Topic: I want to know about BTC mining - page 2. (Read 2357 times)
Altcoin is much easier. BTC requires hardcore equipment with huge hash rate. Do your research on Litecoin, it might be the perfect fit for you.
I am a new comer. I am here to learn about BTC. Specially BTC mining. I hope everyone will help me. I have heard that altcoin mining is much more profitable than BTC mining. So what should i do? Go for altcoin mining or start with BTC mining?
yes true altcoin mining more profitable because in terms of fees and terms of current income and a lot easier to mine, but still depends on the market price of the coin and the coin Difficult when the mine.
I am a new comer. I am here to learn about BTC. Specially BTC mining. I hope everyone will help me. I have heard that altcoin mining is much more profitable than BTC mining. So what should i do? Go for altcoin mining or start with BTC mining?
Why so interested in mining? Speculating on mining difficulty, IMO, is much more difficult and uncertain than speculating on price. And if you are not backed by big money, you could potentially be left behind VERY quickly if difficulty takes off again. Altcoin mining can be very profitable, but you will often ending up mining worthless coins, then get saved when one of them gets pumped. Eventually.
Make sure to take profit! You better mine altcoins, theycan stey profitable for some while.
Which altcoin is better and profitable to mine? 
Btc mining isn't profitable, you should have thousands of $ in order to set up a mining farm, otherwise you won't earn anything.
can i start mining with pools? What do you think about it?You should definitely use pools.
Unless you have a lot of hashrate, say 100 TH/s, you are very likely going to get nothing with solo-mining.
Btc mining isn't profitable, you should have thousands of $ in order to set up a mining farm, otherwise you won't earn anything.
can i start mining with pools? What do you think about it? 
Some places have a outrageous price for electricity. That is why there is hosting. Electricity unfortunately your right you cant switch around in most cases. Electricity is always dependent on location of miner and company.
It totally comes down to the place you are at, actually. People in the Pacific Northwest for example sometimes have extremely low rates for electricity. It's practically almost free there! Those people could even run old ASICs en masse. They can buy cheaper ASICs that are not that effective and still profit, while other people can't do that because they only have access to expensive electricity!
I am a new comer. I am here to learn about BTC. Specially BTC mining. I hope everyone will help me. I have heard that altcoin mining is much more profitable than BTC mining. So what should i do? Go for altcoin mining or start with BTC mining?
BTC mining or AltCoin is much more profitable if we can invest in the large sum of $, it's difficult to pull the investation
so it depend on you, you have large number of $ you can invest it with trusted cloud mining service
I am a new comer. I am here to learn about BTC. Specially BTC mining. I hope everyone will help me. I have heard that altcoin mining is much more profitable than BTC mining. So what should i do? Go for altcoin mining or start with BTC mining?
What kind of equipment do you have or plan to get? Sha256 ASIC? Scrypt ASIC? Or just a computer with GPU and CPU?
TBH, unlike a few years ago, it is much harder to get profit with bitcoin/altcoin mining now, and you should do some calculations first.
mine to learn that too, ha ha
This question arises quite often.
Selling your hash power makes sense.
Why?
Because you give up your risk to your customers and monetize immediately your investments instead of holding and holding and holding. If you have even a very small amount of loans then having a constant income lowering the risk can be extremely beneficial.
Selling your hash power makes sense.
Why?
Because you give up your risk to your customers and monetize immediately your investments instead of holding and holding and holding. If you have even a very small amount of loans then having a constant income lowering the risk can be extremely beneficial.
GPU mining profitable is even worse right now.. look at the profit for x11..
Yes indeed, he would have probably pulled my hair a bit... but I still believe GPU multipools are going to stay - they're really a good thing to start while you wait for the FPGA cards to be designed. 
There is no trick. Mining can be profitable and ROI. Just make sure to do math.
A lot will have to do with your electricity price and space you have. If you are lucky to have extra space and cheap electricity you can still make a profit on Asics. (This is from personal experience GPU/CPU is dead as far as profit for me but Asics are very much alive.)
A lot will have to do with your electricity price and space you have. If you are lucky to have extra space and cheap electricity you can still make a profit on Asics. (This is from personal experience GPU/CPU is dead as far as profit for me but Asics are very much alive.)
Yeah sure, but you have to have the access to cheap electricity. It is not as if you can easily gain access. It most often depends on where you live and which company sells you your electricity!
Some places have a outrageous price for electricity. That is why there is hosting. Electricity unfortunately your right you cant switch around in most cases. Electricity is always dependent on location of miner and company.
Yeah, but which hosting company would sell their hash rate at a rate that is better than actually using it to hash for yourself? Why would they sell their stuff if mining for themselves was more profitable? I think many people also want to run their own gear because they like mining, man
Good guys, protecting the network!!! 
There is no trick. Mining can be profitable and ROI. Just make sure to do math.
A lot will have to do with your electricity price and space you have. If you are lucky to have extra space and cheap electricity you can still make a profit on Asics. (This is from personal experience GPU/CPU is dead as far as profit for me but Asics are very much alive.)
A lot will have to do with your electricity price and space you have. If you are lucky to have extra space and cheap electricity you can still make a profit on Asics. (This is from personal experience GPU/CPU is dead as far as profit for me but Asics are very much alive.)
Yeah sure, but you have to have the access to cheap electricity. It is not as if you can easily gain access. It most often depends on where you live and which company sells you your electricity!
Some places have a outrageous price for electricity. That is why there is hosting. Electricity unfortunately your right you cant switch around in most cases. Electricity is always dependent on location of miner and company.
Mining can be only profitable if you either invest a large sum, or speculate on new altcoins. It's difficult to pull off.
Yeah, most people rather just mine the latest coin and hope that people will buy their coins in a futile attempt to diversify their portfolio (in order to catch 'the next big thing')... Just take a look into the altcoins section! It's like a freak-bazaar!
There is no trick. Mining can be profitable and ROI. Just make sure to do math.
A lot will have to do with your electricity price and space you have. If you are lucky to have extra space and cheap electricity you can still make a profit on Asics. (This is from personal experience GPU/CPU is dead as far as profit for me but Asics are very much alive.)
A lot will have to do with your electricity price and space you have. If you are lucky to have extra space and cheap electricity you can still make a profit on Asics. (This is from personal experience GPU/CPU is dead as far as profit for me but Asics are very much alive.)
Yeah sure, but you have to have the access to cheap electricity. It is not as if you can easily gain access. It most often depends on where you live and which company sells you your electricity!
There is no trick. Mining can be profitable and ROI. Just make sure to do math.
A lot will have to do with your electricity price and space you have. If you are lucky to have extra space and cheap electricity you can still make a profit on Asics. (This is from personal experience GPU/CPU is dead as far as profit for me but Asics are very much alive.)
A lot will have to do with your electricity price and space you have. If you are lucky to have extra space and cheap electricity you can still make a profit on Asics. (This is from personal experience GPU/CPU is dead as far as profit for me but Asics are very much alive.)
I am a new comer. I am here to learn about BTC. Specially BTC mining. I hope everyone will help me. I have heard that altcoin mining is much more profitable than BTC mining. So what should i do? Go for altcoin mining or start with BTC mining?
Bitcoin mining is a process of mathematical calculation performed on the Bitcoin network. As you well know, Bitcoin running in an online system, and the purpose of the mathematical calculation is to verify bitcoin transactions on the Internet. By performing the verification, a bitcoin miner will get a new block gap in the Bitcoin network that contains a number of new and Bitcoin can be taken. That's where a Bitcoin Bitcoin miner will get to him. The more the process of verification and pemenuan new blocks, which can then be mined bitcoin will be the more. Got it?Then how to verify and find someone new block in the Bitcoin network? just as we are want to open a word file or mp3 file, Bitcoin mining also works the same way. But when we have entered the bitcoin network, a process that will be done will be much more severe because the computer is required to open the data that has been protected by strict security system. Therefore, in doing Bitcoin mining, the device has a high specification is an obligation.
Unless you have an ASIC then do not mine BTC. If you have a GPU or lots of GPU's then mining altcoins is a good idea. most altcoins on a GPU are hundreds of times more profitable than mining BTC.
But keep in mind that there are also ASICs for certain altcoins, so you may be better off mining a coin that's new and there's no ASIC for it already. SCRYPT coins do have ASICs by now, totally messing with the equilibrium, man!
Instead of bitcoin mining, which is really hard, you could try with altcoins mining, it's cheaper and if you are enough lucky is profitable.
If you want only to pratice mining without investing too much, try a cloud mining website and do your experiments.
If you want only to pratice mining without investing too much, try a cloud mining website and do your experiments.
Unless you have an ASIC then do not mine BTC. If you have a GPU or lots of GPU's then mining altcoins is a good idea. most altcoins on a GPU are hundreds of times more profitable than mining BTC.
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