Mining VS Buying BitCoins?

As Bitcoin’s price continues to rise recently people are asking if it’s better to mine Bitcoins or to buy them. Bitcoin mining requires high speed computers and efficient hardwares. Mostly it can cost from few hundred to thousand dollars. Bitcoin by default will make mining a difficult task with time (though miners can earn via transaction fees).

If you do have enough time and money to invest in Bitcoins Farm then go for mining.

Can I not establish a mining farm myself?

If you have the following advantages then it may be feasible to go into bitcoin mining.

  • Free or near-free electricity

  • Cool climate

  • Millions $USD in capital

  • Technical expertise

  • First access to the latest ASICs

  • If you don ‘t have enough time and money to invest in Bitcoins Farm then go for Cryptogold mining.

If not, you are almost certainly better off just buying and holding BTC. If you are interested in mining cryptocurrencies, I would suggest you participate on LifeTime Mninig, and mine altcoins and BItcoin.

Bitcoin mining profitability is not a linear function. It depends on number of factors:

  • Your contribution to total network hash rate

  • Current Difficulty, block reward and time

  • Your electricity and maintenance cost

  • Life period of the equipment or cloud mining scheme

Due to high complexity to mining for Bitcoin, I suggest small investors to buy the Mining Pools of Bitcoin and AltCoins directly instead of buying it or mining it Yourself.

CRYPTO GOLD – SHARING MY ELEVENTH  DAY of BITCOIN MINING RESULTS

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