Topic: Hello everyone (Read 1964 times)
Hello and good luck to you!
Welcome to the family of bitcoin which we are already, am also a new comer but just try and read every thing about bitcoin very well and make sure you understand what bitcoin really means.
for now I think no need to do a mining bitcoin, because investment costs are expensive, and of course the possibility to profit still can not predict, if a high-risk investment like a challenge, you can try it, hopefully You can find a safe and profitable investment .... 
Mining is a risky business and you have to buy always new hardware without knowing if you will have some return on your investment.
With my calculations, even with ~ 9 TH it is not very reasonable and profitable at all to start the mining 
Anyone has done calculations, exact how much is needed for a good start ?
And what is the best miner to buy ? Antminer S3 or other ?
Anyone has done calculations, exact how much is needed for a good start ?And what is the best miner to buy ? Antminer S3 or other ?
First, mining profitability depends on a couple of factors like expectation of future difficulty and electricity price.
The same deal can be profitable to me but not to you.
Also, I don't think there is a "minimum hashrate" to make mining profitable.
If you don't have profit with a 1TH/s miner, buying 10 miners will just make your loss 10x larger.
I agree with you, and btw, thx for the comment, and if we want to start the BTC business now they're 95% ahead so...
With my calculations, even with ~ 9 TH it is not very reasonable and profitable at all to start the mining Anyone has done calculations, exact how much is needed for a good start ?
And what is the best miner to buy ? Antminer S3 or other ?
Anyone has done calculations, exact how much is needed for a good start ?And what is the best miner to buy ? Antminer S3 or other ?
First, mining profitability depends on a couple of factors like expectation of future difficulty and electricity price.
The same deal can be profitable to me but not to you.
Also, I don't think there is a "minimum hashrate" to make mining profitable.
If you don't have profit with a 1TH/s miner, buying 10 miners will just make your loss 10x larger.
I have free electricity and time to host them by myself, difficulty i am calculating like 15%. But it is still not profitable. With ants it is needed to buy PSU for every two ants, that adds tocosts a little too.
If you have free electricity and host so go for it, time is money man so do you math as quickly as you can and start making profits
With my calculations, even with ~ 9 TH it is not very reasonable and profitable at all to start the mining Anyone has done calculations, exact how much is needed for a good start ?
And what is the best miner to buy ? Antminer S3 or other ?
Anyone has done calculations, exact how much is needed for a good start ?And what is the best miner to buy ? Antminer S3 or other ?
First, mining profitability depends on a couple of factors like expectation of future difficulty and electricity price.
The same deal can be profitable to me but not to you.
Also, I don't think there is a "minimum hashrate" to make mining profitable.
If you don't have profit with a 1TH/s miner, buying 10 miners will just make your loss 10x larger.
I have free electricity and time to host them by myself, difficulty i am calculating like 15%. But it is still not profitable. With ants it is needed to buy PSU for every two ants, that adds tocosts a little too.
With my calculations, even with ~ 9 TH it is not very reasonable and profitable at all to start the mining Anyone has done calculations, exact how much is needed for a good start ?
And what is the best miner to buy ? Antminer S3 or other ?
Anyone has done calculations, exact how much is needed for a good start ?And what is the best miner to buy ? Antminer S3 or other ?
First, mining profitability depends on a couple of factors like expectation of future difficulty and electricity price.
The same deal can be profitable to me but not to you.
Also, I don't think there is a "minimum hashrate" to make mining profitable.
If you don't have profit with a 1TH/s miner, buying 10 miners will just make your loss 10x larger.
With my calculations, even with ~ 9 TH it is not very reasonable and profitable at all to start the mining Anyone has done calculations, exact how much is needed for a good start ?
And what is the best miner to buy ? Antminer S3 or other ?
Anyone has done calculations, exact how much is needed for a good start ?And what is the best miner to buy ? Antminer S3 or other ?
Long time I was on here... Just testing do I remember how to use this forum.
Welcome, i am also new, looking to start mining, just interested, how much funds you need to get some profit in BTC mining ?
Btc mining is controlled by big cartels, you'll need to invest in a lot of mining power to get legit returns i think. Its a risk but someone has to do the mining or btc crashes.Forget mining as a profitable investment, you will only lose money with it.
I'm also agree, if you want to start a profitable mining business you need to invest at least 10 or 15k and get the material directly from china to avoid some interim gains to begin with at least with a 10TH "and it also would be veeeery profitable if have electricity for free" and reinvest every month so you dont loose the dificulty advencement difference, and also you have to hope for the BTC to raise a little cause in this past month, it's not as healthy as we want it to be, the btc is crashing, also avoid fluctuation and trading losses if you trade, and maybe try with some other altcoins and bet on them and rebuying btc.
In my opinion it's a little hard, but hey, i'm a noob and i'm seeking some good ideas too
Forget mining as a profitable investment, you will only lose money with it.
Welcome, i am also new, looking to start mining, just interested, how much funds you need to get some profit in BTC mining ?
Btc mining is controlled by big cartels, you'll need to invest in a lot of mining power to get legit returns i think. Its a risk but someone has to do the mining or btc crashes.
Welcome, i am also new, looking to start mining, just interested, how much funds you need to get some profit in BTC mining ?
never too late for success, your success may learn in this forum and I find that a lot of bitcoin and easy hih
True lol, bitcoin is still far away from mass adoption.
You are still ahead of 90% or 95% of the general public if you join now.
We need more teens in the BTC world, they are the first generation of young people using the internet, the future users of BTC.
Thank you, i'm ready it as ell, and can say that i'm a big learner and i'm trying to improve my knowledge about all that, even if its a little "late" lol
than you very much again
never too late for success, your success may learn in this forum and I find that a lot of bitcoin and easy hih than you very much again
Welcome! I saw you're interested in friedcat! What do you know about him and what do you find so interesting about him? I also think he is quite an interesting engineer and entrepreneur! It would be great if you could elaborate on that!
I'm an engeneer too just graduated, and i'm amazed by the way he understood the upcoming era of cryptocurrencies and the way to "open source" it so i'm trying to read about the concepts, and maybe find a business opurtunitiy to "harvest" in Africa
Interesting! Yeah, he managed to build one of the first ASICs back in early 2013, when there were just Avalon and BFL (who only delivered a handful of miners for a long time due to technical difficulties) so he could produce the miners en mass and do self-minig when everyone was still using GPUs. That way he could move before everyone else.
welcome, I'm still new but I feel that this forum is a part of me
welcome make sure you read up on scams and dont get scammed! people buy higher level accounts to scam watch out!
make sure you read up on scams and dont get scammed! people buy higher level accounts to scam watch out!
I follow your foot steps and join to the party
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