How I Can start bitcoin mining | Bitcointalksearch.org

gunhell16

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Quote from: Manojyadav7749 on May 15, 2021, 10:49:31 PM

I want to start bitcoin mining. I want to know the equipment's which are required for minig.Is this profitable right now?

To start with Bitcoin Mining, you need to consider the basic things for this matter.
First, you need an internet connection, also a bitcoin wallet to store your earnings, Bitcoin mining software,
a reliable power supply, and a computer with a powerful GPU.

Then, when it comes to profitability, this will depend on various factors like the cost of electricity, the current
value of Bitcoin, and the mining difficulty. However, I suggest you do your research on this things.

NotFuzzyWarm

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Evil beware: We have waffles!

Quote

Recently I read somewhere that mining has become less efficient, as people are illegally mining.

Been living under a rock for the past 7 years? Bitcoin mining gear has been becoming more and more efficient since at least 2013.

The only illegal mining is either where a backwards country decides to make it illegal OR where people steal power to do it/ People doing mining in those conditions are idiots.

Mikekelvin

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Recently I read somewhere that mining has become less efficient, as people are illegally mining. There are many technical changes that are going to be implemented for mining. If this is true.

Serhii4238

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Mining is profitable at all right now. But recently I read that it will soon become irrelevant cause of technical changes

BitMaxz

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Quote from: iwantmyhomepaidwithbtc on May 26, 2021, 04:56:58 PM

Could you tell me more ?

Don't fool on this there is no Bitcoin bot system that can mine BTC they're most likely scam like Cloud mining sites.

If you want to start mining read this first https://bitcointalksearch.org/topic/first-timesmall-miner-reference-for-getting-started-4636521

For ASIC daily profit, you can check it here http://asicminervalue.com/

iwantmyhomepaidwithbtc

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Quote from: dnz0124 on May 26, 2021, 02:51:41 PM

Bitcoin bot sistemi kullanabilrsin çok kazançlı

Could you tell me more ?

dnz0124

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Bitcoin bot sistemi kullanabilrsin çok kazançlı

lowbander801

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Quote from: Manojyadav7749 on May 15, 2021, 10:49:31 PM

I want to start bitcoin mining. I want to know the equipment's which are required for minig.Is this profitable right now?

the basic reply is do you have low cost electricity??
if yes even the 5 years old asics will make profit.
generally start low read learn and go further on

my stolen account Lowbander80 was Legentary
Mining since 2013
1JgddX4AWtLxn9G3hMFzR99CVcZk2U66mQ

iwantmyhomepaidwithbtc

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Just buy a small asic to start and see if you like it or not

You'll be able to resell it because of difficulty to find them actually

three_some

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You wont find any equipment, the machines sold are far to expensive. You wont find any hardware either. If you,re not a millionair

BitMaxz

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Quote from: Manojyadav7749 on May 15, 2021, 10:49:31 PM

I want to start bitcoin mining. I want to know the equipment's which are required for minig.Is this profitable right now?

It would be better if you can check them for yourself if mining is profitable.

Use this link to check them

For ASIC miner:
- http://asicminervalue.com/

For GPU miner:
- https://whattomine.com/

Now decide if it's profitable just minus the Electricity rate in your country.

All ASIC miner is Plug'n'Play just set up the pool where you want to mine and it doesn't need any special equipment just provide 220v+ power and internet you can run them and mine coins.

And I would like to suggest you read this for starter small farm or big farm.
- https://bitcointalksearch.org/topic/first-timesmall-miner-reference-for-getting-started-4636521

molsewid

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Quote from: BlackHatCoiner on May 16, 2021, 01:12:36 AM

Quote from: Manojyadav7749 on May 15, 2021, 10:49:31 PM

Is this profitable right now?

We can't really answer you that question if we are unaware of your budget. Generally, yes, in order for people to maintain the network, mining is obviously profitable for them.

You should read this: How does mining work in Bitcoin?

I guess we should answer him/her by giving the things she/he need or can do to start mining. For my own opinion it's unnecessary to to know her/his budget. But I agree with you that they gain profit in mining. I've seen in some of the comments in here that she/he might from India and based from my research India propose a law of banning cryptocurrencies and will fine anyone trading, mining or even just holding these digital assets, a senior government official told Reuters. So might be careful before starting. Do your research. Good luck for your mining journey.

BlackHatCoiner

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Farewell, Leo

Quote from: Manojyadav7749 on May 15, 2021, 10:49:31 PM

Is this profitable right now?

We can't really answer you that question if we are unaware of your budget. Generally, yes, in order for people to maintain the network, mining is obviously profitable for them.

You should read this: How does mining work in Bitcoin?

amishmanish

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I'll take the liberty of judging from your name that you are from India.

For mining Bitcoin, you need special machines called ASIC miners. They are manufactured by a few companies like Bitmain, Cannan, Innosilicon etc. Unfortunately, due to the ambiguous legality for cryptocurrencies in India, you will find it very difficult to get them through customs. Getting your hands on miners can also be possible through resellers on the forum or you can check someone like @kaboomracks on telegram.

Another option is to mine Alt-coins using GPUs and then convert your earnings into Bitcoin.

Mining doesn't need a lot of knowledge to get started. Most of it is available online. What you need is a large initial investment, access to cheap electricity and securing sufficient GPUs/ ASICs in the backdrop of a bureaucratic, non crypto friendly body like Indian customs.

Manojyadav7749

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I want to start bitcoin mining. I want to know the equipment's which are required for minig.Is this profitable right now?

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