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Topic: My Bitcoin Beginnings: Got Scammed. Finally Mining. (Read 623 times)

newbie
Activity: 14
Merit: 0
that's right I can find a way to push the overclocking limits.
newbie
Activity: 27
Merit: 0
So I am fairly new to Bitcoin (Kicking myself for not getting started years ago when I first looked into it) My first experience was a negative one but things have since improved.

I got scammed.
Like an idiot I didn't do enough research and got sucked in by low prices, and sent BTC to someone who preys on suckers like me. asictech.info is the culprit, and it appears their account has been suspended. If anyone has any suggestions to recoop losses here, I'll gladly take them.

Since then I bough a Bitmain Antminer S1 via ebay. I paid more than I would have had I used BTC but I'm starting from scratch, and I'm comfortable with ebay.

A few days later my Antminer S1 arrived, and after rigging up a 1000w HP server power supply (I'll make a separate post about that project) I'm up and running. I overclocked right away and my average hashrate is just over 200 Gh/s (pool stats show a momentary max of 241 Gh/s would like to look into sustaining rates this high) my pool supports namecoin merge mining so I'm taking advantage of that. ROI prospects aren't looking great at the moment unless I can find a way to push the overclocking limits. I'm also considering mining various altcoins or trying to get more hardware (at better cost) to improve ROI chances.

Any thoughts, suggestions, questions or advice would be most welcome.

I'd have posted bits of this elsewhere, but I'm still a stuck in Newb-town.




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