Pages:
Author

Topic: Bitcoin - page 2. (Read 315 times)

sr. member
Activity: 336
Merit: 258
An Sr. Member who wants to become a ₿ maxi
November 28, 2024, 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.



member
Activity: 66
Merit: 5
Eloncoin.org - Mars, here we come!
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.
?
Activity: -
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
Pages:
Jump to: