Author

Topic: Mining for the first time (Read 490 times)

legendary
Activity: 3822
Merit: 2703
Evil beware: We have waffles!
October 09, 2017, 08:52:57 PM
#7
Buliding GPU miners is a great way to get some passive income. Great ROI imo
And for mining altcoins one needs to go to the Mining (Altcoins) area as this one is for BTC only...
newbie
Activity: 3
Merit: 0
October 09, 2017, 04:02:24 PM
#6
Much thanks so far guys, Smiley

But since Im from germany, i would consider cloud mining is the best option for me?
Im trying to decide which coin i should mine? Pure Bitcoin or are there some more profitable altcoins out there which you would recommend?
full member
Activity: 140
Merit: 100
October 09, 2017, 03:48:19 PM
#5
I would suggest looking into cloud mining websites like Genensis mining or Hashflare. Alternately, BTG is coming up soon, you can mine that.
hero member
Activity: 1065
Merit: 510
October 09, 2017, 03:10:53 PM
#4
Hey community :-)

Im new to mining, until now i was only trading btc/altcoins. It worked out pretty well so far and no i would like to invest a bit of my profit for a passiv income.

What do you guys think is atm and maybe in the near future the most profitable and "safest" way to mine?
Im thankful for every tip i can get and source i should read. :^)

Greetings
What coin would you tend to mind? Bitcoin or altcoin? but either of those things you should consider first on the electricity cost in your place so that once you start mining operations energy consumption or expenses wont really hurt you compared on having an expensive rate then mining is just a senseless thing to do. You can actually buy on Bitmain.com on asic miners needed and talking on altcoin gpu mining there would be plans on dedicated gpu solely for it.
member
Activity: 112
Merit: 10
October 09, 2017, 03:02:55 PM
#3
If you want to start mining you need to choose first the algorithm of mining. I mean Proof of Work or for instance Proof of Stake.
sr. member
Activity: 784
Merit: 262
AZBI NETWORK - Multichain system
October 09, 2017, 12:49:15 PM
#2
Hey community :-)

Im new to mining, until now i was only trading btc/altcoins. It worked out pretty well so far and no i would like to invest a bit of my profit for a passiv income.

What do you guys think is atm and maybe in the near future the most profitable and "safest" way to mine?
Im thankful for every tip i can get and source i should read. :^)

Greetings

I can not give any knowledge about mining,
but there is something I will convey with this,
at the beginning of the mine you should record correctly every expenditure you spend to finance the mining that you started,
because I often read from those who spend a lot of money for mining and not the profit they get but only the bloated electricity costs they pay
newbie
Activity: 3
Merit: 0
October 09, 2017, 09:06:29 AM
#1
Hey community :-)

Im new to mining, until now i was only trading btc/altcoins. It worked out pretty well so far and no i would like to invest a bit of my profit for a passiv income.

What do you guys think is atm and maybe in the near future the most profitable and "safest" way to mine?
Im thankful for every tip i can get and source i should read. :^)

Greetings
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