Author

Topic: Looking for recommendation to start (Read 731 times)

legendary
Activity: 3822
Merit: 2703
Evil beware: We have waffles!
September 16, 2017, 11:41:57 AM
#6
^^ Then flip a coin Wink
Why do so many folks avoid taking responsibility for making decisions in their lives? It is YOUR money - read the tons upon tons of opinions already given here in the Forum and then DECIDE FOR YOURSELF.
newbie
Activity: 1
Merit: 0
September 16, 2017, 08:14:31 AM
#5
Hi all,

New to the forum and bitcoin mining. I have very cheap electricity in my locality and want to start with mining bitcoins. I have gone through the basics however, I am unable to decide which crypto-currency to mine, the ones with ASIC or the ones with GPU RIG>



Thanks
full member
Activity: 126
Merit: 100
Waves address 3PP4npcijfECsxrf4Ms4rSxPuZq1kamGn7H
September 16, 2017, 07:08:03 AM
#4
Try your first step with NiceHash Miner miner.nicehash.com
You don't earn much but it teaches you the basic of BTC mining. Then go from there...
legendary
Activity: 3822
Merit: 2703
Evil beware: We have waffles!
September 12, 2017, 10:35:46 AM
#3
First read Bitcoin mining 101
If you can deal with the 5 points given then go for it.
If you can't - find a different plan.
legendary
Activity: 1274
Merit: 1004
August 20, 2017, 07:53:11 PM
#2
What most people do is, they mine new coins first and collect them and sell them at higher prices once community grows or they get listed on exchanges.

Ps: Check these sites and chose the most profitable one.
https://whattomine.com
https://www.coinwarz.com/cryptocurrency
full member
Activity: 546
Merit: 106
Bountyhive.io
August 20, 2017, 07:48:39 PM
#1
Hi, I've been toying around with getting a decent miner, but can't decide. I'm a bit strapped for cash at the moment but want to get started anyway.

If my power costs are $0.00, and efficiency per watt isn't required, is there a cheap way to get into mining that doesn't have a long 9-10 month pay back period?

I've looked and theirs just so much uncertainty when it comes to mining, I know going altcoin gives me the most flexibility and allows me to slowly invest 1 card at a time. But are there really no older gen miners that weren't efficient but still pump out THs?

I know it's probably a stupid question but I figured since I'm new maybe you'll forgive me this one Smiley
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