How do i get started in bitcoin mining?

veleten

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Quote from: Razzgoku on November 10, 2016, 02:12:26 PM

I know nothing about bitcoin mining.Can anyone explain me how can i start mining from scratch ?I have heard of mining hardware but don't know much about them and what is the difference between USB bitcoin mining and hardware mining like using Antminer S7.

I want to buy a GekkoScience USB mining stick but they are out of stock everywhere.Can anyone give me a site where i can buy USB mining stick?

I will not give you a site to buy a USB stick
I will try to convince you to not start mining at all
buy bitcoins instead and hope the price goes up rather then invest in mining gear
it is not worth it,especially with USB sticks you are planning to use
you will not achieve ROI,even with cheap electricity
so go to an exchange,buy coins and store them for a year=the best mining solution

Zadicar

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Quote from: Razzgoku on November 10, 2016, 02:12:26 PM

I know nothing about bitcoin mining.Can anyone explain me how can i start mining from scratch ?I have heard of mining hardware but don't know much about them and what is the difference between USB bitcoin mining and hardware mining like using Antminer S7.

I want to buy a GekkoScience USB mining stick but they are out of stock everywhere.Can anyone give me a site where i can buy USB mining stick?

USB bitcoin mining and asic hardware mining do really have the difference in speaking the difference of hashrate and as expected asic miner s9 is the latest as of now do have the highest hashrate per miner as of now which is really good to mine especially when you do only have cheap electricity on your place. Regarding on USB stick mining i guess its not profitable as of now because of the difficulty on mining of bitcoin and i dont know if theres latest usb miners but i think its already phase out . As members said here usb mining would really need some ventilation and might burn also your PC.

leowonderful

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Quote from: Razzgoku on November 12, 2016, 02:08:35 PM

How about this ? http://www.ebay.com/itm/Block-Erupter-USB-Bitcoin-Minser-333MH-s-w-Heat-sink-like-antminer-bitfury-/232138098297

It's nice to play around with, but at that price you're better off buying a U1 or U2 or even Gekkoscience for better $/gh ratio. The heatsink is pretty cheap to get, 3.99$ here- http://www.ebay.com/itm/REPLACEMENT-Block-Erupter-Heatsink-Fits-ASICMINER-USB-Bitcoin-Mine-Heatsink-/281197457561?hash=item4178acb099:g:Hn8AAOxyiRlSb1OH. It helps out with heat if you don't plan on using a heatsink, but I still recommend a fan with any usb miner- they get real hot. I would know, I have around 40GH/S of usb miners.

Razzgoku

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How about this ? http://www.ebay.com/itm/Block-Erupter-USB-Bitcoin-Minser-333MH-s-w-Heat-sink-like-antminer-bitfury-/232138098297

ethereumhunter

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Quote from: bill gator on November 11, 2016, 08:08:47 PM

Using your personal computer for mining bitcoins hasn't been an effective way of doing it for many years at this point, and I'm not sure that USB miners have ever been "profitable". If you want to get started with bitcoin you better start looking into some solar panels for your home to kill electricity cost and have a chunk of cash to throw at miners to actually generate a significant amount of coinage.

geez solar panel is really too expensive to build and i don't think its a good solution but yes its should help us to cover electricity cost when we start to mining. for mining bitcoin, you should have at least s9 to get much of bitcoin in a day but i don't know how to calculate the ROI if we use solar panel like bill gator said.

notlist3d

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Quote from: bill gator on November 11, 2016, 08:08:47 PM

Using your personal computer for mining bitcoins hasn't been an effective way of doing it for many years at this point, and I'm not sure that USB miners have ever been "profitable". If you want to get started with bitcoin you better start looking into some solar panels for your home to kill electricity cost and have a chunk of cash to throw at miners to actually generate a significant amount of coinage.

At one time they were a huge advance in asic mining. The original block erupter's were really the only real time people might have been ROI'ing on them. And that cold vary on if they sold them, and when. I know I had 50 or 60 going at one time. All of which I sold eventually. But was a fun time.

Anymore it really is going to be a lotto machine/learning with usb sticks. They just cost to much vs the big machines on hash. So getting started to learn not a bad thing you can also get a RPI and learn a little Linux if not familiar with it. So lot's of good learning possible for some. But if profit is what your shooting for I would not look at usb sticks. With today's asic's it really is kinda all about having cheap electricity.

leowonderful

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Bitcoin FTW!

Quote from: bill gator on November 11, 2016, 08:08:47 PM

Using your personal computer for mining bitcoins hasn't been an effective way of doing it for many years at this point, and I'm not sure that USB miners have ever been "profitable". If you want to get started with bitcoin you better start looking into some solar panels for your home to kill electricity cost and have a chunk of cash to throw at miners to actually generate a significant amount of coinage.

See here: https://bitcointalksearch.org/topic/how-much-can-you-make-per-month-with-10ths-1546844
Solar is a huge investment and you'd be better off without it; wind is also like solar, but with even more inconsistency. It's not worth the investment most of the time. Adding together the cost of investment and the power actually generated, cost per kilowatt will be higher in most cases than if you actually just mined without alternative energy sources.

bill gator

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Using your personal computer for mining bitcoins hasn't been an effective way of doing it for many years at this point, and I'm not sure that USB miners have ever been "profitable". If you want to get started with bitcoin you better start looking into some solar panels for your home to kill electricity cost and have a chunk of cash to throw at miners to actually generate a significant amount of coinage.

leowonderful

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Bitcoin FTW!

The gekko is indeed good to start as it teaches you the basics of mining for a cheap cost, but a better way is to buy the Antminer S7-LN imo- it's relatively cheap and has all the basics included- psu, miner, you just need an ethernet cable to mine. Gekkos can be found on eBay, but at a relatively high price.

Don't mine with your pc for bitcoin- it's ineffective and will burn your PC.

Razzgoku

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I know nothing about bitcoin mining.Can anyone explain me how can i start mining from scratch ?I have heard of mining hardware but don't know much about them and what is the difference between USB bitcoin mining and hardware mining like using Antminer S7.

I want to buy a GekkoScience USB mining stick but they are out of stock everywhere.Can anyone give me a site where i can buy USB mining stick?

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