Interested to start mining | Bitcointalksearch.org

black91

member

Activity: 98

Merit: 10

Quote from: btcformula on November 17, 2017, 04:12:55 AM

I am interested to start mining. It's better than trading (Short term).Guide me how can start.
what coin best to start mining & Minimum budget for buying mining machine.

Hey, you can start reading about coin market and some keywords which is being used here. Gradually start asking your doubts - we will help you to go further.

AMIT DAS

newbie

Activity: 31

Merit: 0

i am going in better position in bitcoin in very slowly and i have to wait for a long time to earn in bitcion. thats why i want to earn bitcoin within a smaller or little time. for that i want to do mining and i m also very interested about bitcoin. but whatever i know it gives us so many trouble like much sound from mining and also takes more electric, so please if any mining expert are there, please help to know more about mining.
THANK YOU

reliable

full member

Activity: 868

Merit: 151

Quote from: anujjain on November 17, 2017, 07:17:02 AM

Quote from: btcformula on November 17, 2017, 04:12:55 AM

I am interested to start mining. It's better than trading (Short term).Guide me how can start.
what coin best to start mining & Minimum budget for buying mining machine.

Better invest in bitcoin and forget about that for some years, you will get far better return.

Mining is anytime not profitable in India at least for couple of years if you have to play electricity cost, equipment cost etc. This will be a huge expenses. Instead if you want short term rightly said by my friends, buy btc and hold if for short time you should make money easily if market is on the right trend.

Rocky Handsome

member

Activity: 83

Merit: 12

★Bitvest.io★ Play Plinko or Invest!

Mining was a good idea to earn BTC during 2011 to 2013. You could easily start mining blocks by buying one single Antminer back then.

But nowadays, it's no longer profitable to mine bitcoins at home. The cost of electricity and your broadband connection per month will surpass the overall earnings through an ASIC miner. You can try out script mining though. It's still profitable.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: btcformula on November 17, 2017, 04:12:55 AM

I am interested to start mining. It's better than trading (Short term).Guide me how can start.
what coin best to start mining & Minimum budget for buying mining machine.

the problem with mining is that it is very basic certifiing work, and there are now huge mining pools that mine, people will over time create new miners new cryptocurrencies, thate are beeing used for a limited time.

regards

anujjain

sr. member

Activity: 434

Merit: 250

Quote from: btcformula on November 17, 2017, 04:12:55 AM

I am interested to start mining. It's better than trading (Short term).Guide me how can start.
what coin best to start mining & Minimum budget for buying mining machine.

Better invest in bitcoin and forget about that for some years, you will get far better return.

layover_guy

newbie

Activity: 29

Merit: 0

isn't just straight up investing better than mining? I mean an L3+ in India is costing around 2.5 Lakh at least (if you are lucky) and will take a year just to get your money back

Put that 2.5 In BTC, chances of getting yor money out in 3 months are way higher

btcformula

full member

Activity: 378

Merit: 101

I am interested to start mining. It's better than trading (Short term).Guide me how can start.
what coin best to start mining & Minimum budget for buying mining machine.

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