocks. The threshold is low and anyone can buy it directly. In addition, they believe that the cost of buying coins is low, so they only need to pay the money to buy coins. But buying currency such as investing in stocks, the income is also big risk, you buy currency in the hand, the price of the currency rises you earn, the price of the currency falls you compensate. And the early need to do a lot of homework, which is similar to buying stocks, which requires you to understand the background of the investors all kinds of information, need to in-depth understanding of all kinds of basic information, according to their own cognition to make choices.

In fact, you can invest Bitcoin quantitatively every day. You only need to invest once to obtain long-term returns. As long as your machine is up and running, it generates a certain amount of bitcoins every day, and the benefits are endless. Acquiring bitcoins this way does not require you to watch the price every day, wait for the price to rise later, and directly trade in cash. Relatively speaking, cloud mining is the lowest cost.

Although the return of buying currency is high, the risk and return coexist, so investors also need to bear the risk of the currency price falling. And mining money is drought and flood guarantee. As an investor, we should take a long-term view of mining machine production.

[Stella Mese]

Of course, everyone's opinion is different, some want bitcoin from mining, some want bitcoin by buying. and both also have risks, but I myself prefer to buy to get bitcoin.

[mk4]

Relatively speaking, cloud mining is the lowest cost.

Lowest cost is definitely a huge positive but if you don't actually make money in the end anyway, what's the point? Cloud mining services are either a scam, or very unprofitable for the service subscriber.

[Darker45]

If what you are referring to mining here is cloud mining, which is how I understood it, never mind. Although I have heard of the likes of ViaBTC and NiceHash and Genesis and others and a handful are vouching them, the bottom line has always been that cloud mining is either (1) outright scam or Ponzi or (2) that it is not a good investment or (3) the terms and conditions of these cloud mining companies are obviously unfair which means everything is only advantageous to them and highly disadvantageous to their clients.

So if you want to get into Bitcoin mining by way of cloud mining, you'd better buy Bitcoin and HODL.

[traderethereum]

For now, mining bitcoin, even using hardware or cloud mining, is not recommended because the difficulty level of bitcoin is now very high and the latest hardware is needed to get a lot of rewards.
That's why it's better to buy bitcoin than mine because by buying bitcoin, we can immediately get bitcoin with varying prices.
Besides that, we don't need to spend much money and just wait for the price to increase again.
While waiting, we can also buy more bitcoins, especially if the price drops again.

[dimonstration]

Mining Bitcoin is the best if you have the capital and low cost electricity because you can earn more profit in $ compared on directly buying it using the money due to it’s long term return assuming that miner will not gonna broke early but if you have low capital and electricity cost is too high like in my country which is insane, Buying bitcoin is the best for all citizen here because buying mining rig and mining Bitcoin will put as in huge debt due to the expensive electric bill.

Cloud mining is the shittiest idea of investment to begin with because it’s return is very low and most of them is scam. There profit rate is almost same when you hold your fiat in the bank for interest.

[pooya87]

In general, there are two ways to acquire bitcoins: buying them with real money or "mining" them.

There are other ways too. Main way to acquire bitcoin is the same way as you acquire any other currency by working for it and getting paid in bitcoin! For example if you own a shop you can sell your goods/services for bitcoin.

As long as your machine is up and running, it generates a certain amount of bitcoins every day, and the benefits are endless. Acquiring bitcoins this way does not require you to watch the price every day, wait for the price to rise later, and directly trade in cash.

Mining has costs, you need to pay for the electricity and keep an eye on cooling the equipment. So you do need to worry about the price. It also means it heavily depends on the electricity price you are paying, if it is low then you can compete otherwise if your electricity costs a lot (like these days in EU) it is not possible to make a profit by mining and you're better off buying bitcoin.

Relatively speaking, cloud mining is the lowest cost.

Actually the cost of cloud mining is extremely high since the majority of them are scams or Ponzi schemes and will take your money and run.

[8rch7]

Mining bitcoin cloud gives us its own convenience, we get many advantages if we use cloud mining, one of the advantages we get is that we don't have to deal with excessive heat, we can also enjoy a quiet atmosphere because there is no fan that keeps buzzing around. to our ears, mining bitcoin is still a very good way to earn passive income for many people, if we buy bitcoin we will definitely need FIAT currency, and we also have to wait for the right time to buy bitcoin, so that we can make a profit in the future.

[Reatim]

Of course, everyone's opinion is different, some want bitcoin from mining, some want bitcoin by buying. and both also have risks, but I myself prefer to buy to get bitcoin.

well we can also earn by working here in forum or outside, as you have been wearing signature also and there are chance that your payment will be converted into bitcoin in the next days.
we all do this from Bounty payments to break and take bitcoin instead.

but also? i commonly buy bitcoin from my extra income and from my gambling wins .

also some of my friend  pays me using bitcoin in my product selling Online .

[Kakmakr]

I cannot believe people are still investing money into "Cloud mining" services, because most of them are just Ponzi Schemes.    A lot of people have burnt their fingers with these "Cloud mining" services, but they still invest in that nonsense.

If you want to work your way up to owning a bitcoin, you should rather buy small amounts on a regular basis, when the price is low. When the price increase.... sell for a profit and wait for the price to drop again.. then use that profit and buy more bitcoin. (before you know it, you will own a full bitcoin) 

Investing in ASICS (Hardware) to mine Bitcoin is not profitable for the small miners and the additional cost to run the miners make it even less profitable. 

[witcher_sense]

In general, there are two ways to acquire bitcoins: buying them with real money or "mining" them. The process of mining is the process of acquiring bitcoin, and therefore mining is mining for coins.

There are two ways to acquire bitcoin: either by "economic means" or "political means." Economic means include but are not limited to purchasing, earning, mining, donations, and other activities that involve mutually agreed, voluntary exchanges completely free of any coercion and aggression. Both purchasing and mining involve putting some effort in order to obtain desired currency in a peaceful manner. Both these activities can facilitate non-KYC acquisitions of bitcoin and therefore are of the same importance for people valuing their privacy. Political means, on the other hand, always involve aggression against other people and include but are not limited to confiscation, stealing, taxes, seizure, inflation, and any other activities that imply involuntary deprivation of funds and enrichment at the expense of others. If there is anything an honest bitcoiner must be squarely and totally against, it is the acquisition of bitcoin using aggressive political means that, more often than not, are being employed by the most powerful entities, which are governments. In other words, as long as the method you are obtaining bitcoin doesn't infringe on the private property rights of other people, you are doing it right. Both mining and buying are fine.

[Don Pedro Dinero]

I agree with the previous replies that for the average citizen the best thing to do is to buy bitcoin, full stop. Cloud mining is best forgotten, and for mining at home, being a private individual, unless you get the mining equipment for free and you have very cheap electricity, it won't be worth it either.

It's been a long time since you could mine bitcoin from home with a laptop.

[Mate2237]

Buying and mining bitcoin is all about base on the capital which the person has to start the investment. You know mining bitcoin needs more capital to start because you have to buy the machine and after buying machine you still need energy to power the machine before mining, buying bitcoin is much more easier to the bitcoiner. One can use any amount of money to buy bitcoin and stored it in the wallet to grow.

[Despairo]

Cloud mining is just an another way to trick newbies to make them sent their money to scammer, it's not actually mine and will work like their promise. Usually they will offer many plan with the different cost to bought a miner and how much the profit you got every month, they usually pay on time for 2-3 months, after that they will disappear.

The real mining is you bought the mining rigs e.g. ASIC miners by yourself and start mine from that, aside that you're not mine Bitcoin.

[Peanutswar]

If you have a budget to buy a lot of video card and other things needed to mine I guess it is good to mine because there's a chance you can earn more but of course it depends on the market price of the bitcoin and at the same time is the number of Bitcoin you can mine, but if you don't have you can buy a bitcoin into the different exchange and hold your assets and make a strategy of buying assets every dip.

[tranthidung]

In general, there are two ways to acquire bitcoins: buying them with real money or "mining" them.

If you are not whales, buying Bitcoin directly and hodl it, wait for profit is better than mining it.

Because if you want to mine it with ASICs, you must buy those devices, find electricity sources should be cheap, locations for your farms, etc. There will be more things for operations, maintenance, etc. It requires big initial capital, time to operate and you must wait months to get your initial capital back. That is not good for small miners.

When you need money instantly, you can not sell your ASICs and other devices instantly to get money. If you buy and have Bitcoin, you can sell it instantly.

Buying and holding Bitcoin give you more flexibility.

[salad daging]

I agree with the previous replies that for the average citizen the best thing to do is to buy bitcoin, full stop. Cloud mining is best forgotten, and for mining at home, being a private individual, unless you get the mining equipment for free and you have very cheap electricity, it won't be worth it either.

It's been a long time since you could mine bitcoin from home with a laptop.

In essence, you have to have big capital for mining at home and this requires big money to buy more VGA equipment so that the results are bigger and electricity is usually what needs to be considered, many people don't accept this mining because the costs and maintenance are very complicated in my opinion .

I've been stuck in cloud mining before to make investments but in reality it's a scam and often cloud mining is a scam on average, so we need to leave it and it's better to invest to buy because we are the ones holding it ourselves, not cloud mining.

[Welsh]

If you aren't mining beyond that one Bitcoin or you don't want to maintain the devices, buying Bitcoin at the current prices might actually be the most profitable in the long term. Since, there will come a time where that mining device has either deteriorated beyond repair or simply doesn't cut it much longer. Depending on your electrical costs, and your personal circumstances,  you might not be using the mining equipment to its full potential. Whereas, buying Bitcoin you know exactly what you're going to get at the moment of purchase, while mining you generally have a good idea, there's a few other things that could potentially go wrong during the equipments life span.

As for cloud mining, I'd stay away personally. Whenever you involve a third party, there's room for getting screwed, which is something that Bitcoin was designed to mitigate.

[Ninsalsa0.org]

mining or buying can actually be maximized because it is not an option in my opinion. anyone can follow what they can either risk, cost and level of ability to get bitcoin or other crypto currencies. like it or not, trading is the estuary of fiat exchanges and on the contrary .

[PrivacyG]

My take on answering this question is that I think today, just like a decade ago, most miners are some kind of 'nerds' of Bitcoin mining it for the sake of sustaining the Bitcoin network.  There of course are the largest miners that are few but very wealthy in equipment, and there are of course those who purchase many miners hoping to make a profit but giving up in the end.

With how volatile things are today, I think mining is not worth it much anymore unless you have a very large budget.  You have so many things to take into account.  Mining rigs are limited.  GPU's (Bitcoin is not GPU mineable by default but I am putting this here just for the sake of the argument) have volatile stock and prices.  Electricity costs are also volatile, but mostly increasing.  There are some countries pulling out the crackdown card on mining.  You need maintenance for your rigs.  You have to know what you are doing and, last but not least, you have to pay electricity which is pretty much like exchanging electricity for Bitcoin and your equipment will need upgrade every now and then.

So due to the last paragraph, I rather buy Bitcoin and DCA than start mining.  I much rather prefer the way without headaches.  If I had the time and budget, maybe I would consider running a Bitcoin mining farm.

-
Regards,
PrivacyG

[Welsh]

With how volatile things are today, I think mining is not worth it much anymore unless you have a very large budget.  You have so many things to take into account.  Mining rigs are limited.  GPU's (Bitcoin is not GPU mineable by default but I am putting this here just for the sake of the argument) have volatile stock and prices.  Electricity costs are also volatile, but mostly increasing.  There are some countries pulling out the crackdown card on mining.  You need maintenance for your rigs.  You have to know what you are doing and, last but not least, you have to pay electricity which is pretty much like exchanging electricity for Bitcoin and your equipment will need upgrade every now and then.

Or organisations. I know of a few which basically rent a place, and chuck a lot of miners into the space. If you have the budget, then mining is almost guaranteed money, of course as long as you believe in Bitcoin. For the nerds comment you might be right, the difficulty, and the recent volatility has probably made that even more true. Mining used to be relatively easy to get into, and make a profit a year ago. That's no longer the case.

Mining requires a significant initial budget, that a lot of people would prefer to invest straight into buying Bitcoin rather than mining, especially with the difficultly, and the fact that a lot of mining devices aren't readily available to watch.

[maydna]

If you have the money, you are better buying bitcoin directly on the market than buying hardware for mining or even joining cloud mining. It is not recommended to join cloud mining because there is already a lot of cloud mining which eventually becomes a scam.

In addition, the cost of buying hashrate in cloud mining is also high and does not guarantee whether the company will stay online or run away. Especially if you decide to buy hardware to mine bitcoin because besides being expensive, you also have to be patient so you can collect big rewards. You also have to consider how much electricity costs you will have to pay later.

[sunsilk]

There's this calling that you may want to help the network validating it and be one of the miners out there. But you know, it's costly to have those ASIC miners so, it's better to buy and have it directly with a purchase.

But if you have the budget and assemble a mining farm in your place, do it. That's one of the biggest plan but I don't know if I'll be able to have it someday and even in altcoins to mine and sell it for bitcoin.

I want to have that someday but I know my capacity as of the moment and buying is the easiest choice.

[arwin100]

In fact, you can invest Bitcoin quantitatively every day. You only need to invest once to obtain long-term returns. As long as your machine is up and running, it generates a certain amount of bitcoins every day, and the benefits are endless. Acquiring bitcoins this way does not require you to watch the price every day, wait for the price to rise later, and directly trade in cash. Relatively speaking, cloud mining is the lowest cost.

Although the return of buying currency is high, the risk and return coexist, so investors also need to bear the risk of the currency price falling. And mining money is drought and flood guarantee. As an investor, we should take a long-term view of mining machine production.

Invest on what on ponzi schemes hiding on the name of cloudmining? Better not to go with that option because you cannot get anything but getting scam by them.

Also if you think about hardware mining you need to consider a lot of things and your major concern there if your electricity cost is so high then most provably that you cannot gain anything on this.

[BitcoinPanther]

In fact, you can invest Bitcoin quantitatively every day. You only need to invest once to obtain long-term returns. As long as your machine is up and running, it generates a certain amount of bitcoins every day, and the benefits are endless. Acquiring bitcoins this way does not require you to watch the price every day, wait for the price to rise later, and directly trade in cash. Relatively speaking, cloud mining is the lowest cost.

I thought you are referring about actual bitcoin mining where a person buy a rig/asic, set it up connect to the mining pool and mine bitcoin, but then it turns out you are promoting cloud mining.  I do not think it is the lowest cost because you need to top up or buy extra hashes as time goes by to compete with the shares on the pool.  Aside from that, buying hashes on cloud mining services had been proven not profitable and have the highest risk of being a scam. 

I would go for buying Bitcoin than mining because it is the most efficient way to acquire Bitcoin.  No maintenance, no noise, no huge electric bill.

[KaliLinux]

If what you are referring to mining here is cloud mining, which is how I understood it, never mind. Although I have heard of the likes of ViaBTC and NiceHash and Genesis and others and a handful are vouching them, the bottom line has always been that cloud mining is either (1) outright scam or Ponzi or (2) that it is not a good investment or (3) the terms and conditions of these cloud mining companies are obviously unfair which means everything is only advantageous to them and highly disadvantageous to their clients.

So if you want to get into Bitcoin mining by way of cloud mining, you'd better buy Bitcoin and HODL.

Couldn't have agreed more. Cloud mining is one place I wouldn't even advise anyone to invest in cos this is just a 100% risk considering you don't even have control of anything, if I wanted to rally go for mining then it would have been me having my own mining rig that's If I can afford the whole set up, however, I would rather just invest that amount into Buying Bitcoin directly and hodling them for when the time is right to take profits and don't worry about the power in terms of mining. 

[The Cryptovator]

For me, it is better to buy Bitcoin rather than mine, because first of all my government does not allow to use of Bitcoin. So definitely they will not allow to mine Bitcoin and the electricity bill is too high to set up mining equipment. I think it is better for me to accumulate Bitcoin when it is on dip all although we don't know the exact deep at least we have a target where we can enter into that.

[aquafinewater]

In both options I,m selecting buying Bitcoin because it's easier for everyone if we focus on mine Bitcoin then we face many issue like Bitcoin mining ban in mostly countries and also we need a huge budget for mining so buying Bitcoin is best way for profit

[cheezcarls]

If I only knew Bitcoin a decade ago, I would be doing whatever it takes to mine as much as I can. But now that mining is now getting difficult for every halving period passing by, I'll just simply do DCA (dollar cost averaging) with Bitcoin with my extra "not beer money".

But of course, it really depends on whichever works for you because both methods are still subject to certain risks in the financial side that you definitely need to acknowledge.

[adzino]

In general, there are two ways to acquire bitcoins: buying them with real money or "mining" them. The process of mining is the process of acquiring bitcoin, and therefore mining is mining for coins.

So let's start with buying coins. Many people think that buying currency is like buying stocks. The threshold is low and anyone can buy it directly. In addition, they believe that the cost of buying coins is low, so they only need to pay the money to buy coins. But buying currency such as investing in stocks, the income is also big risk, you buy currency in the hand, the price of the currency rises you earn, the price of the currency falls you compensate. And the early need to do a lot of homework, which is similar to buying stocks, which requires you to understand the background of the investors all kinds of information, need to in-depth understanding of all kinds of basic information, according to their own cognition to make choices.

In fact, you can invest Bitcoin quantitatively every day. You only need to invest once to obtain long-term returns. As long as your machine is up and running, it generates a certain amount of bitcoins every day, and the benefits are endless. Acquiring bitcoins this way does not require you to watch the price every day, wait for the price to rise later, and directly trade in cash. Relatively speaking, cloud mining is the lowest cost.

Although the return of buying currency is high, the risk and return coexist, so investors also need to bear the risk of the currency price falling. And mining money is drought and flood guarantee. As an investor, we should take a long-term view of mining machine production.

If you are newbie or don't have much time, you are better of investing on bitcoin and holding it for long term. Mining requires maintenance and you need to know what you are doing. And you will need to spend money on the equipment, electricity and other stuffs. On other hand, buying bitcoin is so much easier. You pay, you receive your coins, you hold and then you sell.

You shouldn't be promoting cloud mining. Like 99.9% of them are scam.

[Fivestar4everMVP]

Sorry, but I think your perspective to the difference between buying bitcoin and mining bitcoin is wrong, there are no guarantees of profiting in both adventures.
The same way a user who buys bitcoin with money could be in loss if the price of bitcoin goes down, is the same way a user who mined bitcoin could be in loss if the mining difficulty is too high, and the money spent on electricity is higher than what the bitcoin mined is worth at the time.
So there is the possibility of profiting and also losing money on both the user that buys bitcoin and the user that mine bitcoin.

Acquiring bitcoins this way does not require you to watch the price every day, wait for the price to rise later, and directly trade in cash.

Mining bitcoin as an individual can only be profitable if the user stays or live in an area where ~

• 1. There is constant electricity in other to power the mining machine and keep it running 24/7.
• 2. Electricity bills are very low, based on how bitcoin mining consumes power, if one stays in an area where electricity bills are high, you discover that by the end of the day, you will end up spending all what could have been your profit on paying electricity bills.
• 3. Government has not place a ban on Bitcoin mining, that is, staying in an area where Bitcoin mining is legal or the government have not taken a stand on it yet.

Relatively speaking, cloud mining is the lowest cost.

But you stand at a whooping 90 to 95 percent of being a victim of cloud mining scam, over 90 percent of all cloud mining platforms that exist today are being run by scammers.

And mining money is drought and flood guarantee. As an investor, we should take a long-term view of mining machine production.

As I said earlier, there is no guarantee of profiting even in bitcoin mining, I know alot of investors that bought mining rigs to mine bitcoin, and after few months, they sold it because mining is not profitable for them.
Its not just about buying the mining machine, there are several other expense involved, for example ~
Setting up the mining rig.
Cost of maintaining the rig.
Cost of electricity. Etc.
All this and more are what to put into consideration before deciding on buying a Bitcoin mining machine.

[spectre71]

If you want mining exposure you do some research on investing in one of the mining company stocks. Last time I glanced at them they tracked BTC fairly closely.  Unsure it would be an advantage over owning BTC unless you wanted to get something BTC like into an investment you couldn't get BTC itself into

[isaac_clarke22]

~

Not sure how much ASIC rig costs these days considering that back in 2021, I even struggled to get my GPU for my home use, lol and the prices of it were skyrocketing due to shortages from a lot of factors like scalpers. I would just go for Bitcoin at the end of the day if I was trying to get something to earn some returns from. Couple of months ago, electricity costs were quite awful here in my country so getting a rig would be hella not be worth it even in a single penny.

You also mentioned cloud mining there. I believe that people are seeing the all as 99% scam so I would not even budging any luck there if I was starting to get into Bitcoin.

[Leviathan.007]

We cannot choose an option randomly and it depends on the condition of yourself and your mining situation. Generally, mining can be very much profitable if you have a low electricity cost. But first, you will need to calculate the price of electric power and the maintenance cost, and also the money you need to buy a miner after the calculation of these you will be able to know if mining bitcoin can be profitable for you or buying some. In my situation because of the problems I have in my country the best option can be to buy and hold bitcoin for the long term.

[noormcs5]

If I only knew Bitcoin a decade ago, I would be doing whatever it takes to mine as much as I can. But now that mining is now getting difficult for every halving period passing by, I'll just simply do DCA (dollar cost averaging) with Bitcoin with my extra "not beer money".

But of course, it really depends on whichever works for you because both methods are still subject to certain risks in the financial side that you definitely need to acknowledge.

Why not take the easy path and buy the bitcoin?

Five or six years ago one can think of mining bitcoin at an individual level but these days mining is very costly. I would rather just avoid all complication of mining and buy bitcoin from exchange, transfer it to my personal wallet and that's all 

[budi691]

for now the most you can do is buy, watch the price drop and buy it, that's what most people do, not much can be done especially with cloud mining it's better to avoid it, buy and hold it for later sale at the highest price

[wxa7115]

If what you are referring to mining here is cloud mining, which is how I understood it, never mind. Although I have heard of the likes of ViaBTC and NiceHash and Genesis and others and a handful are vouching them, the bottom line has always been that cloud mining is either (1) outright scam or Ponzi or (2) that it is not a good investment or (3) the terms and conditions of these cloud mining companies are obviously unfair which means everything is only advantageous to them and highly disadvantageous to their clients.

So if you want to get into Bitcoin mining by way of cloud mining, you'd better buy Bitcoin and HODL.

I'm surprised that there are still people interested in cloudmining, because people in this forum have known for a very long time that it is a scam since you're never going to get profits by cloudmining, and anyone that believes otherwise probably doesn't really know what they're talking about.

So taking this into consideration it is very easy to see that between the two options that the OP gives us the best option by far is to buy bitcoin, however buying bitcoin is not enough, people need to learn how to hold their bitcoin as well and keep it for long enough to obtain profits.

[Jeger.Kiting]

Mining Bitcoin is not a very easy thing to understand for a beginner, you really have to look for someone who already understands in the crypto world to tell how to mine and the capital is very large for the tools needed, not only that, you also have to compete with miners others who already have very large and adequate tools, so it is very difficult to get Bitcoin in a very short time and takes quite a long time. So if you have a large capital, it is better to buy Bitcoin for long term investment so that you can benefit from your investment compared to mining Bitcoin.

[maydna]

~

Not sure how much ASIC rig costs these days considering that back in 2021, I even struggled to get my GPU for my home use, lol and the prices of it were skyrocketing due to shortages from a lot of factors like scalpers. I would just go for Bitcoin at the end of the day if I was trying to get something to earn some returns from. Couple of months ago, electricity costs were quite awful here in my country so getting a rig would be hella not be worth it even in a single penny.

You also mentioned cloud mining there. I believe that people are seeing the all as 99% scam so I would not even budging any luck there if I was starting to get into Bitcoin.

I heard that the rig's cost is very expensive because the price of one VGA is also very expensive. After all, good stuff for mining bitcoin is expensive and hard to get. Meanwhile, buying hardware specifically for mining bitcoin is also expensive because that's the hardware we have to buy if we want a hefty reward. He also has to think about the cost of electricity as I said before and if in his country the cost of electricity is very high, it is not recommended to mine bitcoins.

Yes, you are right. Today's cloud mining has become a lot of fraud and under the pretext that it can provide huge profits, it's all a lie.

[ethereumhunter]

for now the most you can do is buy, watch the price drop and buy it, that's what most people do, not much can be done especially with cloud mining it's better to avoid it, buy and hold it for later sale at the highest price

The current bitcoin decline could be the best time to buy bitcoins instead of mining bitcoins because bitcoin mining is now difficult for people who don't have enough money to buy hardware and pay other fees. So it would be better if they don't mine bitcoin but just buy it so that it will reduce other costs that they can use for additional capital to buy bitcoin. But if they still want to try to mine bitcoins, that's up to them because we can only give them advice.

[hZti]

Relatively speaking, cloud mining is the lowest cost.

Lowest cost is definitely a huge positive but if you don't actually make money in the end anyway, what's the point? Cloud mining services are either a scam, or very unprofitable for the service subscriber.

This is absolutely true, since if the person that offers the cloud mining would make the rent less than the return they could simply mine for themselves. If you dont have an advantage over the rest of the world, like free electricity you can never win by mining.

[kasunrandil]

it is easy to understand thta mining is more profitable than buying coins from market. if i have worth to build a mining setup i would mine bitcoins but not to take profit. i have some friends who mines bitcoin for take some profit. they mine  then sell those bitcoin and pay energy bills . then they convert rest of money to fiat. at least they dont know what  is bitcoin. they know mining as just method to earn some fiat. but bitcoin mining is far beyond that . it is a better way to earn some bitcoins for future. no problem on how you earn bitcoins whether mining or buying. important thing is understand  bitcoin and earn some bitcoin for future.

[isaac_clarke22]

~

I guess retailers knew that it is profitable anyway that is why they are ramping up the price regardless. Even if Bitcoin was down to 20k, as of writing this, it is still going to be rewarding to some people that are willing to invest to these rigs depending on their region. Here in my country, GPU costs a lot even though I do not think that mining is quite popular in here but maybe due to the price of top cryptos these days. It is quite rare for me to hear people getting into crypto mining due to how insane electricity costs in here

Thanks for your input by the way!

[m2017]

for now the most you can do is buy, watch the price drop and buy it, that's what most people do, not much can be done especially with cloud mining it's better to avoid it, buy and hold it for later sale at the highest price

The current bitcoin decline could be the best time to buy bitcoins instead of mining bitcoins because bitcoin mining is now difficult for people who don't have enough money to buy hardware and pay other fees. So it would be better if they don't mine bitcoin but just buy it so that it will reduce other costs that they can use for additional capital to buy bitcoin. But if they still want to try to mine bitcoins, that's up to them because we can only give them advice.

Buying btc is easier to implement than mining it. Less action required, just bought and you have it. Whereas, with mining, you are buying the opportunity to get bitcoin after a lot of actions, like buying equipment, setting up and running the mining process, associated costs like paying for electricity and repairs. I have listed only superficially and all this can be more diverse. That is, it is riskier and you get btc only after a while. This path is more difficult and costly for beginners, and also requires the necessary skills and knowledge. Not everyone can and wants to load themselves with such tasks. So it turns out that buying bitcoin will be an advantage for anyone and this is a feasible task in terms of a low entry threshold (just follow the guide from the Internet). If you have money, you just bought it and btc is already with you. Without deferred receipt, as with mining. And here I agree with you that with the current discount of bitcoin, now it is more profitable to buy it directly without all these troubles with mining.

[Alert31]

In our country, mining is not really profitable because of high cost of electricity. You need to consider the energy consumption if you want to mine bitcoin. Higher capital needed and it takes time also to mine. Unlike buying bitcoin at a lower price then just holding it and wait for the price to increase which is also hassle free. Although both mining and buying need bigger capital, I choose to buy especially this current decline of bitcoin in the market which is good entry to buy.

[hZti]

What is also to be considered is that if many people decide to mine bitcoin even if there is no profit above just to buy a bitcoin, mining will be less and less profitable for all the miners in general. This will actually weaken the bitcoin mining community what could be a bad thing.

[tabas]

Is cloud mining even a legitimate thing in the first place? Pretty sure that all of those who claim that they are a cloud mining service are 100% scam.

99.9% of them are not. And if you find a legitimate cloud mining, their contracts are already sold out within a minute and as you calculate your profit there, you'll barely have enough and break even.

I haven't seen a legit one and my friend who has been in crypto for a long time has never saw one too, asked him about it while typing my post.

That's why the majority of them are not really legitimate at all. And if someone is going to buy a spot for cloud mining, it's better to just buy bitcoin and you're even more secure by doing it.

[KennyR]

What is also to be considered is that if many people decide to mine bitcoin even if there is no profit above just to buy a bitcoin, mining will be less and less profitable for all the miners in general. This will actually weaken the bitcoin mining community what could be a bad thing.

Such situation won't arise, because only the large scale miners will be able to sustain such situations. With home miners they need to spend on electricity, maintenance and addition of GPU to compensate the mining when the difficulty increases. As said, if people think of making a stable earning unlike the market situation mining is the best choice. It requires a large capital to set up and further depending upon the market will be the profit and it requires dedicated observation. So, it is upon the users financial ability to go for buying/mining.

[qwertyup23]

Although the return of buying currency is high, the risk and return coexist, so investors also need to bear the risk of the currency price falling. And mining money is drought and flood guarantee. As an investor, we should take a long-term view of mining machine production.

Well, at the end of the day, it all boils down to the personal preference of the investor.

Personally, I would prefer to purchase BTC compared to mining BTC. The problem with mining stems from its very nature that you have to purchase the suitable and right mining equipment. This entails that you have to allocate at least a significant amount of capital to start such business. In addition, you also must have a suitable location on where to place these mining rigs since it has to be placed in a cool location.

As someone who wants to avoid the hassle of maintaining such equipments and lacks the necessary knowledge of mining, the convenient way would be to purchase BTCs and leave them for long-term HODLing.

[uchegod-21]

What is also to be considered is that if many people decide to mine bitcoin even if there is no profit above just to buy a bitcoin, mining will be less and less profitable for all the miners in general. This will actually weaken the bitcoin mining community what could be a bad thing.

Such situation won't arise, because only the large scale miners will be able to sustain such situations. With home miners they need to spend on electricity, maintenance and addition of GPU to compensate the mining when the difficulty increases. As said, if people think of making a stable earning unlike the market situation mining is the best choice. It requires a large capital to set up and further depending upon the market will be the profit and it requires dedicated observation. So, it is upon the users financial ability to go for buying/mining.

There might legit ones in the early stage of bitcoin and it is difficult to see now if at all they exist. I have also asked and I received similar answerseas this. But coming from the OP idea of the thread. I have got some sats of bitcoin and I am not proud of it because it is not big. It is not like something that could make one rich in the future. But whenever I remember I owe bitcoin, there's this kind of happiness that ignites in my heart.
I have wanted to join the mining of a thing, not actually for the profit but for the experience but I have been discouraged everytime I wanted to. Reason because it is expensive or it doesn't worth my time, but I am confused because people are doing it and still earning living from it.

[Oceat]

What is also to be considered is that if many people decide to mine bitcoin even if there is no profit above just to buy a bitcoin, mining will be less and less profitable for all the miners in general. This will actually weaken the bitcoin mining community what could be a bad thing.

I will rather choose mining even though it may be getting harder and harder in the future but if you have the right equipment you can earn money compared to buying when the price is unstable. But in the end, it's up to us to choose what's best for us so choose what you think best suited for you. Both have their own pros and cons, personal preference will matter as long as you gain profit from your strategy.

[nurilham]

Before we determine mining Bitcoin or buying Bitcoin, we need to understand what is the main differences between them. Mining needs specific knowledge and some mining equipment, not everyone can have these things. While buying Bitcoin can be done by each individual since it is very simple. You only need to have an exchange account and deposit some money. Once you have some funds on the exchange account, you can buy Bitcoin at any time and instantly. That's why most people prefer to buy Bitcoin to mine Bitcoin nowadays.

[Yatsan]

Mining is indeed better if and only if, you have the resources or money to be specific. Building a mining rig won't be easy for those who are not privileged, 'coz in some countries GPUs are expensive. Another thing is electricity, which is also expensive to some countries especially for third world countries which makes it not that advisable especially if you are just aiming to build a small farm, because more likely earning would be difficult. Last thing is knowledge ofcourse, mining isn't that easy, you also need to invest time into it. So definitely, buying would be more convenient to majority of individuals in this industry.

[ethereumhunter]

for now the most you can do is buy, watch the price drop and buy it, that's what most people do, not much can be done especially with cloud mining it's better to avoid it, buy and hold it for later sale at the highest price

The current bitcoin decline could be the best time to buy bitcoins instead of mining bitcoins because bitcoin mining is now difficult for people who don't have enough money to buy hardware and pay other fees. So it would be better if they don't mine bitcoin but just buy it so that it will reduce other costs that they can use for additional capital to buy bitcoin. But if they still want to try to mine bitcoins, that's up to them because we can only give them advice.

Buying btc is easier to implement than mining it. Less action required, just bought and you have it. Whereas, with mining, you are buying the opportunity to get bitcoin after a lot of actions, like buying equipment, setting up and running the mining process, associated costs like paying for electricity and repairs. I have listed only superficially and all this can be more diverse. That is, it is riskier and you get btc only after a while. This path is more difficult and costly for beginners, and also requires the necessary skills and knowledge. Not everyone can and wants to load themselves with such tasks. So it turns out that buying bitcoin will be an advantage for anyone and this is a feasible task in terms of a low entry threshold (just follow the guide from the Internet). If you have money, you just bought it and btc is already with you. Without deferred receipt, as with mining. And here I agree with you that with the current discount of bitcoin, now it is more profitable to buy it directly without all these troubles with mining.

Buying bitcoins would be the right decision for now because, with all the preparations needed before you can start mining bitcoins, it will make it more difficult than just buying on the market. And with the bitcoin price dropping again this time, their opportunity to have more bitcoins than before is wide open and with the same amount of money, they can get more bitcoins. But if they try to mine bitcoins, even with expensive equipment, they won't be able to collect the same amount of bitcoins because they need time before they can collect the same amount.

[Xxmodded]

I heard that the rig's cost is very expensive because the price of one VGA is also very expensive. After all, good stuff for mining bitcoin is expensive and hard to get. Meanwhile, buying hardware specifically for mining bitcoin is also expensive because that's the hardware we have to buy if we want a hefty reward. He also has to think about the cost of electricity as I said before and if in his country the cost of electricity is very high, it is not recommended to mine bitcoins.

Yes, you are right. Today's cloud mining has become a lot of fraud and under the pretext that it can provide huge profits, it's all a lie.

I have made little calculated about rig's cost most expensive and electricity paid every month with bigger budget then have checking prepare mining tool make us have to prepare much money but little return got from mining. I think not really mistake when have some people prefer choose mining than investing or buying bitcoin, but I think keep worth with investing or buying bitcoin than buy several mining tool and need waiting more than one year later return back capital and earn profit. I don't know all detail with mining period can earn profit but with buying bitcoin we can take profit in daily day than have to mine bitcoin.

[2stout]

At the current price, it would be best to buy a Bitcoin unless you already have mining hardware and software in place in order to avoid overhead costs, which can be thousands of dollars,  At top bull run prices, mining may perhaps make more sense.

[Vaskiy]

At the current price, it would be best to buy a Bitcoin unless you already have mining hardware and software in place in order to avoid overhead costs, which can be thousands of dollars,  At top bull run prices, mining may perhaps make more sense.

Yeah, at today's market it is good to go with buying. What you spend on mining could get you the best profit just by holding. With mining the advantage is a regular earning which varies according to the difficulty. As said, it'll get you good revenue when the market is completely bullish reaching ATH.

[maydna]

~snip~

I have made little calculated about rig's cost most expensive and electricity paid every month with bigger budget then have checking prepare mining tool make us have to prepare much money but little return got from mining. I think not really mistake when have some people prefer choose mining than investing or buying bitcoin, but I think keep worth with investing or buying bitcoin than buy several mining tool and need waiting more than one year later return back capital and earn profit. I don't know all detail with mining period can earn profit but with buying bitcoin we can take profit in daily day than have to mine bitcoin.

Once you've made that little calculation, you've already seen which one is more profitable to do. Instead of spending more money to buy equipment to mine bitcoin, it would be better if we used that money to add to our initial capital to buy bitcoin. We can also have the opportunity to make a profit after buying bitcoin because, who knows, the price can immediately jump high after we buy it. And although the price of bitcoin is still long to be able to increase, we don't have to pay any fees because we only need to store and hold it for a while.

[autumnleaf]

Since I have no knowledge about bitcoin mining, I prefer to buy bitcoin because it seems easier. I'm not sure if I'm correct, but it seems to me that the basics of mining are very difficult to understand, especially for us less experienced traders. Of course, if given the opportunity to learn how mining operates, I would jump at the chance.

[xSkylarx]

You only need to invest once to obtain long-term returns. As long as your machine is up and running, it generates a certain amount of bitcoins every day, and the benefits are endless. Acquiring bitcoins this way does not require you to watch the price every day, wait for the price to rise later, and directly trade in cash. Relatively speaking, cloud mining is the lowest cost.

You should also consider that it's not profitable to everyone to mine bitcoin. Mining rigs consumes a lot of electricity and there are countries where electricity prices are very high. It's not just invest and earn when you want to mine bitcoin, you should also have the proper knowledge in maintaining those rigs so they won't break easily.

Relatively speaking, cloud mining is the lowest cost.

If this is what you mean on mining those bitcoin then you're just pitting us to lose money because most of the cloud mining platforms are scam.

Although the return of buying currency is high, the risk and return coexist, so investors also need to bear the risk of the currency price falling. And mining money is drought and flood guarantee. As an investor, we should take a long-term view of mining machine production.

Both mining and buying bitcoin have their own risk. You can also experienced drought when you're mining bitcoin like if your rigs got broken and need to spend a lot of money to fixed it or a calamity destroyed those rigs.

[amishmanish]

I think cost of mining is no longer sustainable for small miners. Yes mining farms can still make a cut but it is still very little to have any real big income these days...i truly had started to realise that Bitcoin itself need to evolve now.. Bitcoin need to help itself.. we need Satoshi to resurrect to set things in order again.

[gunhell16]

Mine bitcoin or buy bitcoin, it is always important in this industry. Now, if you are the one who just wants to have bitcoin that you have nothing else to do, and you have a lot of money, it is suitable for you to just buy a mining rig or just mine bitcoin even if you don't trade in any exchange.

Now if you don't have the ability to buy mining rigs so that you can mine Bitcoin, it is suitable for you to buy bitcoin from any well-known crypto exchanges here in the world of crypto with the budget you have, you can buy bitcoin and you can trade either buy or sell.

[Ziskinberg]

Although the return of buying currency is high, the risk and return coexist, so investors also need to bear the risk of the currency price falling. And mining money is drought and flood guarantee. As an investor, we should take a long-term view of mining machine production.

Keeping in mind the risks whether it was mining or investing in crypto is not a healthy practice as this only affect your decision-making and it leads to uncontrollable emotions. We just choose and do whatever we wanted providing that we know ourselves we can do it and never hesitate to take the risks for there are no rewards for those who are afraid of it.
Mining - huge expenses, huge capital, high risk but possible a big profit
Buying Bitcoin - you can just spend a small amount, less risk, and still, earn a profit

[TheUltraElite]

Since I have no knowledge about bitcoin mining, I prefer to buy bitcoin because it seems easier. I'm not sure if I'm correct, but it seems to me that the basics of mining are very difficult to understand, especially for us less experienced traders. Of course, if given the opportunity to learn how mining operates, I would jump at the chance.

Nothing is difficult to learn if you have the interest in it. Mining is no different, but the real problem lies in acquiring the ASICs and running them on a place that you own and maintain. It is more of a full-time job and trust me, the hash-war is not something you want to end up getting burnt in, your entire investment in the form of buying the ASICs, the plot, equipment and manpower will be difficult to get a ROI from.

And Cloud mining is a scam, without a doubt. Dont fall for those schemes.

On the contrary, buying bitcoin or earning it through different sources, is much less of a chore. You can hold it or sell it when you wish and get the fiat money to spend or spend the bitcoin directly if your country is compliant with it.

So for investment or future profit purpose, buying/earning bitcoin is what I recommend to every newbie.

[Flexystar]

Mining is more or less long term business. If you want to get good income from it then obviously it’s gonna need huge investment which would be stuck for very very long term. You will have to plan your finance accordingly. It’s definitely start generating money right from the day you fire up your mining rig however get ready for surplus charge like electricity bills, maintenance now and then, upgrading rigs with new cards or newer versions of ASICS etc. More or less you need to plan and execute your mining farm activities and make it work for you.

On the other hand buying bitcoin directly is risk free. The only risk is your time and value of the bitcoin which will change and accordingly you keep getting profits.

[Piesel]

I will still prefer to mine Bitcoin than to buy it, because on mining Bitcoin one gain a lot of technical knowledge and is able to solve complex mathematics using computers eve as fun as that sound, the difficulty level is high compare to buying.

Buying bitcoin is the easiest way to own Bitcoin since one does not need to have required knowledge on Bitcoin technicality to hold Bitcoin and considering how hard and difficult it has become to run a mining ring.

When you talk about the cost of both then I will say buying Bitcoin is less costly than mining Bitcoin, since in mining Bitcoin one need to get the latest equipment and devices to get a good operation and these tools cost money even the cost of shipping them to your location and restrictions make this venture a no go area for norbs.

[Inwestour]

Once you've made that little calculation, you've already seen which one is more profitable to do. Instead of spending more money to buy equipment to mine bitcoin, it would be better if we used that money to add to our initial capital to buy bitcoin. We can also have the opportunity to make a profit after buying bitcoin because, who knows, the price can immediately jump high after we buy it. And although the price of bitcoin is still long to be able to increase, we don't have to pay any fees because we only need to store and hold it for a while.

In addition to the cost of buying equipment, you need to think about the fact that not everyone has the knowledge to mine bitcoin. For me, in this matter, the unequivocal answer would be to buy bitcoin. Because it's easier for me, I just buy some Satoshi every time I get a chance, I don't have to think about buying equipment or paying electricity bills, but I just buy bitcoin and keep it in a cold wallet.

[PX-Z]

Investment wise, i'll go buying. Mining will take years before you reach your ROI.

Those user who chose mining should have enough reasons not just simply, "to have profit in the long run", "help blockchain network", "learn technicals", etc. We're talking money and investments, simply a business.
There are lots of consideration to mine bitcoin. Location, hardwares ^{(including installations and maintenance)}, electricity, man power, running a business regulation/requirements, lastly a huge sum of capital. Now if you have it all and have easy access to them, then that's a good choice to go mining.

[Retiicle]

I believe that buying bitcoin is a better option than mining it. You can buy bitcoin with an amount you can afford as there is no limit to how much you must put at risk. But when it comes to mining bitcoin, you will have to buy hardware with a certain configuration that comes with a high price tag. On the top of that, there is no guarantee if you will be able to mine bitcoin successfully or not. So, better go for a safer option which I think is trading.

[piebeyb]

I don't get bitcoins from both of them, if you look at building bitcoin mining it's not cheap and even costs quite expensive, I also don't have money to buy bitcoins, I just look for free bitcoins from this forum or free sites looking for bitcoins out there, I used to be used to it. getting bitcoins from the faucet is now no longer because the bitcoins I have are enough for me to save as a long-term investment

[Rigon]

Of course, everyone's opinion is different, some want bitcoin from mining, some want bitcoin by buying. and both also have risks, but I myself prefer to buy to get bitcoin.

People are not very confident in mining. It seems so unbelievable to me that I never believe in myself.But people now prefer to buy not for mining. There is a confidence and freedom in buying and investing.People don't invest by buying and mining bitcoins now.It is better to invest by buying bitcoins than you will definitely spend more for mining.

[Jatiluhung]

actually i am interested in bitcoin mining to collect bitcoins. and have not been able to study it thoroughly. because of the limited free time I have. so at the moment I prefer to collect bitcoins with incremental purchases. with cold money that I set aside every month. although I buy little by little but I'm sure if I continue to be consistent in buying one day my BTC will be a lot.

[TheUltraElite]

I don't get bitcoins from both of them, if you look at building bitcoin mining it's not cheap and even costs quite expensive, I also don't have money to buy bitcoins, I just look for free bitcoins from this forum or free sites looking for bitcoins out there, I used to be used to it. getting bitcoins from the faucet is now no longer because the bitcoins I have are enough for me to save as a long-term investment

Faucets are worth shit, so dont go for them but you can always go for bitcoin paying services which you can offer.

Of course mining and its full infrastructure is a full time job and not a side-hustle. Therefore it should be done only by some specializing in it and has enough initial capital plus additional capital to run the farm and ROI within a stipulated time.

It is not as easy as it sounds, because of the constant competition between different mining pools to get proportionate share from each block subsidy the hash-wars become real.

Keeping a day job and earning bitcoins or buying them seems like the perfect combination for any average Joe.

[ChiBitCTy]

At this point in time it’s completely unrealistic to talk about mining bitcoin unless you’re a multi-millionaire and plan on opening up a serious mining rig set up. I do sure wish that I was around for the days where you could simply mine bitcoin via you’re CPU.

 If only I could have seen in to the future

[Jawhead999]

I don't get bitcoins from both of them, if you look at building bitcoin mining it's not cheap and even costs quite expensive, I also don't have money to buy bitcoins, I just look for free bitcoins from this forum or free sites looking for bitcoins out there, I used to be used to it. getting bitcoins from the faucet is now no longer because the bitcoins I have are enough for me to save as a long-term investment

I'm not completely sure what do you mean about free Bitcoin from this forum, if you're refer to signature campaign or bounties, it's not actually free since you're need to fill the requirement of the campaign which is need time and effort. Some bounties even ask KYC to get the distribution, it's like sell your ID to get worthless coin IMO, that's not a good way to get few bucks only.

There's an another way to earn Bitcoin, by offering your service or skills you have and accept Bitcoin as the payment.

[CryptoHeadlineNews]

In general, there are two ways to acquire bitcoins: buying them with real money or "mining" them.

It seems you forgot the third way of acquiring Bitcoin, which involves working for Bitcoin (earning Bitcoin) Because since the investion of Bitcoin in 2009, these has been the three ways of owning a whole or fraction of Bitcoin. Because just like the bitcointalk forum whereby you get to earn a fraction for effectively communicating for it's development, together with exchanges who pays you a commission for promoting an affiliate link and online sites who pays you Bitcoin for writing a blog post (freelancing jobs), many others numerous to mention

[Rufsilf]

It wasn't confusing anyway which one to choose. Just think about yourself and what you can really afford OP.
Think about that mining needs more capital to start a business like this, unlike just go buying Bitcoin because even with small amounts you can have it already. Well, even though you can really afford to put up mining machines due to mining competition, It is really preferred to just invest and hold, it was no hassles on our ends and we can still make another business. 

[isaac_clarke22]

~

Back then, faucets were really worth the claim. I had couple of conversation from some users in different boards about their experience with faucets w/o referrals back before I bought my first Bitcoin (pre-2017). Right now, they were pretty much waste of time and I can recall my experience not having to even claim my 10k sats since I usually only get 10-100 per 5 minutes and doing rotation in between faucets are so tedious that I did not even try to reach the minimum in order to do a withdrawal.

Gotta love those days if I just discovered crypto earlier.

[AmoreJaz]

It wasn't confusing anyway which one to choose. Just think about yourself and what you can really afford OP.
Think about that mining needs more capital to start a business like this, unlike just go buying Bitcoin because even with small amounts you can have it already. Well, even though you can really afford to put up mining machines due to mining competition, It is really preferred to just invest and hold, it was no hassles on our ends and we can still make another business.  

if you are really not a miner, or has the passion for this type of work, better not go into this endeavour. just buy and hold, if you do believe that btc will have bright future. less trouble if i may say. also, take into account how much will you put into your mining equipment, can you wait to get a hold of those satoshis, and be patient enough to receive your ROI? you will spend a significant amount of money on mining, whereas, you can slowly accumulate your satoshis.

[Emmanuelex]

I have not had experience of how mining works, so I can’t tell you that I am hundred percent sure it would be profitable or not, but from what I have seen others say about it, it is not so much profitable, except for big companies that owns a mining farm

For me, it has always been to buy the coins I need, and I don’t have any problem with that
In terms of price fluctuation, it’s a normal thing that happens and we have to be aware of that. Even if You choose to mine, the coin can still drop in value after you have mined it. It’s just the same thing, but gotten through a different means.

[BitcoinPanther]

It wasn't confusing anyway which one to choose. Just think about yourself and what you can really afford OP.
Think about that mining needs more capital to start a business like this, unlike just go buying Bitcoin because even with small amounts you can have it already. Well, even though you can really afford to put up mining machines due to mining competition, It is really preferred to just invest and hold, it was no hassles on our ends and we can still make another business. 

The mining suggested by OP is cloudmining which can be purchased cheaper than the usual mining rig since it can be "bought" per x hashes.  But the thing is cloud mining has been proven unprofitable and most of the service offering cloudmining either closes or turned into a scam.  Even the well know CEX.IO which is once one of the largest cloudmining company changes its service because they are getting bankrupt. 
Between mining and buying Bitcoin, I always think buying Bitcoin is the better approach for a non-technical person.

[TelolettOm]

Mining Bitcoin is worth, but right now, this also needs a high cost. If we have not much money to buy all requirements and equipment needed for mining, it is better to buy Bitcoin.
Buying Bitcoin may be easy, but as long as we have the free money, we can buy it easily in a trusted and reputable exchange. Then we can save the coin for a certain period, based on our own goal for investment. Especially for long-term investment.
The difficulty may be on our responsibility and acceptance of every condition happened to the Bitcoin market. Because investing in Bitcoin is risky, we will not face the price always being in a positive trend There will be always any FUD and negative news that will probably make the price of Bitcoin fall down again. That is why it will depend on our responsibility and acceptance of whether we are ready with this situation or not. If we are ready and understand the condition, commonly we can keep holding the coin. But if we are not ready and expect too much, we will panic and sell of our coin in the smaller price.

[South Park]

It wasn't confusing anyway which one to choose. Just think about yourself and what you can really afford OP.
Think about that mining needs more capital to start a business like this, unlike just go buying Bitcoin because even with small amounts you can have it already. Well, even though you can really afford to put up mining machines due to mining competition, It is really preferred to just invest and hold, it was no hassles on our ends and we can still make another business. 

The mining suggested by OP is cloudmining which can be purchased cheaper than the usual mining rig since it can be "bought" per x hashes.  But the thing is cloud mining has been proven unprofitable and most of the service offering cloudmining either closes or turned into a scam.  Even the well know CEX.IO which is once one of the largest cloudmining company changes its service because they are getting bankrupt. 
Between mining and buying Bitcoin, I always think buying Bitcoin is the better approach for a non-technical person.

Cloudmining has never really worked so it is kind of odd that people are still interested in this when there is so much evidence against it, now mining by buying specialized equipment does in fact work but as you state it requires a great deal of expertise that most people do not have, however it can be a great learning experience for those that are interested in bitcoin not only from a financial point of view but from a technical one as well, however the majority of the people are not like that and as such it is better for them to just buy bitcoin and forget about mining.

[mich]

Well personally I suspect it will cost you much more fiat just to mine 1 Bitcoin then it will to purchase 1 Bitcoin at its current price of 20k.

When we consider the cost of the mining like hardware and electricity and also the risk factor it is better to just buy 1 coin if you are Bullish like I am and suspect the 'Bear market' will be over in less then 2 years.

[MinoRaiola]

A story about a purchase of Miner in 2019. At bitmain there was a fight for devices in 2019 and when the batches were released, they were sold out in a few days/hours. I remember when the S9 or L3 were sold and everyone used their BCH for it. After the batch, the prices changed a lot and people thought about trading BCH in BTC only. It would made more sense and it would have saved a lot of stress and time. The delivery took 8-12 weeks and even longer. So this year I would said : buy bitcoin. It depends on the situation, the year and the amount i think.

[Esther C]

In general, there are two ways to acquire bitcoins: buying them with real money or "mining" them. The process of mining is the process of acquiring bitcoin, and therefore mining is mining for coins.

So let's start with buying coins. Many people think that buying currency is like buying stocks. The threshold is low and anyone can buy it directly. In addition, they believe that the cost of buying coins is low, so they only need to pay the money to buy coins. But buying currency such as investing in stocks, the income is also big risk, you buy currency in the hand, the price of the currency rises you earn, the price of the currency falls you compensate. And the early need to do a lot of homework, which is similar to buying stocks, which requires you to understand the background of the investors all kinds of information, need to in-depth understanding of all kinds of basic information, according to their own cognition to make choices.

In fact, you can invest Bitcoin quantitatively every day. You only need to invest once to obtain long-term returns. As long as your machine is up and running, it generates a certain amount of bitcoins every day, and the benefits are endless. Acquiring bitcoins this way does not require you to watch the price every day, wait for the price to rise later, and directly trade in cash. Relatively speaking, cloud mining is the lowest cost.

Although the return of buying currency is high, the risk and return coexist, so investors also need to bear the risk of the currency price falling. And mining money is drought and flood guarantee. As an investor, we should take a long-term view of mining machine production.

Funny how I don’t know what it means to mine Bitcoin😄

[Kelvinid]

I'll go buying Bitcoin rather than spending time doing cloud mining or even spending a lot of money acquiring mining equipment.
Besides, if we talk about earning a profit and having a safe play, buying and holding Bitcoin is gonna be preferred. And maybe because I don't like mining and I have no knowledge about it as well.
But if we talk about cloud mining, no - it doesn't work.

[Mahanton]

I'll go buying Bitcoin rather than spending time doing cloud mining or even spending a lot of money acquiring mining equipment.
Besides, if we talk about earning a profit and having a safe play, buying and holding Bitcoin is gonna be preferred. And maybe because I don't like mining and I have no knowledge about it as well.
But if we talk about cloud mining, no - it doesn't work.

If you are really that tech savvy and does have that interest on doing mining things or on the sake of curiosity then you would really be testing out mining but if not then and you
do find it to be complicated then you would rather just choose on buying bitcoin rather than putting yourself into all hassles and technicality on where this thing do cover up.
Even myself do get interested on mining when i do start on learning crypto or bitcoin but on the time that i've known that asic miners or even gpu cost isnt just too
cheap plus having that expensive electricity cost then i do already skip out and lost interest.Of course you would really be should knowing these factors first before diving.

[boyptc]

When we consider the cost of the mining like hardware and electricity and also the risk factor it is better to just buy 1 coin if you are Bullish like I am and suspect the 'Bear market' will be over in less then 2 years.

Buying is effortless and better.

If you don't intend to be a miner then you don't have to mine and make an effort of building everything. Just buy and hold it on however long you want it to hold.

The goal is to have at least 1 BTC before another unexpected huge bull run comes.

[n0ne]

When we consider the cost of the mining like hardware and electricity and also the risk factor it is better to just buy 1 coin if you are Bullish like I am and suspect the 'Bear market' will be over in less then 2 years.

Buying is effortless and better.

If you don't intend to be a miner then you don't have to mine and make an effort of building everything. Just buy and hold it on however long you want it to hold.

The goal is to have at least 1 BTC before another unexpected huge bull run comes.

It is based on one's financial strength, because buying bitcoin during this bear market seems to be fair than spending on mining equipments. As the above mate suggested, rather than being a miner just buying and holding will bring assured profit long term and there is no need of unwanted pressure handling the maintenance and other power issues associated while mining.

[Stella Mese]

Buying and mining bitcoin is all about base on the capital which the person has to start the investment. You know mining bitcoin needs more capital to start because you have to buy the machine and after buying machine you still need energy to power the machine before mining, buying bitcoin is much more easier to the bitcoiner. One can use any amount of money to buy bitcoin and stored it in the wallet to grow.

your thoughts are the same as mine,,, I agree with what you think, because mining requires capital, so in my opinion it is better to buy bitcoins than mining, but people who mine bitcoins are also people who are meritorious because of our mining so can buy bitcoin. so mining or buying is the same.

[awik p]

When we consider the cost of the mining like hardware and electricity and also the risk factor it is better to just buy 1 coin if you are Bullish like I am and suspect the 'Bear market' will be over in less then 2 years.

Buying is effortless and better.

If you don't intend to be a miner then you don't have to mine and make an effort of building everything. Just buy and hold it on however long you want it to hold.

The goal is to have at least 1 BTC before another unexpected huge bull run comes.

It is based on one's financial strength, because buying bitcoin during this bear market seems to be fair than spending on mining equipments. As the above mate suggested, rather than being a miner just buying and holding will bring assured profit long term and there is no need of unwanted pressure handling the maintenance and other power issues associated while mining.

Bitcoin profits can indeed be bought not in full quantities, so we can buy according to our ability and then hold it until the bullish season comes. on the other hand, by mining, we also spend a lot of capital on the other hand with the amount of electricity used where we pay according to fiat money, so when bitcoin experiences a big correction like today we will have trouble with operational problems every month. that's why I prefer to buy and hold it

[bestcoins1]

your thoughts are the same as mine,,, I agree with what you think, because mining requires capital, so in my opinion it is better to buy bitcoins than mining, but people who mine bitcoins are also people who are meritorious because of our mining so can buy bitcoin. so mining or buying is the same.

If I actually think of it a little differently because mining sometimes requires a large capital initially so that it can generate more Bitcoins, whereas buying instantly does not require large capital at first. Because everyone can buy with the capital they have and it doesn't have to be big right away, although the goal is almost the same, namely getting more Bitcoin through the market. But this is a slightly different thing to do because mining requires a special design of the device, whereas buying only requires a market to visit.

[Awwal08]

These are, in my opinion, the two independent ways to obtain bitcoin. Depending on how you want to get it, you have two options. If I were to give advice, I would recommend to only buy if you have funds you are willing to risk or can afford to lose. If there is no money, mining will require patience. You can choose between buying or mining; both options are valid.

[boyptc]

When we consider the cost of the mining like hardware and electricity and also the risk factor it is better to just buy 1 coin if you are Bullish like I am and suspect the 'Bear market' will be over in less then 2 years.

Buying is effortless and better.

If you don't intend to be a miner then you don't have to mine and make an effort of building everything. Just buy and hold it on however long you want it to hold.

The goal is to have at least 1 BTC before another unexpected huge bull run comes.

It is based on one's financial strength, because buying bitcoin during this bear market seems to be fair than spending on mining equipments. As the above mate suggested, rather than being a miner just buying and holding will bring assured profit long term and there is no need of unwanted pressure handling the maintenance and other power issues associated while mining.

It is fair at all times as long as you have it planned and you have money ready to purchase bitcoin.

No offense but those who like to be miners, there's a different sensation of being one. There's the achievement that you can feel for being one of the validators in the network.

You're helping the network and at the same time you earn from it. Well, the biggest ones are those who have invested heavily with the equipment and maybe you'll feel that feeling too if you become one.

[TheGreatPython]

These are, in my opinion, the two independent ways to obtain bitcoin. Depending on how you want to get it, you have two options. If I were to give advice, I would recommend to only buy if you have funds you are willing to risk or can afford to lose. If there is no money, mining will require patience. You can choose between buying or mining; both options are valid.

When you mine a bitcoin you will also agree about the risk because mining a bitcoin is not easy. It's either you can earn more or you can lose more money in the process but before we get there, you must also have a good capital since bitcoin mining hardwares are not cheap. This is not an example of investing what you can only afford to lose but buying directly a bitcoin is, because you can lower the quantity according to your own capacity.

If there is no money available then you can't do both mining and buying a btc but there are still many ways to acquire a bitcoin for free and the only capital that you will be needing is your time and skill.

[samuraijin]

Two independent ways to get bitcoin, but if you have so much money then it never hurts to try to make bitcoin mining, no matter how small it is at least making results, but in short you can buy bitcoin without having to mine it and buy mining tools that cost millions of dollars, but most people prefer to buy rather than have to mine to buy bitcoin mining tools, and require a large enough capital...

[danadc]

Investment wise, i'll go buying. Mining will take years before you reach your ROI.

Those user who chose mining should have enough reasons not just simply, "to have profit in the long run", "help blockchain network", "learn technicals", etc. We're talking money and investments, simply a business.
There are lots of consideration to mine bitcoin. Location, hardwares ^{(including installations and maintenance)}, electricity, man power, running a business regulation/requirements, lastly a huge sum of capital. Now if you have it all and have easy access to them, then that's a good choice to go mining.

I am very interested in mining, but I know that in bitcoin I have no hope, because I would compete with the great titans, and obviously I will not have decent profits, but in altcoin mining I can think of something that can be revived , I have seen that high prices are low, this is the ideal time to start this exercise, what I lack is the money to be able to buy the machines, I have weighed in one available to be able to mine ETH, but bitcoin is what It is more interesting to me, I have thought about buying small laptops to be able to use them as bitcoin miners, and some miners do it, the laptops last 3 months and then they are damaged, but I have studied the way to see if it is profitable.

[laurenB7742]

It wasn't confusing anyway which one to choose. Just think about yourself and what you can really afford OP.
Think about that mining needs more capital to start a business like this, unlike just go buying Bitcoin because even with small amounts you can have it already. Well, even though you can really afford to put up mining machines due to mining competition, It is really preferred to just invest and hold, it was no hassles on our ends and we can still make another business. 

The process of mining bitcoins becomes more challenging if you live in a country that does not consider bitcoin to be legal, or if your country has high energy costs that make mining difficult. Buying and holding are easier, we can do it anywhere and anytime as long as we have a need. You cannot mine bitcoins in a country that bans bitcoin but you can buy bitcoin there one way or another.

Mining is not always profitable, if bitcoin plummets then you will incur some loss in energy costs, daily maintenance...Meanwhile, if bitcoin plummets, it is an opportunity for holders, the lower the price, the higher the profit opportunity.

[Piesel]

I have a different viewpoint from what others have mentioned here in the comments section haven't read through the comments, but I think we should pay more attention to motivation because in the long run that is what will fuel your patience. Both Bitcoin mining and buying are the most popular ways to own Bitcoin faster but there both require time most especially of your attention to owning the Bitcoin is for the asset's sake, for your investment to yield profits you need to wait for some time and that is why most people advocate for long term bitcoin holding, so one needs the motivation to be able to wait for a couple of years before expecting a result.

I will love to go into Bitcoin mining as I have been involved in the altcoin market since the beginning of the altcoin boom in 2016-2017, I believe with my level of motivation and experience I will be able to wait for some time to build my mining farm since am doing it for the excitement sake I want to test the journey and contribute my quarter to the Bitcoin network.

[darkangel11]

I say buy it!

By mining you take all the unnecessary risk. You are unable to sell faster if you need money, have to worry about hardware shipments, thieves, fires... You need to pay electric bills, need a lot of money to begin with because on top of miners and electricity you need a suitable location with good ventilation. Buying and holding is so much easier. Mining is for enthusiasts.

[dlightag]

The two process you just mention is real and working in difference platform of Bitcoin mining, but it take time and patients to keep mining to accumulate a res-enable amount of bitcoin before withdrawal which is normally name as how many Satoshi cashing out on the platform, Therefore, i prefer to buy bitcoin, which come quickly in profits base on the entry points, for a trader to make profits in spot trading or Future trading as the case maybe in the ecosystem.   

[lucates]

For now, mining bitcoin, even using hardware or cloud mining, is not recommended because the difficulty level of bitcoin is now very high and the latest hardware is needed to get a lot of rewards.
That's why it's better to buy bitcoin than mine because by buying bitcoin, we can immediately get bitcoin with varying prices.
Besides that, we don't need to spend much money and just wait for the price to increase again.
While waiting, we can also buy more bitcoins, especially if the price drops again.

More miners means faster transaction verifications and less fraud. Later, ASIC miners invented super powerful computers designed just for mining bitcoin. Since so many miners have joined in the past few years, it's still almost impossible to mine alone. To solve this problem, mining pools were invented. Groups of miners formed together to deal with the growing difficulty of bitcoin mining.
A person should invest a particular amount before starting mining because it needs technology. In my opinion a person should started buying bitcoin before mining.

[Stable090]

Mining bitcoin is not easy and not everybody is capable of mining bitcoin anybody that those not have the capacity to mine bitcoin can easily buy bitcoin, just few people have the opportunity and capacity of mining bitcoin. Either you are buying or mining just have bitcoin in your wallet.

[wahyuagung26]

Both of these methods can be done, but what you need to know in each method has different risks, and actually both are good to do, but if you want to choose by mining the risk level is much higher than buying it , because on every platform not everything is true, there are many fraudulent platforms on some websites, but some are not Scam, if indeed you choose to mine you should study well and find out about a platform.

I myself prefer to buy it than you mine (not that I forbid you to mine), and if you want to buy look at the right time to do it.

[coolcoinz]

For me the biggest deterrent when choosing mining would be the risk of something going wrong. We all know the examples of bitcoin mining operations being destroyed by fires or raided by the police.
If you're able to dedicate 24 hours a day to your work and sleep next to your mining hardware like the Chinese do in those big farms, be my guest, mine. It's a great thing for enthusiasts who don't want a boring office work and prefer to set up miners instead.

[wagmi]

As someone who is not a coder, we should of course buy a Bitcoin.
When we engage in Mining, we need special knowledge for running a Bitcoin Miner and we also need some time to get our initial investment into Mining equipment back.
Because we have to buy it first.
When we have a bought Bitcoin, we can have profits from Bitcoin price increases directly.

You should also know about hashrate.
Because hashrate is going up every time, mining is getting more efficient, when new miners have more hashrate and if we are normal miners, even when we are coders, we have to compete against professional and industrial miners.
It is very difficult to get an initial investment back from mining when we buy mining equipment.

Buy and HODL is much better

wagmi

[Quidat]

Mining bitcoin is not easy and not everybody is capable of mining bitcoin anybody that those not have the capacity to mine bitcoin can easily buy bitcoin, just few people have the opportunity and capacity of mining bitcoin. Either you are buying or mining just have bitcoin in your wallet.

there are things lots to consider before doing some mining.

1. Energy cost
2. Location
3. Mining knowledge
4. Regulation
5. Mining rig cost

This is why i never touched up mining even there are times it do really give out some interest due into these reasons.
I dont like the hassle and im not really that too techy person on being good in setting up things.

[BALIK]

I say buy it!

By mining you take all the unnecessary risk. You are unable to sell faster if you need money, have to worry about hardware shipments, thieves, fires... You need to pay electric bills, need a lot of money to begin with because on top of miners and electricity you need a suitable location with good ventilation. Buying and holding is so much easier. Mining is for enthusiasts.

Agree with you, that buying is an easy thing, without us having to mine bitcoins, of course we have to work 24 hours, and not to mention the maintenance of all tools to keep them stable, if we buy we don't require to maintain mining equipment or maintain, just be quiet and monitor the price of bitcoin, that's why I prefer to buy rather than mine bitcoin, which requires a large capital of course...

Despite the fact that both can be profitable, mining requires us to handle more work, take more risks, and handle a larger amount of risk. If we just buy and hold with the money we have, then even if the market plummets, as long as we don't sell, we will never lose. But with mining it's not as simple as just buy and hold, if the market falls too deeply, bitcoin mining will face a lot of obstacles, you still have to spend the same amount for maintenance, operation, and electricity...while you have to sell bitcoins at a lower price to keep mining. Buying is still the better option, IMO.

[Devifajarina]

Mining also requires large capital, we have to prepare supporting equipment for mining, the laptops we have are not necessarily able to accommodate and if examined further, mining also requires sophisticated tools.
People can do any way to get bitcoin, but it must be ensured that we are in the right conditions. We can also invest Bitcoin quantitatively every day or only need to invest once to get long term returns. it's just a matter of strategy suitable for people to implement

[yazher]

Of course, everyone's opinion is different, some want bitcoin from mining, some want bitcoin by buying. and both also have risks, but I myself prefer to buy to get bitcoin.

Mining when you have the necessary tools and place to do so or else if you don't want to have to learn technical things about mining, just be a holder by buying low and selling high, that's what most investors doing right now. Anyway, it may sound simple but still, you need to understand that buying at the right time requires some patience and investment with your time to see and read the past movement of the price of bitcoins, or else you will just gonna gamble with your money and giving it high percentage risk to be lost.

[tygeade]

Mining also requires large capital, we have to prepare supporting equipment for mining, the laptops we have are not necessarily able to accommodate and if examined further, mining also requires sophisticated tools.
People can do any way to get bitcoin, but it must be ensured that we are in the right conditions. We can also invest Bitcoin quantitatively every day or only need to invest once to get long term returns. it's just a matter of strategy suitable for people to implement

Not even any of that would scare me, the fact that equipments are things that can die today if there is something wrong and you can't fix them is the main reason.

I mean think about it, we are talking about something that is hardware, and hardware fall all the time, you could take care of them if you are a smart person or an engineer or just in general understand these things, but people like me would need someone else's help to set them up, and again someone else's help to keep them running without a problem and also someone to repair them if they get a problem. This all eats away from your profit hence I do not think that it is a good idea.

[Devifajarina]

Mining also requires large capital, we have to prepare supporting equipment for mining, the laptops we have are not necessarily able to accommodate and if examined further, mining also requires sophisticated tools.
People can do any way to get bitcoin, but it must be ensured that we are in the right conditions. We can also invest Bitcoin quantitatively every day or only need to invest once to get long term returns. it's just a matter of strategy suitable for people to implement

Not even any of that would scare me, the fact that equipments are things that can die today if there is something wrong and you can't fix them is the main reason.

I mean think about it, we are talking about something that is hardware, and hardware fall all the time, you could take care of them if you are a smart person or an engineer or just in general understand these things, but people like me would need someone else's help to set them up, and again someone else's help to keep them running without a problem and also someone to repair them if they get a problem. This all eats away from your profit hence I do not think that it is a good idea.

It's not a matter of fear or not, the first reason may be true, because the equipment needed will die and cannot be repaired, so we should try to buy a new one.
while the second, if we are not hardware or network experts, this will also be problematic in the future, for some considerations, then we must do something based on expertise and skills.
but back to the OP, it's just a description of the story, when someone is not able to master the hardware in mining.

[exhort]

I'd only mine if there is no other way of acquiring Bitcoin like being unbanked or underage. Or if I got solar panels and free electricity. Otherwise buying is probably more profitable.

[TheUltraElite]

I'd only mine if there is no other way of acquiring Bitcoin like being unbanked or underage. Or if I got solar panels and free electricity. Otherwise buying is probably more profitable.

Underage does not seem appropriate here. Giving money in the hands of kids is a wrong thing to do but I guess most users are going to be of age in this sector. Kids should focus on building their career and education first to get a stable job.

Solar panels are expensive - the major concern of mining is to reduce the investment so as to maximize the ROI. You are not going to buy something that costs too much reducing the budget allocation to something else. Some miners are using it but they have much bigger farms and the number of ASICs here are making the difference.

Even then, with the huge hashpower struggles between mining pools, indie miners have very little scope to ROI. On the other hand, buying bitcoin is way easier.

[crypto_krylov]

I think it's better to buy bitcoin. As for me, mining a cue ball is a difficult and expensive business. Moreover, you can't do without ASIC here

[doomloop]

I'd only mine if there is no other way of acquiring Bitcoin like being unbanked or underage. Or if I got solar panels and free electricity. Otherwise buying is probably more profitable.

Underage does not seem appropriate here. Giving money in the hands of kids is a wrong thing to do but I guess most users are going to be of age in this sector. Kids should focus on building their career and education first to get a stable job.

Solar panels are expensive - the major concern of mining is to reduce the investment so as to maximize the ROI. You are not going to buy something that costs too much reducing the budget allocation to something else. Some miners are using it but they have much bigger farms and the number of ASICs here are making the difference.

Even then, with the huge hashpower struggles between mining pools, indie miners have very little scope to ROI. On the other hand, buying bitcoin is way easier.

Underage can be under 18 years old and we know that many centralized exchanges requires a kyc now. I think that's what he was worrying about but let us not forget that there are dexe's too which doesn't require a kyc and we can safely buy btc's there if we are not in the legal age.

I believe so many underage people are involved in cryptos right now due to the promised profit and also to that play to earn games. If he is unbanked that means he doesn't have any cash with him so how can he be able to mine a btc that way? Unless if he already have a miner with him or he uses someone else miner like his brother, father, friends, and cousins.

[m2017]

Of course, everyone's opinion is different, some want bitcoin from mining, some want bitcoin by buying. and both also have risks, but I myself prefer to buy to get bitcoin.

Well, there are only 2 options for opinions: either this or that. It seems to me that the level of risk is not comparable when buying btc and mining btc. Mining is more difficult, riskier and time/labor intensive. I understand and approve of your choice, and I believe that this is the best solution for beginners and people who are far from technical specialties and don't have such skills. I think that mining should be viewed as a business that requires organizational and management skills (like any business). Therefore, there are many factors that need to be taken into account in order for a mining business to be successful. In the case of investing in btc, everything is much simpler: bought - sold. If at the beginning of its journey bitcoin was unpredictable, now, bitcoin's cycles and the stages during this are well known, which makes it easier to speculate on this.

[tomos81]

If you want to buy bitcoins, you certainly can. Because its price is currently the lowest I can say that this is the Bitcoin to buy. Bitcoin price tends to increase a lot during Ananya period but Bitcoin price is very low during this period. Generally speaking, this is a good time to buy Bitcoin Bitcoin. The price of Bitcoin is currently very low so if you buy now the price will definitely increase and you can profit from it.

[tomos81]

Of course, everyone's opinion is different, some want bitcoin from mining, some want bitcoin by buying. and both also have risks, but I myself prefer to buy to get bitcoin.

Mining when you have the necessary tools and place to do so or else if you don't want to have to learn technical things about mining, just be a holder by buying low and selling high, that's what most investors doing right now. Anyway, it may sound simple but still, you need to understand that buying at the right time requires some patience and investment with your time to see and read the past movement of the price of bitcoins, or else you will just gonna gamble with your money and giving it high percentage risk to be lost.

Yes bro I agree with you because the price of Bitcoin is much lower than in the past. So if anyone wants to invest or hold then I think this is the right time. Because Bitcoin is again in continuation of the past will leave due to which if you hold for a long time then you will definitely get benefit from here. Original Investors are only holding for now. But that's the best thing to do, I think, in all cryptocurrency fields, including Bitcoin For all coins.

[Mahanton]

Of course, everyone's opinion is different, some want bitcoin from mining, some want bitcoin by buying. and both also have risks, but I myself prefer to buy to get bitcoin.

Mining when you have the necessary tools and place to do so or else if you don't want to have to learn technical things about mining, just be a holder by buying low and selling high, that's what most investors doing right now. Anyway, it may sound simple but still, you need to understand that buying at the right time requires some patience and investment with your time to see and read the past movement of the price of bitcoins, or else you will just gonna gamble with your money and giving it high percentage risk to be lost.

Yes bro I agree with you because the price of Bitcoin is much lower than in the past. So if anyone wants to invest or hold then I think this is the right time. Because Bitcoin is again in continuation of the past will leave due to which if you hold for a long time then you will definitely get benefit from here. Original Investors are only holding for now. But that's the best thing to do, I think, in all cryptocurrency fields, including Bitcoin For all coins.

Not all does have the patience on holding for long term on which there are ones who do really keeps minding about short term durations or decisions which would really make them able to make profits without the need
on holding for how many years.Speaking about choosing whether to buy bitcoin or mine it then it would vary into your interest since not all would really be that having the money plus other factors like energy cost
on the place where they live which would be a main concern whenever you do tend to mine bitcoin and with some complexity of the set up then it isnt really that for everybody.
Unless if you do love to make out  some discoveries or being that excited on trying out then its up to your choice.

[Bazzu]

As a beginner in bitcoin and crypto, I prefer to just buy rather than mining , because I don't understand bitcoin mining, so I prefer to buy, but there are some people who do bitcoin mining because they already understand bitcoin mining.

[Techkoy407]

mining bitcoin is quite promising but you have to remember that the capital to buy the equipment is also not small because it requires very sophisticated technology and a stable and continuous internet connection, so if it's an easy problem, it's definitely easier to buy bitcoin than mining, but mining also has its own advantages and it's promising too but in terms of preparation and equipment it is very complicated, so I personally prefer to buy than mining because buying is more practical.

[Japinat]

These are, in my opinion, the two independent ways to obtain bitcoin. Depending on how you want to get it, you have two options. If I were to give advice, I would recommend to only buy if you have funds you are willing to risk or can afford to lose. If there is no money, mining will require patience. You can choose between buying or mining; both options are valid.

When you mine a bitcoin you will also agree about the risk because mining a bitcoin is not easy. It's either you can earn more or you can lose more money in the process but before we get there, you must also have a good capital since bitcoin mining hardwares are not cheap. This is not an example of investing what you can only afford to lose but buying directly a bitcoin is, because you can lower the quantity according to your own capacity.

If there is no money available then you can't do both mining and buying a btc but there are still many ways to acquire a bitcoin for free and the only capital that you will be needing is your time and skill.

Yup, there are some other ways where we can accumulate bitcoin without buying or buying it. Just like you said, it is free but you need to pour a lot of your time and skills to get that free bitcoin, one example of that is joining signature campaigns. But let's get back to the OP's questions, buying bitcoin or mining bitcoin? Well, it really depends on which field you are more knowledgeable because mining bitcoin is not an easy job to pull off, and the same with buying it, it also needs a lot of capital for it to be more profitable. So, it's really up to us which is more convinient.

[Nrcewker]

Relatively speaking, cloud mining is the lowest cost.

Lowest cost is definitely a huge positive but if you don't actually make money in the end anyway, what's the point? Cloud mining services are either a scam, or very unprofitable for the service subscriber.

Yup I won’t suggest anyone to do cloud mining either.
95% of all the cloud minings are just scams, used to suck your money.
If I talk about OP, then I am in favour of Buying the Bitcoins. It’s just hassle free, no maintenance required as we need to do for a mining gig. Moreover the graphics card also have become expensive for which making it difficult to set up a mining rig.
In case of Buying the Bitcoins, you just pay and get your Bitcoins. Basically due to the easiness in handing while buying the Bitcoins, i am in support for this.

[LFC_Bitcoin]

With the cost of electricity in most first world nations, costly mining machines it’s 100% easier & better to buy bitcoin instead of mining. You may hear about a rare solo miner who gets lucky & mines a block but it’s very unlikely. I would advise solo miners to forget about trying & just buy bitcoin.

[isaac_clarke22]

~

I have not traded in DEX just yet since I am entirely focused on just holding Bitcoin. I am curious if those DEX allows people to "cash out" their holdings into whatever local currency they hold. Surely that would what underage people would do to get their profits. I had never seen any exchange yet that allows cashing out or selling your coins to local currency/paper money without any KYC that would involve your identity.

I am sure as well that there are a lot of underage people into crypto now starting when NFTs became hot in the news especially those NFT games that we hear a lot. I am waiting for those stories of high school teenagers that managed to became millionaire early from NFTs though I would not expect too much.

[Davidvictorson]

Well, I think that bitcoin mining is just for the wealthy. I'm referring to those who have access to, or are able to manage, their surroundings and resources, such as electricity supply, equipment for mining, a mining space etc. Despite the restriction on bitcoin in my country, I still find that P2P transactions are the simplest way to purchase bitcoin. I once tried cloud mining on my smartphone. It was a complete waste of time, data, and battery life.

[noormcs5]

Of course, everyone's opinion is different, some want bitcoin from mining, some want bitcoin by buying. and both also have risks, but I myself prefer to buy to get bitcoin.

Mining when you have the necessary tools and place to do so or else if you don't want to have to learn technical things about mining, just be a holder by buying low and selling high, that's what most investors doing right now. Anyway, it may sound simple but still, you need to understand that buying at the right time requires some patience and investment with your time to see and read the past movement of the price of bitcoins, or else you will just gonna gamble with your money and giving it high percentage risk to be lost.

Mining bitcoin in 2022 is not feasible at all and an individual person cannot mine bitcoin with ordinary mining equipment. These days there are mining firms which mine bitcoins on a large scale. It is not in a capacity for anyone to build a mining farm.
The only option we have is to buy bitcoins and if you can't buy a full bitcoin, buy with whatever money you have.

[Jatiluhung]

If you want to buy bitcoins, you certainly can. Because its price is currently the lowest I can say that this is the Bitcoin to buy. Bitcoin price tends to increase a lot during Ananya period but Bitcoin price is very low during this period. Generally speaking, this is a good time to buy Bitcoin Bitcoin. The price of Bitcoin is currently very low so if you buy now the price will definitely increase and you can profit from it.

indeed the price of bitcoin is now very suitable for accumulation. I also have implemented a purchase order entry at a price of $ 20,000. and then in the $19k area. I am also interested in mining. but currently accumulating through purchases is more of my choice. because I can't mine yet. and i am not knowledgeable enough to run mining.

[Raflesia]

Well, I think that bitcoin mining is just for the wealthy. I'm referring to those who have access to, or are able to manage, their surroundings and resources, such as electricity supply, equipment for mining, a mining space etc. Despite the restriction on bitcoin in my country, I still find that P2P transactions are the simplest way to purchase bitcoin. I once tried cloud mining on my smartphone. It was a complete waste of time, data, and battery life.

It is undeniable that this can indeed be true, regardless of anything mining must have sufficient finances in advance to buy the necessary tools and at least land and adequate electricity and internet in order to make a profit.
Talking about Cloud mining I agree because I've tried it and the conclusion is the same as you said.

[Lanatsa]

Well, I think that bitcoin mining is just for the wealthy. I'm referring to those who have access to, or are able to manage, their surroundings and resources, such as electricity supply, equipment for mining, a mining space etc. Despite the restriction on bitcoin in my country, I still find that P2P transactions are the simplest way to purchase bitcoin. I once tried cloud mining on my smartphone. It was a complete waste of time, data, and battery life.

It is undeniable that this can indeed be true, regardless of anything mining must have sufficient finances in advance to buy the necessary tools and at least land and adequate electricity and internet in order to make a profit.
Talking about Cloud mining I agree because I've tried it and the conclusion is the same as you said.

Most of cloudmining are shit and scam and if there are legit ones then the ROI is way too long or even your contract wont be enough on having that break even with your investment thats why its never been worth

nor recommendable on doing so.I would rather buy bitcoin and hold it to save myself into those stress and all the hassle on doing things just like on mining.It is really not a cheap venture if you do really go into this

path which there are lots of factors need to be considered first before you would really be able to do mining and this wont guarantee out profits because it does vary with energy cost.

[Raflesia]

It is undeniable that this can indeed be true, regardless of anything mining must have sufficient finances in advance to buy the necessary tools and at least land and adequate electricity and internet in order to make a profit.
Talking about Cloud mining I agree because I've tried it and the conclusion is the same as you said.

Most of cloudmining are shit and scam and if there are legit ones then the ROI is way too long or even your contract wont be enough on having that break even with your investment thats why its never been worth

nor recommendable on doing so.I would rather buy bitcoin and hold it to save myself into those stress and all the hassle on doing things just like on mining.It is really not a cheap venture if you do really go into this

path which there are lots of factors need to be considered first before you would really be able to do mining and this wont guarantee out profits because it does vary with energy cost.

When I got to know bitcoin a few years ago I had tried this but it was because my expectations were too high that I was disappointed and left Cloudminning because this is just a waste of time and it turns out that I'm not the only one who has tried something like this because remembering from this thread alone there are a few people who have tried it.
Now I'm doing the same thing, I'd rather buy than mining. The reason is simple, I don't really like working with such tools even though it is profitable but I know my capacity and I still feel that I will not succeed in mining.

[Pierre 2]

I imagine this was very long term past question as there are so many miners right now that its nearly impossible to make huge gains over Bitcoin mining. Best option is to mine when it's cheaper so you can net so much more profits (like 3x) in future. But its not very different than buying and hodling. I feel like Bitcoin mining shouldn't be done by individuals right now unless you are desperate and you have free electricity tbh.

[8rch7]

Honestly, I myself feel confused when faced with the choice of mining or buying, of course if we buy bitcoin we don't need to drain our energy and we don't need to think about expensive electricity prices and all computer tools for mining, we only need money to buying bitcoins when prices are low, but the benefits we get from mining bitcoins are definitely very much different from what we buy, because if we mine bitcoins we certainly don't think too much about rising and falling prices, because the machine produces a consistent amount of btc every time ,because what we use is a mining machine,

[romero121]

Mining a bitcoin is a difficult task. Buying is quite simple, even the person with basic understanding about using a smartphone can use it with ease. For mining the user needs good technical knowledge and the source of energy with which everything runs. Above all is the capital without which setting up miners won't take place. For a common man buying is the right choice.

[Jatiluhung]

Mining a bitcoin is a difficult task. Buying is quite simple, even the person with basic understanding about using a smartphone can use it with ease. For mining the user needs good technical knowledge and the source of energy with which everything runs. Above all is the capital without which setting up miners won't take place. For a common man buying is the right choice.

that's what i do. I don't know much about the technicalities of bitcoin mining. That's why I also prefer to buy bitcoins than mine them. because I know that I have not been able to mine at this time. because my knowledge about it is not enough. but to accumulate bitcoin through trading is quite easy to learn. but i'm little by little learn bitcoin mining and other things related to bitcoin. although there are many foreign terms that I have to learn. And it's not as easy as I thought.

[darewaller]

Mining a bitcoin is a difficult task. Buying is quite simple, even the person with basic understanding about using a smartphone can use it with ease. For mining the user needs good technical knowledge and the source of energy with which everything runs. Above all is the capital without which setting up miners won't take place. For a common man buying is the right choice.

yes mate, there are two ways to own Bitcoins. It is relatively difficult, especially those who are ignorant about mining or who do not have the necessary instruments will not be able to mine. But it is very easy to collect bitcoins by purchasing but definitely there will need sufficient money.

I agree with the easy part. I mean I am one of those people who are ignorant on the part where mining is just way too advanced for me. Not in the way that you could buy some asic miners and plug them in and make them work, that part is easy but I am a bit of an ignorant person when it comes to problems with machines and that is why I am not dealing with anything that goes into repairing, and mining requires a bit of repairing when the time comes which is why it is not going to be that easy for me.

This means that we should be expecting something a little bit easier for us considering how we could simply just buy bitcoin and that would be the end of it, all we have to do is wait after that.

[Warkop]

If you want to buy bitcoins, you certainly can. Because its price is currently the lowest I can say that this is the Bitcoin to buy. Bitcoin price tends to increase a lot during Ananya period but Bitcoin price is very low during this period. Generally speaking, this is a good time to buy Bitcoin Bitcoin. The price of Bitcoin is currently very low so if you buy now the price will definitely increase and you can profit from it.

indeed the price of bitcoin is now very suitable for accumulation. I also have implemented a purchase order entry at a price of $ 20,000. and then in the $19k area. I am also interested in mining. but currently accumulating through purchases is more of my choice. because I can't mine yet. and i am not knowledgeable enough to run mining.

I also do the same thing with you, that buying is an easier way than mining, because of course mining requires a very large capital, using mining machines at least we have to compete, it's very complicated if we do it, with minimal knowledge, that's why I decided to focus on buying at some of the prices I had set and the lowest Bitcoin prices...

[danadc]

I have been researching a lot, and I have read many threads about bitcoin mining, I have tried to get help on what is better to buy or mine, but I see that mining bitcoin is very difficult because it is not that profitable, I have seen that some people They mine bitcoin with small computers, with a laptop and they last 3 months, but when their mining is finished, they must quickly buy other PCs to continue mining, I have been about to do it because the mining machines are very expensive and I do not have enough money to buy, but competing against the big bitcoin miners is something that has no limits, I think the best thing is to buy bitcoin.

[|MINER|]

Buying bitcoin and Mining a bitcoin is completely different from each other , buy a bitcoin is part of trading where you need a fund for trade and on the others hand to do mining you need to set up a Rig and not only that it requires a lot of electricity. And the price of bitcoin is now over 19k it's mean a lot on the others hand You can build a setup for mining for less than 1 bitcoin but mining will be time consuming. Now try to see which one you can put effort into first.

[len01]

actually it's not all that complicated. if you have enough money, you can make a machine to mine bitcoins and if you don't have much money you can buy bitcoins little by little and hold until you have a few bitcoins.
like me, i'm currently following a signature campaign that pays for bitcoin and when i get the bitcoins i collect them into a few bitcoins without selling them. and in the real world i also work in a company and the salary i get from work i buy bitcoins a few % to increase my assets in bitcoin.
i'm never afraid of losing the money i've made into bitcoin because my mind is bitcoin is the best money.


so the conclusion is mining bitcoin or buying bitcoin is the same, it's just different circumstances and ways

[Daltonik]

The choice between buying and mining, I do not consider cloud mining as mining, but as a risky investment and there are much more risks here than just investing in the purchase of bitcoin. And I believe that it is better to choose the purchase of bitcoin here, of course, just continuing to buy on the fall and this will compensate for your drawdowns. For mining itself, you need significant initial costs and even fixed costs for paying electricity bills, repairs, of course, unless you are an enthusiast and have enough funds to organize a large mining farm.

[Tony116]

The choice between buying and mining, I do not consider cloud mining as mining, but as a risky investment and there are much more risks here than just investing in the purchase of bitcoin. And I believe that it is better to choose the purchase of bitcoin here, of course, just continuing to buy on the fall and this will compensate for your drawdowns. For mining itself, you need significant initial costs and even fixed costs for paying electricity bills, repairs, of course, unless you are an enthusiast and have enough funds to organize a large mining farm.

Mining can also be profitable but it will be difficult to hold in the beginning, with buy and hold you can start with any amount and we can accumulate over time. But to mine, you need a very large initial amount to buy mining equipment, operating costs, maintenance, repair... and depend on a lot of energy sources. If you live in an energy scarce and expensive country like Europe, mining these days will only make you a loss, not a profit, not to mention the bear market that causes the bitcoin price to plummet, mining will not be profitable and to sustain sometimes you need to spend a lot of money during this time. In my opinion, mining is more suitable for large-sized organizations and companies than individuals.

[Kaliandra]

it seems that if you mine you have to have very large capital and you have to have a lot of knowledge, personally I prefer to just buy btc because I don't know much about mining, if you buy you just have to think about the strategy and the right time to buy it. because in my opinion the most important thing is to benefit from investing in btc, such as buying in a bear market and selling in a bull market.

[sesterceshop]

I think mining Bitcoin could be better than buying Bitcoin for several reasons. First, mining Bitcoin is more stable and predictable than buying Bitcoin. You don’t have to worry about the price fluctuations and market risks of Bitcoin. You can earn a steady income from your mining machine every day, as long as you have enough electricity and internet connection.

Second, mining Bitcoin is more rewarding and satisfying than buying Bitcoin. You can feel the joy of creating new bitcoins and contributing to the security and decentralization of the network. You can also learn more about the technology and innovation behind Bitcoin.

Third, mining Bitcoin is more cost-effective and profitable than buying Bitcoin. You don’t have to pay high fees and commissions to buy Bitcoin from exchanges or brokers. You can also take advantage of cloud mining services that offer low-cost and high-performance mining machines.

That's why I think mining is better because you can get more bitcoins for less money.

[noormcs5]

Buying bitcoin and Mining a bitcoin is completely different from each other , buy a bitcoin is part of trading where you need a fund for trade and on the others hand to do mining you need to set up a Rig and not only that it requires a lot of electricity. And the price of bitcoin is now over 19k it's mean a lot on the others hand You can build a setup for mining for less than 1 bitcoin but mining will be time consuming. Now try to see which one you can put effort into first.

Mining bitcoin BTC is no longer possible for an individual due to the increase in the difficulty and we need heavy equipment to mine bitcoins.

Buying bitcoin is the only option left with us and it is the more convenient option between the two. However, we should buy Bitcoin in the bear market or before the start of the bull run. Many people buy bitcoin in the bull run at high prices when the whales and investors are actually dumping them.

[bitzizzix]

It's simple, if you want to have lots of bitcoins without effort and time, without very large capital, without thinking about maintenance and so on. It's better for you to buy bitcoins and you can also have lots of bitcoins by buying them regularly or carrying out the DCA strategy, and without worrying because you just sit back and wait for the price to rise even though it takes a long time because bitcoin is a promising long-term investment.
mining in my opinion, it's just a waste of your time, effort, money, electricity or sanity trying to do something highly technical and expensive that you don't understand. If there is something easier and cheaper because we can buy as many bitcoins as we can afford and in the long run we will have a lot of bitcoins if we do it regularly, why not choose to buy.

[Bitcoin_people]

There are two ways to acquire bitcoins one is mining and the other is investing money. Basically Bitcoin mining costs a lot but there are some mining that do not cost anything. But I think buying with bitcoin money is more convenient than mining and it costs less and is easier to do. But in order to mine bitcoins, there are many types of costs to be paid, then when the mining machine is turned on, the cost is constantly falling, and the amount of bitcoins to be mined is also specified. So buying and investing in bitcoins is beneficial and there is not much risk involved. It has been observed that when the price of Bitcoin falls, it suffers some losses but then compensates again. In that case we can easily buy bitcoins at lower cost than mining but mining is better but the cost increases a bit.

[Litzki1990]

Buying Bitcoin at the right time is a better decision than mining Bitcoin. Bitcoin mining is not that easy, Bitcoin mining usually requires a lot of electricity. In addition to electricity, many other devices are required to mine Bitcoin. If the price of electricity is high and if there is no electricity all the time then Bitcoin mining can be loss making rather than profit making. Buying Bitcoins is more profitable than mining Bitcoins if you can wait and buy Bitcoins at the right time without mining them. I think buying bitcoins at the right time is a better way than mining bitcoins

[lousie9]

mining in my opinion, it's just a waste of your time, effort, money, electricity or sanity trying to do something highly technical and expensive that you don't understand.

Yes you're right, it's true that mining Bitcoin requires a lot of preparation in my opinion and operational costs are expensive, even now there are more scams in cloud mining.
I also think it's better to buy and hold it because it's simpler and less complicated to prepare and we don't have to think about operational costs in mining and maintenance costs and so on.
Mining or buying doesn't matter as long as we have to do what is in accordance with the conditions, abilities and knowledge we have. In my condition and knowledge I think it is more risky to mine than to buy and hold.

[CageMabok]

it seems that if you mine you have to have very large capital and you have to have a lot of knowledge, personally I prefer to just buy btc because I don't know much about mining, if you buy you just have to think about the strategy and the right time to buy it. because in my opinion the most important thing is to benefit from investing in btc, such as buying in a bear market and selling in a bull market.

Buying also requires basic capital even though everyone can provide capital according to their abilities, because buying Bitcoin can also be done with little or sober capital. And what distinguishes this from mining is the device or tool that must be there when you want to do mining, besides that mining does not need to see a certain time or moment, such as buying at low prices and selling at high prices.

Actually, both of these things must have a strategy and both have risks with their respective levels. It's just that some people are just more concerned about which things are easier for them to do at any time based on the level of knowledge they have. So, in this case, of course, more people choose to buy with as much capital as they can, rather than making mining devices that can cost more.

[posi]

Buying Bitcoin at the right time is a better decision than mining Bitcoin. Bitcoin mining is not that easy, Bitcoin mining usually requires a lot of electricity. In addition to electricity, many other devices are required to mine Bitcoin. If the price of electricity is high and if there is no electricity all the time then Bitcoin mining can be loss making rather than profit making. Buying Bitcoins is more profitable than mining Bitcoins if you can wait and buy Bitcoins at the right time without mining them. I think buying bitcoins at the right time is a better way than mining bitcoins

If buying bitcoin is more profitable than mining bitcoin then why do we have millions of miners and miners still active? Even bitcoin mining organizations are much bigger than investors, not to mention maybe miners are the big whales in the market. They could spend millions, billions of dollars mining bitcoin, they wouldn't be so stupid as to not know which one is more profitable.

For investors who do not have too much capital, buying bitcoin will be a better choice than mining, but if you have large capital, cheap and abundant energy, mining will bring better profit and much more stable than investment. So make a fair judgment on a case-by-case basis, don't just rely on what you do and think it's for the best.

[kingvirtus09]

If I only had enough money to buy an asic miner, I would prefer to mine Bitcoin because there is no hassle. As long as the kwh consumption of my electricity here in my house is also low. It's just that electricity is expensive here in my country, so Bitcoin mining is not practical in my area.
So, my choice would be to just buy Bitcoin and do day trading to accumulate earnings every day, which anyone who will do trading activity in the crypto space should also have enough knowledge.

[Makus]

Buying of Bitcoin would be better than mining as there are other expenses added to buying of Bitcoin
Bitcoin mining profit is determined by the amount of computer power which is the amount of miners in your mining farm an their hash rates, recommended miners are up to hundreds of tera hash per second which cost about thousands of dollar, so imagine you buying 50 miners which consumes kilowatts of electricity.

[taufik123]

Buying Bitcoin at the right time is a better decision than mining Bitcoin. Bitcoin mining is not that easy, Bitcoin mining usually requires a lot of electricity. In addition to electricity, many other devices are required to mine Bitcoin. If the price of electricity is high and if there is no electricity all the time then Bitcoin mining can be loss making rather than profit making. Buying Bitcoins is more profitable than mining Bitcoins if you can wait and buy Bitcoins at the right time without mining them. I think buying bitcoins at the right time is a better way than mining bitcoins

When is the right time to buy?
That question always arises from someone who is about to get into Bitcoin.
There are various answers to that question.

Maybe in general the answer that will be given is when the price of Bitcoin drops or when bitcoin goes into bearish mode.
But will that guarantee we will get the best price?
Of course not, because the decline in the price of Bitcoin we will not know completely, there are only a few predictions that might give a sign that the decline in bitcoin will end at the strongest support.

The right time to buy bitcoin depends on the investment strategy implemented by each person.
If the investment target to be achieved is long-term, then as long as Bitcoin has not reached the latest ATH it is the best price.

Especially seeing the current price, which is far below the last ATH, of course it will be a good time.

Then about mining or buying Bitcoin, it's a choice for everyone.
For those who have mastered mining and know what the benefits and risks are, mining is the right choice.
Indeed, electricity costs will swell, but electricity costs will not increase, but its use is increasingly wasteful with mining devices that continue to operate.

Moreover, device maintenance as well as several algorithms that must be understood to do bitcoin mining.sharks like to pounce

[TravelMug]

If I only had enough money to buy an asic miner, I would prefer to mine Bitcoin because there is no hassle. As long as the kwh consumption of my electricity here in my house is also low. It's just that electricity is expensive here in my country, so Bitcoin mining is not practical in my area.
So, my choice would be to just buy Bitcoin and do day trading to accumulate earnings every day, which anyone who will do trading activity in the crypto space should also have enough knowledge.

But you have to take into consideration the electricity of Kwh consumption in your country. And even if it is low, perhaps your government might found out that you are using a lot of electricity and it could raise a big flag.

So it's really hard to become a solo miner now, unlike in the early years of bitcoin wherein you can simply mined with GPU, not it's not practical as the hardware is very expensive.

[KiaKia]

Those options are great and it's left for you to choose a side, I mean some people who likes Bitcoin so much invest and mine Bitcoin, it's like a hobby that keeps them busy instead of spending their times doing other things.

Bitcoin mining is not that profitable right now and the reason why many people still mine is because of the future, and also because it has turn into an hobby for them, they love doing it.

The reason why many people prefer buying is because they don't derive any fun in mining, they want quick money fast and every miners that mine Bitcoin in a bear market without selling their gears have patience when it comes to money making, they understand that making money is not like casting a spell and money start dropping from heaven.

Some stayed away because of the stress of monitoring their mining farm, because you won't be able to travel far away unless you have someone who is capable of monitoring the rigs when you are gone.

[Obari]

In general, there are two ways to acquire bitcoins: buying them with real money or "mining" them. The process of mining is the process of acquiring bitcoin, and therefore mining is mining for coins.

Well there are other ways to earn bitcoin  and participating signature campaign is one of the ways to earn bitcoin and mining bitcoin  isn't an easy one and considering  the cost of acquiring mining machines and cost of setting up the miner is something else and if you have the money to start up a mining farm then I will advice that you just use the money to buy bitcoin and hold for longer time because it has been proven that buying and holding bitcoin for a long time is the best and with minimal least.

But if you have the option of buying and mining, I will always advice that you go for buying if the money is big or equivalent  to starting a mining farm.

[UchihaSarada]

it seems that if you mine you have to have very large capital and you have to have a lot of knowledge, personally I prefer to just buy btc because I don't know much about mining, if you buy you just have to think about the strategy and the right time to buy it. because in my opinion the most important thing is to benefit from investing in btc, such as buying in a bear market and selling in a bull market.

If you have good technical knowledge and can fix things in computer hardwares, electricity, ventilation systems and some more technical ones for your mining farm operation and maintenance, you can buy mining rigs and run your mining farms because it will help you get more bitcoin with same capital.

If you are not good in technical setup and fixing, maintenance, mining is not for you. Buying bitcoin with your capital will be easier and more profitable for you.

Mining or investing with your capital, store your bitcoin in self custodial wallet is mandatory.

[rojan]

Buying bitcoin and Mining a bitcoin is completely different from each other , buy a bitcoin is part of trading where you need a fund for trade and on the others hand to do mining you need to set up a Rig and not only that it requires a lot of electricity. And the price of bitcoin is now over 19k it's mean a lot on the others hand You can build a setup for mining for less than 1 bitcoin but mining will be time consuming. Now try to see which one you can put effort into first.

I think there is a difference between investing in bitcoin and mining bitcoin. I find investing in bitcoin easier than mining bitcoin. For which I would prefer to invest. Mining has a lot of hassles which I don't like. Investment  If there is a chance to make a profit, mining requires a lot of electricity and seems like a lot of trouble to me. That's why I'm more interested in investing.

[cheezcarls]

If only I could travel back in time like more than a decade ago, I would choose both buying and mining BTC. Why? Because that time BTC was insanely cheap and the mining was easy where only a handful are just sharing in the mempool.

But fast forward to today? Not a chance to plan mining BTC because the mining difficulty keeps leveling up every halving period. As for buying BTC?

As long I can afford to buy, doing DCA and acknowledging risks, then it’s good to go.

[tjtonmoy]

I would not consider mining as my first choice. It requires huge investment and time to get back the invested funds and also to make profits. The current situation with mining is critical as the competition is so high. If you are not equipped with a good mining rig, you can not make enough to cover your expenses that go into maintenance. For that reason, you can not just go straight away and start mining.
On the other hand, buying Bitcoin is an easy option. Those who know the process can invest in Bitcoin just by buying. With Bitcoin buying, you can start from as low as $5-10, and all you need to do is HODL. You can also learn how to DCA. With buying investment method, all you need to learn is emotion control and build up a mindset to HODL for a long time. Bitcoin history tells it all. And there are no such complicated things like market analysis or price movements with Bitcoin investment. All you do is buy at any time (If you are unable to do things like market analysis) and just HODL for the market rise. You don't have to check the market regularly as your target should be for a long time.
If you know how this works, then I guess you will change your opinion on which one you should choose.

[panganib999]

The end goal is always getting a bitcoin in the process. The means just differ. It's all a matter of preference really. If you think you want to consistently earn bitcoins on the long run and don't mind the upfront costs of paying for a mining rig, then mining bitcoins is the way to go. If you're looking however to save money as much as possible but still want to get into the bitcoin business then buying bitcoins outright is your better option as it allows you to acquire bitcoins without the need to pay for a mining rig.

Of course acquiring the means of production is the better option but sometimes the second choice is the best one, especially if you're gauging your financial capability.

[Wimex]

Of course, everyone's opinion is different, some want bitcoin from mining, some want bitcoin by buying. and both also have risks, but I myself prefer to buy to get bitcoin.

well we can also earn by working here in forum or outside, as you have been wearing signature also and there are chance that your payment will be converted into bitcoin in the next days.
we all do this from Bounty payments to break and take bitcoin instead.

but also? i commonly buy bitcoin from my extra income and from my gambling wins .

also some of my friend  pays me using bitcoin in my product selling Online .

This is true, at this point we cannot limit ourselves to saying that there are only two methods to get bitcoin, however, focusing on the question that OP asks, about whether it is better

mine a Bitcoin or buy a bitcoin？

I would have to say that it depends on the circumstances of said person, since both options are good, but certain aspects must be taken into account. If an individual decides to buy bitcoin, the only thing that could limit this is the fact that they have a good amount of money to be able to access it, after that they would have to invest it so that they obtain good remunerations in a period of time. Now, if you choose to carry out bitcoin mining, you must have the ability to cover everything that this work entails, either due to legal issues in the country that could limit your work, or due to the simple fact that you do not have the necessary tools such as example good electrical energy, since this type of work consumes a good amount of energy, now if we omit the obstacles that they could have, the profits of practically creating this currency, are quite good compared to buying bitcoin.

[fauzan Ichsan]

The end goal is always getting a bitcoin in the process. The means just differ. It's all a matter of preference really. If you think you want to consistently earn bitcoins on the long run and don't mind the upfront costs of paying for a mining rig, then mining bitcoins is the way to go. If you're looking however to save money as much as possible but still want to get into the bitcoin business then buying bitcoins outright is your better option as it allows you to acquire bitcoins without the need to pay for a mining rig.

Of course acquiring the means of production is the better option but sometimes the second choice is the best one, especially if you're gauging your financial capability.

indeed to mine bitcoins requires a large amount of capital, but the advantage is that we will get bitcoins continuously, so that our number of bitcoins increases, this will be more meaningful when we get a lot and the bull season comes. however, people like me prefer to buy it, considering they don't have enough capital for mining. moreover bitcoin is very easy to buy according to our financial capabilities, we can buy it in stages and hold it, to get profit according to our target

[bayu7adi]

To embark on home mining, you must first invest in some expensive equipment. Once acquired, maintaining these tools and keeping meticulous records become imperative since home mining consumes substantial power. However, you hold full control over the process.

In contrast, cloud mining still evokes limited trust. The underlying concern stems from the lack of direct control over the mining machines. Instead of guaranteeing profits upon initial investment, there remains a possibility of encountering detrimental issues when investing more, leading to potential losses.

I never discourage anyone from delving into Bitcoin mining, but it is essential for aspiring Bitcoin miners to comprehend the risks they might encounter.

As long I can afford to buy, doing DCA and acknowledging risks, then it’s good to go.

I personally prefer the gradual acquisition approach, as suggested, mainly because I lack the luxury of devoting ample time to managing mining machines. Additionally, cloud mining has never piqued my interest.

[Adams0001]

one of the advantages of cloud mining is that you don't have to constantly monitor the market due to price fluctuations and you can earn a relatively regular income at a low cost, but now it's really difficult to mine bitcoin and in the current situation mining returns may vary due to competition in the market. there are advantages and disadvantages on both sides, but I know that mining in the current situation is really hard work and I prefer to buy

There is no perfect way to obtain bitcoin; it is equivalent to asking if you should invest in diamonds or own a diamond mine. As with gold and diamonds, the cost of starting a mining operation is substantially more than traditional means of procurement, but the potential profits are significantly larger. People mine bitcoin primarily for the purpose of obtaining bitcoin or exchanging it for fiat currency such as USD. If you want more bitcoin, simply purchase them. If you want more USD, simply buy some BTC and hold it for 2-4 years before selling it. Don't squander your time, effort, money, electricity, or sanity attempting to achieve something extremely technical and costly that you can't. However, if you have a great understanding of bitcoin, I'd recommend you invest in bitcoin instead, since it's a far more viable/safe alternative, as mining bitcoin won't offer you with any value. Mining Bitcoin consumes a lot of resources, and the payoff isn't even guaranteed, making it an even worse option.

[Blitzboy]

The end goal is always getting a bitcoin in the process. The means just differ. It's all a matter of preference really. If you think you want to consistently earn bitcoins on the long run and don't mind the upfront costs of paying for a mining rig, then mining bitcoins is the way to go. If you're looking however to save money as much as possible but still want to get into the bitcoin business then buying bitcoins outright is your better option as it allows you to acquire bitcoins without the need to pay for a mining rig.

Of course acquiring the means of production is the better option but sometimes the second choice is the best one, especially if you're gauging your financial capability.

The appeal of having a Bitcoin is undeniable! Everyone wants one, right? Without a Bitcoin, you're not in crypto. Sure, you could buy a mining rig, but then there are electricity, maintenance, and other fees.

For the chance to mine Bitcoin. How if block rewards halve before you mine one? You'd have pricey technology and a high electricity bill, but no Bitcoin. If you say mining is the "way to go", bear that in mind.

You may also buy a Bitcoin outright, which may cost a lot, but you have one, right? Remember, its about making smart decisions, not getting the most Bitcoin!

[Aanuoluwatofunmi]

whether one chooses to buy bitcoins or mine them, both methods come with their unique set of advantages and risks.

Before taking decision on which to go for, we have to first analyze them both to understand the basic requirements needed and how we can best fit in for either mining bitcoin or making an investment in bitcoin, though i will say anyone can invest in bitcoin over time or trade bitcoin which either of the choice can work perfectly for a newbie to quickly learn and go for, but in the case of bitcoin mining, there's a technical aspect of it which may requires experience in the field before one can start, not only that, there are other necessary requirements which everyone may not have the conditions attached to them and this is why you may discover more people into bitcoin  trading investment than mining bitcoin.

[lepbagong]

The end goal is always getting a bitcoin in the process. The means just differ. It's all a matter of preference really. If you think you want to consistently earn bitcoins on the long run and don't mind the upfront costs of paying for a mining rig, then mining bitcoins is the way to go. If you're looking however to save money as much as possible but still want to get into the bitcoin business then buying bitcoins outright is your better option as it allows you to acquire bitcoins without the need to pay for a mining rig.

Of course acquiring the means of production is the better option but sometimes the second choice is the best one, especially if you're gauging your financial capability.

indeed to mine bitcoins requires a large amount of capital, but the advantage is that we will get bitcoins continuously, so that our number of bitcoins increases, this will be more meaningful when we get a lot and the bull season comes. however, people like me prefer to buy it, considering they don't have enough capital for mining. moreover bitcoin is very easy to buy according to our financial capabilities, we can buy it in stages and hold it, to get profit according to our target

So far, mining seems to be the best option if it's done, but the main problem is that the initial funds absorbed are not a small amount that has to be spent and it's usually very rare for someone to do it alone, always in collaboration with other investors.
had an incident, because there were so many who wanted to do mining until the equipment needed became scarce, and if there was one it was very expensive and this was a separate obstacle.
mining is like making a company that all you have to think about from workers, equipment, etc . which in the end is not just mining, but also must be smart to manage it.

there are always good and bad sides if you want to do it, because mining seems easy and it seems that it will continue to produce but it is not as easy as imagined, there will always be problems and complications that can occur.
If I'm asked to choose, obviously I'd be better off just investing and waiting until the halving era occurs and continuing to do that alone is sure to be profitable, and I can make purchases in installments.
once again, each individual will be different in what they reveal and all can be good according to their own views.