Author

Topic: Best way to start (Read 645 times)

member
Activity: 70
Merit: 10
Software Developer
newbie
Activity: 13
Merit: 0
January 06, 2014, 07:44:03 PM
#13
so for 3 days of mining I made 0.006 BTC this way.  about $2 a day. 

That isn't much for scrypt mining. What is your hash rate? There must be something wrong with the setup I think.

Cfx.

about 320 kHash per card.  Multipool puts me at 550-700 khash/s on average.  They are the R9 270 cards, not the 270x cards so they are quite a bit slower.  I went through about every combination of options for CGminer except for overclocking them.  Multipool puts my 24 hour profitability at BTC 0.00214865 

(they work great for gaming at 5760x1080 over 3 monitors though)
sr. member
Activity: 364
Merit: 250
January 06, 2014, 07:28:52 PM
#12
so for 3 days of mining I made 0.006 BTC this way.  about $2 a day. 

That isn't much for scrypt mining. What is your hash rate? There must be something wrong with the setup I think.

Cfx.
newbie
Activity: 5
Merit: 0
January 06, 2014, 07:14:07 PM
#11
newbie
Activity: 13
Merit: 0
January 06, 2014, 07:11:43 PM
#10
I'd agree with just buying some.

Over the weekend I mined altcoins to trade for BTC. 

Have 2 AMD R9 270 cards.  I set a CGminer (mining software) so work on the pool at www.multipool.us.  Multipool mines the most profitable altcoin so it switches to what ever is best to mine.  It mostly mined Dogecoins but there are about 6 others it mined. 

I set up payouts to go right to Cryptsy (www.cryptsy.com) and autosell for BTC. 

so for 3 days of mining I made 0.006 BTC this way.  about $2 a day. 



This morning I bought 0.1 BTC from coinbase.com for $92 and it is worth $101 at MTgox now.   (granted I could not move it out of MTgox as cash without some hefty transfer costs and a lot of time). 

So I'd recommend starting by setting up an account at coinbase.com (if you are in the US) go through the process for verification which took me a full month for everything and just buy into some coins. 

cp1
hero member
Activity: 616
Merit: 500
Stop using branwallets
January 06, 2014, 07:03:11 PM
#9
Small and fast trades (buying and selling) are better than buying 300Gh/s in a mining group?


Any tips where to buy BTC with good price?

Where are you?
newbie
Activity: 5
Merit: 0
January 06, 2014, 07:00:15 PM
#8
Small and fast trades (buying and selling) are better than buying 300Gh/s in a mining group?


Any tips where to buy BTC with good price?
newbie
Activity: 7
Merit: 0
January 06, 2014, 02:32:36 PM
#7
Buy BTC, All the best wishes for 2014
member
Activity: 70
Merit: 10
January 06, 2014, 02:26:43 PM
#6
The best way for you is to buy BTC. Can't believe people are telling you you to buy mining gear, learn how to mine and learn how to trade as the best/easiest way.
newbie
Activity: 38
Merit: 0
January 06, 2014, 02:07:24 PM
#5
1.Buy some VGA cards and equipment - MB, CPU, RAM, HDD, PSU.
2.Gain some altcoins.
3.Go to the exchange and change them for BTC.

That's best you can do!

Wich alt coins do you recommend?

now ?

DOGE ...FST, TAG, SBC ...or just LTC
profitability:
http://www.coinwarz.com/cryptocurrency
newbie
Activity: 5
Merit: 0
January 06, 2014, 01:17:54 PM
#4
1.Buy some VGA cards and equipment - MB, CPU, RAM, HDD, PSU.
2.Gain some altcoins.
3.Go to the exchange and change them for BTC.

That's best you can do!

Wich alt coins do you recommend?
newbie
Activity: 36
Merit: 0
January 06, 2014, 01:02:47 PM
#3
1.Buy some VGA cards and equipment - MB, CPU, RAM, HDD, PSU.
2.Gain some altcoins.
3.Go to the exchange and change them for BTC.

That's best you can do!
full member
Activity: 147
Merit: 100
January 06, 2014, 01:01:30 PM
#2
Best for me is mining with GPU rig Scrypt coin and exchnge to Bitcoin
newbie
Activity: 5
Merit: 0
January 06, 2014, 12:51:00 PM
#1
Hey!

Buying shares in mining groups are the best way to start with btc?

If not, what's the best way in your opinion?

 Huh Huh Huh Huh Huh

Tks
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