Post
Topic
Board Bitcoin Discussion
Re: Did you mine it or buy it?
by
BTCevo
on 05/05/2015, 16:38:01 UTC
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

Why shouldn't people go and buy Bitcoins!? It really doesn't matter if you mined the Bitcoins yourself or whether you bought them. If you're mining in a pool, you don't even get the Bitcoins you've mined - you most likely haven't even found a block, you just made sure a certain range of hashes didn't contain a valid block-solving-hash.

It just the same like you buying things then. If you are buying bitcoin with all of your money why dont you just do trading altough bitcoin price is too volatile but at least you wont spend your own currency to buy it. Its just like using your invested money to be invested again. Yes nowadays so many blocks to solved thats why so many people suggested me for buying but it just wasting you own fiat money

I don't quite get the first part of your sentence... I still think buying Bitcoin is a safer thing than mining Bitcoin, because mining BTC exposes you to an even higher risk than just buying BTC. What do you mean by "nowadays so many blocks to solved"!? The amount of blocks being solved isn't changing over time (except for variance. It's 144 blocks per day on average, so it could be 130 per day, or even 200 per day on occasion).

I mean buying bitcoin is for your the early fund that you need to do trading so after you already got back your early money back better just use the profit to trading or doing whatever you want to do so you still get profit by using your own profit, so its nothing to lose