Quote from: imamanandyou on April 25, 2015, 09:44:16 PM

Quote from: LFC_Bitcoin on April 25, 2015, 08:23:04 PM

Quote from: BTCevo on April 25, 2015, 02:03:25 PM

Why so many people now buy bitcoin rather than mine it? Mining is one of the best invest in this bitcoin altough it is so slow for now but still we can mine and get btc from it and if you guys always buying bitcoin when will you get your own bitcoin? I dont think you guy got some profit because you can't earn back after you lost it

Mining is very expensive.
Both the equipment & electricity bills.

Its also very difficult to profit. Its hard to get a single miner and break even. You need bulk quantities + cheap electricity to make a go of it nowadays!

Yup, a fact many people forget to take into account is the amount of electricity mining Bitcoins consumes. That's also the reason why most mining farms (who mine in an extremely big scale) are located in areas with cheap - or even free(!!!) - electricity! Those areas include Mongolia, for example Cheesy