Post
Topic
Board Bitcoin Discussion
Re: Buying BTC vs Mining it
by
m2017
on 21/04/2022, 07:40:38 UTC
Mining has to buy software requires a lot of money and paying for electricity also costs money and it takes time to get bitcoin the process is long so I use my money to buy bitcoins and I save I believe the bitcoins I save will be a valuable asset in the future.
Buying and holding bitcoin is an easier step than mining bitcoins, besides requiring a large enough capital to buy mining equipment such as special software and hardware to mine bitcoin, of course that miners must also have extensive knowledge of computer programming languages, I think mining indeed it is more profitable if we do it on a large scale but for small scale and small capital I think it is very risky and it is better to use that capital to buy bitcoin in the market.
In BenjaminGlover's case, I would listen to your comments. Indeed, mining carries great risks due to the fact that you need special equipment, knowledge and experience in this area. This can be done by experienced people and best of all, on a large scale. Otherwise, I don't think it will be reasonabled. The days when you could mine on your home PC in your garage are long gone. Now, large players dominate in this area and it will be difficult. In my opinion, a simple purchase of BTC for the average user is the simplest and most effective solution, with a very low entry threshold. What can not be said about mining.