Finding it hard to get started with bitcoins

b!z

legendary

Activity: 1582

Merit: 1010

Quote from: uraliss1 on August 24, 2013, 06:16:58 AM

Hi Folks,
This is my first post here and I am finding the subject of bitcoins to be fascinating. Trouble is its not that easy getting started.
I have cgminer running on slush's pool and it seems to be working but theres a minimum amount that has to be earned before you can withdraw (0.01) and that will take me over a week to mine.
Theres a faucet ive joined but thats taking a while. I live in the uk and i have had a quick look at localbitcoins and there are sellers of BTC but most require a bank transfer and I would rather stay away from that at the moment.
So after half a week of trying to get somewhere im still at 0.00 BTC which means its not easy to test it out.
Any ideas?

find irl meetup on localbitcoins and bring some friends.

pacojones

full member

Activity: 126

Merit: 100

You mentioned your mining but it'll take a week to get the .01 BTC needed to payout?

The best options are to buy them directly - most mining hardware available is pretty pricey (if you can find good hardware). I'd avoid ebay because of the scams. localbitcoins.com has good reviews... the forums have options for buying and selling with escrow but I've never used it... I mined most of my coins and bought some others using Dwolla and MtGOX but that was a couple of years ago... now I'm using campbx but your in the UK... good luck!

bogglns

newbie

Activity: 25

Merit: 0

buy bitcoin directly

alphaking

member

Activity: 98

Merit: 10

try to buy rather than mine

moltenmich

full member

Activity: 130

Merit: 100

try http://www.reddit.com/r/bitcointip It's how I got my first small amount of BTC. If you already have a reddit account you can "redeem" Karma too.

bitcoin44me

full member

Activity: 252

Merit: 100

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Quote from: Morbid on August 24, 2013, 03:10:28 PM

buy from localbitcoin for cash.

If you want to invest....

monbux

legendary

Activity: 1736

Merit: 1029

Quote from: favdesu on August 24, 2013, 06:18:08 AM

you either sell stuff on bitmit or just buy bitcoin directly. everything else is pretty much obsolete nowadays.

Now that bitcoin is getting more and more popular, mining is not exactly worth it anymore in most circumstances, buying bitcoin or selling your items for bitcoin on bitmit is the best way to go, you can try to gamble or invest them in others or in stock.

Morbid

legendary

Activity: 1202

Merit: 1015

buy from localbitcoin for cash.

differential350

full member

Activity: 199

Merit: 100

Quote from: marcovaldo on August 24, 2013, 02:49:29 PM

Quote from: differential350 on August 24, 2013, 02:47:55 PM

Try to buy them at bitstamp.net

He said:

Quote from: uraliss1 on August 24, 2013, 06:16:58 AM

(...) i have had a quick look at localbitcoins and there are sellers of BTC but most require a bank transfer and I would rather stay away from that at the moment. (...)

I'm trying to enjoy my 4 hours....but I'm tired

Buy them at BTCquick with a credit card, or find someone that accept Western Union.

Quote

The question is "where can I get money"?
You can sell stuff, work for it, buy it with other kinds of money. But just like pounds, you are not likely to get it for free. Mining is another option but not an easy one. You could, for example, mine gold. To do that you will have to make a huge investment in equipment, which is why most people buy gold instead of digging all day.

There is someone that just mine it with simple equipment and then resell it at 1% of its USD price, just saying (unDemocratic Republic of Congo)

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

The question is "where can I get money"?
You can sell stuff, work for it, buy it with other kinds of money. But just like pounds, you are not likely to get it for free. Mining is another option but not an easy one. You could, for example, mine gold. To do that you will have to make a huge investment in equipment, which is why most people buy gold instead of digging all day.

marcovaldo

sr. member

Activity: 350

Merit: 250

Quote from: differential350 on August 24, 2013, 02:47:55 PM

Try to buy them at bitstamp.net

He said:

Quote from: uraliss1 on August 24, 2013, 06:16:58 AM

(...) i have had a quick look at localbitcoins and there are sellers of BTC but most require a bank transfer and I would rather stay away from that at the moment. (...)

differential350

full member

Activity: 199

Merit: 100

Try to buy them at bitstamp.net

marcovaldo

sr. member

Activity: 350

Merit: 250

What will you do with your bitcoins?
If you need to buy something online, it might be cheaper to pay with fiat and not btc ...

cryptostart

newbie

Activity: 32

Merit: 0

The question is: What do you want to get out of Bitcoin?

If you just want to build up a stash, the easiest route to acquiring some coin is either localbitcoins or setting up an account to buy from a legit exchange. Good luck!

favdesu

legendary

Activity: 1764

Merit: 1000

you either sell stuff on bitmit or just buy bitcoin directly. everything else is pretty much obsolete nowadays.

uraliss1

newbie

Activity: 8

Merit: 0

Hi Folks,
This is my first post here and I am finding the subject of bitcoins to be fascinating. Trouble is its not that easy getting started.
I have cgminer running on slush's pool and it seems to be working but theres a minimum amount that has to be earned before you can withdraw (0.01) and that will take me over a week to mine.
Theres a faucet ive joined but thats taking a while. I live in the uk and i have had a quick look at localbitcoins and there are sellers of BTC but most require a bank transfer and I would rather stay away from that at the moment.
So after half a week of trying to get somewhere im still at 0.00 BTC which means its not easy to test it out.
Any ideas?

Topic: Finding it hard to get started with bitcoins (Read 862 times)