Topic: New on Mining (Read 364 times)

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Hi TheUltraElite,

Thank You for your prompt reply. I will surely do some research in fact I have already started on it. Just waiting to get that start point so I will get comlete information. 

I tried to search in Google about ASIC and below below things, is this something are you saying about?

https://www.ubuy.co.in/catalog/product/view/id/6861192/s/antminer-d3-17-0ghs-x11-asic-dash-miner?gclid=Cj0KCQjwp4j6BRCRARIsAGq4yMHwqJrYFKi410AdLyl3vYRkVBAFE_JIZVOtT39gba7MVlWEfUXivKwaAjlLEALw_wcB

Regards to finding software and coding, yes currently I am facing difficulty is that too, any any thread you can ping me here, I will go through it.

The software which I know currently are , ethminer-0.9.41-genoil-1.0.7, Claymore.s.dual.ethereum.miner.v15.0.-.widows, and NiceHash Miner. But whenever I tried to extract all files the main application file and start.bat is gets disappear, even disabling windows firewall/antivirus.

I will surely do more research on it.

Thank You.
 

That is fine but you will have to buy the miners first.

You cannot mine bitcoin or any of the top level altcoins using the hashpower of your PC, you will end up damaging its CPU,GPU.

Those sites are not trustworthy to use. Many of them are malware loaded and are called browser mining which essentially mined XRP using your CPU, but if you ask me that is a complete waste of electricity and device life for few dust denominations. Those sites actually use your and millions of other people's CPU to generate a considerable hashpower and use that to mine. End of the day you are sacrificing your device life for their profit.

I dont mine but I know some of the details. You would have to buy what is called an ASIC. But like I said, previously considering the number of ASICs you need to purchase in order to set up a proper mining farm to be anything close to profitable, you will need a huge investment in terms of manpower, finances and other costs. I dont assume you to be the progeny of some millionaire from India?

Jokes apart, look into the internet for ASIC prices and how much it takes to ROI, that is get a return of what you invested in building the farm.
Not sure why you are having difficulty with this. You can read the threads in the Mining (Altcoins) section of this forum as well for more details.
Who told you that mining ETH was profitable anymore? AFAIK, Ethereum might be moving to a Proof-of-stake system in the future. Just because ETH price is rising currently does not mean it is profitable. I have been watching it since its inception and this is nothing new.

Suggest you compute and do some research from the threads in Mining (Altcoins) subsection first.

Hi TheUltraElite,

Thank You very much for replying. I got the information about how it is hard for independent miners and don't want to go with that option.

I see that the mining pool is something like we will be doing mining in the group of people with the mining equipment. I want to go with this.

I have my personal computer on which I tried many third party sites for mining like Cryptotab, eobot, but not even earn single penny as I mentioned in the initial comment.

My personal computer is not advance, but I am thinking to buy a basic hanrdware which can help to mine average level. Here I Need help from miner people like you.

2. Best working software.
3. Coding for the software.

As you said these are not difficult to get. Just like downloading any other software. I checked many but not worked. So as a proper guideline please help me in this to. The software name and from where I can download, where I find the coding if is require for that software.

I am thinking to mine Ethereum (ETH). Or any you can suggest.

Hope you understand what details I am looking through this comment.

I am completely new and any kind of help will be appreciate. 

Thank You.

 

I am not sure about that claymore ethereum miner you would better off asking in the Mining (Altcoins) section if you need help with that.

Mate, you are looking to buy hardware and thinking of costs?

The reason why mining is no longer profitable for independent miners is that the costs to buy enough rigs and run a farm big enough to get a decent ROI is way higher than the projected income. Mining was profitable at one time back in the pre-2013 era, not anymore, at least for small cap miners.

Today you have to buy thousands of miners in order to even compete with the rest of the miners of the world. Added to the fact that electricity is not cheap in this country and that a farm to place the miners is also a tough thing, unless you already own the property. You will also need cooling equipment  to go through the 11 and half months of heat.

Lets not even think about the chance of device breakdown and local goons.

These are not difficult to get. Just like downloading any other software. The previous point is what is more important.

Of course better to join a pool, but you need the rigs for that first.

Hello All,

I am from the India.

I am too late on the platform. From last 2 years I used many third party websites for cryptocurrency mining like eobot.com. Not even earn a single penny.

I know we can mine from our system too, but don't have complete information.

Just 2 days ago I come to know about mining software and mining pool concept.

Today entire day spend to start the software. I have download "Claymore.s.dual.ethereum.miner.v15.0.-.widows", after extract all files, the file Start is just disappear. it happen multiple time. Disabled everything in regards to security software.

For connect I used this site: https://ethermine.org/start

Did not work anything.

Can anyone suggest me best methood to start the mining.

1. Basic Hardware(not much costly)
2. Best working software.
3. Coding for the software.
4. Connect to mining pool, don't whether such thing require.