mine a Bitcoin or buy a bitcoin？

[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.