Mining still worth it? | Bitcointalksearch.org

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

Quote from: chirupte on February 16, 2017, 01:40:43 PM

Hello there,
thought about starting to mine bitcoin, but someone told me that vit it not worth it anymore because of the high mining difficulties.
My second question is how i should start, if i want to mine.
I mean: What miner is the best for beginners and what software should i use?
Thanks in advance,
Vincent aka chirupte

If you are planning to mine bitcoin at this difficulty level you must invest a good amount of money as initial capital,purchasing of hardware is the biggest step,if you are planning to buy new ASIC machines you can check avalonminer and Bitmain as they are manufacturing mining equipments .It all depends upon your budget ,since you are a newbie here you can also take a look at alt coin mining which i think is more convenient if you have a limited budget.

unholycactus

legendary

Activity: 1078

Merit: 1024

Profitability on mining depends on your electricity cost. Unless it's very low, you probably can't run a profitable operation (<0.05$USD/kWh).
If you want to start mining, I suggest looking at miners available around you, since a good portions of costs will be shipping and import taxes.
Software is usually integrated with the hardware if it's an ASIC so you don't have to worry about it.

chirupte

newbie

Activity: 3

Merit: 0

Hello there,
thought about starting to mine bitcoin, but someone told me that vit it not worth it anymore because of the high mining difficulties.
My second question is how i should start, if i want to mine.
I mean: What miner is the best for beginners and what software should i use?
Thanks in advance,
Vincent aka chirupte

Topic: Mining still worth it? (Read 780 times)