Topic: Help me getting started (Read 1326 times)

Quote from: Nadirred on July 01, 2015, 04:10:57 AM

Hi guys,
I want to start bitcoin mining in a pool but with low hardware i guess

So ... I want to buy BitFury Red Fury Bitcoin Miner - USB ASIC Bitcoin Miner 2.2+ GH/s

Can you tell me witch pool is the best ?
And how much will i earn daily or monthly ?
And how much does this usb consume electricity ?

+

I have only 250kb/s internet speed (download) is it a problem ?
Thank you ^^

Honestly if you are for sure going to do usb stick miner I would wait for sidehack's to come out.

Most usb stick miners are for learning and fun, not for profit. Just a lot of parts compared to speed. If you buy a Red Fury you will not make back the cost of usb miner. It's been a long time since stick miners have been profitable. I would personally look at bigger miners.

No it does not take much internet connection for it to run. Chances are you will want a raspberry pi to run it so you don't have full computer running for a stick miner. So electricity cost very small but income even smaller.

Thank you for you reply ^^
So what should i buy ?
+
I need something that doesnt much consume electricity and doesnt make noise
And also profitable

LOL... we ALL want that. Too bad the unicorn doesn't exist. Your expectations are unrealistic. Currently, to meet the low end of your expectations (0.01BTC per day) you'll need at least a 1TH/s miner. An Antminer S5 would fit that bill; however, it's loud and consumes 590W. If your power costs are expensive, then you can pretty much forget the word "profit" even exists, since you'll very likely never see any.

Cloud mining is certainly an option, but beware. The vast majority of them are scammers running Ponzi schemes. There are certainly legit ones (HashNest, Genesis, etc), but like owning your own hardware, profits can be hard to come by.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Nadirred on July 01, 2015, 01:43:13 AM

Quote from: alh on June 30, 2015, 02:03:01 PM

If you absolutely NEED .1 BTC/per day, you may well find that you have to invest/spend a lot more than you are willing or capable of doing. There is no easy, cheap, guaranteed way to make .1 BTC/day.

Not trying to be mean, just giving you reality.

How did you arrive at your .01 to .1 BTC/day "need"?

Thanks to everyone for the helpful replies ^^
+
I ment to say "want" not "need" because i didn't spend anything, yet

Plus, i have a question
I was reading about cloud mining and i found this site called hashocean
They have 22.5 Gh/s and there is some users earned more than 1000$ according to the ranking list.

How is that possible ?

it look scammy that hashrate can be achieved by one usb stick... also i can't understand if they are really selling 1 for 7 btc..

i'm registering to check ths site carefully before a good judgment

it look they are mining altcoin, you need to pay 203 usd for a mere 700khs(they said that it is delivered by one readon 280x), the price is ridiculous high....

Nadirred

newbie

Activity: 11

Merit: 0

Quote from: Nadirred on July 01, 2015, 01:43:13 AM

Quote from: alh on June 30, 2015, 02:03:01 PM

If you absolutely NEED .1 BTC/per day, you may well find that you have to invest/spend a lot more than you are willing or capable of doing. There is no easy, cheap, guaranteed way to make .1 BTC/day.

Not trying to be mean, just giving you reality.

How did you arrive at your .01 to .1 BTC/day "need"?

Thanks to everyone for the helpful replies ^^
+
I ment to say "want" not "need" because i didn't spend anything, yet

Plus, i have a question
I was reading about cloud mining and i found this site called hashocean
They have 22.5 Gh/s and there is some users earned more than 1000$ according to the ranking list.

How is that possible ?

Nadirred

newbie

Activity: 11

Merit: 0

Quote from: alh on June 30, 2015, 02:03:01 PM

If you absolutely NEED .1 BTC/per day, you may well find that you have to invest/spend a lot more than you are willing or capable of doing. There is no easy, cheap, guaranteed way to make .1 BTC/day.

Not trying to be mean, just giving you reality.

How did you arrive at your .01 to .1 BTC/day "need"?

Thanks to everyone for the helpful replies ^^
+
I ment to say "want" not "need" because i didn't spend anything, yet

alh

legendary

Activity: 1846

Merit: 1052

If you absolutely NEED .1 BTC/per day, you may well find that you have to invest/spend a lot more than you are willing or capable of doing. There is no easy, cheap, guaranteed way to make .1 BTC/day.

Not trying to be mean, just giving you reality.

How did you arrive at your .01 to .1 BTC/day "need"?

-droid-

legendary

Activity: 1050

Merit: 1001

Quote from: Nadirred on June 30, 2015, 02:38:45 AM

Quote from: philipma1957 on June 30, 2015, 05:02:23 AM

After reading all these replies, i just want to know whats the minimum Gh/s that i should have to start mining and get some profit

And Thank realy you for your help

it depend , if you want to go small 1 tera should be suffice otherwise, you need 10-100 for a very good profit, around 100 tera will give you 1 btc a day, but without cheap electricity all those 100 btc will go to the bills

Thank you
I just need a profit between 0.01 and 0.1 btc per day
Is 1 tera enough ?

yeah 1TB is enough man, it might take 5 months to recoup the cost of the miner but after that you will be in the green and earning profit.. but in 5 months that 1TB machine will be making significantly less profit than now.

Your best bet is start off with as much as you can afford and supply power to

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Nadirred on June 30, 2015, 02:38:45 AM

Quote from: Nadirred on June 30, 2015, 02:38:45 AM

After reading all these replies, i just want to know whats the minimum Gh/s that i should have to start mining and get some profit

And Thank realy you for your help

it depend , if you want to go small 1 tera should be suffice otherwise, you need 10-100 for a very good profit, around 100 tera will give you 1 btc a day, but without cheap electricity all those 100 btc will go to the bills

Thank you
I just need a profit between 0.01 and 0.1 btc per day
Is 1 tera enough ?

1 th earns about 0.0101 btc a day.

but you need to buy the 1th machine, you need to power the 1th machine, you need the internet.

A short answer for you is unless your power cost is very low you lose money.

I have a spot with 3 cent power ( really low power cost)
It already was using the internet ( no extra money)
I mine 1.8 th in this place .
The machines cost me 400usd
the power supplies cost me about 400usd.
since power is 3 cents I spend 31 usd a month . I have mined for 1 year in this place so I spent about 360 for power.

so 400 + 400 + 360 = 1160 spent

coins earned = 8 this about 2080 so my profit is pretty good.

but almost no one has 3 cent power. if you have low cost power 3 to 7 cents maybe you can do okay.

Low power can be a big factor. I don't have extremely low power but decent power I would describe it as. So what I did was go bigger into mining I used more machines, so my profit is multiplied as I have a good amount of machines.

Summer mining can be a little bit harder but it's paid off for me personally. I added a new area to mine so far working great.

Look at difficulty not jumping huge numbers and BTC continue to rise it's honestly a pretty good time for many miners.

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

After reading all these replies, i just want to know whats the minimum Gh/s that i should have to start mining and get some profit

And Thank realy you for your help

it depend , if you want to go small 1 tera should be suffice otherwise, you need 10-100 for a very good profit, around 100 tera will give you 1 btc a day, but without cheap electricity all those 100 btc will go to the bills

Thank you
I just need a profit between 0.01 and 0.1 btc per day
Is 1 tera enough ?

1 th earns about 0.0101 btc a day.

but you need to buy the 1th machine, you need to power the 1th machine, you need the internet.

A short answer for you is unless your power cost is very low you lose money.

I have a spot with 3 cent power ( really low power cost)
It already was using the internet ( no extra money)
I mine 1.8 th in this place .
The machines cost me 400usd
the power supplies cost me about 400usd.
since power is 3 cents I spend 31 usd a month . I have mined for 1 year in this place so I spent about 360 for power.

so 400 + 400 + 360 = 1160 spent

coins earned = 8 this about 2080 so my profit is pretty good.

but almost no one has 3 cent power. if you have low cost power 3 to 7 cents maybe you can do okay.

Nadirred

newbie

Activity: 11

Merit: 0

After reading all these replies, i just want to know whats the minimum Gh/s that i should have to start mining and get some profit

And Thank realy you for your help

it depend , if you want to go small 1 tera should be suffice otherwise, you need 10-100 for a very good profit, around 100 tera will give you 1 btc a day, but without cheap electricity all those 100 btc will go to the bills

Thank you
I just need a profit between 0.01 and 0.1 btc per day
Is 1 tera enough ?

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: jlauzon on June 29, 2015, 10:35:51 PM

After reading all these replies, i just want to know whats the minimum Gh/s that i should have to start mining and get some profit

And Thank realy you for your help

it depend , if you want to go small 1 tera should be suffice otherwise, you need 10-100 for a very good profit, around 100 tera will give you 1 btc a day, but without cheap electricity all those btc will go to the bills

Nadirred

newbie

Activity: 11

Merit: 0

Buy an Antminer S4 and run a heavy duty extension cord to an exterior outlet on your neighbor's house. That's the best way.

Can please answer my question with a number ? Thank you

jlauzon

member

Activity: 108

Merit: 10

Buy an Antminer S4 and run a heavy duty extension cord to an exterior outlet on your neighbor's house. That's the best way.

Nadirred

newbie

Activity: 11

Merit: 0

After reading all these replies, i just want to know whats the minimum Gh/s that i should have to start mining and get some profit

And Thank realy you for your help

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: philipma1957 on June 29, 2015, 03:42:47 PM

Hi guys,
I want to start bitcoin mining in a pool but with low hardware i guess

So ... I want to buy BitFury Red Fury Bitcoin Miner - USB ASIC Bitcoin Miner 2.2+ GH/s

Can you tell me witch pool is the best ?
And how much will i earn daily or monthly ?
And how much does this usb consume electricity ?

+

I have only 250kb/s internet speed (download) is it a problem ?
Thank you ^^

only the new sticks built by sidehack can earn a profit (maybe)

https://bitcointalksearch.org/topic/gekkoscience-bm1384-project-development-discussion-995675

https://bitcointalk.org/index.php?topic=1086011.0;all

they should be ready for sale soon.

the sticks you mention spend 4 watts to do 2 or 2.2 gh

these sticks spend 4 watts to do 12 gh

Even though we don't know price yet. I think it's safe to say it will be better then a red fury. Specifically wanting that one is going to cause you to pay more then it's worth.

I would suggest if you really cannot do a bigger machine (S3 minimum or bigger) look at getting a old asicminer block erupter usb. Play with it until more is announced with sidehack's project.

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

Quote from: Nadirred on June 28, 2015, 10:25:46 PM

Hi guys,
I want to start bitcoin mining in a pool but with low hardware i guess

So ... I want to buy BitFury Red Fury Bitcoin Miner - USB ASIC Bitcoin Miner 2.2+ GH/s

Can you tell me witch pool is the best ?
And how much will i earn daily or monthly ?
And how much does this usb consume electricity ?

+

I have only 250kb/s internet speed (download) is it a problem ?
Thank you ^^

only the new sticks built by sidehack can earn a profit (maybe)

https://bitcointalksearch.org/topic/gekkoscience-bm1384-project-development-discussion-995675

https://bitcointalk.org/index.php?topic=1086011.0;all

they should be ready for sale soon.

the sticks you mention spend 4 watts to do 2 or 2.2 gh

these sticks spend 4 watts to do 12 gh

-droid-

legendary

Activity: 1050

Merit: 1001

yeah a usb miner is not very good anymore.. the antminer U3 will make you like 10-15 cents per day at most

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: notlist3d on June 28, 2015, 10:17:58 PM

Quote from: notlist3d on June 28, 2015, 10:17:58 PM

Hi guys,
I want to start bitcoin mining in a pool but with low hardware i guess

So ... I want to buy BitFury Red Fury Bitcoin Miner - USB ASIC Bitcoin Miner 2.2+ GH/s

Can you tell me witch pool is the best ?
And how much will i earn daily or monthly ?
And how much does this usb consume electricity ?

+

I have only 250kb/s internet speed (download) is it a problem ?
Thank you ^^

Honestly if you are for sure going to do usb stick miner I would wait for sidehack's to come out.

Most usb stick miners are for learning and fun, not for profit. Just a lot of parts compared to speed. If you buy a Red Fury you will not make back the cost of usb miner. It's been a long time since stick miners have been profitable. I would personally look at bigger miners.

No it does not take much internet connection for it to run. Chances are you will want a raspberry pi to run it so you don't have full computer running for a stick miner. So electricity cost very small but income even smaller.

Thank you for you reply ^^
So what should i buy ?
+
I need something that doesnt much consume electricity and doesnt make noise
And also profitable

there isn't such thing, those usb sticky are useless, you won't earn anything good with them, just a waste of time, but they are good for testing stuff in the mining enviroment

at this point isn't better to go with signature? you will earn much more and without wasting any electricity, even as a newbie, like you are right now

Nadirred

newbie

Activity: 11

Merit: 0

Hi guys,
I want to start bitcoin mining in a pool but with low hardware i guess

So ... I want to buy BitFury Red Fury Bitcoin Miner - USB ASIC Bitcoin Miner 2.2+ GH/s

Can you tell me witch pool is the best ?
And how much will i earn daily or monthly ?
And how much does this usb consume electricity ?

+

I have only 250kb/s internet speed (download) is it a problem ?
Thank you ^^

Honestly if you are for sure going to do usb stick miner I would wait for sidehack's to come out.

Most usb stick miners are for learning and fun, not for profit. Just a lot of parts compared to speed. If you buy a Red Fury you will not make back the cost of usb miner. It's been a long time since stick miners have been profitable. I would personally look at bigger miners.

No it does not take much internet connection for it to run. Chances are you will want a raspberry pi to run it so you don't have full computer running for a stick miner. So electricity cost very small but income even smaller.

Thank you for you reply ^^
So what should i buy ?
+
I need something that doesnt much consume electricity and doesnt make noise
And also profitable

notlist3d

legendary

Activity: 1456

Merit: 1000