Help! I want to know how to mine bitcoin.

Mike Mayor

hero member

Activity: 966

Merit: 535

Quote from: Creepings on February 09, 2017, 06:11:55 PM

I read many articles about mining and it seems to be a good way to earn money, I know softwares to use for this activity like cgminer etc. But the problem is I don't really know that much about programming and stuffs, many articles say things about GPU and stuffs and I don't really understand though I know that it is a graphic processing unit. Please help me mine in any computer even with simple hardwares.

I suggest you forget about buying your own GPUs for mining it is not profitable anymore.If you can get an asic that is another story. Get one if you can.

Go to miningrigs.com you can hire mining power for under $1and you can play around there. 3 hours is minimum rent time for most renters.

You need to set up a stratum it is easy go to "how to get started" on your chosen mining pool. Enter that info into miningrigs.com and begin mining.

julempX

newbie

Activity: 28

Merit: 0

Hi,
i recommend an ASIC-Miner.
The electricity costs are not so high,
and you can earn more profit.

chididu

newbie

Activity: 4

Merit: 0

just buy bitcoins for trade or investment, the mining era is sort of over

zternyx

newbie

Activity: 1

Merit: 0

You won't need special skills, just download a miner and join a pool. You'll quickly see that GPU mining is unprofitable, perhaps look into some emerging altcoins.

pacifista

hero member

Activity: 812

Merit: 500

I think theres a manual how to operate those miners,it never ask for any special skills for it. As long as you know what to do youre good to go. But here in my country mining is not profitable of the very high charge on electricity.

Risackwpsp

member

Activity: 84

Merit: 10

Mine bitcoin is not profit any more, you should buy it.

The_prodigy

hero member

Activity: 924

Merit: 500

Quote from: Creepings on February 09, 2017, 06:11:55 PM

I read many articles about mining and it seems to be a good way to earn money, I know softwares to use for this activity like cgminer etc. But the problem is I don't really know that much about programming and stuffs, many articles say things about GPU and stuffs and I don't really understand though I know that it is a graphic processing unit. Please help me mine in any computer even with simple hardwares.

If you don't know about programming you can rent someone who can do set up for you but if you don't want to spend too much try to watch video on youtube there a lot of tutorials there on how you can set up your cgminer and other staff you need to build that hardware

virusasog

sr. member

Activity: 462

Merit: 250

Quote from: ?? on ??

Quote from: virusasog on February 11, 2017, 10:05:55 AM

Quote from: wintermeasures on February 11, 2017, 09:57:32 AM

Quote from: Creepings on February 09, 2017, 06:11:55 PM

I read many articles about mining and it seems to be a good way to earn money, I know softwares to use for this activity like cgminer etc. But the problem is I don't really know that much about programming and stuffs, many articles say things about GPU and stuffs and I don't really understand though I know that it is a graphic processing unit. Please help me mine in any computer even with simple hardwares.

According to Me You can Do Mining With the Help Of a Asic Hardware Or You can Also Do Mining with the Help Of a CPU, But I Don't Suggest you to do Mining Because Now A days Mining is not Profitable at all and You can't able to Even Cover your Expenses if You do Mining Now a days................

You are right! In mining you do not able to make decent profitable or any income if you are doing as a small scale business. If want start a bitcoin mining, start with the solar mining plant. It will reduce your mining charge and you could make some decent income. I suggest you to prefer trading and ecommerce site investment.

As far as i know, solar plant is currently more expensive than fossil energy while we know it's better for environment. So, i think solar plant is good idea in the next few years when it's widely used and the price has been reduced.
Even trading needs lots of experience, patience and good analytical skill to predict bitcoin price Roll Eyes

Buddy solar plant price is according to the bitcoin price bump. I agree it cost of implementation is higher than using normal antminer and etc. But it will provide better income than other mining techniques.

fikihafana

sr. member

Activity: 462

Merit: 250

Quote from: Creepings on February 09, 2017, 06:11:55 PM

I read many articles about mining and it seems to be a good way to earn money, I know softwares to use for this activity like cgminer etc. But the problem is I don't really know that much about programming and stuffs, many articles say things about GPU and stuffs and I don't really understand though I know that it is a graphic processing unit. Please help me mine in any computer even with simple hardwares.

to mine bitcoin u dont need programming, u just need to know hot to operate miner software. There are many miner software such as sgminer, claymore, cpuminer and etc, it depend on your hardware. the easiest way to earn bitcoin is you mine bytecoin, bytecoin is cpu miner and then you trade your bytecoin to bitcoin. To mine bitcoin directly you need huge hardware.

numismatist

legendary

Activity: 1245

Merit: 1004

Almost the last option missing is "Cloud Mining" however there you will be running into difficulties on identifying the right provider. Nothing has damaged the mining bussiness more than scammy cloud mining providers.

I used some to stack up my racks "virtually" when difficulty increased, since my storage for hardware (heat disposual!) is limited. If you discover a valid one, that's the best current option.

zend7

hero member

Activity: 658

Merit: 501

Hackers please hack me .... if you can :)

What is your budget first ? If it's up to 3000 USD you can do pretty neat things in bitcoin mining. If it's less don't even bother (or bother but consider it as a learning experience and not a profitable one in earning a bit of bitcoin). What is your electricity price, if it's less than 0.06 USD kwatt is a good one.

1. First choice buy 2 Antminer S9 now that the price is reduced from bitmain.com and start mining. You will make about 650-700 USD a month with nowadays price of bitcoin or 0.66BTC per month with these 2 miners considering difficulty doesnt change (which is not true we all know). So net profit should be about 360-400 USD from the 2 miners.

2. Second choice buy 2 PC-s with 6 GPU (preferably RX 470 as they are the most power efficient in mining right now and give good hashrate for the majority of algorithms in mining altcoins) . Start earning right away, these 2 PC-s will give you together for example in Monero about 6800 H/s which is good.

I know I have gotten too much in depth but please for more refer to the following article for the second choice as that's what I suggest you to do if you are serious about mining:

http://www.coinminingrigs.com/how-to-build-a-6-gpu-mining-rig/

virusasog

sr. member

Activity: 462

Merit: 250

Quote from: wintermeasures on February 11, 2017, 09:57:32 AM

Quote from: Creepings on February 09, 2017, 06:11:55 PM

I read many articles about mining and it seems to be a good way to earn money, I know softwares to use for this activity like cgminer etc. But the problem is I don't really know that much about programming and stuffs, many articles say things about GPU and stuffs and I don't really understand though I know that it is a graphic processing unit. Please help me mine in any computer even with simple hardwares.

According to Me You can Do Mining With the Help Of a Asic Hardware Or You can Also Do Mining with the Help Of a CPU, But I Don't Suggest you to do Mining Because Now A days Mining is not Profitable at all and You can't able to Even Cover your Expenses if You do Mining Now a days................

You are right! In mining you do not able to make decent profitable or any income if you are doing as a small scale business. If want start a bitcoin mining, start with the solar mining plant. It will reduce your mining charge and you could make some decent income. I suggest you to prefer trading and ecommerce site investment.

wintermeasures

sr. member

Activity: 322

Merit: 250

Quote from: Creepings on February 09, 2017, 06:11:55 PM

I read many articles about mining and it seems to be a good way to earn money, I know softwares to use for this activity like cgminer etc. But the problem is I don't really know that much about programming and stuffs, many articles say things about GPU and stuffs and I don't really understand though I know that it is a graphic processing unit. Please help me mine in any computer even with simple hardwares.

According to Me You can Do Mining With the Help Of a Asic Hardware Or You can Also Do Mining with the Help Of a CPU, But I Don't Suggest you to do Mining Because Now A days Mining is not Profitable at all and You can't able to Even Cover your Expenses if You do Mining Now a days................

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

there is actually a nice web page for protecting what one can do ...
http://whattomine.com

and once you figure out that you will need a ASIC

http://www.rigwarz.com/

things wont change for the bitcoin mining and only if it retains a high value is it worth mining and competing with the other large"HUGE" mining farms around the world

beltsniffer

sr. member

Activity: 277

Merit: 250

Quote from: Creepings on February 09, 2017, 06:11:55 PM

I read many articles about mining and it seems to be a good way to earn money, I know softwares to use for this activity like cgminer etc. But the problem is I don't really know that much about programming and stuffs, many articles say things about GPU and stuffs and I don't really understand though I know that it is a graphic processing unit. Please help me mine in any computer even with simple hardwares.

GPU mining has been dead for a long time. If you want to mine you need to buy an asic miner.
The newest and most popular ones can be obtained directly from the manufacturer.
https://canaan.io/ for the Avalon miners
or
https://www.bitmain.com/ for the Bitmain miners

Creepings

sr. member

Activity: 546

Merit: 257

I read many articles about mining and it seems to be a good way to earn money, I know softwares to use for this activity like cgminer etc. But the problem is I don't really know that much about programming and stuffs, many articles say things about GPU and stuffs and I don't really understand though I know that it is a graphic processing unit. Please help me mine in any computer even with simple hardwares.

Topic: Help! I want to know how to mine bitcoin. (Read 1060 times)