How can i start bitcoin mining? | Bitcointalksearch.org

FP91G

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Quote from: promise444c5 on August 25, 2023, 01:43:40 PM

The mentality most noobs out there and newbie in this forum is that bitcoin minning is simply getting free bitcoin giveaway. However, Bitcoin can simply be getting free bitcoin actually but that's when you complete some tasks using hardware to get a reward. I believe this should have been address by the professionals in the house so I don't need to dive into it Grin

. I just want to cleart that minning isnot bitcoin giveaway Grin

for those that are still having similar mindset to BTC MINNING

Today you do not need to be a professional for home mining. Enough basic knowledge about electrics and wiring, electricity limit at a good rate.
I can’t and won’t be able to repair modern ASICs at home, so other repair masters will deal with the service. But the high power consumption of new asics will not allow them to be used at home in large quantities.

Dezziedoe75

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Quote from: Ledway on April 28, 2023, 05:35:20 PM

I will really like to know if there are other step of mining bitcoin apart from these step?

When you choose and set up your bitcoin mining hardware.

And to create a dedicated wallet.

And as well configuring your mining equipment.

https://t.me/BTC_GIVEAWAY_CLAIM_BOT?start=6418396577

promise444c5

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Keep Promises !

The mentality most noobs out there and newbie in this forum is that bitcoin minning is simply getting free bitcoin giveaway. However, Bitcoin can simply be getting free bitcoin actually but that's when you complete some tasks using hardware to get a reward. I believe this should have been address by the professionals in the house so I don't need to dive into it Grin

. I just want to cleart that minning isnot bitcoin giveaway Grin

for those that are still having similar mindset to BTC MINNING

Flexystar

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I think if I were you then I would probably start looking in the Beginners section. There are many threads that teach us the mining operations, the tech behind it and even how to set up them. These are also the threads from the experienced persons from the forum who are into mining since the beginning. I think you have already gotten plenty of the resources from the above discussion itself but since they are outside the forum resources I would also recommend to visit the beginner section.

If you dig down properly then you will get knowledge plus the required instruments from the forum member itself. For example, there are also sellers of ASICS, GPU's, other accessories and there are also service providers who can help you set up your miners and connect with the pools.

I think it won't be much difficult if you wander around the different threads and seek the old threads. Good luck with your project mate.

Sput1

newbie

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it is interesting to learn about this experience, how justified the risk and investment,
I don't think I would spend money on anything else.

kano

legendary

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Linux since 1997 RedHat 4

Why do people copy past "Miners solve complex mathematical problems" everywhere.
It isn't complex.
It's a simple sha256d hash of 80 bytes.
Then all you do is look at the answer and count the leading zeros.
If there's enough, it's a block.

FP91G

legendary

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Quote from: Patrol69 on August 05, 2023, 02:48:21 AM

Quote from: TrickyViking on June 15, 2023, 10:44:49 AM

It's unlikely that anyone will teach you because it's a competition. I can only advise you to study in more detail the very nature of Bitcoin and how mining works. It may be possible to find some videos but don't get your hopes up for practical advice. It is better to try, to start with a little, and then you will understand as you go.

It may be a competition but no one is anyone's enemy. If you have a good understanding of mining and share that knowledge with others, I don't think it will hurt you. Since no one is harmed by discussing mining here, I think everyone will express their own opinion about mining here. OP didn't want to learn about mining here he just wanted to get some idea about mining from experienced members, in view of getting his idea many members have already shared their knowledge about mining with him.

OP is new to mining and is interested in mining that's why he expressed his interest to know how to start mining. Many people have shared different opinions about starting mining, hope the OP has at least learned a bit about starting mining.

About 10 years ago, probably no one would want to mess with the training of a beginner and many miners learned from their mistakes. Now everything is different, for example, if you buy a batch of ASICs from a manufacturer or a dealer, then as a bonus they train your specialists in the maintenance of mining containers and ASICs, and invite you to free internships every 6 months. If you buy specialized ASIC repair equipment, then your specialists will also be trained and trained for free or at big discounts.

Patrol69

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Quote from: TrickyViking on June 15, 2023, 10:44:49 AM

It's unlikely that anyone will teach you because it's a competition. I can only advise you to study in more detail the very nature of Bitcoin and how mining works. It may be possible to find some videos but don't get your hopes up for practical advice. It is better to try, to start with a little, and then you will understand as you go.

It may be a competition but no one is anyone's enemy. If you have a good understanding of mining and share that knowledge with others, I don't think it will hurt you. Since no one is harmed by discussing mining here, I think everyone will express their own opinion about mining here. OP didn't want to learn about mining here he just wanted to get some idea about mining from experienced members, in view of getting his idea many members have already shared their knowledge about mining with him.

OP is new to mining and is interested in mining that's why he expressed his interest to know how to start mining. Many people have shared different opinions about starting mining, hope the OP has at least learned a bit about starting mining.

gunhell16

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Quote from: FP91G on June 16, 2023, 02:12:46 PM

Quote from: TrickyViking on June 15, 2023, 10:44:49 AM

It's unlikely that anyone will teach you because it's a competition. I can only advise you to study in more detail the very nature of Bitcoin and how mining works. It may be possible to find some videos but don't get your hopes up for practical advice. It is better to try, to start with a little, and then you will understand as you go.

You don't have to learn a lot because you can use ready-made containers or cooling systems and mining management systems. Miners will help you with this, but you need to find cheap electricity. And you need to change the location, then the container can be prepared for mining faster.

Indeed and I agree with what you said dude, sometimes even if you are capable to purchase of asic miners if the electricity consumption is expensive, it doesn't matter how many asic miners you have, because the profit you can get as a miner will go only in the costing of electricity and there may be a loss due to the amount consumed because we know that it is needed to open 24/7.

it's just like here in our country, only a few location can say if it's a cold place, and the lowest kwh is at 0.25$ dollar, Bitcoin mining will not work here.

paid2

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Quote from: abdulzabbar on July 30, 2023, 12:13:12 PM

5️⃣ Install mining software on your system.

You don't need to install any "mining software" on your system, what are you talking about ?

abdulzabbar

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Cogwise

Quote from: loveselenagomez on July 30, 2023, 10:02:34 AM

Quote from: Ledway on April 28, 2023, 05:35:20 PM

I will really like to know if there are other step of mining bitcoin apart from these step?

When you choose and set up your bitcoin mining hardware.

And to create a dedicated wallet.

And as well configuring your mining equipment.

To start Bitcoin mining, educate yourself on the process and costs. Get a Bitcoin wallet for storing mined coins. Choose suitable hardware, join a mining pool, and install mining software. Monitor your operations, consider electricity costs, and stay informed about industry changes.

"Starting Bitcoin mining? Here's what you need to know:
1️⃣ Educate yourself on the process and costs involved.
2️⃣ Get a Bitcoin wallet to store your mined coins securely.
3️⃣ Choose suitable hardware for mining efficiency.
4️⃣ Join a mining pool to increase chances of earning rewards.
5️⃣ Install mining software on your system.
6️⃣ Monitor your mining operations regularly.
7️⃣ Consider electricity costs to optimize profitability.
8️⃣ Stay informed about industry changes for better decision-making.
Happy mining!

loveselenagomez

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Cogwise

Quote from: Ledway on April 28, 2023, 05:35:20 PM

I will really like to know if there are other step of mining bitcoin apart from these step?

When you choose and set up your bitcoin mining hardware.

And to create a dedicated wallet.

And as well configuring your mining equipment.

To start Bitcoin mining, educate yourself on the process and costs. Get a Bitcoin wallet for storing mined coins. Choose suitable hardware, join a mining pool, and install mining software. Monitor your operations, consider electricity costs, and stay informed about industry changes.

Redcoinn

newbie

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Quote from: ImThour on April 28, 2023, 05:43:42 PM

Don't expect anyone to teach you everything step by step here on this forum.
Try using google, or YouTube for this general topic and I am sure you will get an idea of how to start mining Bitcoin.

Once you are aware of the basics, you should be encountering some intermediate issues and then you can refer to this forum.
People will be very happy to help you if you try to help yourself a bit.

Some popular Google results of your query:

1. https://www.investopedia.com/terms/b/bitcoin-mining.asp
2. https://cointelegraph.com/news/how-to-build-a-cryptocurrency-mining-rig
3. https://www.bitcoin.com/get-started/create-bitcoin-wallet/
4. https://www.coindesk.com/learn/how-to-set-up-a-bitcoin-miner-2/

I think this topic is not really out of place because even one try to visit Google or YouTube, some time one may not get it right than when out legendaries that are here in this forum will do.
I also thanks for the link u have so far dropped, at least, as new that we are here we can make some follow up and get it right to a length.

Ben979

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Conclusion :

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FP91G

legendary

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Quote from: RewFrew on June 22, 2023, 04:24:09 AM

Thankyou for your useful information. Because till now i know for bitcoin mining we need best configuration computer or laptop wven server computer. Without it impossible bitcoin mining. But i know now don’t need high quality device to mining bitcoin any suitable device is enough to set up ASICs. But it is really true Asics need special room like Calm and quiet office where has no any noise. And we have to ensure uninterruptedly electricity. And it is highly cost. If anyone considering thats things he will start mining.

The number of ASICs in bitcoin mining is always increasing. Now you need to buy a new modern ASIC so that it is relevant after the halving, because time will fly by quickly, and then the profit will decrease. I didn’t understand about the office, but ASICs are not installed in office premises.

Z390

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Quote from: devil2man on May 02, 2023, 02:19:19 AM

To start Bitcoin mining, you will need a Bitcoin wallet,a ledger is the best choice, mining software, and mining hardware,asics are expensive. you will need to download and install mining software on your computer. Once you have the software, you can start mining by using your computer's processing power to solve complex mathematical problems that validate Bitcoin transactions and earn new Bitcoin. You will also need to build or purchase a mining rig(asics), which is a computer specifically designed for mining cryptocurrencies. It's important to note that Bitcoin mining can be a competitive business, but the equipment can be a lot expensive

Ledger is not the best option, there are many other hardware wallets too but, this is Bitcoin not altcoins that's full of closed-source wallets in the space, any open-source, non-custodial wallet will be fine, like Mycelium and Electrum wallet, I have never had any problem using these two Bitcoin wallet, seriously hardware wallet add more security but most Wallets that have problem are those that are not open source, Bitcoin wallets are always safer than multi-coin wallets like Coinomi and Trust wallet.

RewFrew

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Quote from: safar1980 on May 15, 2023, 03:55:48 PM

Quote from: Patrol69 on May 09, 2023, 10:06:46 AM

You can find good information on how you can start Bitcoin mining on various popular search websites. And all those websites are very well mentioned how you can start bitcoin mining. To start Bitcoin mining you will first need some Bitcoin mining equipment. First of all you need a good quality computer for mining, secondly you need to install a good mining software. Bitcoin wallet will be required and you will need electricity for mining and some other necessary items you will need to collect for mining.

You don’t need a good quality computer to mine bitcoin, because any office computer or an inexpensive laptop is enough to set up ASICs.
Asics need a special room, because mining is not possible in an apartment. Noise can be overcome with water cooling, but getting the necessary power in the apartment is already a problem. Even if you install ASICs instead of electric stoves, you will have very large electricity bills

Thankyou for your useful information. Because till now i know for bitcoin mining we need best configuration computer or laptop wven server computer. Without it impossible bitcoin mining. But i know now don’t need high quality device to mining bitcoin any suitable device is enough to set up ASICs. But it is really true Asics need special room like Calm and quiet office where has no any noise. And we have to ensure uninterruptedly electricity. And it is highly cost. If anyone considering thats things he will start mining.

safar1980

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Quote from: paid2 on June 17, 2023, 08:22:12 AM

Quote from: safar1980 on June 17, 2023, 08:04:54 AM

A large hashrate makes it more likely to find new blocks, and the arrival of new miners reduces the share of your pool in the total hashrate.
But we have seen cases of luck when solo pools with a small hashrate are mining blocks, so solo mining is not dead.

As it is random, solo mining will never be really dead.

It's sure yeah ; the more the global network's hashrate is increasing, the more the difficulty will increase too as it is directly correlated, but it doesn't mean that there is a competition sentiment, like "against" new miners.
Those who have a real hashrate and real infrastructures will adapt themselves to the increasing difficulty by increasing their own hashrate, and if they don't, it means they just have a strong confidence in the rising of BTC's value to compensate the drop of income related to the increase of the difficulty.

With the growth of the Bitcoin hashrate, solo miners will also have to increase the number of ASICs. With one or two ASICs, solo mining will be long, and an ordinary miner who can use several kilowatts in hour of electricity at home or in an apartment will not participate in solo mining.

KFC786

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Quote from: Ledway on April 28, 2023, 05:35:20 PM

I will really like to know if there are other step of mining bitcoin apart from these step?

When you choose and set up your bitcoin mining hardware.

And to create a dedicated wallet.

And as well configuring your mining equipment.

I think that this question has been repeated for several times but still I think that there are Asic miners where you can mine Bitcoin and crypto and that is super easy. And also I can say that by having a mining rig is a good thing.

Z-tight

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Quote from: safar1980 on June 17, 2023, 08:04:54 AM

A large hashrate makes it more likely to find new blocks, and the arrival of new miners reduces the share of your pool in the total hashrate.

What you're saying is correct, but my point is that there is no competition against the entry of new miners, everything about the BTC network is permissionless, so older miners cannot stop new miners from mining, they can only adapt by trying to increase their own hashrate, that is even if the newer miners come in with significant amount of hashrate.

Quote from: safar1980 on June 17, 2023, 08:04:54 AM

But we have seen cases of luck when solo pools with a small hashrate are mining blocks, so solo mining is not dead.

I know that solo mining isn't dead, but how often will a solo miner with a small hashrate get lucky to mine a block!

Topic: How can i start bitcoin mining? (Read 940 times)