Quote from: Sim_card on August 03, 2023, 08:02:24 PM

Quote from: Lida93 on February 09, 2023, 10:32:11 AM

Quote from: |MINER| on January 07, 2023, 11:22:50 PM

Quote from: BitDane on January 04, 2023, 11:33:05 PM

Quote from: gunhell16 on December 23, 2022, 01:55:20 PM

Quote from: Peace(ASIC supplierChina) on October 26, 2021, 09:09:45 AM

What is your reason for starting mining?

How do you define whether a supplier is legit?

Thanks

It's better to mine bitcoin and to do it you need to have enough or too much money to buy bitcoin mining machines. Because once you start it is a great saving for the future, the only disadvantage is that when the value of bitcoin falls in the market, the cost of electricity increases especially because of the mining machine used in bitcoin.

Therefore, during a bear market, it is better to invest in bitcoin in well-known exchanges and play with it in trading, because it is easier to make money during these times.

But if you know of legitimate suppliers that you can get bitcoin mining from you can check out this site
https://www.globalsources.com

At the current market situation, I think it is better to buy Bitcoin than buying an ASIC and mine Bitcoin. If you buy bitcoin , you save yourself from setting up mining rig, maintenance, and noise created by miner oh, and also save you from the complaint of your neighbor if you are just a wall away from them. You also save yourself from possible early machine break out. There is more pro than cons in buying Bitcoin directly than buying ASICS and mining Bitcoin.

Looking at the cryptocurrency market today, almost everyone will say the same thing that buying Bitcoin is better than making ASIC and mining. I also think that buying bitcoins would be best at the moment but should not mix trading with ASIC and mine bitcoins separately.

As currently Bitcoin mining is not becoming profitable due to electricity bills and dumping of the market, I think even if you are going to trade, you have to take trades for long term where the investment will not get any profit quickly. So I think both the sectors have their pros and cons now I think it depends on the individual which one he chooses.

But in this case I don't think it should be arguable about the pros of investing on bitcoin to bitcoin mining, like it outweighs the mining of it. Imagine a situation where you just buy at a certain price then sit back give it some time without having to stress out to see your investment yield profit even if it takes a year or two.

Meanwhile apart from the hussle and financial burden one has to bear to make available all equipments needed for mining including electricity bills, have you wondered if there should be a natural disaster taking place like wild fire, flooding , these occurrence is capable of stalling mining operations for a longer period as electricity distribution would drastically be affected and cut off putting all mining activities to a hold whereas some that just invested in bitcoin could be experiencing a bull along the way in that same occurrence.

I agree with all your statement that buying bitcoin is better than mining bitcoin. To mine bitcoin one need to pass through a lot of stress and spent a lot of money on electricity and mining equipment. If you use all these funds put together you will ha e a significant amount of bitcoin and you can hodli till thy kingdom come,depends on when you will like to sell off. If you start mining bitcoin, there are possibilities that you will run at loss and one can pack up his mining farm but when your bought bitcoin is in your noncustodial wallet very safe,it is compulsory that you will make good profit from your bitcoin investment portfolio

When anyone comes to me talking about being confused either to invest into bitcoin mining or it's preferable to buy and hodl. I first think of the cost of organizing the needed equipments for mining and electricity fees. That's a good amount of money that can buy you admirable units of bitcoin and with the bitcoin halving in focus the worthiness in buying and HODLing becomes so important than mining right now.