need some knowledge and information about mining

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: WheatBreadSaid on July 02, 2015, 03:04:08 PM

mining with a pc seems like it will be too slow for bitcoin mining. i have decided to try mining. i purchased a cheap miner that is slow compared to the other miners out there but it is faster at mining then my pc is. slow miners will not create much btc but really fast miners will create more btc but the problem is fast miners are really expensive.

antimerns s5 which is the best miners right now, is not that expensive if you can find one used, you can get it for less than 1.5 btc, if your electricity is around 0.05, it is worth it

bitllionaire

legendary

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I recommned you not to invest in bitcoin mining because it is not profitable as there are really big pools and machines controlling the mining

BrianM

hero member

Activity: 546

Merit: 510

I have one piece of advice.
You should ONLY be involved in mining if you like the technoligy and you think it is fun, and you are learning a bunch about bitcoin.

You should NOT mine if you want to have a profit. You will get a minus, guranteed.

WheatBreadSaid

newbie

Activity: 23

Merit: 0

mining with a pc seems like it will be too slow for bitcoin mining. i have decided to try mining. i purchased a cheap miner that is slow compared to the other miners out there but it is faster at mining then my pc is. slow miners will not create much btc but really fast miners will create more btc but the problem is fast miners are really expensive.

alpesh102

full member

Activity: 131

Merit: 100

Quote from: Amph on July 02, 2015, 08:52:12 AM

Quote from: lahm-44 on July 02, 2015, 05:47:56 AM

still have some questions BTW i have invested 0.1btc at btc-x cloudmining...well what is the best mining rig...if i tried to mine at a lowest graphic pc

they use only one miners the best one on the market, the antminer s5, you only need to buy the equivalent hashrate, but you can buy as low as 1 giga, their rate is around 1.7btc for 1T so with 0.1 btc you get around 60GH

U can try ants5 in cloud mining in HASHNEST site...

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: lahm-44 on July 02, 2015, 05:47:56 AM

still have some questions BTW i have invested 0.1btc at btc-x cloudmining...well what is the best mining rig...if i tried to mine at a lowest graphic pc

they use only one miners the best one on the market, the antminer s5, you only need to buy the equivalent hashrate, but you can buy as low as 1 giga, their rate is around 1.7btc for 1T so with 0.1 btc you get around 60GH

Hexcoin

hero member

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Quote from: lahm-44 on July 02, 2015, 05:47:56 AM

can anybody can say me that what type of techniqes did cloudmining uses...i just know that they are running servers but how a cloudmining works...did it really mines?

If that "cloud mining" have mining rigs then yes they are mining. If they dont have mining rigs then they are a ponzi. Where they should get coins to pay their customer if they really don't mine?

BitcoinNewbie15

sr. member

Activity: 574

Merit: 296

Bitcoin isn't a bubble. It's the pin!

Asic miners will let you mine Bitcoin. The faster the miner is, the more Bitcoins you will generate. I do not personally use any cloud mining services, so I do not know if they work or if they are good or not.

lahm-44

sr. member

Activity: 336

Merit: 250

can anybody can say me that what type of techniqes did cloudmining uses...i just know that they are running servers but how a cloudmining works...did it really mines? did a cloudmining is better than investment or trading? Huh

still have some questions BTW i have invested 0.1btc at btc-x cloudmining...well what is the best mining rig...if i tried to mine at a lowest graphic pc

ikydesu

hero member

Activity: 686

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fb.com/Bitky.shop | Bitcoin Merch!Premium Quality!

Quote from: lahm-44 on June 16, 2015, 07:43:10 AM

as the title already says i want to know about mining bitcoins and also to other cryptomining.....
well i have tryed the cg miner,bg miner,bit-minter and some other mining softweres but they were no use because i have a low quality pc.
i have tried a cloud mining site today as one of my friend recommended me..but i know bitcoin cloud mining are not profitable as everyone had told me in the past..so to try this i have bought 1,840 k hashes...which is paying me about 23360+ satoshi per day
so i have some doughts like

is there any expiry time of the k hashes i have bought

is the speed or the amount of coins i am getting payed everyday will be reduced?

i know these type of sites are mostly scams but is there any risk of getting hacked or stolen coins?

-snip-

You need mining hardware, don't burn your PC.
About cloudmining compare: https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387

Quote from: lahm-44 on June 18, 2015, 03:32:18 AM

thanks everyone for all your helpfull feedbacks..and yes I know about asic chips and apso that they are the best things to mine bitcoins in compared with gpu and cpu mining..well I am from india so can anyone can give a little advice(if possible) that where can I huy a healthy mining ridge and what miner will be best to generate a profit of 150$ per month

Mining Hardware comparison: https://en.bitcoin.it/wiki/Mining_hardware_comparison
You can find a discussion about mining hardware here: https://bitcointalk.org/index.php?board=76.0 do a research and choose a hardware carefully.

~iki

cflocation

sr. member

Activity: 327

Merit: 250

it's a hardware thing!

Quote from: lahm-44 on June 18, 2015, 03:32:18 AM

thanks everyone for all your helpfull feedbacks..and yes I know about asic chips and apso that they are the best things to mine bitcoins in compared with gpu and cpu mining..well I am from india so can anyone can give a little advice(if possible) that where can I huy a healthy mining ridge and what miner will be best to generate a profit of 150$ per month

How much power do you have and whats the cost per kwh. You need to start there when jumping into mining so your not at a loss before you start.

noel57

sr. member

Activity: 392

Merit: 250

Quote from: lahm-44 on June 16, 2015, 07:43:10 AM

as the title already says i want to know about mining bitcoins and also to other cryptomining.....
well i have tryed the cg miner,bg miner,bit-minter and some other mining softweres but they were no use because i have a low quality pc.
i have tried a cloud mining site today as one of my friend recommended me..but i know bitcoin cloud mining are not profitable as everyone had told me in the past..so to try this i have bought 1,840 k hashes...which is paying me about 23360+ satoshi per day
so i have some doughts like

is there any expiry time of the k hashes i have bought

is the speed or the amount of coins i am getting payed everyday will be reduced?

i know these type of sites are mostly scams but is there any risk of getting hacked or stolen coins?

thank you in advance
sorry if i asked anything foolish thing i am just clearing my dought's

have a great day you all

Your questions are not foolish mate,
1, That can be answered by your cloud mining company.
2, The speed will not be reduced but the amount you are been paid may be reduced due to high difficulty
3, Keep your password safe and enjoy your cloud mining provided your mining company is legitimate.

alpesh102

full member

Activity: 131

Merit: 100

I suggest hashnest cloud mining.

valkir

legendary

Activity: 1484

Merit: 1004

The only cloud mining that are good are in my opinion : hashnest and bit-x

I prefer to get gear over cloud mining. At least if you get rekt you will have a nice gear to play with and learn.

You will also learn a lot more with gear over cloud. Wink

lahm-44

sr. member

Activity: 336

Merit: 250

thanks everyone for all your helpfull feedbacks..and yes I know about asic chips and apso that they are the best things to mine bitcoins in compared with gpu and cpu mining..well I am from india so can anyone can give a little advice(if possible) that where can I huy a healthy mining ridge and what miner will be best to generate a profit of 150$ per month

Vitamin King

full member

Activity: 164

Merit: 100

Quote from: lahm-44 on June 16, 2015, 07:43:10 AM

i have tried a cloud mining site today as one of my friend recommended me..but i know bitcoin cloud mining are not profitable as everyone had told me in the past..so to try this i have bought 1,840 k hashes...which is paying me about 23360+ satoshi per day

Seems you have tried out Scrypt.cc. They are a long standing miner and hopefully wont vanish overnight. But, please note that, having Khs means you are not mining bitcoin. You are mining some scrypt coin, volatility of which will determine your payment in bitcoin.

As an alternative investment you may try out www.CloudMining.website, who are paying for more than seven months now (Payment proof: www.cloudmining.website/payments.php) and also verified by a third party cloud mining monitor CMmonitor.com to offer ROI in ~114 days...

If you buy 10Ths or higher, then CMW offers the best rate in the industry, i.e. 0.0008 BTC/Ghs.

Quote from: lahm-44 on June 16, 2015, 07:43:10 AM

is there any expiry time of the k hashes i have bought

Check Scrypt.cc ToS.

Quote from: lahm-44 on June 16, 2015, 07:43:10 AM

is the speed or the amount of coins i am getting payed everyday will be reduced?

Depends on the coin's market value and difficulty rise.

Quote from: lahm-44 on June 16, 2015, 07:43:10 AM

i know these type of sites are mostly scams but is there any risk of getting hacked or stolen coins?

Do not re-invest, just take them directly to a wallet you control.

spazzdla

legendary

Activity: 1722

Merit: 1000

Buy an ASIC.

Perhaps one from Kijiji:

An S1, S3 or S5 from Bitmain.. anything from Bitmain actually.
Anything from Rockminer
Anything form spondolies.

Those 3 are highly trusted ASIC makers.

As for the stolen comment, remeber this statment please it is the most important you'll ever remeber when dealing with crypto.

"If you do not have full control over your private keys your bitcoins are not yours"

Amph

legendary

Activity: 3248

Merit: 1070

you need asic to mine with bitcoin, this isn't something new, and don't even bother with it, because it is not worth it if you don't have very cheap electricity

cloud mining are the same as regular mining, if they are legit, minus all the hassle about maintanance, dust, ecc...

you need to provide your cloudmining site, so we can answer better your question about the expiry time

if the diff stay the same you will receive the same amount every day, minus pool luck factor

the risk is the same as buying from someone some miners to mine at your home, just don't go with the obviously ponzi scam

lahm-44

sr. member

Activity: 336

Merit: 250

as the title already says i want to know about mining bitcoins and also to other cryptomining.....
well i have tryed the cg miner,bg miner,bit-minter and some other mining softweres but they were no use because i have a low quality pc.
i have tried a cloud mining site today as one of my friend recommended me..but i know bitcoin cloud mining are not profitable as everyone had told me in the past..so to try this i have bought 1,840 k hashes...which is paying me about 23360+ satoshi per day
so i have some doughts like

is there any expiry time of the k hashes i have bought

is the speed or the amount of coins i am getting payed everyday will be reduced?

i know these type of sites are mostly scams but is there any risk of getting hacked or stolen coins?

thank you in advance
sorry if i asked anything foolish thing i am just clearing my dought's

have a great day you all

Topic: need some knowledge and information about mining (Read 1451 times)