How to start from zero with Bitcoin | Bitcointalksearch.org

ZZ111

newbie

Activity: 39

Merit: 0

Quote from: pigfrown on August 05, 2017, 04:43:54 PM

It's not profitable to mine bitcoin on a normal PC anymore, you could try looking in the Altcoin Mining Forum https://bitcointalk.org/index.php?board=160.0.

/r/ethermining has a decent guide for setting up a GPU mining rig https://www.reddit.com/r/EtherMining/wiki/index

If you are paying someone else to mine for you it's probably a scam, or may not be as profitable as they promise.

There's the mining genesis website where they apparently have the hardware already setup, you just need to spend money for them to start mining for you. I don't know how legit it is but there's a few youtubers who are doing this and seem to be making 40-50$ a day

pigfrown

jr. member

Activity: 47

Merit: 1

It's not profitable to mine bitcoin on a normal PC anymore, you could try looking in the Altcoin Mining Forum https://bitcointalk.org/index.php?board=160.0.

/r/ethermining has a decent guide for setting up a GPU mining rig https://www.reddit.com/r/EtherMining/wiki/index

If you are paying someone else to mine for you it's probably a scam, or may not be as profitable as they promise.

Kaller

hero member

Activity: 752

Merit: 501

Quote from: unholycactus on August 02, 2017, 04:19:03 PM

If your friend said he was going to build a PC to mine coins, he's not very knowledgeable about mining.
Mining nowadays require task specific hardware (in other words an ASIC). Profitable hardware can cost you around 1000$ to start (low-end).
Expecting a 2500$ (1BTC) return after 2-3 months after a 25$ investment is unrealistic. To be honest, you'll likely not even get a single dollar back with this little starting capital.
Altcoins (you mentionned Terracoin) are even less stable than Bitcoin, meaning they won't hold their value for very long, increasing the risk of your operation. Although, this has the upside of having a better potential reward.

Isn't it still possible to mine altcoins on a GPU? Not all coins have the same difficulty as Bitcoin.

@OP, I would suggest using your GPU to mine altcoins. Set your selling rate at 2x for each coin and you will make a good profit.

unholycactus

legendary

Activity: 1078

Merit: 1024

If your friend said he was going to build a PC to mine coins, he's not very knowledgeable about mining.
Mining nowadays require task specific hardware (in other words an ASIC). Profitable hardware can cost you around 1000$ to start (low-end).
Expecting a 2500$ (1BTC) return after 2-3 months after a 25$ investment is unrealistic. To be honest, you'll likely not even get a single dollar back with this little starting capital.
Altcoins (you mentionned Terracoin) are even less stable than Bitcoin, meaning they won't hold their value for very long, increasing the risk of your operation. Although, this has the upside of having a better potential reward.

vl4dimir99

newbie

Activity: 1

Merit: 0

Hello,
A friend of mine told me today that he is going to build a PC from bitcoin money he made during a process called "mining". He said to me, that I should pay about 25$ on Zebrapay and after that I should start mining with Terracoin to make in 2-3 months about 1btc. My questions are: What are those programs? How can I start earning bitcoins? I am a beginner in this chapter, I only know what a bitcoin is and what it is worth. Can you explain me please how should I start?(Maybe give a link to a good, practical tutorial).
Thank you very much!

Topic: How to start from zero with Bitcoin (Read 733 times)