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Apr 13, 2014 . Drawn by the virtual currency's jump in value last year, digital prospectors have turned the mining industry into an arms race as they buy expensive computing equipment and gobble up electricity. While that worked well as long as bitcoin's value kept rising, smaller players are now being crowded out by.
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Think about it like this: Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker. So Bitcoin is no different. You should just buy some if you want coins without trying to mine.
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