Beginners Guide | Bitcointalksearch.org

CryptoBuddha

full member

Activity: 233

Merit: 100

reality is what you think it is

Quote from: ostrogoto2012 on May 17, 2016, 12:01:35 AM

i would like to start mining but it is not easy sometime, and also it could cost lot money!

LOL So what's your point? This way i can tell so:

i would like to
start mining
run a shop
be a self-employed taxi driver
have my own bakery
grow vegetables
play poker
do anything profitable
but it is not easy sometime, and also it could cost lot money!

ostrogoto2012

hero member

Activity: 1134

Merit: 501

i would like to start mining but it is not easy sometime, and also it could cost lot money!

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: CryptoBuddha on May 15, 2016, 12:35:37 PM

Quote from: TCK on May 13, 2016, 10:09:19 AM

Hey, someone told me hashnest is the biggest scam site, why would they say that if it wasn't true?

I guess that someone was trying to get you into his own pseudo-cloudmining scheme. Hashnest is owned by bitmain - the company that produces mining hardware of their own. I'm not advertising anything though Grin

Most likely this is true. Look into some of the accounts that push some of the crap scam cloud mining sites. The only cloud mining site I would even send people to is hashnest. It just is the only one around with the legitimacy.

That being said I personally would think about buying a miner and looking at hosting as a option. I just like owning the hardware as it gives me something to sell at the end. Which can be a nice little bump in ROI.

CryptoBuddha

full member

Activity: 233

Merit: 100

reality is what you think it is

Quote from: TCK on May 13, 2016, 10:09:19 AM

Hey, someone told me hashnest is the biggest scam site, why would they say that if it wasn't true?

I guess that someone was trying to get you into his own pseudo-cloudmining scheme. Hashnest is owned by bitmain - the company that produces mining hardware of their own. I'm not advertising anything though Grin

KarlY7

newbie

Activity: 18

Merit: 0

Quote from: TCK on May 13, 2016, 10:09:19 AM

Hey, someone told me hashnest is the biggest scam site, why would they say that if it wasn't true?

Really? I wanna know why they say so too!

TCK

newbie

Activity: 26

Merit: 0

Hey, someone told me hashnest is the biggest scam site, why would they say that if it wasn't true?

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: KarlY7 on May 12, 2016, 08:56:50 PM

Quote from: notlist3d on May 12, 2016, 07:43:20 AM

Quote from: KarlY7 on May 12, 2016, 03:21:55 AM

So we should use ant mining or also cloud mining is the same?
because i found cloud mining on oxbtc, the maintenance fee is very cheap.
could someone give me advice?
Thanks in advanced!

Don't go with one that you found that has cheap prices. Sadly cloud mining if full of scams. A lot of sites do not even have gear behind them, they fake mining.. give you part of what you paid.. and in the end you lose money.

I really like owning gear personally. You might look at owning the gear and hosting it somewhere. There are lot's of options out there for this. But if you do decide to go cloud mine as Phil suggested deffinaly go with hashnest.

Thank you for your advice! It's very helpful, i will be care of all these cloud mining site.
i see their mining facility on facebook so i decide to make a little invest.
if i got any news i will come back to post it.
thanks again for your advice!

I hope you stuck with a "little" as they are so many cloud mining scams. Hashnest is the ONLY one you will find people recommending if you really want cloud mining, and there is good reason for that.

I personally like idea of owning miner and hosting it somewhere even better myself. But anyone reading be careful with "low cost/high roi" cloud mining. As a lot of those sites will take the money and run, or just simulate mining and make it appear you lost some money due to fees. Most of these fly by night cloud mining sites I doubt even have equipment.

KarlY7

newbie

Activity: 18

Merit: 0

Quote from: notlist3d on May 12, 2016, 07:43:20 AM

Quote from: KarlY7 on May 12, 2016, 03:21:55 AM

So we should use ant mining or also cloud mining is the same?
because i found cloud mining on oxbtc, the maintenance fee is very cheap.
could someone give me advice?
Thanks in advanced!

Don't go with one that you found that has cheap prices. Sadly cloud mining if full of scams. A lot of sites do not even have gear behind them, they fake mining.. give you part of what you paid.. and in the end you lose money.

I really like owning gear personally. You might look at owning the gear and hosting it somewhere. There are lot's of options out there for this. But if you do decide to go cloud mine as Phil suggested deffinaly go with hashnest.

Thank you for your advice! It's very helpful, i will be care of all these cloud mining site.
i see their mining facility on facebook so i decide to make a little invest.
if i got any news i will come back to post it.
thanks again for your advice!

KarlY7

newbie

Activity: 18

Merit: 0

Quote from: philipma1957 on May 12, 2016, 07:21:02 AM

Quote from: KarlY7 on May 12, 2016, 03:21:55 AM

So we should use ant mining or also cloud mining is the same?
because i found cloud mining on oxbtc, the maintenance fee is very cheap.
could someone give me advice?
Thanks in advanced!

most cloud mining sites are terrible dishonest etc. ponzi schemes

here is a cloud site from the biggest builder of gear. bitmaintech built the s-1 the s-3 the s-5 the s-7

https://www.hashnest.com/

https://www.facebook.com/hashnest/

will it make money for you I have no idea. but they let you sell the hash pretty easy if you want to quit.

I have used them and made a small profit maybe 10 btc in and 10.5 btc out.

Thanks so much for your kind heart!! I learn a lot!
i have email oxbtc and they told me that i could see their mining facility if i want.
though i don't know if i should trust them, but i can buy 100GHS to try, also it got coupons now so it won't cost me to much for a try. if i don't want it anymore i can sell it.
And thanks for the info of hashnest, i will try that too!

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: KarlY7 on May 12, 2016, 03:21:55 AM

So we should use ant mining or also cloud mining is the same?
because i found cloud mining on oxbtc, the maintenance fee is very cheap.
could someone give me advice?
Thanks in advanced!

Don't go with one that you found that has cheap prices. Sadly cloud mining if full of scams. A lot of sites do not even have gear behind them, they fake mining.. give you part of what you paid.. and in the end you lose money.

I really like owning gear personally. You might look at owning the gear and hosting it somewhere. There are lot's of options out there for this. But if you do decide to go cloud mine as Phil suggested deffinaly go with hashnest.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: KarlY7 on May 12, 2016, 03:21:55 AM

So we should use ant mining or also cloud mining is the same?
because i found cloud mining on oxbtc, the maintenance fee is very cheap.
could someone give me advice?
Thanks in advanced!

most cloud mining sites are terrible dishonest etc. ponzi schemes

here is a cloud site from the biggest builder of gear. bitmaintech built the s-1 the s-3 the s-5 the s-7

https://www.hashnest.com/

https://www.facebook.com/hashnest/

will it make money for you I have no idea. but they let you sell the hash pretty easy if you want to quit.

I have used them and made a small profit maybe 10 btc in and 10.5 btc out.

KarlY7

newbie

Activity: 18

Merit: 0

So we should use ant mining or also cloud mining is the same?
because i found cloud mining on oxbtc, the maintenance fee is very cheap.
could someone give me advice?
Thanks in advanced!

theosnovis

newbie

Activity: 7

Merit: 0

Quote from: Martins17 on April 21, 2016, 09:03:10 AM

Does mining actually can be profitable in 2016 guys?

As stated before, it comes down to how many time you want to invest and how expensive your power is.
I started of by buying a kw/h measuring gadget and i let my SP20E run for a month, after that i calculated if i made any profit at all.
In my case i came out even, because the electricity is around 17 cents per KW. Still i find the exchange from money to electricity to BTC to money again quite fun and i like to fumble around electronics. So that's a huge plus for me.
And if you are here for profit, having a S7 Antminer would be a huge bonus.
I hope that's an ok answer for you!

naruto2660633

newbie

Activity: 1

Merit: 0

Hi, I am new here. Just call me Naruto.

I am new to coin mining. Hi to all you guys here.

Dahhi

full member

Activity: 238

Merit: 100

MERCATOX

Quote from: sez1001 on March 28, 2016, 01:15:34 AM

WOW super advise guys!!! <3

Are there recommend pools? Or just 'what's best for you'?

I hear a lot about slush's pool and bitminter Huh

Thanks again for all your help!

I recommend Kano.is, you stand a slightly higher chance of making more money.

Check this thread to know more: https://bitcointalk.org/index.php?topic=1338693.new#new

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: leowonderful on March 27, 2016, 06:56:57 PM

Remember that your router ip has to be 192.168xxx, otherwise it will not work.

True for dhcp, for static IP they do in fact work on 10.x.x.x

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: mamakass72 on April 27, 2016, 09:54:31 PM

Hi guys !
Please don't laugh or roll your eyes!
I'm trying here!lol!
How do I deposit my bitcoin from one address to other?
I'm missing something?
Do I need to go to a certain place-Whenever I am asked to deposit bitcoin it gives me an address that looks like my bitcoin address but I don't know what to do- Do I need a bitcoin wallet and if so do you all recommend one over the other.
Any good suggestions on where to get lots of free bitcoin?
I live in Miami and a lot of people are not aware of Bitcoin-
Please help!
Thank you in advance
mamakass72

Yes you need a wallet it will store your bitcoins, and allow them to send to another address. But from the wallet holding your coins you say to send to another address. Read up on which ever wallet your using most have little FAQ and make it very easy.

I think you just need to do a little searching on bitcoin. I would be careful holding to much till you do some research.

mamakass72

newbie

Activity: 1

Merit: 0

Hi guys !
Please don't laugh or roll your eyes!
I'm trying here!lol!
How do I deposit my bitcoin from one address to other?
I'm missing something?
Do I need to go to a certain place-Whenever I am asked to deposit bitcoin it gives me an address that looks like my bitcoin address but I don't know what to do- Do I need a bitcoin wallet and if so do you all recommend one over the other.
Any good suggestions on where to get lots of free bitcoin?
I live in Miami and a lot of people are not aware of Bitcoin-
Please help!
Thank you in advance
mamakass72

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: unholycactus on April 21, 2016, 02:50:58 PM

Quote from: notlist3d on April 21, 2016, 01:00:45 PM

Quote from: Martins17 on April 21, 2016, 09:03:10 AM

Does mining actually can be profitable in 2016 guys?

Yes but it's gotten much harder at this point. You really need cheap electricity at this point there is no way around it. If you don't have cheap electricity then no you will not profit.

And remember profit's from mining never have and never will be a sure bet. There is always risk with a mining investment. Right now a big risk is if you buy gear... how long till next gen? Answer is no one knows.

There's a stochastic part to mining profitability and it is the difficulty increase.

Someone mentioned above he was getting different values from different calculators, this is where it comes from.
It's really hard to guess and it's why investing in mining is pretty risking since you usually can't reach ROI very quickly.

Some calculators are horrible they will show a year at current difficulty, and try for investments using misleading info. This is part of why I like bitwisdom it's great to be able to change difficulty. Even still your right it's speculation and hard to get right long term, just is very hard.

And yes at one time it was 3 month ROI. Now day's on asics it's much much longer, some even have to count on sales to make ROI. So has gotten harder to ROI.

unholycactus

legendary

Activity: 1078

Merit: 1024

Quote from: notlist3d on April 21, 2016, 01:00:45 PM

Quote from: Martins17 on April 21, 2016, 09:03:10 AM

Does mining actually can be profitable in 2016 guys?

Yes but it's gotten much harder at this point. You really need cheap electricity at this point there is no way around it. If you don't have cheap electricity then no you will not profit.

And remember profit's from mining never have and never will be a sure bet. There is always risk with a mining investment. Right now a big risk is if you buy gear... how long till next gen? Answer is no one knows.

There's a stochastic part to mining profitability and it is the difficulty increase.

Someone mentioned above he was getting different values from different calculators, this is where it comes from.
It's really hard to guess and it's why investing in mining is pretty risking since you usually can't reach ROI very quickly.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Martins17 on April 21, 2016, 09:03:10 AM

Does mining actually can be profitable in 2016 guys?

Yes but it's gotten much harder at this point. You really need cheap electricity at this point there is no way around it. If you don't have cheap electricity then no you will not profit.

And remember profit's from mining never have and never will be a sure bet. There is always risk with a mining investment. Right now a big risk is if you buy gear... how long till next gen? Answer is no one knows.

Martins17

newbie

Activity: 39

Merit: 0

Does mining actually can be profitable in 2016 guys?

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: toodamntired on March 30, 2016, 11:51:31 AM

How do you figure out if it will return a profit for you? i have seen tons of online calculators and none of them return the same results..

Biggest thing is electricity price, it will make or break your ROI. Second is VAT some countries it kills mining to. But electricity is by far the biggest thing. If you know your electricity we can give you a little bit of help if it's possible. But it's all speculation.

You can run a ROI calculator your self - https://bitcoinwisdom.com/bitcoin/calculator hardest part long term on that is difficulty changes. They have become pretty hard to predict.

toodamntired

sr. member

Activity: 471

Merit: 250

How do you figure out if it will return a profit for you? i have seen tons of online calculators and none of them return the same results..

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Das on March 28, 2016, 06:55:50 AM

Quote from: FUBAR-BDHR on March 26, 2016, 01:02:28 PM

Quote from: sez1001 on March 26, 2016, 03:54:31 AM

Hi All,

My first post, so i will introduce myself... I'm Sara... Hi!

There is a lot of information around, I guess the hardest part is knowing where to start without jumping around and picking up bits of info, rather than something more structured!

I have bought an ant miner s3 used off eBay to get started with

Are there any getting started guides around you guys would recommend?

Thanks

Quick instructions.

-Get a receiving address from your wallet
-Join a mining pool.
-Create a worker on the pool
-Find your S3 on the network (factory default is 192.168.1.99) and use your web browser to connect to it
-Go to network tab and setup the info. I recommend setting the miner to another address in case you ad a second. Reconnect to the new IP.
-Go to system tab and administration. put in a password.
-Go to status tab and miner configuration.
-Put in your pools stratum address, worker username and worker password. If the pool does not use worker passwords just put an x.
-Save everything.
-Go to miner status and you should see the pool showing alive and the miner hashing. If not reboot the miner and check again.

That's it for an S3.

By the way, what is a mining pool and what is S3?

One topic that I suggest you look into is ROI. Or Return On Income, with crypto currency ROI makes or breaks you. It is going to be highly linked to your electricity price. So you need to know your electricity price and be 100 percent sure of it then start looking into ROI.

But that is one of the biggest topics to look into when thinking about being a miner. It also can be one of the hardest as speculation is not easy on difficulty currently.

HagssFIN

legendary

Activity: 2464

Merit: 1710

Electrical engineer. Mining since 2014.

Quote from: Das on March 28, 2016, 06:55:50 AM

Quote from: FUBAR-BDHR on March 26, 2016, 01:02:28 PM

Quote from: sez1001 on March 26, 2016, 03:54:31 AM

Hi All,

My first post, so i will introduce myself... I'm Sara... Hi!

There is a lot of information around, I guess the hardest part is knowing where to start without jumping around and picking up bits of info, rather than something more structured!

I have bought an ant miner s3 used off eBay to get started with

Are there any getting started guides around you guys would recommend?

Thanks

Quick instructions.

-Get a receiving address from your wallet
-Join a mining pool.
-Create a worker on the pool
-Find your S3 on the network (factory default is 192.168.1.99) and use your web browser to connect to it
-Go to network tab and setup the info. I recommend setting the miner to another address in case you ad a second. Reconnect to the new IP.
-Go to system tab and administration. put in a password.
-Go to status tab and miner configuration.
-Put in your pools stratum address, worker username and worker password. If the pool does not use worker passwords just put an x.
-Save everything.
-Go to miner status and you should see the pool showing alive and the miner hashing. If not reboot the miner and check again.

That's it for an S3.

By the way, what is a mining pool and what is S3?

1. Pooled mining:
https://en.bitcoin.it/wiki/Pooled_mining

2. Antminer S3

Quote

Specifications:
Hash Rate: 441 GH/s±5%
Power Consumption: 340 Watt at the wall
Power Efficiency: 0.77 J/GH on wall
Power Supply: 12V DC
Size: 331 mm x 137 mm x 160 mm
Fans: Two 12038 fans mounted on both front and back ends.
Operating Temperature: 0 °C to 35 °C
Complied with: FCC / CE
Network Connection: Ethernet

Das

sr. member

Activity: 308

Merit: 250

Quote from: FUBAR-BDHR on March 26, 2016, 01:02:28 PM

Quote from: sez1001 on March 26, 2016, 03:54:31 AM

Hi All,

My first post, so i will introduce myself... I'm Sara... Hi!

There is a lot of information around, I guess the hardest part is knowing where to start without jumping around and picking up bits of info, rather than something more structured!

I have bought an ant miner s3 used off eBay to get started with

Are there any getting started guides around you guys would recommend?

Thanks

Quick instructions.

-Get a receiving address from your wallet
-Join a mining pool.
-Create a worker on the pool
-Find your S3 on the network (factory default is 192.168.1.99) and use your web browser to connect to it
-Go to network tab and setup the info. I recommend setting the miner to another address in case you ad a second. Reconnect to the new IP.
-Go to system tab and administration. put in a password.
-Go to status tab and miner configuration.
-Put in your pools stratum address, worker username and worker password. If the pool does not use worker passwords just put an x.
-Save everything.
-Go to miner status and you should see the pool showing alive and the miner hashing. If not reboot the miner and check again.

That's it for an S3.

By the way, what is a mining pool and what is S3?

RichBC

hero member

Activity: 588

Merit: 500

I know a lot of people do not like them but you will find getting going on Antpool or F2pool the easiest. Once you have your system reliably running then you can try some of the others like kano & slush.

Rich

FUBAR-BDHR

hero member

Activity: 702

Merit: 1000

★The Best Adult Video Chat Platform★

I've been mining on Slush since I started. Other than the occasional run of bad luck no complaints.

sez1001

newbie

Activity: 8

Merit: 0

WOW super advise guys!!! <3

Are there recommend pools? Or just 'what's best for you'?

I hear a lot about slush's pool and bitminter Huh

Thanks again for all your help!

leowonderful

legendary

Activity: 1624

Merit: 1130

Bitcoin FTW!

Remember that your router ip has to be 192.168xxx, otherwise it will not work. I wish Antminers worked on 10.0.0.x, because when I switched my router ip, it was a pain in the butt. Took down a few electronics, but was fine after a few days. Nowadays I run a few s3s and 2 s5s on my router, still fine n working.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: sez1001 on March 26, 2016, 03:54:31 AM

Hi All,

My first post, so i will introduce myself... I'm Sara... Hi!

There is a lot of information around, I guess the hardest part is knowing where to start without jumping around and picking up bits of info, rather than something more structured!

I have bought an ant miner s3 used off eBay to get started with

Are there any getting started guides around you guys would recommend?

Thanks

Once you get it setup on your network it's pretty much sign up for a pool, and enter information on S3. So the one people have most trouble with is networking I would say as entering info.... is pretty easy.

Do you know the IP of your miner? Do you know the IP range your network uses?

RichBC

hero member

Activity: 588

Merit: 500

Also for the s3 do not forget the dogie guide.

https://bitcointalksearch.org/topic/guide-dogies-comprehensive-bitmain-antminer-s3-setup-hd-702653

Rich

FUBAR-BDHR

hero member

Activity: 702

Merit: 1000

★The Best Adult Video Chat Platform★

Quote from: sez1001 on March 26, 2016, 03:54:31 AM

Hi All,

My first post, so i will introduce myself... I'm Sara... Hi!

There is a lot of information around, I guess the hardest part is knowing where to start without jumping around and picking up bits of info, rather than something more structured!

I have bought an ant miner s3 used off eBay to get started with

Are there any getting started guides around you guys would recommend?

Thanks

Quick instructions.

-Get a receiving address from your wallet
-Join a mining pool.
-Create a worker on the pool
-Find your S3 on the network (factory default is 192.168.1.99) and use your web browser to connect to it
-Go to network tab and setup the info. I recommend setting the miner to another address in case you ad a second. Reconnect to the new IP.
-Go to system tab and administration. put in a password.
-Go to status tab and miner configuration.
-Put in your pools stratum address, worker username and worker password. If the pool does not use worker passwords just put an x.
-Save everything.
-Go to miner status and you should see the pool showing alive and the miner hashing. If not reboot the miner and check again.

That's it for an S3.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: sez1001 on March 26, 2016, 03:54:31 AM

Hi All,

My first post, so i will introduce myself... I'm Sara... Hi!

There is a lot of information around, I guess the hardest part is knowing where to start without jumping around and picking up bits of info, rather than something more structured!

I have bought an ant miner s3 used off eBay to get started with

Are there any getting started guides around you guys would recommend?

Thanks

sure some on youtube wait for a link
https://www.youtube.com/watch?v=KtvHY0GYGHk
https://www.youtube.com/watch?v=u0pEPjo3BWU

sez1001

newbie

Activity: 8

Merit: 0

Hi All,

My first post, so i will introduce myself... I'm Sara... Hi!

There is a lot of information around, I guess the hardest part is knowing where to start without jumping around and picking up bits of info, rather than something more structured!

I have bought an ant miner s3 used off eBay to get started with

Are there any getting started guides around you guys would recommend?

Thanks

Topic: Beginners Guide (Read 4582 times)