New to mining may be getting to deep to fast.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: luckybabar on January 28, 2015, 02:08:47 AM

i am also new member. can some one guide me here to mine bitcoin?

sure I can help you a bit.

first are you in the USA if so tell me the state.

if you are not in the usa tell me the country.

second was does power cost you? if you are at 10 cents you stand a chance if you are at 20 cents a kwatt you should not mine.

third what are you looking to spend 100 ,200 ,500, 1000 usd?

fourth do you have any power supplies at home?

fifth how important is noise?

sixth do you have a wired internet service to hook up to?

if you want to spend 100-200 you can look for used bitmaintech s-3's on ebay. these burn .8 watts per gh

http://www.ebay.com/itm/Bitmain-Antminer-S3-Batch-5-441-GH-s-5-/291370179377?pt=LH_DefaultDomain_0&hash=item43d7041b31

http://www.ebay.com/itm/Bitmain-Antminer-S3-453-GH-s-SHA-256-miner-only-/111590028804?pt=LH_DefaultDomain_0&hash=item19fb48b604

http://www.ebay.com/itm/Antminer-S3-441-GH-s-overclocked-460-470-Bitcoin-Asic-Miner-/291372173584?pt=LH_DefaultDomain_0&hash=item43d7228910

http://www.ebay.com/itm/Bitmain-Antminer-S3-Bitcoin-Mining-ASIC-440Ghs-stock-In-Hand-/221677453881?pt=LH_DefaultDomain_0&hash=item339d018239

at current coin prices these most likely will not make money

unless you have very cheap power
a good enough psu to run one
internet already hooked up.

one will burn from 300 to 400 watts non stop depends on your speed settings. it will cost 1 dollar a day to run at fast setting and 10 cents a kwatt for power. when I say 10 cents a kwatt I mean full power cost which includes delivery cost.,this machine earns 1.42 usd a day minus power = 42 cents a day. but if you have a psu and buy one for 100 bucks you won't lose much 100 bucks tops. and it may make money.

Zich

legendary

Activity: 1190

Merit: 1000

Quote from: olliedog12000 on January 29, 2015, 03:29:58 PM

Sorry I've not got back to you Zich, Ive taken delivery of the R-box and I now have it running.(I Think)

I have had it running for about half an hour and I am getting 115gh/15s running at 320mhz. Obviously it will take a while to acru any thing but like I said I think its working. I will post again if I have any problems buy thank you for your help once again.

No problem dude

115Gh/s seem good for R box. Happy mining.

olliedog12000

newbie

Activity: 6

Merit: 0

As for friends sending me Coins to test my wallet, none of the even know what bitcoins are lol. I'm sure I have set everything up ok so when the R-box is delivered I will find out.

On a side note is the R-box @ 100-110ghs acceptable as an entry level miner or will I struggle to make an impact
[/quote]

Ahh, then post your wallet address. I will send some coin to you

[/quote]

Sorry I've not got back to you Zich, Ive taken delivery of the R-box and I now have it running.(I Think)

I have had it running for about half an hour and I am getting 115gh/15s running at 320mhz. Obviously it will take a while to acru any thing but like I said I think its working. I will post again if I have any problems buy thank you for your help once again.

Zich

legendary

Activity: 1190

Merit: 1000

Quote from: olliedog12000 on January 28, 2015, 02:35:53 AM

Thanks Zich I think I'll go with the laptop to start purely because I got the Rpi as a media player and I'm not totally convinced I know how to run/install programs on it yet.
( on to do list)

As for friends sending me Coins to test my wallet, none of the even know what bitcoins are lol. I'm sure I have set everything up ok so when the R-box is delivered I will find out.

On a side note is the R-box @ 100-110ghs acceptable as an entry level miner or will I struggle to make an impact

Ahh, then post your wallet address. I will send some coin to you

olliedog12000

newbie

Activity: 6

Merit: 0

Thanks Zich I think I'll go with the laptop to start purely because I got the Rpi as a media player and I'm not totally convinced I know how to run/install programs on it yet.
( on to do list)

As for friends sending me Coins to test my wallet, none of the even know what bitcoins are lol. I'm sure I have set everything up ok so when the R-box is delivered I will find out.

On a side note is the R-box @ 100-110ghs acceptable as an entry level miner or will I struggle to make an impact

luckybabar

newbie

Activity: 3

Merit: 0

i am also new member. can some one guide me here to mine bitcoin?

Zich

legendary

Activity: 1190

Merit: 1000

Welcome to bitcoin community

1. This is twisted question. To test your wallet, simply ask your friends to send some coin to your wallet.
2. If you own unused Rpi, then using Rpi is the best choice.
3. Any pool is fine. Personally i am prefer pps pool(if there is any left).
4. This is a matter of hardware. If you are using laptop, wifi is ok. But not for Rpi, Rpi had some issue with interrupt on usb port.

olliedog12000

newbie

Activity: 6

Merit: 0

Quote from: MCHouston on January 27, 2015, 03:29:03 PM

I will answer one of these cause I do not own any R-Box's.

4. Always try to use a wired when available, wireless can work but wired is always the best bet.

Thank you I was thinking of wireless just because I am planning on putting the system in my loft but I can use network plugs if wired is best.

MCHouston

hero member

Activity: 882

Merit: 500

Where am I?

I will answer one of these cause I do not own any R-Box's.

4. Always try to use a wired when available, wireless can work but wired is always the best bet.

olliedog12000

newbie

Activity: 6

Merit: 0

Hi Guys, I've been flicking through some of the posts on here today trying to understand as much as I can. I have a few questions If you don't mind answering for me that will hopefully help me settle down and get on with my soon to be delivered Rockminer R-box 2.

Question 1. I have set up my Wallets both online and offline and I'm looking to join Slush's pool but is there a miner that will allow me to use my
laptop cpu/gpu to test i have got my addresses working ok before the R-box is delivered.

Question 2. I have a spare laptop to use but do you think I would be better off using my Raspberry pi. ( I'm not to worried about power usage but it's clear the Pi would mean less heat and extra things running.

Question 3. Is there a better suited pool for me to mine using the R-box or will it be sufficient within that Pool.

question 4. Finally a simple one, once set up with everything needed to mine is it preferable to use a wired connection or is wireless just as good once the blockchain has been downloaded.

Thanks for any answers you can give, I hope to become an active member both here and the Mining scene.

Topic: New to mining may be getting to deep to fast. (Read 1801 times)