New to bitcoin mining | Bitcointalksearch.org

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: ?? on ??

Do you have knowlwdge about asicway.com and their mining machines. Is it scam or genuine products?

It's an obvious scam, stay away from it

Quote

Bitcoin 380 TH/s
Litecoin 40 GH/s
Ethereum 2.5 GH/s
Monero 3 MH/s
Power consumption 650W

It would mean it's 24 times more efficient than the best miner on the market right now, tiwce as cheap and on top of that it somehow manages to mine 4 different coins with different algorithms at the same time.

Oh, and their top asic is just a modified image from a rack:

Kanjeung

jr. member

Activity: 319

Merit: 1

to start mining bitcoin you must have a personal bitcoin wallet with a tight lock, so as not to be stolen by others, then you must have special software and hardware to mine bitcoin. It is necessary to be able to know what kind of hardware you need.

Some of the devices that are quite well known are the Antminer S19 Pro and M30 S++. You can buy these devices through the manufacturer directly or buy them at several e-commerce sites such as eBay and Amazon.

YOSHIE

legendary

Activity: 2128

Merit: 1775

Resources on the internet will help you 50%, in the process of mining Bitcoin/crypto, there are things you should learn before going any further and doing it.

For that this source: Beginner´s guide to mining Bitcoins: How to mine Bitcoin step by step, can help you to do.

About the power or electrical energy needed and spent you can see here: Bitcoin Miner Power Consumption: How Much Energy Do Bitcoin Miners Consume?

Saif33

newbie

Activity: 115

Merit: 0

I think not everyone can do bitcoin mining. There are some countries in the world where bitcoin can be mined and those who want to do bitcoin mining in new conditions have to work hard because bitcoin is still illegal in some countries. Bitcoin mining is not possible in new countries, so I think it is legal in countries where you can do it. Otherwise he will face a big loss

BitMaxz

legendary

Activity: 3374

Merit: 3095

Playbet.io - Crypto Casino and Sportsbook

Quote from: suboo112123 on August 26, 2021, 05:30:37 PM

What are the basic requirements for BTC mining?

If you talk about basic requirements it's very simple you need a 220v and ASIC miner and setup them to point on the pool.
The normal house outlet amp is around 15amp you can run only one miner per outlet.

I would suggest you read this thread below.

- First time/Small miner reference for getting started.

suboo112123

newbie

Activity: 38

Merit: 0

What are the basic requirements for BTC mining?

InspironXP

newbie

Activity: 2

Merit: 0

Sounds too simple

OK I'll give it a shot.

Thanks!

kano

legendary

Activity: 4634

Merit: 1851

Linux since 1997 RedHat 4

220V 20A is ... 4400W
So if it's a new miner, that's just one miner.
Or 2 older 2kW miners.

NotFuzzyWarm

legendary

Activity: 3822

Merit: 2703

Evil beware: We have waffles!

Get a BTC wallet, either using an online web wallet or a hardware wallet like either one from Trezor or Leger.
Use it to create a receiving address.
Buy an ASIC-based miner, plug it in and point it at a pool setup to use your receiving address...
Mine.

InspironXP

newbie

Activity: 2

Merit: 0

Hello,

I have an unused 220v 20amp circuit in a data center. It was bundled with other services so it's basically free power.
What's the easiest way to get up and running mining bitcoin.

Thank you.

Topic: New to bitcoin mining (Read 372 times)