i need a cheap effective rig | Bitcointalksearch.org

Xialla

legendary

Activity: 1036

Merit: 1001

/dev/null

Quote from: kainthefallen on May 29, 2015, 04:01:10 AM

im looking to buy a rig and it needs to be cheap and can make alot.

yes..and I need pink unicorn and horny lindsay johanson...and drugs, casinos, hookers, burgers and gold iphone 6. If you are asking in this way (mega stupid way), bitcoin is obviously not for you...yet.

sorry. Cry

Bicknellski

hero member

Activity: 924

Merit: 1000

Heed the warning.

Buy BTC if you want to play with your money, if you are willing to lose that money that is, and have a chance to recoup your investment longer term. That is a reasonable risk. Mining is dead for small to mid-sized mining. If you are not buying petahash with cheap power you are not going to make anything back.

Quote from: RodeoX on May 29, 2015, 02:19:50 PM

Basically what we are saying is that if you want to mine bitcoins at a profit you may have to buy something like this mine:

Your going to need tens of thousands of dollars to get stated.
Think of mining like the lottery. Your "hash rate" determines how many lotto tickets you get and therefore determines your odds. It is possible to find a block mining on your home computer, but it is very unlikely. Just like buying 1 lottery ticket. The mines you are competing with are at a scale that gives them the equivalent of thousands of lotto tickets.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: adaseb on May 30, 2015, 03:06:57 AM

I guess people like the OP are the reason why miners are overpriced on eBay and Amazon.

Because they are lazy and don't want to do research and buy the first miner they see and only months later they realise that its costing them more money then it makes.

Buying off amazon is just crazy it's like asking to pay a higher price for no reason on miners. Ebay at least has some deals everyonce in a while.

I do think this might have been a trolling attempt. It's possible we wont see OP again, just that attitude was not one of wanting help. And hes not signed back on:
Date Registered: May 29, 2015, 07:48:55 AM
Last Active: May 29, 2015, 05:42:24 PM

adaseb

legendary

Activity: 3808

Merit: 1723

I guess people like the OP are the reason why miners are overpriced on eBay and Amazon.

Because they are lazy and don't want to do research and buy the first miner they see and only months later they realise that its costing them more money then it makes.

jstefanop

legendary

Activity: 2172

Merit: 1401

Quote from: kainthefallen on May 29, 2015, 12:04:30 PM

Quote from: RoadStress on May 29, 2015, 04:48:55 AM

Quote from: kainthefallen on May 29, 2015, 04:39:45 AM

Quote from: notlist3d on May 29, 2015, 04:23:05 AM

Quote from: kainthefallen on May 29, 2015, 04:18:06 AM

i know jack shit dude. i know nothing of doing this im new.

You will need to know these numbers. We can tell you not much without them. Electricity cost you should get a bill once a month and can use it to find it. And vat/import should be easy to know as it's based on country normally......

Again I ask what is your electricity cost? And do you have a import tax or vat?

hell i dont know what the electricty bill is cause i dont even pay it so how am i supposed to know? and no i dont cause i am NEW to all this like i have been saying!

Are you usually this helpless or only when it comes to bitcoin mining?

I HAVE NEVER DONE ANY OF THIS OF BEFORE SMARTASS IT SHOULD BE PLAINLY OBVIOUS BY NOW

Lol do yourself and all of us a favor and just buy bitcoin directly from an exchange. This is a very easy way to mine bitcoin, takes zero electricity, and almost no risk.

wpgdeez

hero member

Activity: 728

Merit: 500

Quote from: kainthefallen on May 29, 2015, 12:04:30 PM

Quote from: RoadStress on May 29, 2015, 04:48:55 AM

Quote from: kainthefallen on May 29, 2015, 04:39:45 AM

Quote from: notlist3d on May 29, 2015, 04:23:05 AM

Quote from: kainthefallen on May 29, 2015, 04:18:06 AM

i know jack shit dude. i know nothing of doing this im new.

You will need to know these numbers. We can tell you not much without them. Electricity cost you should get a bill once a month and can use it to find it. And vat/import should be easy to know as it's based on country normally......

Again I ask what is your electricity cost? And do you have a import tax or vat?

hell i dont know what the electricty bill is cause i dont even pay it so how am i supposed to know? and no i dont cause i am NEW to all this like i have been saying!

Are you usually this helpless or only when it comes to bitcoin mining?

I HAVE NEVER DONE ANY OF THIS OF BEFORE SMARTASS IT SHOULD BE PLAINLY OBVIOUS BY NOW

It is plainly obvious, that you are a troll. Kiss

Finksy

legendary

Activity: 1022

Merit: 1003

kainthefallen,

all this business about reading & learning, buying equipment, finding out how to use it, whether or not it's profitable, and how to pay your own bills, it all sounds very difficult and inconvenient for you. Would it be easier for you if we all just sent you our hard-earned Bitcoin for free instead to pay for your education?

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Basically what we are saying is that if you want to mine bitcoins at a profit you may have to buy something like this mine:

Your going to need tens of thousands of dollars to get stated.
Think of mining like the lottery. Your "hash rate" determines how many lotto tickets you get and therefore determines your odds. It is possible to find a block mining on your home computer, but it is very unlikely. Just like buying 1 lottery ticket. The mines you are competing with are at a scale that gives them the equivalent of thousands of lotto tickets.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: kainthefallen on May 29, 2015, 12:41:21 PM

well any amount of money works for me even if its a small amount. i can save it up and add in interest and make more money from what i have. this is just a small way to increase the amount of money. thats what most people seem to use it as and id like to try and i will try and get the info needed. but til then i need to know everything else first. i need a url and a pool i can join and just start earning ok if you can do that that will be great and needed. dont worry about the dang hardware ill get it once i earned some money from mowing some peoples yards. i have cgminer 4.9.1 and a btcguild account so tell me what i need to do from this point with what i have already.

Were talking about cent's a day from running on a computer mining bitcoin. Your parents will spend more in electricity then you make.

Also it's not a get rich quick scheme I suggest getting a job to pay for college vs trying to mine it.

pj40

full member

Activity: 180

Merit: 100

You will make more money getting a part-time job at a fast food joint than you will mining bitcoin, plus you won't piss off your parents by hiking up their electric bill.

alh

legendary

Activity: 1846

Merit: 1052

What I think people are trying to convey is that the most likely outcome is that you'll spend $100 on hardware, and mine only $50 in return. You might be just as well served by buying bitcoin and hoping it appreciates in value. Please consider:

https://www.coinbase.com/

In terms of the specific items you mentioned. BTCGuild is your pool, should you actually do any mining. The specific cgminer software isn't relevant until you have a specific kind of hardware. You may also find that your mining hardware already has the required software "built in" (i.e. a version of cgminer).

The questions about electricity are still relevant. While you may not pay the bill, will it matter to those that do if you run your computer 24 hours per day, or some mining gadget that seems like a noisy 500 watt heater? That's why all the questions at the outset.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: kainthefallen on May 29, 2015, 12:41:21 PM

well any amount of money works for me even if its a small amount. i can save it up and add in interest and make more money from what i have. this is just a small way to increase the amount of money. thats what most people seem to use it as and id like to try and i will try and get the info needed. but til then i need to know everything else first. i need a url and a pool i can join and just start earning ok if you can do that that will be great and needed. dont worry about the dang hardware ill get it once i earned some money from mowing some peoples yards. i have cgminer 4.9.1 and a btcguild account so tell me what i need to do from this point with what i have already.

okay so you do not pay your power. you are in High School.

So your parents pay the power bill?

If this is the case tell us the power company's name. What state you are in.

Here is why my state is New Jersey my power company is first energy/JCP&L so my summer rate is 16.9 cents cooling is 1.1 cents this = 18 cents. No rig makes money at 18 cents a kwatt.

So if you are in a high cost area for your power and you buy a 600 watt miner everyone loses money.

kainthefallen

newbie

Activity: 11

Merit: 0

well any amount of money works for me even if its a small amount. i can save it up and add in interest and make more money from what i have. this is just a small way to increase the amount of money. thats what most people seem to use it as and id like to try and i will try and get the info needed. but til then i need to know everything else first. i need a url and a pool i can join and just start earning ok if you can do that that will be great and needed. dont worry about the dang hardware ill get it once i earned some money from mowing some peoples yards. i have cgminer 4.9.1 and a btcguild account so tell me what i need to do from this point with what i have already.

alh

legendary

Activity: 1846

Merit: 1052

Quote from: kainthefallen on May 29, 2015, 12:21:37 PM

i know it takes time to make money with this and its why i want to try it and as it is if i can use it to make alot of money good cause i need the money. i need to pay for college somehow before i get out of high school.

Sorry to disappoint, but it's VERY unlikely that Bitcoin mining will help with your college plans. You can learn something about Bitcoin via mining with your parents footing the electric bill, but your financial returns will be small (i.e. will likely be less than $1/day).

kainthefallen

newbie

Activity: 11

Merit: 0

i know it takes time to make money with this and its why i want to try it and as it is if i can use it to make alot of money good cause i need the money. i need to pay for college somehow before i get out of high school.

alh

legendary

Activity: 1846

Merit: 1052

It may be that Bitcoin mining is not for you. You will almost certainly be surprised then to learn that down the road that your income from Bitcoins will diminish over time as a result of the difficulty adjustments every two weeks, and the halving of the reward in the first half of 2016. This i all independent of the price of Bitcoin, which varies as I hope you know.

This will not prove to be a way to "get rich quick", or even slowly.

kainthefallen

newbie

Activity: 11

Merit: 0

Quote from: RoadStress on May 29, 2015, 04:48:55 AM

Quote from: kainthefallen on May 29, 2015, 04:39:45 AM

Quote from: notlist3d on May 29, 2015, 04:23:05 AM

Quote from: kainthefallen on May 29, 2015, 04:18:06 AM

i know jack shit dude. i know nothing of doing this im new.

You will need to know these numbers. We can tell you not much without them. Electricity cost you should get a bill once a month and can use it to find it. And vat/import should be easy to know as it's based on country normally......

Again I ask what is your electricity cost? And do you have a import tax or vat?

hell i dont know what the electricty bill is cause i dont even pay it so how am i supposed to know? and no i dont cause i am NEW to all this like i have been saying!

Are you usually this helpless or only when it comes to bitcoin mining?

I HAVE NEVER DONE ANY OF THIS OF BEFORE SMARTASS IT SHOULD BE PLAINLY OBVIOUS BY NOW

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: RoadStress on May 29, 2015, 04:48:55 AM

Quote from: kainthefallen on May 29, 2015, 04:39:45 AM

Quote from: notlist3d on May 29, 2015, 04:23:05 AM

Quote from: kainthefallen on May 29, 2015, 04:18:06 AM

i know jack shit dude. i know nothing of doing this im new.

You will need to know these numbers. We can tell you not much without them. Electricity cost you should get a bill once a month and can use it to find it. And vat/import should be easy to know as it's based on country normally......

Again I ask what is your electricity cost? And do you have a import tax or vat?

hell i dont know what the electricty bill is cause i dont even pay it so how am i supposed to know? and no i dont cause i am NEW to all this like i have been saying!

Are you usually this helpless or only when it comes to bitcoin mining?

And when someone is trying to give free advice. I mean I can not understand that.

OP needs to change attitude a little if wanting others help. It almost makes me wonder if it's a troll it's so bad.

RoadStress

legendary

Activity: 1904

Merit: 1007

Quote from: kainthefallen on May 29, 2015, 04:39:45 AM

Quote from: notlist3d on May 29, 2015, 04:23:05 AM

Quote from: kainthefallen on May 29, 2015, 04:18:06 AM

i know jack shit dude. i know nothing of doing this im new.

You will need to know these numbers. We can tell you not much without them. Electricity cost you should get a bill once a month and can use it to find it. And vat/import should be easy to know as it's based on country normally......

Again I ask what is your electricity cost? And do you have a import tax or vat?

hell i dont know what the electricty bill is cause i dont even pay it so how am i supposed to know? and no i dont cause i am NEW to all this like i have been saying!

Are you usually this helpless or only when it comes to bitcoin mining?

kainthefallen

newbie

Activity: 11

Merit: 0

Quote from: notlist3d on May 29, 2015, 04:23:05 AM

Quote from: kainthefallen on May 29, 2015, 04:18:06 AM

i know jack shit dude. i know nothing of doing this im new.

You will need to know these numbers. We can tell you not much without them. Electricity cost you should get a bill once a month and can use it to find it. And vat/import should be easy to know as it's based on country normally......

Again I ask what is your electricity cost? And do you have a import tax or vat?

hell i dont know what the electricty bill is cause i dont even pay it so how am i supposed to know? and no i dont cause i am NEW to all this like i have been saying!

Topic: i need a cheap effective rig (Read 1368 times)