Try to mine altcoins as some of them are profitable like Ethereum in case you have a good graphic card, from R7 290x and above should do OK.
Getting ethereum to be mined on your windows can be tricky and difficult that's why I am putting this guide to fully make it possible to mine ETh on your pc.
https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/
Cloud mining is not worthy anymore.
Topic: HOW TO GET STARTED MINING...? (Read 791 times)
You could try minergate, they offer a software that means any pc can mine for altcoins, it may be profitable depending on your pc but you can still make a few cents a day with a normal pc. If you hold on to the altcoins they may even go up in value.
many talks around bitcointalk that gambling\trading are better than mining
Not to discourage, but you're too late to the party!
First of all, as previous posts, given that you've mastered all the fundamentals, mining bitcoin:
1. Would require heavy sum of capital (ie: hardware, electricity costs, etc)
2. You won't be able to compete with players who are in the game for the past ~6 years, let alone calculating your ROI (return of investments).
3. With the mining difficulties going up, you're better off mining some other altcoins (ie: ETH, ETC or any other coins that you see potential in!).
As for cloud mining, I would suggest that you stay away from it. Take that money and invest somewhere else (ie: BTC or mining hardware) or even yourself!
Still, if you're really keen, do some research on altcoins mining (all information are available here!), a decent GPU will get you started!
As a closing tip:
Instead of mining BTC, mine potential profitable altcoins and convert them to BTC!
First of all, as previous posts, given that you've mastered all the fundamentals, mining bitcoin:
1. Would require heavy sum of capital (ie: hardware, electricity costs, etc)
2. You won't be able to compete with players who are in the game for the past ~6 years, let alone calculating your ROI (return of investments).
3. With the mining difficulties going up, you're better off mining some other altcoins (ie: ETH, ETC or any other coins that you see potential in!).
As for cloud mining, I would suggest that you stay away from it. Take that money and invest somewhere else (ie: BTC or mining hardware) or even yourself!
Still, if you're really keen, do some research on altcoins mining (all information are available here!), a decent GPU will get you started!
As a closing tip:
Instead of mining BTC, mine potential profitable altcoins and convert them to BTC!
Mining Bitcoin would require hardware to do so, but you must learn first the fundamentals and other things before you proceed since mining isn't easy as you hear it. Mining Bitcoin as of today would not profitable nowadays as other other said it depends if you have cheap electricity and miners are quite expensive to buy. So it would cost you some money to get started unto it.
For cloud mining better stay away with it or else you'll end up losing your money there because some site. Are just ponzis just looking for people to invest then scam in the end.
For cloud mining better stay away with it or else you'll end up losing your money there because some site. Are just ponzis just looking for people to invest then scam in the end.
Whatever you do, stay away from cloud mining. There are just too many scams in that space. You're better off just investing money into BTC (or whatever crypto you are interested in mining).
Or......you could always move to China and hook up with some boss chip fabricators. But that sounds like overkill!
Or......you could always move to China and hook up with some boss chip fabricators. But that sounds like overkill!
How to start to mining and get bitcoin in mining cloud and how to add group mining....?
At this point, I would keep out of it unless you have major, major capitalization. Millions of dollars backing you, and access to cheap electricity (i.e. China or the Pacific Northwest), access to cheap new gen ASICs. Cloud mining is largely scammy, so I would stay away from it.
Mining is with hardware and it is very difficult at this point and not very economical. If you really want to learn how mining works, then I would suggest buying a cheap USB asic miner and experiment with it. You could always mine alt-coins and convert to Bitcoin.
Cloud mining, in my opinion, is more of an investment and in some cases flat-out Ponzi schemes. That doesn't mean legitimate cloud mining services don't exist, but know that there is a big difference between the two.
Cloud mining, in my opinion, is more of an investment and in some cases flat-out Ponzi schemes. That doesn't mean legitimate cloud mining services don't exist, but know that there is a big difference between the two.
Exactly that! grab some usb miners just to see how its done, dont expect profit from that, even with 6 USB erupters (300Gh/s ) you can make more money in 45min than with them in 1 day,
buying a decent mining equipment you have to calculate your power cost / ROI and profit for every month so its quite messy for a newbie, focus to learn how crypto works,
Stay away from cloud mining ! far far away!!
I thought it was not possible and just a gimmick for those who DIY it.
thesedays getting into mining means getting into wrestling. so if you want to be in there you need powerful machine and a internet connection and ofcourse an lappy or a desktip to control everything. you just need to join a mining pool first and there site will guide you that how to start mining and if it was still hard for you to setup your miner then see a youtube video or ask us here
Mining is with hardware and it is very difficult at this point and not very economical. If you really want to learn how mining works, then I would suggest buying a cheap USB asic miner and experiment with it. You could always mine alt-coins and convert to Bitcoin.
Cloud mining, in my opinion, is more of an investment and in some cases flat-out Ponzi schemes. That doesn't mean legitimate cloud mining services don't exist, but know that there is a big difference between the two.
Cloud mining, in my opinion, is more of an investment and in some cases flat-out Ponzi schemes. That doesn't mean legitimate cloud mining services don't exist, but know that there is a big difference between the two.
Exactly that! grab some usb miners just to see how its done, dont expect profit from that, even with 6 USB erupters (300Gh/s ) you can make more money in 45min than with them in 1 day,
buying a decent mining equipment you have to calculate your power cost / ROI and profit for every month so its quite messy for a newbie, focus to learn how crypto works,
Stay away from cloud mining ! far far away!!
i am newbie here really wondering how can i earn btc from mining these days ?
Not as easily as it was when it was first started.The rate of difficulty has risen dramatically. So it is not really worth it to mine anymore.
i am newbie here really wondering how can i earn btc from mining these days ?
Mining BTC is like regular business .... to get into you would have to invest quite lot of money, uncertain profit, many factors to watch and there is bunch of competitors in this game.
I don't think it's good idea for newbie to just jump in ... you should first search for more details what's behind ... simply get into picture and see all the risks.
I can point you to hashnest (trusty company) and warn you to avoid any mining-ponzi-scam (IMO any company offering free mining Ghs smells like a scam )
some other hints
ASIC
difficulty
mining calculator
https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387 - Cloudmining 101 (ponzi risk assessment) -
I don't think it's good idea for newbie to just jump in ... you should first search for more details what's behind ... simply get into picture and see all the risks.
I can point you to hashnest (trusty company) and warn you to avoid any mining-ponzi-scam (IMO any company offering free mining Ghs smells like a scam )
some other hints
ASIC
difficulty
mining calculator
https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387 - Cloudmining 101 (ponzi risk assessment) -
Do a google search for bitcoin ASIC's and you will find loads of material and information on how to mine and how to get into it. Do some research and reading and when you have gotten a good understanding come back and ask specific questions instead of just demanding information.
Mining is with hardware and it is very difficult at this point and not very economical. If you really want to learn how mining works, then I would suggest buying a cheap USB asic miner and experiment with it. You could always mine alt-coins and convert to Bitcoin.
Cloud mining, in my opinion, is more of an investment and in some cases flat-out Ponzi schemes. That doesn't mean legitimate cloud mining services don't exist, but know that there is a big difference between the two.
Cloud mining, in my opinion, is more of an investment and in some cases flat-out Ponzi schemes. That doesn't mean legitimate cloud mining services don't exist, but know that there is a big difference between the two.
How to start to mining and get bitcoin in mining cloud and how to add group mining....?
If you don't know how to mine bitcoin then im guessing you've not read much on the subject. Basically i wouldn't even bother mining bitcoin if i were you. Cloud mining will usually not net you a profit and home mining is out of the equation unless you have extremely cheap electricity. You would be better looking into mining some alts if your wanting a decent profit.
How to start to mining and get bitcoin in mining cloud and how to add group mining....?
Jump to: