New to BitCoin, need your help please

rik3

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Quote from: NikosGr on October 19, 2016, 01:47:58 AM

Hello, i'am very new to BitCoin.

I'am interested in mining with my Dell i7 Laltop which iam running linux on.

Could someone please explain to me what steps i need to follow in order to have my Arch Linux mine Bitcoins or LiteCoins because its easier?

I would highly appreciate your help.

No Bro I Suggest You to Stay away From Gambling Because As We All Know that The Halving Of this Year Has Been Passed And You Know that the Bitcoin Reward For Solving a Block is Halved So that It is Not Profitable and It Doesn't Cover Your Losses.....
So I Suggest You that Stay Away From Mining Because it is Not Profitable Now.....

mundang

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Quote from: NikosGr on October 19, 2016, 01:47:58 AM

Hello, i'am very new to BitCoin.

I'am interested in mining with my Dell i7 Laltop which iam running linux on.

Could someone please explain to me what steps i need to follow in order to have my Arch Linux mine Bitcoins or LiteCoins because its easier?

I would highly appreciate your help.

If i were you,i will not mine on my laptop,it will only destroy your laptop. Too much consumption of electricity. Mining is not profitable.

Oilacris

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Quote from: Hassan02 on October 22, 2016, 01:31:58 AM

Hello everyone one. I am a newbie here, can I asked you a favor to help me
to understand what the feedback about bitcoin.

Hi there hassan,

Welcome to this forum, if you want to learn up new thing you could always go to beginners section of this forum and try to read up important informations regarding bitcoin and other related stuff which could be really helpful to your journey into bitcoin world. Thanks

Hassan02

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Hello everyone one. I am a newbie here, can I asked you a favor to help me
to understand what the feedback about bitcoin.

mrcash02

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Quote from: AdolfinWolf on October 21, 2016, 05:24:32 PM

Quote from: streazight on October 20, 2016, 06:08:36 AM

Quote from: NikosGr on October 19, 2016, 01:47:58 AM

Hello, i'am very new to BitCoin.

I'am interested in mining with my Dell i7 Laltop which iam running linux on.

Could someone please explain to me what steps i need to follow in order to have my Arch Linux mine Bitcoins or LiteCoins because its easier?

I would highly appreciate your help.

Hey newbie ! Welcome to bitcoin and the world number one bitcoin forum, here you can find people that know a lot about bitcoin and will be willing to assist you to solve whatever question you may have.

Mining with laptop may burn your laptop itself. Moreover mining is not profitable right now, better stay away from all type of mining as of now.

Have you seen those people with their mining farms? they are making mad bitcoins. It depends on which level you are mining. It can be really profitable on the right spot, and with sufficient funds to buy good equipment.

I just see some business companies with their mining farms. They are making mad bitcoins, but need to pay all the equipments investiment. It's not so easy as it looks. And alone with low investiment it's not possible anymore to make profit mining bitcoins. Some people are still mining alt coins hoping to see its price increase in the future and sell for a reasonable price.

But mining with laptop isn't a good idea as was said before and I agree.

AdolfinWolf

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Quote from: streazight on October 20, 2016, 06:08:36 AM

Quote from: NikosGr on October 19, 2016, 01:47:58 AM

Hello, i'am very new to BitCoin.

I'am interested in mining with my Dell i7 Laltop which iam running linux on.

Could someone please explain to me what steps i need to follow in order to have my Arch Linux mine Bitcoins or LiteCoins because its easier?

I would highly appreciate your help.

Hey newbie ! Welcome to bitcoin and the world number one bitcoin forum, here you can find people that know a lot about bitcoin and will be willing to assist you to solve whatever question you may have.

Mining with laptop may burn your laptop itself. Moreover mining is not profitable right now, better stay away from all type of mining as of now.

Have you seen those people with their mining farms? they are making mad bitcoins. It depends on which level you are mining. It can be really profitable on the right spot, and with sufficient funds to buy good equipment.

streazight

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Quote from: NikosGr on October 19, 2016, 01:47:58 AM

Hello, i'am very new to BitCoin.

I'am interested in mining with my Dell i7 Laltop which iam running linux on.

Could someone please explain to me what steps i need to follow in order to have my Arch Linux mine Bitcoins or LiteCoins because its easier?

I would highly appreciate your help.

Hey newbie ! Welcome to bitcoin and the world number one bitcoin forum, here you can find people that know a lot about bitcoin and will be willing to assist you to solve whatever question you may have.

Mining with laptop may burn your laptop itself. Moreover mining is not profitable right now, better stay away from all type of mining as of now.

ObscureBean

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Quote from: NikosGr on October 19, 2016, 10:38:21 AM

I guess LiteCoin Mining is out the question for me.

Let me ask you somethign else:

How about trading BTC instead?

I have 50 euros that i want to use to BUY LiteCoins.

1. Where must i go to make this purchase? kracke.com? I live in Greece.
2. When i buy some amounts of LTC i need to do to yobit.org to start trading? This digital coin market is like a real stocks exchange market?

Please be as simple as you can. Thank you.

Would probably be easier for you to use the 50 euros to buy Bitcoin first and then trade the BTC for LTC. There are quite a few trusted sites where you can buy Bitcoin, Coinbase, Circle, LocalBitcoins (you can buy using PayPal, Skrill + many many more).
I don't know about Yobit but I've used Bittrex and Poloniex extensively in the past and they are both very good exchanges.
Basically once, you've created an account on an exchange, you deposit your coins and you can start trading your BTC/LTC etc against a wide variety of coins. It is advised that you do a lot of research before investing in any coin besides Bitcoin. You'll find all the info you need for the most coins right here on the forum.
Good luck!

Aamir1

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Quote from: NikosGr on October 19, 2016, 01:47:58 AM

Hello, i'am very new to BitCoin.

I'am interested in mining with my Dell i7 Laltop which iam running linux on.

Could someone please explain to me what steps i need to follow in order to have my Arch Linux mine Bitcoins or LiteCoins because its easier?

I would highly appreciate your help.

Don't even try it, mining with a laptop or a simple computer would not earn you anything, i know it because when i first came to bitcoin i used to try all that at first as i was not aware of anything but knew that mining earns you bitcoins, but later on i came to know that it is not possible, you will need some big investments for buying the equipments etc and a lot of knowledge about them to make them work.

paijem

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Hi, i am newbie. Can you explain about minning? Thanks

bitdumper

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One world One currency, Bitcoin.

hi mate i see you arw an newbie so firse see other topics or search for some before opening a new and by the way i strongly think you not to mine because mining has a automatic difficulty adjuster which in currenct time a huge one and it really need hard machines to break the blocks

xht

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hey you, yeah you, fuck you!!!

Quote from: NikosGr on October 19, 2016, 01:47:58 AM

Hello, i'am very new to BitCoin.

I'am interested in mining with my Dell i7 Laltop which iam running linux on.

Could someone please explain to me what steps i need to follow in order to have my Arch Linux mine Bitcoins or LiteCoins because its easier?

I would highly appreciate your help.

Mining bitcoin using computers will not give you a profit and you will incur a loss if used that way, why not selling your computer than buying mining equipment.

jacee

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Quote from: NikosGr on October 19, 2016, 10:38:21 AM

I guess LiteCoin Mining is out the question for me.

Let me ask you somethign else:

How about trading BTC instead?

I have 50 euros that i want to use to BUY LiteCoins.

1. Where must i go to make this purchase? kracke.com? I live in Greece.
2. When i buy some amounts of LTC i need to do to yobit.org to start trading? This digital coin market is like a real stocks exchange market?

Please be as simple as you can. Thank you.

You can purchase litecoin and trade it in c-cex poloniex, and other trading sites. I am not familiar with most of it but these two I mentioned are the ones popular in my area.
I don't know much about trading but if you want to know more you can start reading the threads here in trading discussion: https://bitcointalk.org/index.php?board=8.0

NikosGr

newbie

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I guess LiteCoin Mining is out the question for me.

Let me ask you somethign else:

How about trading BTC instead?

I have 50 euros that i want to use to BUY LiteCoins.

1. Where must i go to make this purchase? kracke.com? I live in Greece.
2. When i buy some amounts of LTC i need to do to yobit.org to start trading? This digital coin market is like a real stocks exchange market?

Please be as simple as you can. Thank you.

xIIImaL

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Quote from: NikosGr on October 19, 2016, 02:30:11 AM

I see, thank you for the info you give me to avoid mistakes.

Could you please telle me

1. where to buy litecoins for euros?
2. in what market to trade them?
3. HOW to trade them?

Any info would be valuable for me.

You can buy th litecoins in the reputed sites like Kraken or coinbase and you can start right there is the same sites. At the early time as newbie. All will advise you to learn about the crypto coins and its services and then you can start anything.

altcoinhosting

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Quote from: klaaas on October 19, 2016, 09:35:27 AM

Skip that and rent out your cpu power to nicehash.com and get bicoins in return. It wont be much.

Before doing this, i'd recommand emulating your earning here: https://www.nicehash.com/?p=calc
It's allmost impossible to break even with your CPU after substracting electricity costs.
Also, OP mentioned he'll be mining with a laptop... Since laptop's aren't really made to run 100% over a long time due to their inability to deal with the excess heat, OP might actually ruin his laptop by doing this...

klaaas

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Skip that and rent out your cpu power to nicehash.com and get bicoins in return. It wont be much.

pedrog

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Quote from: NikosGr on October 19, 2016, 02:30:11 AM

I see, thank you for the info you give me to avoid mistakes.

Could you please telle me

1. where to buy litecoins for euros?
2. in what market to trade them?
3. HOW to trade them?

Any info would be valuable for me.

Here, some exchanges with LTCEUR pair:

https://www.kraken.com/

https://therocktrading.com/

https://coinsbank.com/

https://spacebtc.com/

NikosGr

newbie

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I see, thank you for the info you give me to avoid mistakes.

Could you please telle me

1. where to buy litecoins for euros?
2. in what market to trade them?
3. HOW to trade them?

Any info would be valuable for me.

clickerz

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Quote from: NikosGr on October 19, 2016, 02:07:52 AM

Okey then i won't use my laptop for mining!

I also heard about cloud-mining.
Can i use those for mining LiteCoins?

Can you seuggest a good one?
How much will it cost per month for me to pay for resnting it and electricity and what would the profit be?

Cloud mining is not profitable and in the long run they turn into scams. For me its not a good,better read and invest something about crypto trading and start practice in small amounts. Trading is feasible and you will learn something valuable that you can also used in stocks trading.Same principles.

Topic: New to BitCoin, need your help please (Read 1788 times)