Ninjastic
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Board Bitcoin Discussion
Re: Is it better to mine or buy Bitcoin?
by
4U
on 11/03/2018, 21:25:36 UTC
Quote from: edsnowangel on March 11, 2018, 04:56:31 AM
Quote from: doraegun on March 07, 2018, 02:10:55 AM
Quote from: QN2018 on February 02, 2018, 01:27:13 PM

 i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.




Absolutely yes, instead to build a high capacity hardware and software just making a shortcut method, you need to make your own fiat money to invest in BTC. instantly you made an investment that period of time. while you mine of Bitcoin like what you said that's expensive and made along time of you build that kind of equipment.

yes definitely agree with you if you have a big money to start with then you can do mining bitcoin because there are thing need to consider when you start mining bitcoin. first is the electricity consumption and the maintenance of the equipments
I have the different decision to some extent as according to me If you have a lot of money even then it is not good to mine because as you said it will consume a lot of electricity and a lot of money to buy the good quality of mining equipment, today everyone want to use bitcoin and they want to buy the goods with bitcoin to that is the reason it will be better if you buy bitcoin at low price and save for the long time instead of mining for the short time without saving it, I am totally in favor  of buying bitcoin not to mine at all.