Topic: How to start mining of bitcoin? (Read 267 times)
If you think that graphics card mining is still profitable and you don't need a bunch of asic miners to earn profit then think again. Ever since the 2nd halving small time miners have started selling of their mining equipment as they have seen it not profitable anymore even some well known mining pools have started shutting down during that time. Now we are passed the 3rd halving event you will notice that mining farms are now solving on how to be more efficient by having cheaper or free electricity to even have a profit. So if you don't have the money to have a big mining farm I believe that mining Bitcoin isn't really an option for you.
In case you have some disposable income and you really want to invest in bitcoin, then I’s suggest you to go for cloud mining.
Let's assume that you are giving this advice in good faith because you are not aware that cloud mining is in most cases a simple scam, and if that is not the case ROI is very questionable or rather difficult to reach when it comes to larger investments. Mining (at least as far as BTC is concerned) is profitable only for big players who can invest tens or hundreds of millions in such ventures, have access to cheap electricity and a bit of luck when it comes to the price of BTC.
If you are going in that direction thinking that you will generate some profit I advise you not to waste your money and time, much less to advise others to do the same.
Before you start mining if you want to mine read this below.
- First time/Small miner reference for getting started.
Just keep reading and research first before you start because it can lead you to lose profit if you didn't understand how mining works.
You can use some of these tools below to calculate how much you can mine and earn Bitcoin.
- https://whattomine.com/asic
- https://www.mycryptobuddy.com/
List of ASIC miner/ hardware you need before you can mine Bitcoin
- https://asicminervalue.com
- https://whattomine.com/miners
Using ASIC miner like Antminer s9 as a sample it is not hard to set up they are most likely Plug and Play then set up the pool and good to go.
Take note first in your Electricity rate in your house if you are living in the country with very cheap electricity rate it's worth mining but if you are living in countries with expensive Electricity rate much better stop thinking about mining bitcoin.
- First time/Small miner reference for getting started.
Just keep reading and research first before you start because it can lead you to lose profit if you didn't understand how mining works.
You can use some of these tools below to calculate how much you can mine and earn Bitcoin.
- https://whattomine.com/asic
- https://www.mycryptobuddy.com/
List of ASIC miner/ hardware you need before you can mine Bitcoin
- https://asicminervalue.com
- https://whattomine.com/miners
Using ASIC miner like Antminer s9 as a sample it is not hard to set up they are most likely Plug and Play then set up the pool and good to go.
Take note first in your Electricity rate in your house if you are living in the country with very cheap electricity rate it's worth mining but if you are living in countries with expensive Electricity rate much better stop thinking about mining bitcoin.
It's quite broken English, it should be. "How can be mine" or earn it free. That's not what OP meant the not mining and I don't think if OP talking about mining.
Since Bitcoin has a huge value, earning on it isn't easy. Because Bitcoin is just like money on the internet and the fact is don't have free money on the internet unless in exchange of heavy or hard tasks you will have it as a reward. Even collecting faucet and airdrop, they are worthless and it's kinda waste of your time.
Find a decent job and when you have a monthly salary, sphere for Bitcoin investment and do trading if you know how to manage this stuff. It's literary no free nowadays.
Since Bitcoin has a huge value, earning on it isn't easy. Because Bitcoin is just like money on the internet and the fact is don't have free money on the internet unless in exchange of heavy or hard tasks you will have it as a reward. Even collecting faucet and airdrop, they are worthless and it's kinda waste of your time.
Find a decent job and when you have a monthly salary, sphere for Bitcoin investment and do trading if you know how to manage this stuff. It's literary no free nowadays.
Are you sure going to mining?
Well, you should read about the positive and negative sides of mining this day, because it is quite different with mining at the past time
You can also find the information on Mining
There are some ways to earn BTC, by joining a program to earn BTC freely by doing some tasks or event trading/investing.
But of course,e you must learn the basics about BTC and the crypto world. here, never trust site/channel/platform/social media that offer very easy ways to earn BTC. You must know that there are many scammers around us, watch out.
Well, you should read about the positive and negative sides of mining this day, because it is quite different with mining at the past time
You can also find the information on Mining
There are some ways to earn BTC, by joining a program to earn BTC freely by doing some tasks or event trading/investing.
But of course,e you must learn the basics about BTC and the crypto world. here, never trust site/channel/platform/social media that offer very easy ways to earn BTC. You must know that there are many scammers around us, watch out.
I am new to bitcoin world. I want to learn about bitcoin and how we can mine or earn it.
Go through the thread How to earn bitcoin, and you'll know the possible ways of earning bitcoin. When it comes to the process of mining bitcoin, it is not simple as buying bitcoin. It requires investment, good technical knowledge, perfect location where one can get electricity for low price and natural cooling.Agree, go find some other ways to earn bitcoin because mining this day mining is not a great way to earn bitcoin, only big companies are able to make a profit in the mining business since the last bitcoin halving.
Most of the small miners or solo miners are end up selling their hardware in the market because it is not profitable for small miners anymore, we could notice a lot of RX570 in the market that came from cryptocurrency minings. Also when investing in the mining business you need to consider a lot of things like the locations because it is not suitable in tropical countries.
Still, to start mining I guess you just need knowledge about it, buy hardware that you need, consider if it is suitable in your location, pick what kind of mining, etc.
Mining is like one of the hardest to do right now, Bitcoin has really changed and is not like before when you can just buy a miner and set it up and start mining in your room, things have really changed.
But, I believe that if you have a huge capital you will be able to start up a mining business. After the last halving, some miners were affected due to their mining machines are outdated and they are not able to continue with it. Then I have seen some people say that this time around if you’re not the type of person that has enough money to start up a mining farm, then mining is not recommended and all my friends have quit mining a long time ago.
But, I believe that if you have a huge capital you will be able to start up a mining business. After the last halving, some miners were affected due to their mining machines are outdated and they are not able to continue with it. Then I have seen some people say that this time around if you’re not the type of person that has enough money to start up a mining farm, then mining is not recommended and all my friends have quit mining a long time ago.
I am new to bitcoin world. I want to learn about bitcoin and how we can mine or earn it.
From your name, I think you can speak Arabic, so you can join Arabic[1] section if the language is the barrier.Bitcoin is money just like the dollar, so I think it is better to find a way to buy or exchange BTC using local service (use goolge with your country name.) I also think that you are young, so it is better to start with profitable methods such as learning programming languages, developing your skills, developing your forum account, translation and other skills.
Mining is not for newbie it is need to much resources and you need to pay some efforts
[1] https://bitcointalk.org/index.php?board=241.0
No offense but, if you had the idea of gaining all that you believe you could out of here as most people rightly do, it's not entirely wrong but, you've got to know what Bitcoin, cryptocurrency and the forum is all or at least is about first. It is a common mistake many users make. It's a good thing you got here first through which ever means you got to find this community and also, not to have fallen into the schemes of scammers I presume as you said nothing of it in your OP but then, focus on learning the basics of Bitcoin and cryptocurrency first.
All that information you can get by being active here. It's that simple and the users here are that friendly, always willing to help though, you most'nt expect any patriotism from anyone but yes. For you to have a go, wait on the forum for a green flag and don't fail to ask questions on what ever puzzles you.
Lastly, keep to forum rules in all that you do.
All that information you can get by being active here. It's that simple and the users here are that friendly, always willing to help though, you most'nt expect any patriotism from anyone but yes. For you to have a go, wait on the forum for a green flag and don't fail to ask questions on what ever puzzles you.
Lastly, keep to forum rules in all that you do.
My advice if you're just new in the bitcoin world. Try to learn other ways of earning before investing in mining. If you're already decided in mining bitcoin, then study it first to expect the possible outcome. Investing in mining is not a joke, you need a lot of patience and a lot of money for the hardware cost, and the electricity in your place must cheap.
There are many earning ways in bitcoin you must try first, like trading buying and selling of bitcoin and altcoin is profitable too than investing in mining.
There are many earning ways in bitcoin you must try first, like trading buying and selling of bitcoin and altcoin is profitable too than investing in mining.
I suggest to forget about this idea. Unless you have at least few thousands $ available to invest, free or cheap electricity and technical knowledge. You're many years years too late to mining train. Now it's impossible to mine Bitcoins without investing a lot of money into mining hardware. And big investments doesn't always guarantee that you'll get profit. And after all, mining probably isn't for newbies with very limited knowledge. So, I suggest to read about mining in links given above to educate yourself and then decide, is it really worth to begin.
To have an idea of how much it will cost you to mine bitcoin, here is an article that includes the things that you need to know in mining bitcoin.
https://www.buybitcoinworldwide.com/mining/hardware/
Read this thread too.
First time/Small miner reference for getting started.
https://www.buybitcoinworldwide.com/mining/hardware/
Read this thread too.
First time/Small miner reference for getting started.
I am new to bitcoin world. I want to learn about bitcoin and how we can mine or earn it.
Why you want to mine bitcoin? you will not earn anything ,the costs for electricity are high and then you have to buy suitable hardware which costs a lot of money, it doesn't suit you trust me, better if you mine some altcoin and hope for luck but even altcoin many time is just wasting time.
how we can mine or earn it.
Bitcoin is a digital currency and you earn it the same way you earn your local currency; by offering a service and accepting payment in Bitcoin. This forum offers some means of selling such a service (promotion) through signature campaignsm. Also, if you have any skill you can monetize, start a thread in the Services board or browse through the board for any offers that fit your criteria and apply.I am new to bitcoin world. I want to learn about bitcoin and how we can mine or earn it.
You should do the learning part first and after you've gained more knowledge about Bitcoin and the different facets to it like mining, you can then decide if it's profitable to get into 
If you are new to bitcoin, it is better not to mine. There are still other ways to get bitcoins, especially for beginners, there are still provider sites such as faucets, airdrops and etc., if you already understand bitcoin completely then I'm sure you will understand how to do mining in fact.
So don't go too far with mining for a beginner, it's difficult to understand.
So don't go too far with mining for a beginner, it's difficult to understand.
I am new to bitcoin world. I want to learn about bitcoin and how we can mine or earn it.
Go through the thread How to earn bitcoin, and you'll know the possible ways of earning bitcoin. When it comes to the process of mining bitcoin, it is not simple as buying bitcoin. It requires investment, good technical knowledge, perfect location where one can get electricity for low price and natural cooling.
I am new to bitcoin world. I want to learn about bitcoin and how we can mine or earn it.
Jump to: