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Taskford

hero member

Activity: 2520

Merit: 783

Quote from: dgreenaim on October 28, 2019, 03:52:51 AM

I am new here and new to btc mining, please i need a helping hand to help to grow in mining btc.

You want to be involve on mining? Read here first https://avesta.io/en/cryptocurrency-mining-pros-cons-and-benefits/ But I'm not into mining today since it's a huge upset since the electricity cost in my place is so high and all profit is eaten by the maintenance cost of the hardwares. But you can learn more about tradings and for now this is the most profitable option if you do your trades right and you will not be greedy on certain situations on the market, also read here the basics about it https://www.cityindex.com.sg/trading-academy/crypto/trading-bitcoin/

JeromeTash

legendary

Activity: 2338

Merit: 1261

Heisenberg

Quote from: dgreenaim on October 28, 2019, 03:52:51 AM

I am new here and new to btc mining, please i need a helping hand to help to grow in mining btc.

Mining will require thousands of dollars to use for buying very good equipment and also cover the power bills if you are to realize reasonable profit out of it.
All this could also matter if the power tariffs in your country are low.

If i were you, i would go trading but first of course, you would have to learn and master it before going in full swing. There are other things you can invest your capital in around the forum and get some decent profits such as lending business.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

My advise? Don't go to mining. Halving is by the next half a year and a lot of your competitors would have gears much more better than you. Even if you were able to obtain access to gear equally powerful to them, you still wouldn't comparw woth the sheer amount of miners they have.
If you just want knowledge though. Go to the mining board. Other conments have already linked it out so feel free to check it out. I still hold by my opinion though that go to trading rather than mining.

Steamtyme

legendary

Activity: 1554

Merit: 2037

Well the best advice I have I put together in a thread a while ago. First time/Small miner reference for getting started. . The only new consideration to add into that is that the upcoming halving will reduce mining rewards, and it's not guaranteed the Fiat price will also increase. So be more cautious than normal when considering the price you would pay for gear.

In regards to the Poll and trading, do a lot of research before attempting it. I've toyed with the idea but still haven't taken the plunge to get into trading, as there can be a lot of risk involved and I'm not sure I've done enough research. So it may be something I never actually get involved with.

dragonvslinux

legendary

Activity: 1722

Merit: 2213

Have you looked in the mining board? It's here: https://bitcointalk.org/index.php?board=14.0
If you have specific questions about mining then you may find your answers there already.
Best of luck!

dgreenaim

newbie

Activity: 2

Merit: 0

I am new here and new to btc mining, please i need a helping hand to help to grow in mining btc.

Topic: New Here (Read 193 times)