Topic: How Many ways do you use to mine bitcoin? - page 2. (Read 772 times)
Some people keep their attention on new altcoin announcements. As soon as a new coin appears, they mine it quickly and sell them for btc. This probably is more profitable than just mining bitcoin directly. Unless you have many dollars to spend on hardware.
I know what is Bitcoin but I don't know How to mine it? Please explain me!
Sorry for what I am gonna say but mining bitcoin nowadays at your home will not make you profit at all because buying the good hardware right now will cost you a big investment that the return of investment is so long or maybe nothing at all because of the electricity cost that will cost you.
Better research some other altcoins that has more potential in mining at your home more than bitcoin, just keep on mind that mining today needs a lot of patience, knowledge and money.
It's best to mine altcoins which you feel potential of a future rather than try and wasting your time in Bitcoin mining. With the electricity rates and the price of miners, the ROI will be a year or two. Some altcoins are profitable yet, so mining them would be better.
Before you get into Bitcoin mining, you should know that it is not viable for people to even attempt to mine Bitcoin without investing into ASIC chips. These are specialized computer chips that are used specifically to mine bitcoins and it is very expensive. You will also be competing with Chinese miners < Mining Farms > that are paying next to nothing for electricity. All is not lost, because people are using their GPU's to mine Alt coins < not Bitcoin > and then they are selling that to buy bitcoins. ^smile^
I know what is Bitcoin but I don't know How to mine it? Please explain me!
Sorry for what I am gonna say but mining bitcoin nowadays at your home will not make you profit at all because buying the good hardware right now will cost you a big investment that the return of investment is so long or maybe nothing at all because of the electricity cost that will cost you.
Better research some other altcoins that has more potential in mining at your home more than bitcoin, just keep on mind that mining today needs a lot of patience, knowledge and money.
I know what is Bitcoin but I don't know How to mine it? Please explain me!
The knowledge is out there, you just need to find it.
Bitcoin Mining 101 - Just the basics
That thread was found in the Mining board on this Forum.
better to buy and hold instead since the cost of the system unit that you will be needed is good enough to use to buy and work with trading
and if possible kindly use this forum to learn more about your concern we do have mining section here try to read more inside that discussion
thread.
and if possible kindly use this forum to learn more about your concern we do have mining section here try to read more inside that discussion
thread.
I know what is Bitcoin but I don't know How to mine it? Please explain me!
To get bitcoin to learn about it is also an important part, the rest you have to be smart to be able to exploit bitcoin, you can invest in bitcoin and profit from high bitcoin gains or you have to business services. 
Bitcoin mining requires a lot skillsand also some investment. The more you invest in proper hardware, the more profit you will get. Bitcoin can be mined on these miners- ASIC, GPU, CPU.
Asic miners will give you a really good profit as compared to GPU miners whereas CPU miners are just a waste of time. They cant give good profits and also the Electricity bill is more then the coins mined.
Asic miners will give you a really good profit as compared to GPU miners whereas CPU miners are just a waste of time. They cant give good profits and also the Electricity bill is more then the coins mined.
I know what is Bitcoin but I don't know How to mine it? Please explain me!
Jump to: