Throw caution to the wind. Don’t worry about the profitability. Get an old Antminer S9 for a good price, plug it in and start learning how mining works. At the very least you’ll learn a bunch and stack a few KYC-free sats.
Don’t forget to try out solo mining.
Topic: Bitcoin mining at home (Read 877 times)
Join a mining pool: Mining pools are groups of miners who work together to mine Bitcoin. By joining a pool, you increase your chances of earning Bitcoin rewards.
Install mining software: The mining software connects your ASIC miner to the mining pool and manages the mining process.
Start mining: Once everything is set up, you can start mining Bitcoin.
It's important to note that Bitcoin mining requires a lot of electricity, which can be costly. You should do a cost-benefit analysis before investing in mining hardware and electricity costs.
Additionally, it's important to use reliable resources when learning about Bitcoin mining. You can find tutorials and guides on reputable websites such as Bitcoin.org or Bitcoin Magazine.
Bitcoin mining at home is actually no joke in this day and age. Especially if you know yourself that your electricity consumption is expensive. But if your electricity is cheap, I can say that you should continue mining bitcoins at home.
And you must have knowledge about bitcoin mining as well, it won't be possible because you just thought, or you just heard that your friend is making money from bitcoin mining, it's not like that, remember that.
Even if one has very cheap or free electricity, Bitcoin mining isn't really as profitable as it used to be in the past, especially if you are trying to do it at home. I think a person would only waste the money he spends on the hardware bought and will get nothing as much as he wishes for since the difficulty of mining blocks is becoming more and more over time.And you must have knowledge about bitcoin mining as well, it won't be possible because you just thought, or you just heard that your friend is making money from bitcoin mining, it's not like that, remember that.
A miner will need to have very high hash rates in order to be able to mine blocks and even after that, he wouldn't earn as much as someone might think. So basically, mining isn't a profitable thing anymore. I would rather buy and store Bitcoin than have a hassle like that.
Bitcoin mining at home is actually no joke in this day and age. Especially if you know yourself that your electricity consumption is expensive. But if your electricity is cheap, I can say that you should continue mining bitcoins at home.
And you must have knowledge about bitcoin mining as well, it won't be possible because you just thought, or you just heard that your friend is making money from bitcoin mining, it's not like that, remember that.
And you must have knowledge about bitcoin mining as well, it won't be possible because you just thought, or you just heard that your friend is making money from bitcoin mining, it's not like that, remember that.
Before doing Bitcoin mining, you must consider its profitability and then decide on mining. Because mining usually requires a lot of electricity. You can't just mine Bitcoin with a computer. And currently electricity prices have gone up a lot so if you're mining at this stage I think you'll be multiplying losses rather than profits. So before risking your money, you must consider whether you can succeed in mining or whether you can profit from it. Because the purpose of all Bitcoin mining is to make some profit, if that profit is not there, then there is no point in Bitcoin mining.
Bitcoin mining at home was incredibly easy from home over a decade ago when difficulty was low. Even a simple computer was able to mine couple of bitcoins every seconds.. Now bitcoin mining can only be profitable if you invest in the right tool. Today, a very complex miners are required to mine a very few sats per hour. Mining is nothing but solving complex algorithms to generate new bitcoins and add existing entries in the ledger. The greater the hashrate of your miner, the greater would be your profits. You should probably get hands on some great ASIC's to generate income from mining orelse you would end up spending more in electricity bills.
There is some truth in what you say, it's a little bit okay, but nowadays bitcoin mining is quite expensive because the mining rigs like Asic are expensive now.
and the most important thing is that your electricity consumption should be cheap because otherwise, no matter how good your Asic is, your profit will only go to paying for your expensive electricity consumption, that's the truth, so others say it's better just buy bitcoin instead of that.
Quote
big companies running hundreds of miners
Hundreds? 
Try 10's of thousands and more at any one location. The largest farms like FoundryUSA run 100's of thousands overall.
Hundreds is a starting point. Bigger ones run thousands or even hundreds of thousands as you mentioned. Every year, every halving the number of rigs needed to break even increases. And yeah, electricity prices also influence the number of rigs and total cost of operation greatly.
Quote
big companies running hundreds of miners
Hundreds? Try 10's of thousands and more at any one location. The largest farms like FoundryUSA each run 100's of thousands overall.
It just seems to me like mining of Bitcoin isn't that real. I have never seen anyone who says that he/she has successfully mined a Bitcoin. Maybe I must be mistaken.. I just need some insights, please.
This is probably because mining is being done on a large scale - big companies running hundreds of miners. Otherwise it's not profitable. You can forget CPU mining, usb mining, browser mining, cloud mining, probably solo mining at all. So it's hard to meet an individual who could tell you that he's running a successful solo mining operation.
Interested in mining bitcoin at home
I guess, if you are not rich or have a business that generates money for you,you cannot mine bitcoin at home,due to the cost of power that is needed for mining. If you have expensive power cost,it will be a big challenge to you.What´s the process to mining bitcoin? Do I need an ASICs?
As you mentioned above that you need a cheap mining equipment, ASICs is the best and if you can't afford it or buy a new mining equipment, it is better you don't try something funny or else you will run into great lost. Mining is expensive and needs new miner for you to make profit,if possible.
First, you need a miner. And electricity price in your place can't be too high.
No friend you need ASIC Machine for mining Bitcoin because a very high difficulty and after buying an efficient Asic you need cheap electricity because no a days profitability is very low and if you buy old miners then it will give you negative profit , So i suggest to consider other algo mining like Kawpow Or come to stacking field , if you have a high investment then come to mining business for experimental purpose go mine with GPU Or CPU because completion is too high and profitability is low .
If you are in favorable conditions in terms of obtaining energy from solar panels and have the financial ability to install solar panels, then you can significantly reduce the cost of paying for electricity for mining, but again this requires an initial significant investment. 
- If you are planning to mine bitcoin at home, you should know that you need to buy a mining hardware. Similar to ASIC miner, but this device is quite expensive and can consume a lot of electricity, the question is, are you ready for this cost? this is because it usually turns out to be unprofitable for most people who try it.
Absolutely, ASIC is very important hardware for Bitcoin mining. It is an expensive equipment where the electricity consumption is also high so the miner has to calculate the cost very carefully. Due to the impact of the war in Russia and Ukraine, electricity prices have increased significantly in many countries, making it difficult to find a suitable environment. Electricity production cost is high while its demand is increasing rapidly. The environment is not suitable for small miners due to the high cost of electricity. Mining can be done at home if there is financial solvency and able to meet the required electricity demand. 
Another thing asking if you need ASICs. Yes! You do need it.
We see good performance on this ASIC, maybe if OP really wants to mine, ASIC will be the right choice of equipment, but we all know ASIC has an expensive price and also requires high electricity, and the question to OP here is whether you ready to pay for this mining.
requiring a lot of electricity costs is actually not an easy thing to consider, unless the cost of electricity in your area is relatively low.
Here OP needs ASIC to get maximum profit and satisfactory performance, if you want to try it and if at your place you have low electricity costs and spend some money to buy the equipment, maybe the profit will be able to replace your capital, you can also join the group other mining to gain adequate knowledge/knowledge there.
- If you are planning to mine bitcoin at home, you should know that you need to buy a mining hardware. Similar to ASIC miner, but this device is quite expensive and can consume a lot of electricity...
Similar to ASIC 
A Bitcoin miner is not 'similar to', it IS ASIC-based hardware such as sold by Canaan, Bitmain, MicroBT, GekkoScience, FutureBit, etc.
Hihi, not only that:
Mining Bitcoin work is an effective and efficient job to do, to do mining at home I have some experience that I have got. Starting Bitcoin mining at home you only need a device that has it (preferably have an extra good device if you start with computer media), there are several platforms that are official for Bitcoin mining.
No idea what he's talking about and no clue what he's trying to picture here!
And more frustrating is that for sure in a week or two there will be another newbie that will quote this guy and make a post like as if he perfectly understands the above text. I miss frodo!!
- If you are planning to mine bitcoin at home, you should know that you need to buy a mining hardware. Similar to ASIC miner, but this device is quite expensive and can consume a lot of electricity...
Similar to ASIC A Bitcoin miner is not 'similar to', it IS ASIC-based hardware such as sold by Canaan, Bitmain, MicroBT, GekkoScience, FutureBit, etc.
- If you are planning to mine bitcoin at home, you should know that you need to buy a mining hardware. Similar to ASIC miner, but this device is quite expensive and can consume a lot of electricity, the question is, are you ready for this cost? this is because it usually turns out to be unprofitable for most people who try it.
But if you want to try it out your other options are to join mining pools. It is a group of miners who work together to mine blocks and share the rewards. And this way you can increase your chances to mine a block and earn some bitcoins.
However, you should know that Bitcoin mining is currently very competitive and it requires a lot of capital in terms of electricity, time, and hardware. So, before you make a final decision, you should consider the risks and costs involved in this matter.
But if you want to try it out your other options are to join mining pools. It is a group of miners who work together to mine blocks and share the rewards. And this way you can increase your chances to mine a block and earn some bitcoins.
However, you should know that Bitcoin mining is currently very competitive and it requires a lot of capital in terms of electricity, time, and hardware. So, before you make a final decision, you should consider the risks and costs involved in this matter.
Interested in mining bitcoin at home, I know that isn´t profitable like some years ago, but it´s an experience that I would like to live during my bitcoin journey.
What´s the process to mining bitcoin? Do I need an ASICs? Can I do it just with my computer? How this works, I need to go to some specific website to generate bitcoins?
What´s the process to mining bitcoin? Do I need an ASICs? Can I do it just with my computer? How this works, I need to go to some specific website to generate bitcoins?
Just living with experience in business without corresponding profits could that be encouraging at all. Be careful on what you choose especially for bitcoin mining that's expensive to run, and at the end it's experience only you're talking of, hope you know experience won't replace worn-out equipments but profits can?
Another thing asking if you need ASICs. Yes! You do need it.
Actually I don't know much about the mining of bitcoin and I will like to know more about it. Well it been over a year now I have gotten into a lot of mining app and non is giving me what I wanted and I guess am not on the right mining platform.
You been at home and mining is a good one but it need you to know how to mini and to know which mining platform is correct for you to go into.
Mining at home seems to me like means of been in your house to make money for your self with going to do any hard work, just for intense what you can get from mining you cannot get it from working as a labour and mining can be done any were anytime I guess.
You been at home and mining is a good one but it need you to know how to mini and to know which mining platform is correct for you to go into.
Mining at home seems to me like means of been in your house to make money for your self with going to do any hard work, just for intense what you can get from mining you cannot get it from working as a labour and mining can be done any were anytime I guess.
Mining Bitcoin work is an effective and efficient job to do, to do mining at home I have some experience that I have got. Starting Bitcoin mining at home you only need a device that has it (preferably have an extra good device if you start with computer media), there are several platforms that are official for Bitcoin mining.
Mining from home can also be used Rig mining, which is like what is done in large mining industries, maybe in this case it requires higher power, regarding the results this might be more optimal however, you need to pay attention in terms of electricity costs in your place, if the cost low maybe we highly recommend it, and vice versa, if the cost of electricity is high it depends on your own thinking, if you are ready to take the risk you can try it.
Actually I don't know much about the mining of bitcoin and I will like to know more about it. Well it been over a year now I have gotten into a lot of mining app and non is giving me what I wanted and I guess am not on the right mining platform.
You been at home and mining is a good one but it need you to know how to mini and to know which mining platform is correct for you to go into.
Mining at home seems to me like means of been in your house to make money for your self with going to do any hard work, just for intense what you can get from mining you cannot get it from working as a labour and mining can be done any were anytime I guess.
For bitcoin mining you can use https://www.nicehash.com/You been at home and mining is a good one but it need you to know how to mini and to know which mining platform is correct for you to go into.
Mining at home seems to me like means of been in your house to make money for your self with going to do any hard work, just for intense what you can get from mining you cannot get it from working as a labour and mining can be done any were anytime I guess.
Your processor and video card will mine other profitable coins, and you will receive a reward in bitcoins. From 1 computer, the profit is very small. And mining without equipment is like a scam.
Mining at home has nothing to do with apps.
They are all scams.
Read: BITCOIN MINING INTRO & RULES OF THIS SUBFORUM - READ BEFORE POSTING
https://bitcointalksearch.org/topic/bitcoin-mining-intro-rules-of-this-subforum-read-before-posting-2415854
They are all scams.
Read: BITCOIN MINING INTRO & RULES OF THIS SUBFORUM - READ BEFORE POSTING
https://bitcointalksearch.org/topic/bitcoin-mining-intro-rules-of-this-subforum-read-before-posting-2415854
Such portable hydroelectric power plants were very common in China with a capacity of 25-250 kilowatts,
This is interesting, just how portable are these setups... and doesn't an HEP need good water catchment areas for the electricity generation to be a successful. but after the mining ban, there were many announcements about this sale.
Digging into this might catch a good deal on this.... I also think that this uses very few miners and many questions about registering such equipment for generating electricity.
Is this in relation to the "portable hydroelectric power plants" does it mean they aren't efficient in power generation to have a good number of miners using this electricity. https://www.youtube.com/watch?v=XjEgFlngZ04
In my country, you need to get permission to use such installations, and the miner does not need extra problems. If you have operating experience and the ability to install, then this may be a good investment for you.
Bitcoin mining at home was incredibly easy from home over a decade ago when difficulty was low. Even a simple computer was able to mine couple of bitcoins every seconds.. Now bitcoin mining can only be profitable if you invest in the right tool. Today, a very complex miners are required to mine a very few sats per hour. Mining is nothing but solving complex algorithms to generate new bitcoins and add existing entries in the ledger. The greater the hashrate of your miner, the greater would be your profits. You should probably get hands on some great ASIC's to generate income from mining orelse you would end up spending more in electricity bills.
What should be the price of electricity to mine bitcoin at home?
It just seems to me like mining of Bitcoin isn't that real. I have never seen anyone who says that he/she has successfully mined a Bitcoin. Maybe I must be mistaken.. I just need some insights, please.
It's very real mate and fyi for the bitcoin network to run we need these guys present and confirms they exist... And reason you never hear about them is because they keep low profiles and working in silence. Such portable hydroelectric power plants were very common in China with a capacity of 25-250 kilowatts,
This is interesting, just how portable are these setups... and doesn't an HEP need good water catchment areas for the electricity generation to be a successful. but after the mining ban, there were many announcements about this sale.
Digging into this might catch a good deal on this.... I also think that this uses very few miners and many questions about registering such equipment for generating electricity.
Is this in relation to the "portable hydroelectric power plants" does it mean they aren't efficient in power generation to have a good number of miners using this electricity. If you calculate the electricity bill for the amount of electricity that is consumed to mine a bitcoin, it can be seen that there is no profit in mining bitcoins.
It really depends on the cost itself. Some miners can have their own power source that doesn't rely on the national power grid, for example. I heard some miners use hydropower to run their farms. While that is rare, the fact that those mining farms keep operating means either they earn decent profit or they believe they can sell BTC for a profit later. CMIIW.If you calculate the electricity bill for the amount of electricity that is consumed to mine a bitcoin, it can be seen that there is no profit in mining bitcoins.
It really depends on the cost itself. Some miners can have their own power source that doesn't rely on the national power grid, for example. I heard some miners use hydropower to run their farms. While that is rare, the fact that those mining farms keep operating means either they earn decent profit or they believe they can sell BTC for a profit later. CMIIW.If you need the power source anyways for other stuff (like your house) you can use the power basically for free. This is because in many cases you will get no compensation if you feed the power into the general system (or you dont even have that option).
It just seems to me like mining of Bitcoin isn't that real. I have never seen anyone who says that he/she has successfully mined a Bitcoin. Maybe I must be mistaken.. I just need some insights, please.
You have never seen does not mean that they do not exist. People have been profitable with mining, even more persons than you can imagine.I don´t want to spend a lot of money, something until 1k will be enough for me. However, I will think about it.
You cannot be serious about really wanting to mine bitcoins for profit without spending a lot of money. The cost of mining is not just in the beginning when you just start mining, there are a lot of associated expenses that come with mining and maintaining your mining activity, you just have to be prepared for it and keep an open mind with your planned expenses.In general, by Bitcoin mining we mean a process of generating Bitcoins through some complex mathematical solutions. However, doing this type of work at home can often lead to various problems. Mining needs perfect place to work especially it has to do in a quiet environment. Otherwise there will be problem in mining. Just as there is a difference between home and office work, mining cannot be done without a suitable environment.
If you calculate the electricity bill for the amount of electricity that is consumed to mine a bitcoin, it can be seen that there is no profit in mining bitcoins.
It really depends on the cost itself. Some miners can have their own power source that doesn't rely on the national power grid, for example. I heard some miners use hydropower to run their farms. While that is rare, the fact that those mining farms keep operating means either they earn decent profit or they believe they can sell BTC for a profit later. CMIIW.If you calculate the electricity bill for the amount of electricity that is consumed to mine a bitcoin, it can be seen that there is Many countries have already tried to do Bitcoin mining but because of the huge electricity bills they have turned away from Bitcoin mining.
What do you mean by "many countries"? A nationally controlled mining farm? Is there data related to this information? As far as I know, most people refer to their pools name or something similar. Some news even reported that top miners are still making millions last year, albeit significantly lower compared to when BTC was at its high.Mining profits depends on electricity rate in your country, what is the actual climate where the grid is going to be located and how long you can hold the mined coina to get maximum potential profits.
If you calculate the electricity bill for the amount of electricity that is consumed to mine a bitcoin, it can be seen that there is no profit in mining bitcoins.
It really depends on the cost itself. Some miners can have their own power source that doesn't rely on the national power grid, for example. I heard some miners use hydropower to run their farms. While that is rare, the fact that those mining farms keep operating means either they earn decent profit or they believe they can sell BTC for a profit later. CMIIW.If you calculate the electricity bill for the amount of electricity that is consumed to mine a bitcoin, it can be seen that there is Many countries have already tried to do Bitcoin mining but because of the huge electricity bills they have turned away from Bitcoin mining.
What do you mean by "many countries"? A nationally controlled mining farm? Is there data related to this information? As far as I know, most people refer to their pools name or something similar. Some news even reported that top miners are still making millions last year, albeit significantly lower compared to when BTC was at its high. 
It just seems to me like mining of Bitcoin isn't that real. I have never seen anyone who says that he/she has successfully mined a Bitcoin. Maybe I must be mistaken.. I just need some insights, please.
You have never seen does not mean that they do not exist. People have been profitable with mining, even more persons than you can imagine.I don´t want to spend a lot of money, something until 1k will be enough for me. However, I will think about it.
You cannot be serious about really wanting to mine bitcoins for profit without spending a lot of money. The cost of mining is not just in the beginning when you just start mining, there are a lot of associated expenses that come with mining and maintaining your mining activity, you just have to be prepared for it and keep an open mind with your planned expenses.
It just seems to me like mining of Bitcoin isn't that real. I have never seen anyone who says that he/she has successfully mined a Bitcoin. Maybe I must be mistaken.. I just need some insights, please.
Wow there is dozen Bitcoin farm out there, bitcoin mining is part of crypto itself so its real, member in here try mining at home and still manage small profit
You cannot be serious about really wanting to mine bitcoins for profit without spending a lot of money. The cost of mining is not just in the beginning when you just start mining, there are a lot of associated expenses that come with mining and maintaining your mining activity, you just have to be prepared for it and keep an open mind with your planned expenses.
The OP said they want really how mining works I Think if he didn't want spend more than 1 K the best part is buy USB mining from GekkoScience
It just seems to me like mining of Bitcoin isn't that real. I have never seen anyone who says that he/she has successfully mined a Bitcoin. Maybe I must be mistaken.. I just need some insights, please.
You have never seen does not mean that they do not exist. People have been profitable with mining, even more persons than you can imagine.I don´t want to spend a lot of money, something until 1k will be enough for me. However, I will think about it.
You cannot be serious about really wanting to mine bitcoins for profit without spending a lot of money. The cost of mining is not just in the beginning when you just start mining, there are a lot of associated expenses that come with mining and maintaining your mining activity, you just have to be prepared for it and keep an open mind with your planned expenses.
It just seems to me like mining of Bitcoin isn't that real. I have never seen anyone who says that he/she has successfully mined a Bitcoin. Maybe I must be mistaken.. I just need some insights, please.
Just keep in mind, energy costs, aside from the initial purchase of an ASIC are everything.
Mining in Europe for example in most places within EU is so insanely unprofitable because of massively increased energy prices (+100% and more since February, with additional costs coming 2023).
So, even as a hobby that you may be okay to lose some money on, be aware that if you let an ASIC run several months and energy costs are higher than your mining returns, chances are you can lose A LOT more than your initial mining hardware expenses.
Mining in Europe for example in most places within EU is so insanely unprofitable because of massively increased energy prices (+100% and more since February, with additional costs coming 2023).
So, even as a hobby that you may be okay to lose some money on, be aware that if you let an ASIC run several months and energy costs are higher than your mining returns, chances are you can lose A LOT more than your initial mining hardware expenses.
but the chances of success with such small miners like gekkosciense usb miner is vanishingly small, isn't it?
wouldn't it make more sense to invest more money e.g. whatsminer and benefit from the higher hashrate and the lower total consumption in relation to the total hashrate?
wouldn't it make more sense to invest more money e.g. whatsminer and benefit from the higher hashrate and the lower total consumption in relation to the total hashrate?
As mentioned by everyone else here, go for something cheap like a USB miner or a second hand miner and run it and see if it is something you'd like to do and if it is profitable given the cost of electricity/capital cost.
Mining especially ASIC mining isn't for the faint of heart or (light of hearing). It is loud, hot and sucks tons of power and isn't a fun thing to do at home for a long period of time unless you are serious and build another shed to house the equipment and pull extra power lines over.
Always know that the cost of the equipment will depreciate and the "break even" goal post tends to shift with each Diff Adjustment or release of new (faster) ASIC miner.
Mining especially ASIC mining isn't for the faint of heart or (light of hearing). It is loud, hot and sucks tons of power and isn't a fun thing to do at home for a long period of time unless you are serious and build another shed to house the equipment and pull extra power lines over.
Always know that the cost of the equipment will depreciate and the "break even" goal post tends to shift with each Diff Adjustment or release of new (faster) ASIC miner.
ASICs are needed. Otherwise you are not mining. You are just playing some games, which would be completly legit. You could mine with your CPU just to experiment.
If you don't have access to cheap/free electricity and intend to run a little mining farm, just don't mine. Unfortunately circumstances would be not good for you. You would be burning more and more money every day and you will very unlikely help decentralization.
Generally speaking, If you have the resources and access to brand new machines, then mining is always profitable. If mining is not profitable -> miners turn down machines -> difficulty go down -> mining is profitable again.
However, as you can see, bitcoin hashrate is hitting new highs every day. Profitability today is reaching new and new lows every day. This is due to technological dissemination. Every day better machines are created. This is never ever stopping, which leads to small mining operations failing.
If you live in a cold country, you could use bitcoin miners to heat your house. This way you'd be yield positive regardless of the hashrate evolution.
If you don't have access to cheap/free electricity and intend to run a little mining farm, just don't mine. Unfortunately circumstances would be not good for you. You would be burning more and more money every day and you will very unlikely help decentralization.
Generally speaking, If you have the resources and access to brand new machines, then mining is always profitable. If mining is not profitable -> miners turn down machines -> difficulty go down -> mining is profitable again.
However, as you can see, bitcoin hashrate is hitting new highs every day. Profitability today is reaching new and new lows every day. This is due to technological dissemination. Every day better machines are created. This is never ever stopping, which leads to small mining operations failing.
If you live in a cold country, you could use bitcoin miners to heat your house. This way you'd be yield positive regardless of the hashrate evolution.
I don´t want to spend a lot of money, something until 1k will be enough for me. However, I will think about it.
Can someone send me a tutorial (if there is any available) about a cheap mining equipment and how to set up the equipment?
Can someone send me a tutorial (if there is any available) about a cheap mining equipment and how to set up the equipment?
If your purpose is for studying bitcoin mining and you don't want to spend much then go for Compact F USB miner the price of this miner I think is around 100-150$ in Amazon it's pretty cheap and you can find the guide below.
- https://bitcointalksearch.org/topic/gekkoscience-2paccompac-bm1384-stickminer-official-support-thread-1764803
I don´t want to spend a lot of money, something until 1k will be enough for me. However, I will think about it.
Can someone send me a tutorial (if there is any available) about a cheap mining equipment and how to set up the equipment?
Can someone send me a tutorial (if there is any available) about a cheap mining equipment and how to set up the equipment?
You can use the rather detailed and up-to-date instructions described in the following video, I think after that you will have more understanding in the matter of mining and many questions will disappear.
https://www.youtube.com/watch?v=fsTOFpGd1aQ
I don´t want to spend a lot of money, something until 1k will be enough for me. However, I will think about it.
Can someone send me a tutorial (if there is any available) about a cheap mining equipment and how to set up the equipment?
Can someone send me a tutorial (if there is any available) about a cheap mining equipment and how to set up the equipment?
yeah a lot depends on your appetite to spend .
you could buy a few bitmain s-19 xp units at 6k each
and you could buy a immersion cooler for 2 k. your cost would be over 15k
but it would be quiet and not need much maintenance .
you could buy a few bitmain s-19 xp units at 6k each
and you could buy a immersion cooler for 2 k. your cost would be over 15k
but it would be quiet and not need much maintenance .
Why not buy the s19/pro-Hydro version instead? It's way more cheaper than buying s19 XP and immersion cooling.
The only downside is that they will release the s19 hyd this December, and the pro version is next year in January.
yeah a lot depends on your appetite to spend .
you could buy a few bitmain s-19 xp units at 6k each
and you could buy a immersion cooler for 2 k. your cost would be over 15k
but it would be quiet and not need much maintenance .
This would need 210-240 volts and about 60 amps to run.
I would say it would be as much as a home miner would ever spend on mining.
or buy an apollo as linked above. well under 1k
you could buy a few bitmain s-19 xp units at 6k each
and you could buy a immersion cooler for 2 k. your cost would be over 15k
but it would be quiet and not need much maintenance .
This would need 210-240 volts and about 60 amps to run.
I would say it would be as much as a home miner would ever spend on mining.
or buy an apollo as linked above. well under 1k
Well, 1st start here
As stated in that ^^, BTC mining requires using ASIC-based miners. Period.
Be aware that most miners are very power hungry - as in several kw - and all of that power is transformed into a lot of heat and noise from the fans cooling them. Think a high power space heater.
Because of the power needed you MUST have very low cost electric power, at least 210VAC and it must be stable.
For much quieter/affordable/but slower miners there are the ComPac-F USB sticks from Sidehack
and the faster Futurebit Apollo miner & Node here
Another good place to start is the Beginners & Help section.
As stated in that ^^, BTC mining requires using ASIC-based miners. Period.
Be aware that most miners are very power hungry - as in several kw - and all of that power is transformed into a lot of heat and noise from the fans cooling them. Think a high power space heater.
Because of the power needed you MUST have very low cost electric power, at least 210VAC and it must be stable.
For much quieter/affordable/but slower miners there are the ComPac-F USB sticks from Sidehack
and the faster Futurebit Apollo miner & Node here
Another good place to start is the Beginners & Help section.
Interested in mining bitcoin at home, I know that isn´t profitable like some years ago, but it´s an experience that I would like to live during my bitcoin journey.
What´s the process to mining bitcoin? Do I need an ASICs? Can I do it just with my computer? How this works, I need to go to some specific website to generate bitcoins?
I'm new in bitcoin mining, so if someone can explain it to me or send me some tutorial will be great, because I have a lot of doubts and questions.
What´s the process to mining bitcoin? Do I need an ASICs? Can I do it just with my computer? How this works, I need to go to some specific website to generate bitcoins?
I'm new in bitcoin mining, so if someone can explain it to me or send me some tutorial will be great, because I have a lot of doubts and questions.
Jump to: