Topic: Mining BTC. (Read 548 times)

Your normal Pc wont be profitable with the CPU or GPU. It is advisable you invest in hardware specifically meant for mining like antminer-s7. Remember apart from the hardware, you need budget for electricity and maintenance with a pool fees.

(Bitcoin Mining) is one way to get Bitcoin. As mentioned earlier, we can see Bitcoin as a large global cash system that stores the history of transactions (or 'money movements') from one person to another. When Bitcoin transactions are processed on the Bitcoin network - meaning Bitcoin is being moved from one person to another - one needs to make sure that all transactions are properly recorded and the cash system has been synchronized around the world.

In the case of Bitcoin, this process is not done by individuals or companies, but by thousands of computers around the world that connect to the internet. These computers are known as miners or 'miners'. Simply put, they are 'computers that process transactions'.

To perform this processing in a secure way, the computers need to do complex calculations that make up enormous computing efforts, so it takes great energy and sophisticated special tools as well. Someone - the owner of these computers - needs to pay for these tools and electricity, so they have to get compensation from all the effort and money they spend to support this network. They get compensated through the newly mined Bitcoin. The mined new bitcoin acts as a reward and incentive for those who contribute to systems that support the transaction process.

Another way to understand this is to imagine what happens if big banks build the world's largest global transaction processing system: they'll spend billions of dollars and charge a small transaction fee to users to cover the cost of building the system.

With Bitcoin mining, the cost for this global system is divided into thousands of computers, and they cover their costs with the newly mined Bitcoin. Long story short, this is the democratization of financial infrastructure, thanks.

As far as I know, mining BTC is best done on an ASIC like the BitMain oones. You can check here by inputting the hashrate the approximate rewards : https://whattomine.com/asic in correlation with the current hashrate of the latest ASIC https://www.bitmain.com
Of course do your own diligence in regards to time spent waiting for an ASIC to arrive, the hashing power, and estimates.  

I would not recommend you to do that. It is too late for mining Bitcoins from your PC at this moment. You will get nothing even you run your PC 24 hours per day. It just too difficult..

There are three main hardware categories for bitcoin miners: GPUs, FPGAs, and ASICs. We'll explore them in depth below.
CPU/GPU Bitcoin Mining
The least powerful category of bitcoin mining hardware is your computer itself. Theoretically, you could use your computer's CPU to mine for bitcoins, but in practice, this is so slow by today's standards that there isn't any point.
You can enhance your bitcoin hash rate by adding graphics hardware to your desktop computer. Graphics cards feature graphical processing units (GPUs). These are designed for heavy mathematical lifting so they can calculate all the complex polygons needed in high-end video games. This makes them particularly good at the SHA hashing mathematics necessary to solve transaction blocks.

Please don't mine, useless (

Look up ASICs for the best hardware out there. I'm pretty sure they are coming out with better stuff as we speak for mining.

If you want mining BTC try this Bitcoin Mining Hardware

antminer-s5.md   Antminer S5   1.16 TH/s   
antminer-s7.md   Antminer S7   4.73 TH/s   
antminer-s9.md   Antminer S9   14.0 TH/s   
avalon6.md   Avalon 6   3.50 TH/s   
sp20.md   SP20 Jackson   1.3-1.7 TH/s      
antminer-r4.md   Antminer R4   8.6 TH/s

try to mine ALT, mining BTC is profitable only on ASIC miner.
ASIC miner are loudness - you cannot use it in a room, maybe in a basement.

If you want to mine btc, just find someone to help you cause mining nowadays alone with only some gpu percatage is not as good as it was years or even months ago.

I haven't done a ton of research, but now a days it looks like it takes a lot of power to mine and it's not as profitable as it used to be.  With bitcoin that is.  I think some people may want to just do it for fun or as a project. Of course you also need the money to invest into any hardware you don't have plus other costs such as electricity.  Even with bitcoin -  I suppose you could still gain, even if it's not much but these days anything is better then nothing.

In my opinion, digging is very difficult and we should leave it to experienced diggers. To me, it is easier and more effective to keep and keep coins. It's a brilliant plan.

I think mining BTC will be a lot of work because you need a good set of computer or what they call rig before we can properly mine. I have tried mining and it heats up my laptop very fast. So i guess the hardware must be advanced and better before you can mine.

You will need Bitcoin ASIC miner, which you can buy via various sites, but simple and safe way is Amazon site. You can look here for some more info - https://www.bitcoinmining.com/bitcoin-mining-hardware/. 

Well you know obviously your hard disk should be 1000 GB the least and go for intel core i7 and ram keep it more than 4 GB * the least *
Thats really more like you are making your pc for hardcore gaming ,
What really important is that you download an offline wallet.. for windows and then softwares like btc miner latest version will help you efficiently connect with the point source..
Also you do need to set your bitcoin address so that they can send you your rewards..
Then again search a little and I would recommend windows XP , its the best for all this stuff literally.

besides your computed, don't forget about extra cooling - you'll definitely need that

Nicehash and Minergate are software bro not a hardware. You have to look at the best Asic to mine the bitcoin since the algo and block has to mine are expecting high amount of hashes to completely the each block. If you are able to invest around 2.5k to 5k you can go with the any asic miner which can best to go for bitcoin mining like avalon, l3 plus or antminer s9.

Don't look into GPU's, don't look into anything  Bitcoin mining -- as you're not going to make a cent in Bitcoin mining these days, even with a large (and I mean very large investment) you're going to end up losing money as you're unable to maintain this, unable to compete with cheap power (such as China), and you're too keen on thinking of the free money that you forget the amount of work that goes into something like this.

Don't mine BTC.

I'd advise mining Altcoins, obviously using NiceHash or something along those lines to be able to auto exchange for Bitcoin -- then auto exchange to USD through something like Coinbase.

Or just Buy BTC, or investing in something else (stock market?)

Please don't try have a look in processor is the big matter in GPU even dual core will work efficiently and it will be enough to have 10 and more cards in the one rig. If you wish to start the ASIC miner you should have the hardware, PSU and all cabling line for miner.
If you mine with the GPU you have purchase the complete CPU board product and video cards to start the mining work. You will be able make money in mining altcoins with GPU.

You can Mine Bitcoins but the algorithm is hard these days, still, ASIC mining units are making a good profit. You can try nicehash or minergate for profitable hardware recommendations to mine Bitcoin. But it would be better if you go with Investment.

Bitcoin mining is no more a casual activity. It is a serious business now and we should leave it for those who treat it in that way. However, if you try to mine alt-coins then you can go with the programs like Minergate where you can start mining altcoins with the available resources but you will need comparatively higher efficient mining hardware to earn profit using it and then you can exchange it with BTC.

Well to be honest it is a little late for mining BTC from a computer. I would not recommend that. Try mining other crypto.

When Bitcoin just started many years ago, it was still possible to mine Bitcoin using the ordinary PC but as difficulties of mining increased mining became impossible using PC. Right now, you can buy specific equipment made just for mining and they can be expensive (though you can recoup your investment easily since Bitcoin is rising in value). Now, with PC I heard that you can instead mine other coins. Just search for it somewhere in this forum or in Google for more information. Mining business can be a good way to earn some money especially if your source of electricity can be cheap.

Agree.

As a little advice, I recommend you if you really want to do mining, research carefuly and start mining other currencies, which for sure will be much more profitable than mining BTC. Nowadays BTC mining is for the mining farms only. Try to find a coin that supports both PoW and PoS mining (if you don't understand what I telling about, search PoW and PoS on Google), it will be even more profitable for you, for sure.

You can either buy Bitcoin ASIC miner to mine bitcoin, or build high end GPU mining rig to mine Altcoin and exchange it for bitcoin in exchanges. You can go to the Bitcoin mining section or altcoin mining section of this forum for more information, or just google it.

I would definitely research some more on various websites and sources to see what they recommend. Self-research is going to help you improve your learning and grow with your project instead of stumbling along from clear-cut directions from a forum poster.

Look into GPUs!

What Pc requirements or  software/hardware pc req is recommendable to mine btc?
I want to start mining but i heard that it requires high system specs so your motherboard won't be toasted. Glad if you can help me.