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Topic: Bitcoin (Read 111 times)

hero member
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_""""Duelbits""""_
Today at 06:40:18 AM
#12
I don't want to highlight mining in this case because I think it's not my realm which for now I'm not a miner and don't have further knowledge for this but I will answer about the second point in this case. I think we know that in the end everyone has their own desires, has their own mindset and has their own financial condition and it's all different from one another. So when we are asked how much money we need to invest in bitcoin, the answer will certainly vary because it adjusts to the capabilities of each.

What needs to be emphasized in this case is as long as you are able to invest and how much your readiness is at risk including being ready to lose then that's how much money you can invest in bitcoin. Regardless of people's input by having to be in bitcoin as much as possible as long as you are not able to accept the risk then do not be forced because you know your financial strength and condition so do not let when the hype is high you become a fomo who is not ready for all conditions and the worst possibilities when in bitcoin.

brand new
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Today at 06:31:48 AM
#11
Hi, Bitcoin mining requires buying the hardware and setting it up, there are few regulations depends upon the country. However there are many mining companies where you can invest, such as hive digital technologies.

Dive deep: https://youtu.be/vk1VRIt7Tzo
legendary
Activity: 1498
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Top-tier crypto casino and sportsbook
Today at 06:21:06 AM
#10
1: How do i mine bitcoin?
If you are concerned about ways to get bitcoins, mining is not the only option for you. Mining is cost-intensive.

2:How much money do i need to invest in bitcoin?
Unlike other investments where you must have a certain sum to invest, investing in bitcoin can start with what you have while you work to get more to invest with.

3:How old do i have to be to start mining bitcoin?
If it must be mining, you should start at the age where you can understand the basic concepts and technical requirements.
sr. member
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Today at 05:39:09 AM
#9
1: How do i mine bitcoin?
It's complicated, you can start by reading
Bitcoin information and resources.
Bitcoin mining resources.

You can ask questions in Mining board.

1. Mining bitcoin right now would seems so hard for an individual
Slim chance, but individual mines can try NERDMINER: Bitcoin lottery miners.
hero member
Activity: 1792
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Leading Crypto Sports Betting & Casino Platform
Today at 05:36:13 AM
#8
To help you understand better and easier, I think you can easily find these answers right on youtube or google without spending too much time. Here people can explain to you but I don't think people can explain in detail and you can understand thoroughly. So, with basic knowledge for beginners, I think searching on youtube will be more intuitive because there will be many videos with images and very detailed explanations to help beginners absorb faster.
legendary
Activity: 2268
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Today at 04:58:11 AM
#7
Not about age. At least, you are above 17?
I have a cousin and his son doing bitcoin mining but his 14 or 15, he was thought by my cousin to do or process the mining process of bitcoin, does it mean he is violating something? Can I ask where you see this age limit? I am living in the Philippines but I am not sure if theres some rules regarding this.
sr. member
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Today at 02:40:05 AM
#6
First of all, at least you have to give a clear title, regarding your three questions I will give answers one by one according to your question number.

My answer:

1. You can try to mine Bitcoin using a mining pool, where this mining pool is uniting all the computing power into one pool. Because if you try to mine without this pool, i think it is very difficult or even almost impossible to get rewards, cmiiw.

2. You can invest in any amount of money, even like 10$. However, if you want to get more profit then you should try to invest more, and you should also know that you can experience significant profits and losses as well. the point is you have to know about the calculation of the increase and decrease in the price of bitcoin. A simple example, if bitcoin has decreased by 5%, it means that the capital you enter will decrease by 5%, and vice versa if it increases.

3. There is no age limit for you to start mining bitcoin, anyone can do it on condition that they have to learn what mining is, and how it works, so you will know and learn the advantages and disadvantages. Because basically to do mining also requires capital.

I hope this simple answer could help.
legendary
Activity: 2758
Merit: 1228
November 27, 2024, 05:10:00 PM
#5
1: How do i mine bitcoin?

There lots of information could be seen if you research this information online will give you a good site explain on how you could able to start https://www.forbes.com/sites/digital-assets/article/how-to-mine-bitcoin/ search for videos in youtube for sure you can also get a guide there.

2:How much money do i need to invest in bitcoin?


I guess depends on your financial capabilities. The bigger the better but if you only have small amount willing to spend its find as long as you can afford to lose it and know the consequences also have knowledge how to deal with your investment.

3:How old do i have to be to start mining bitcoin?

if you are at legal age then you and can decide for yourself then you can invest your money on bitcoin.



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November 27, 2024, 05:02:09 PM
#4
1. Mining bitcoin right now would seems so hard for an individual as we have lots of high performance machines of groups or organisations that mine bitcoin so you can't compete with this organisation with your individual mining efforts so it's better you have a job and buy some bitcoin it's the best way to mine it.

In others: Mine bitcoin with your money by buying it.

2. As much as you are willing to invest that will not affect your daily survival.

3. Investment doesn't really age. everyone one can own bitcoin.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
November 27, 2024, 02:55:12 PM
#3
1: How do i mine bitcoin?
You can read this:

First time/Small miner reference for getting started.

2:How much money do i need to invest in bitcoin?
If it is investment, you can invest as low as $50. Depending on the amount that you wish to buy. But if it is about mining, it is capital intensive and it depends on how you wish to set up the mining. Make sure you have access to cheap electricity, else do not mine.

3:How old do i have to be to start mining bitcoin?
Not about age. At least, you are above 17?
full member
Activity: 189
Merit: 120
November 27, 2024, 02:51:43 PM
#2
2. You don't need much; any little amount that you can spare out from your earnings can be used to invest in Bitcoin; you can start DCAing until you accumulate enough.
 
3. Investing in Bitcoin doesn't have any age limit; it's not a centralised something that needs KYC approval before you can invest in it unless you want to use a centralised exchange, which you need to be up to 18 years before you can pass their KYC so is mining bitcoin if you have all the resources to get your tools ready you can start at any age, unless the law in your country forbids it.
?
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Merit: -
November 27, 2024, 02:48:28 PM
#1
Hi, im totally new to bitcoin so i have a few questions and i hope some of you could answer.


1: How do i mine bitcoin?
2:How much money do i need to invest in bitcoin?
3:How old do i have to be to start mining bitcoin?



 I whould really appreciate if someone could answer these questions. Thanx Wink
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