Topic: $100 to spend on Coins/mining gear or something (Read 627 times)
get to an exchange and await the great crash that will allow you to get maybe 0.4 or so coins for your $100.
Bitcoins is best, you could only buy 2 USB block erupters for $100
at what rate would a USB block erupter mine?
So I'm a newbie and I'm looking into getting into bitcoining and litecoining. From what I've heard litecoin is more profitable since it's like bitcoin jr right now. (That's how I've heard it put) So with that being said I'm going to have a maximum of $2000 to invest at the first of the year and I'm curious which is the best way to go? First things first.... Do I need a dedicated machine for each bitcoin and litecoin mining? Or if I was to get a butterfly labs rig that could handle 25gh/s for $1249 could I share that between mining for each application? My guess is no! Please guide me in this direction. I'm basing my funds to use on current technology not what they may have next year. Also is it really that easy to hook a 25Gh/s bitcoin miner to a new computer and run the miner program connecting to a pool and let it do it's thing? Also another question I have is do you put all your nuts in one basket by only dedicating your computer to one pool or do you run multiple pools? I can do my research on who the best one's are I'm just curious on so many things. Please do your best to guide me on this subject as I'm very tech savy with pc's and hardware but with this mining is NEW to me!!!
Well, first of all, don't get the bfl labs rig if you are trying to mine litecoins, because it won't work.
If you want to mine litecoins, you have to buy good graphics cards.
With the money you have to invest, you can buy some good enough ones to get you some litecoins.
All you need to connect rigs to computers are drivers and programs.
It's not hard to do.
You could go to localbitcoins or use coinbase.
So I'm a newbie and I'm looking into getting into bitcoining and litecoining. From what I've heard litecoin is more profitable since it's like bitcoin jr right now. (That's how I've heard it put) So with that being said I'm going to have a maximum of $2000 to invest at the first of the year and I'm curious which is the best way to go? First things first.... Do I need a dedicated machine for each bitcoin and litecoin mining? Or if I was to get a butterfly labs rig that could handle 25gh/s for $1249 could I share that between mining for each application? My guess is no! Please guide me in this direction. I'm basing my funds to use on current technology not what they may have next year. Also is it really that easy to hook a 25Gh/s bitcoin miner to a new computer and run the miner program connecting to a pool and let it do it's thing? Also another question I have is do you put all your nuts in one basket by only dedicating your computer to one pool or do you run multiple pools? I can do my research on who the best one's are I'm just curious on so many things. Please do your best to guide me on this subject as I'm very tech savy with pc's and hardware but with this mining is NEW to me!!!
Bitcoins is best, you could only buy 2 USB block erupters for $100
Yes it is (well maybe not currently because the prices are dropping due to China).
Mining is useless (especially with the inflated prices and the increased difficulty).
Bitcoins is best, you could only buy 2 USB block erupters for $100
with current difficulty level you can't mine that much with USB miners.
Bitcoins is best, you could only buy 2 USB block erupters for $100
I think Coinbase is a secure wallet/semi-exchange.
If you are only interested in btc, you can be safe, buying some from there.
Or, with your money, you can speculate and buy some alt-coins.
But, unless you go for LTC or something, this method can be more risky.
If you are only interested in btc, you can be safe, buying some from there.
Or, with your money, you can speculate and buy some alt-coins.
But, unless you go for LTC or something, this method can be more risky.
i recommend CEX, you mine while you hold on to GHS, and you can convert GHS back to BTC. but you need BTC to get GHS.
im mining with arround 6gh/s on cex atm with my own miners (11 block erupters and 1 blue fury)
Hello orcanice,
you can also participate in one of the many "Group Buys" in the "Mining" sub-section - there you have the possibility to join mining with relatively low capital.
Cheers
you can also participate in one of the many "Group Buys" in the "Mining" sub-section - there you have the possibility to join mining with relatively low capital.
Cheers
have been looking at that. but they will only accept bitcoins.
try to buy bitcoins instead. go to localbitcoins.com and find someone in your neighborhood.
can't find anything on localbitcoins.com near me. i have been looking at it but dont know what exchange thats trusted
try to buy bitcoins instead. go to localbitcoins.com and find someone in your neighborhood.
Hello orcanice,
you can also participate in one of the many "Group Buys" in the "Mining" sub-section - there you have the possibility to join mining with relatively low capital.
Cheers
you can also participate in one of the many "Group Buys" in the "Mining" sub-section - there you have the possibility to join mining with relatively low capital.
Cheers
i recommend CEX, you mine while you hold on to GHS, and you can convert GHS back to BTC. but you need BTC to get GHS.
what can i get for that? if we are talking any mining gear it has to be Europe
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