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Topic: Mining. Want to start mining. (Read 1118 times)

sr. member
Activity: 532
Merit: 255
November 12, 2017, 03:09:46 PM
#24
Welcome to mining !.

How to mine Bitcoin ?...
Bitcoin is a cryptocurrency - anonymous digital money, essentially, that you can mine on your computer. We look at how to mine Bitcoin, and discuss whether it's a good idea.

Mining a Bitcoin requires the solving of complex computational problems. This is done through software that uses the GPU of a PC to essentially keep chipping away at answers until it finds the right one.

While this might sound easy - and when Bitcoin first appeared back it was certainly easier - these days the complexity of the problems are such that the power needed to crack them is substantial.

Because of this it's now virtually impossible to mine Bitcoin without serious, dedicated hardware, or through people joining together in pools to share their resources and rewards.

Before you delve too far into the Bitcoin scene it's worth considering the fact that's it's very difficult to make money mining Bitcoin. In fact, due to the cost of electricity and any additional hardware you might purchase (not to mention replacing Macs whose GPUs burn out due to excessive use) you could mine a net loss.

To have any chance of making a profit you'll need a powerful machine, along the lines of a MacBook Pro or a higher-end iMac such as the iMac with 5K display. You could theoretically use a MacBook Air or Mac mini but due to the lower-powered GPUs found in those devices it's not advisable.

Mining Software
Finally you'll want to install the mining software itself. Again there are a number of options, but a good starting place for those new to Bitcoin mining is MacMiner.

Will I make money?
Now this is a tricky question. The way pools work does indeed spread the load across a wide network, but there's no guarantee of any steady income.
hero member
Activity: 1008
Merit: 537
November 12, 2017, 01:26:30 PM
#23
Do a little research, there are many people out there that started mining and then decided to give up quick and want to get some cash out of the equipment. Put as much thought into the storage and care of the units as you do the units themselves. Keeping them cool and running well is a key to success.


Instead you asked him to research about it you can send the reference which can help him or you simply no need to post this without any information bro.
Youtube is the source to learn mining or trading. There are many articles available to learn what is bitcoin mining upto professional level.
ASIC miners are good to mine bitcoin and GPU is good altcoin mining.
sr. member
Activity: 924
Merit: 260
November 12, 2017, 12:19:44 PM
#22
Almost  $8,000 is good to start mining with especially if you have the mind to mining altcoins and you most focus on the best coins with high market capitalization. I went into mining bitcoin before but I have to close it down because of the operational costs especially the cost of electricity and cooling because I am living in a very hot country. Having take care of the foregoing advanced costs of operations, you should not going into it without adequate knowledge on how things work.
legendary
Activity: 1190
Merit: 1024
November 12, 2017, 08:50:38 AM
#21
Do a little research, there are many people out there that started mining and then decided to give up quick and want to get some cash out of the equipment. Put as much thought into the storage and care of the units as you do the units themselves. Keeping them cool and running well is a key to success.
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
October 29, 2017, 04:15:26 AM
#20
HEllo))  i am  new in this theme  and wnt to sk you with what i  have start?
My  budget is 7-8k $.  Where i  can  find good equipment to start?
Pls i know that here is many  topics like this but they  sometime old.
Want to speak here with someone who is more then avg in this question.
 Wink Wink Wink
Thank you for your answers

Ok, for a brand new person, try this route. Look for used units in your area, craigslist and even the classifieds. Start with just a few easy to use and maintain ASIC's, even in the 200 GH/s range. They are not going to pay much, but if you mess something up, there is less of a loss there.
newbie
Activity: 8
Merit: 0
October 18, 2017, 12:28:48 PM
#19
Thnx all for your advices.  I decided  to  1  asic miner Miner DR-100  and will  see if it will be profitable. ALready  waiting for it.  So keep in touch guys. 
newbie
Activity: 47
Merit: 0
October 15, 2017, 06:36:39 PM
#18
i am not the best in this filed but there is few things you need to have to start mining ! you need to buy a good equipment  even if is little bit expensive . and you  need to check the price of electricity. and find out if this mining project gonna be profitable or not .
newbie
Activity: 8
Merit: 0
October 15, 2017, 03:37:47 PM
#17
This whole thread looks like a scam...😂😂😂 Looks like someone want to sell his unprofitabel Asic miners  Grin

what do you mean??
newbie
Activity: 7
Merit: 0
October 15, 2017, 10:11:56 AM
#16
This whole thread looks like a scam...😂😂😂 Looks like someone want to sell his unprofitabel Asic miners  Grin
sr. member
Activity: 434
Merit: 255
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October 15, 2017, 09:51:49 AM
#15
I think you can try to order asic, If you can find a reliable supplier for a normal price. If we talk about gpu mining, then read the stores and wait for the release bitcoin gold


YEs actually  i think about ASICs because i dont want  do all  this things  you need to create GPU  mining.  Should i buy  for all  money  or first try  to  buy 1?
I recommend you to start mining with 1 GPU. It will not bring you much income but you will be able to see what will have to investing all of their money. If you hear something you like, you can sell your GPU (now it is not a problem) and try yourself in another business. Asic is expensive equipment and it may be outdated. Without experience there is no sense to start with this.
sr. member
Activity: 1246
Merit: 348
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October 15, 2017, 09:20:08 AM
#14
Welcome to the real world. First of all you should decide and choose one of them. GPU or CPU mining. CPU is more easy but Roi ( Return of investment) can be change according to models of your device. GPU is more hard but if you choose right hardwares and mine right coin Roi will be decrase.
newbie
Activity: 35
Merit: 0
October 15, 2017, 09:08:44 AM
#13

I did same search in darkweb and saw few nice sites with asics.  Can some one tell me what  software i  need to  use if i  will buy asic and what  i  can  earn?

What do u really want to mine ? What is profitable ? Coinwarz and check
see the hash power of the machine and input there and ur monthly bills etc calculate and u will get results for softwares u got to know what is profitable and then start researching while u wait for ur miner to come.
For me i think Dash is profitable cuz im using giga-watt the post above and see what miner they provide n do the math with coinwarz

Ps. Darkweb shows u nice n cheap shit if u pay u dont get ur item poof use bitman for ant miners.
newbie
Activity: 8
Merit: 0
October 15, 2017, 08:46:50 AM
#12

I did same search in darkweb and saw few nice sites with asics.  Can some one tell me what  software i  need to  use if i  will buy asic and what  i  can  earn?
newbie
Activity: 35
Merit: 0
October 15, 2017, 08:40:25 AM
#11
If your area electricity are expensive / u dont have any knowledge of maintaining the miner / dont have much time to look at it just wanna see income.
Let me recommend u Giga-watt.com
I personally bought a D3 miner from them waiting till Dec to start u can send miners over too but i dont know how much would it cost but buying from them seems to be a deal.
i counted around $150 per month for rental, maintenance, etc (round up)
Go coinwarz to calculate the hash power / price pool fee just set it to 2% /   Power Cost  = 0 dont forget ur hard ware price = Monthly income - rental = $150 = profit

Ps. i do not prompt for Giga-watt.com good things are meant to be shared.
newbie
Activity: 7
Merit: 0
October 15, 2017, 08:27:32 AM
#10
HEllo))  i am  new in this theme  and wnt to sk you with what i  have start?
My  budget is 7-8k $.  Where i  can  find good equipment to start?
Pls i know that here is many  topics like this but they  sometime old.
Want to speak here with someone who is more then avg in this question.
 Wink Wink Wink
Thank you for your answers

Yes welcome to the world of miners!

I started my journey into mining less than a year now. I pretty much started from not knowing much at all. But ive picked up alot of knowledge and experience since the day i started.

At the moment you have a very broad question. Everything depends on what you want to mine, what hardware is available to you, your local price for hardware, electricity cost for you, shipping vat or import taxes?

You definitely will need to do your due diligence, i faced alot of challenges starting up my mining facility  and i had still encountered issues.

If you would like to speak directly, i can offer some advice and shipping logistic questions. Feel free to pm me.
Happy mining!! Just try to enjoy the process and it will eventually pay off.


Many thnx for your advice man.  I will think about ASICs hope to  earn  good.  What is your advice ??  which  one is good atm?

The funny thing is that i know this pic from a youtube vid wich is 2 months old and this guy selling asic miners. If you put his name in google.... My honest advice is to not buy from not trusted sides, to many scams are there outside. Also the time from Asics passing buy for small private miners, not profitable anymore, zero resell falue... Best is to start small with some gpus, see if you like it and if not you have a new home pc or you can easly resell it or send it back to amazon within 30 days...  Grin Grin
newbie
Activity: 8
Merit: 0
October 15, 2017, 08:20:18 AM
#9
HEllo))  i am  new in this theme  and wnt to sk you with what i  have start?
My  budget is 7-8k $.  Where i  can  find good equipment to start?
Pls i know that here is many  topics like this but they  sometime old.
Want to speak here with someone who is more then avg in this question.
 Wink Wink Wink
Thank you for your answers

Yes welcome to the world of miners!

I started my journey into mining less than a year now. I pretty much started from not knowing much at all. But ive picked up alot of knowledge and experience since the day i started.

At the moment you have a very broad question. Everything depends on what you want to mine, what hardware is available to you, your local price for hardware, electricity cost for you, shipping vat or import taxes?

You definitely will need to do your due diligence, i faced alot of challenges starting up my mining facility  and i had still encountered issues.

If you would like to speak directly, i can offer some advice and shipping logistic questions. Feel free to pm me.
Happy mining!! Just try to enjoy the process and it will eventually pay off.


Many thnx for your advice man.  I will think about ASICs hope to  earn  good.  What is your advice ??  which  one is good atm?
newbie
Activity: 31
Merit: 0
October 15, 2017, 08:07:51 AM
#8
HEllo))  i am  new in this theme  and wnt to sk you with what i  have start?
My  budget is 7-8k $.  Where i  can  find good equipment to start?
Pls i know that here is many  topics like this but they  sometime old.
Want to speak here with someone who is more then avg in this question.
 Wink Wink Wink
Thank you for your answers

if you want to fast start i advice you to buy asics from darkweb...there guys buy from scam cards...but they sell you full safety items...
just look at the prices ..
i bought IBeLink™ DM22Gh from them for 2900$ from the first shipping...i dont know how they get it...
https://i.imgur.com/E7REb9U.jpg

http://wuxi-dark.space/product/ibelink-dm22g-x11dash-miner-with-22-ghs-hash-rate/
newbie
Activity: 8
Merit: 0
October 15, 2017, 08:07:06 AM
#7
I think you can try to order asic, If you can find a reliable supplier for a normal price. If we talk about gpu mining, then read the stores and wait for the release bitcoin gold


YEs actually  i think about ASICs because i dont want  do all  this things  you need to create GPU  mining.  Should i buy  for all  money  or first try  to  buy 1?
full member
Activity: 154
Merit: 100
October 15, 2017, 06:21:01 AM
#6
GTX1060 or RX580 is one of the most cost efficient cards.
You could try 3 of GTX1060 8way or RX580 8way.
full member
Activity: 784
Merit: 100
October 15, 2017, 06:13:23 AM
#5
I think you can try to order asic, If you can find a reliable supplier for a normal price. If we talk about gpu mining, then read the stores and wait for the release bitcoin gold
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