I'm a newbie. I want to know how to mining bitcoin

reflector

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Quote from: BattleZeo on April 22, 2018, 03:31:20 PM

Quote from: bluecoinX on April 18, 2018, 10:17:58 AM

I want to know how to dig the bitcoin now, how to dig the bitcoin before, how is it different now? Is mining knowledge widespread?

Mining is not profitable now, if you want to invest only one or two mining machines, and if electricity fee is high in your country. Better to rent mining equipment from the farm. More equiments to have, more costeffective to mine.

Who said it is not profitable, if you invest on mining platform you have to invest the big fund for it mate. Please look into right GPU cards or ASIC hardware to start your mining career. I am definitely sure about it. You will get the profit easily bro.
If you can mine in industrial power for mining with the ASIC cards in more numbers. If will give the way to earn more money mate.

BattleZeo

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Quote from: bluecoinX on April 18, 2018, 10:17:58 AM

I want to know how to dig the bitcoin now, how to dig the bitcoin before, how is it different now? Is mining knowledge widespread?

Mining is not profitable now, if you want to invest only one or two mining machines, and if electricity fee is high in your country. Better to rent mining equipment from the farm. More equiments to have, more costeffective to mine.

torotot

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Prepare your money in the pocket for it is expensive. Don't expect that you will pay for small amount if you engage in mining. Prepare more hour to mine in the disk with your health and money. If you are ready then you should buy the upgraded cp to make sure it will work properly.

len23

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I don't experience yet digging or mining coins because others says it's a waste of time and it's for the big investors that's why I did not try it.

housebtc

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Bitcoin mining is not for small investors it is a waste f time and resources, because million of Dollars has been invested into the space and better technology are been developed to mine it, you can play around with some other Altcoins. What I will advice you not to do is to invest into online mining websites, they are all scam site and will be a waste of time and your money

micheal wang

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Waiting for a moderator to move this thread.

If you have a lot of money, you can mine bitcoin at the present time. With the popularity of bitcoin in the past few years many companies and groups of people who work together for bitcoin mining. As a result the tool mining tools are now very rare and expensive because of the scarcity caused by the demand for mining tools. Much has to be spent on bitcoin mining, you will pay monthly electricity with expensive, time you will be consumed because your computer must live for 24 hours and you have to control it. And I think now bitcoin mining is not worth it for our circles, you better choose investment or trading at this time.

KEPLER99

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Quote from: jomarkororo on April 18, 2018, 12:41:46 PM

you should know first the materials you will need to mine bitcoin and also you have knowledge about mining, go to mining section to know more about

I would not suggest him this method. Mining section is the right place to get hands on all the details but this method demands investment. It requires good hardware and a lot of it actually. There should be electricity running these systems 24/7 but as electricity is not a cheap thing, it is better to choose other methods of earning via crypto currencies.Then person needs to install mining software and start working.

labilaab

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I adviced you to stop mining for bitcoin for now my friend since its no more profitable compared before.You instead will be in a great loss for using too much electricity mining and getting only small amount of block from bitcoin.Better mine for altcoins with only few miners to gain more blocks.

Getcoinsite

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Quote from: torrantz on April 18, 2018, 10:24:41 AM

Quote from: bluecoinX on April 18, 2018, 10:17:58 AM

I want to know how to dig the bitcoin now, how to dig the bitcoin before, how is it different now? Is mining knowledge widespread?

it may better for you to visit mining section of bitcointalk forum, It's really difficult to mining bitcoin right now consider the difficulty and long-term return. Before 2016 bitcoin it's a bit easy to be mined by the miners consider the difficulty hasn't been getting an increase. If you are not active miners since the beginning of bitcoin and remember that. You will be lost in battle with asic miner.

yups.go to Mining Section here https://bitcointalk.org/index.php?board=42.0

But i warn you,if youre region has a high price of electricity please don't consider mining because its too expensive and you might end up losing or break even,so if were you i will find another source of income here than mining

btcyoda

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Now the present situation of the market it is the really bad idea to learn about mining because due to the difficulty it will take a lot of time to mine the Bitcoin. So you can learn some basic things about the mining then go head to get knowledge because you use them to mine the other profitable coins.

zakariajaki

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talking about minning farming is very interesting, but i can only encourage, and what else we minning is big coin like BTC, BCH, ETH ect, i think it is very expensive but not impossible and can be done, for me learn more in detail minning the world crypto any needs, requires knowledge and what ability, what time yan you are looking for sure to meet, continue to learn no one can not, the spirit of friends and useful

JJriver

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Quote from: bluecoinX on April 18, 2018, 10:17:58 AM

I want to know how to dig the bitcoin now, how to dig the bitcoin before, how is it different now? Is mining knowledge widespread?

For a beginner, mining of bitcoins looks unrealistic. You need huge capacity and spending on consumables that will not completely block the profit from getting coins, which is already not so much.

mkumar76

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nowadays mining is not that beneficial .
price of btc is down and cost of mining is high bcoz of high competition and electricity cost .
if you think you will hold btc till price pump , then you have to pay all expenses from your own pocket .
rest decision is yours .

Dread

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Quote from: bluecoinX on April 18, 2018, 10:17:58 AM

I want to know how to dig the bitcoin now, how to dig the bitcoin before, how is it different now? Is mining knowledge widespread?

mining now?
i think it`s a no good idea for newbie..
BTC price is high, scillability is too high and you need in huge mining sources, but (i think) you cant take your peace of cake

bobo012

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Quote from: bluecoinX on April 18, 2018, 10:17:58 AM

I want to know how to dig the bitcoin now, how to dig the bitcoin before, how is it different now? Is mining knowledge widespread?

Build yourself a mining rig with gpus, then mine altcoins and exchange them for bitcoins. That is the best way to get bitcoin. You can of course mine with asics, but i dont like them because they tend to get old quick. So i mine with gpu rigs

BetadiNe

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many ways can be used to mine bitcoin, for example being bounty hunter, and mining, but I think currently the most widely used is to be a bounty hunter.

OuterTech

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Spend your time to take a look at Mining section. There are a lot of topics about mining and I think you'll find out everything you need about mining in here

. But at first I think you need to have huge amount of money to be able to start mining cause there are a lot of things you need to pay for if you choose mining.

Poink

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Check this... https://www.nicehash.com/

You don't know what your machine will mine but you will be paid in BTC.

Crypto_lion

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Sorry to say this dude but you are late to the party just like me unless you are a big investor who can buy high hash rate machines .Check out whattomine and you will get a idea

jomarkororo

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you should know first the materials you will need to mine bitcoin and also you have knowledge about mining, go to mining section to know more about

ReiMomo

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Quote from: bluecoinX on April 18, 2018, 10:17:58 AM

I want to know how to dig the bitcoin now, how to dig the bitcoin before, how is it different now? Is mining knowledge widespread?

Mining needs knowledge about Bitcoin and other crypto currencies and wide knowledge about hardware with bit installation knowledge. Please do note that mining rigs and the hardware used for it is bit costly and you need to check the electricity price since more consumption required for mining any coins and you need to have low electricity cost to gain more profit or else your profit will be paid as electricity bill.

azizsatrasia68

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Mining requires high-quality CPU and GPU equipment and it will increase the electrical load. Many offer cloud mining, but most of them commit fraud. I suggest you to search for more information from the mining forums.

Abigail.Parsons

newbie

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Mining in the traditional sense isn't too profitable really. The industry is getting quite centralised and this is squeezing the average miner out. You can however join a pool which has a decent rate of return. (nothing crazy) A pool is a bunch of people world wide pooling together their CPU power into one mining address and any profits taken will be distributed. the way they get distributed depends on the type of pool you join.

Bencus

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Quote from: bluecoinX on April 18, 2018, 10:17:58 AM

I want to know how to dig the bitcoin now, how to dig the bitcoin before, how is it different now? Is mining knowledge widespread?

I'd say it is really hard to be profitable in mining, the return rates have became low.
If you are not a professional miner, getting industrial electricity which is cheaper, it does not worth the investment to get into bitcoin mining, in my opinion.
If you have a good PC, you might want to try mining other coins, other than the big ones (ETH, BTC).
(and please, improve your english a bit)

Also, you might want to read the Mining section of this forum.

hasna17

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Are you a beginner? bitcoin is now not as it used to be,
we must have a large enough capital, and may need guidance to be able to mine BTC and to be able to find out please visit at
http://whattomine.com/coins if you have enough capital you can, by way of Treding for example, maybe it also needs a guide first.
in order not to lose.

Pikachu12

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Quote from: bluecoinX on April 18, 2018, 10:17:58 AM

I want to know how to dig the bitcoin now, how to dig the bitcoin before, how is it different now? Is mining knowledge widespread?

current bitcoin mining. very difficult. Two years ago it was quite easy. You need to consider before performing bitcoin mining. There are better options than mining. go to bitcoin, mining

coin163

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Quote from: bluecoinX on April 18, 2018, 10:17:58 AM

I want to know how to dig the bitcoin now, how to dig the bitcoin before, how is it different now? Is mining knowledge widespread?

wrong place dude, you should go to https://bitcointalk.org/index.php?board=14.0 and read many guide and support to mine bitcoin there
the best place to know profitable coin and diff at: https://whattomine.com/coins

torrantz

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Quote from: bluecoinX on April 18, 2018, 10:17:58 AM

I want to know how to dig the bitcoin now, how to dig the bitcoin before, how is it different now? Is mining knowledge widespread?

it may better for you to visit mining section of bitcointalk forum, It's really difficult to mining bitcoin right now consider the difficulty and long-term return. Before 2016 bitcoin it's a bit easy to be mined by the miners consider the difficulty hasn't been getting an increase. If you are not active miners since the beginning of bitcoin and remember that. You will be lost in battle with asic miner.

bluecoinX

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I want to know how to dig the bitcoin now, how to dig the bitcoin before, how is it different now? Is mining knowledge widespread?

Topic: I'm a newbie. I want to know how to mining bitcoin (Read 119 times)