Getting Started to not make a profit

notlist3d

legendary

Activity: 1456

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Quote from: aarothepharo on October 29, 2014, 11:21:39 AM

Thanks for the info. Looks like I am five years too late. Looks like if im interested in investing just for the possibility that a BTC might be worth 10,000usd one day, Ill just have to buy them.

You need a asic to stand any chance. If you have space and decent priced electricity its still possible to ROI, just much harder then it was. And GPU's and CPU's are impossible to ROI.

petersiddle98

sr. member

Activity: 272

Merit: 250

Quote from: aarothepharo on October 29, 2014, 10:56:02 AM

I stumbled across bit coin mining. I do have a fast computer with an i7. I want to mine for bit coins on the side, Not to sell out at the current rate but to keep them. Maybe one day they will be worth over $10,000. Are there any external GPU that are worth the effort of mining bitcoins?

Just buy a asic or buy BTC directly. You would get much more...

Neotox

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Free & Fast Neotox Escrow http://bit.ly/1OGVykp

Quote from: aarothepharo on October 29, 2014, 11:21:39 AM

Thanks for the info. Looks like I am five years too late. Looks like if im interested in investing just for the possibility that a BTC might be worth 10,000usd one day, Ill just have to buy them.

or you can do cloud mining or buy some asic hardwares to mine bitcoins
but mining bitcoin with CPU or GPU is not possible now, you are late to the party

Etanllah

sr. member

Activity: 426

Merit: 250

Quote from: aarothepharo on October 29, 2014, 11:21:39 AM

Thanks for the info. Looks like I am five years too late. Looks like if im interested in investing just for the possibility that a BTC might be worth 10,000usd one day, Ill just have to buy them.

You definitely want to buy them as opposed to mine them. Even buying 1 will get you pretty far. Then you can turn around and invest portions of that Bitcoin into different investments: cloud mining, personal loan lending (BTCJam), crypto stocks (coinsortium).

aarothepharo

newbie

Activity: 3

Merit: 0

Thanks for the info. Looks like I am five years too late. Looks like if im interested in investing just for the possibility that a BTC might be worth 10,000usd one day, Ill just have to buy them.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Mining is still going on, but it has gone to a new scale. You are not going to be profitable with a home computer. This is what a bitcoin mine looks like now:

aarothepharo

newbie

Activity: 3

Merit: 0

Quote from: Newar on October 29, 2014, 11:00:11 AM

No. Compare

https://en.bitcoin.it/wiki/Non-specialized_hardware_comparison

vs.

https://en.bitcoin.it/wiki/Mining_hardware_comparison

Additional recommended reading:

https://bitcointalksearch.org/topic/what-will-be-my-cpu-hash-speed-834356
https://bitcointalksearch.org/topic/bit-coin-mining-with-cpus-828169

I read them all. It gives me the idea that bit coin mining is not going on at all now?

Newar

legendary

Activity: 1358

Merit: 1001

https://gliph.me/hUF

No. Compare

https://en.bitcoin.it/wiki/Non-specialized_hardware_comparison

vs.

https://en.bitcoin.it/wiki/Mining_hardware_comparison

Additional recommended reading:

https://bitcointalksearch.org/topic/what-will-be-my-cpu-hash-speed-834356
https://bitcointalksearch.org/topic/bit-coin-mining-with-cpus-828169

aarothepharo

newbie

Activity: 3

Merit: 0

I stumbled across bit coin mining. I do have a fast computer with an i7. I want to mine for bit coins on the side, Not to sell out at the current rate but to keep them. Maybe one day they will be worth over $10,000. Are there any external GPU that are worth the effort of mining bitcoins?

Topic: Getting Started to not make a profit (Read 1708 times)