NEW TO THE BITCOINS PLEASE SUPPORT ME

notlist3d

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Quote from: ?? on ??

Quote from: bitcoinuser48 on May 11, 2015, 09:21:46 AM

I am new to the bitcoins i have an idea that bitcoins are generated using mining, Mining can be done from CPU Which needed a Highly CPU Configuration. And Some Cloud Mining Companies Are also Came to the Industry and They are offering Mining help to Generate Bitcoins. I Have a Normal 512 Gb Configuration with 3GB Ram and 1GB Graphic Card. Can I Generate Bitcoins Using Mining In My CPU ?

You will never get bitcoins mining with cpu. Not only with cpu but even with your graphic card. To mine bitcoins needed powerful hardware that cost a lot of money. If you buy them you cannot know if someday the money spent will come back with the process of mining. Because of to many factors. First of all the rising difficulty of mining bitcoins that make produce less and always less bitcoins.

Why are you bringing up so many dead threads? Bumping old threads does no one any good.

Before posting look at the last post to see when it was posted. In this case it was: May 16, 2015, 12:20:23 PM .... so really no need to revive it.

notlist3d

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Quote from: ANON.PURGED on May 16, 2015, 06:30:16 AM

Quote from: bitcoinuser48 on May 11, 2015, 12:14:31 PM

Quote from: Amph on May 11, 2015, 09:45:29 AM

no you can't because cpu mining is died long time ago, in 2010 there was already the first gpu mining, it's a waste of time and electricity

Then what is the Modern Technology For Mining Bitcoins ?

Hardware Mining - But you have to buy expensive mining hard drives
Software Mining - Not stable
Cloud Mining - 100% Working, Instant, Realiable, Stable, and Affordable But will spend you some btc. (Not actually expensive, Cheaper than mining )hard drive
I suggest Cloud Mining, You can invest it, Try searching in forums.

On cloud mining make sure to research the company before investing. Some are scams in the cloud section.

If it sounds to good to be true, or no fees. Chances are your dealing its a scam.

ANON.PURGED

sr. member

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Quote from: bitcoinuser48 on May 11, 2015, 12:14:31 PM

Quote from: Amph on May 11, 2015, 09:45:29 AM

no you can't because cpu mining is died long time ago, in 2010 there was already the first gpu mining, it's a waste of time and electricity

Then what is the Modern Technology For Mining Bitcoins ?

Hardware Mining - But you have to buy expensive mining hard drives
Software Mining - Not stable
Cloud Mining - 100% Working, Instant, Realiable, Stable, and Affordable But will spend you some btc. (Not actually expensive, Cheaper than mining )hard drive
I suggest Cloud Mining, You can invest it, Try searching in forums.

lahm-44

sr. member

Activity: 336

Merit: 250

Quote from: RodeoX on May 11, 2015, 09:51:58 AM

The link below shows images of modern bitcoin mines:

https://www.google.com/search?q=massive+bitcoin+mine&biw=1089&bih=666&tbm=isch&source=lnms&sa=X&ei=-sBQVZ2ZLsXvoASDs4HoDQ&ved=0CAgQ_AUoAw&dpr=0.9

As you can see it will be a huge investment in infrastructure. The days of using a home computer are years behind us now.

lol..it seems that the minires who are using the mass mining are something like scratching the bitcoin or any other crypto networkm..they are going to tear it off soon

notlist3d

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Quote from: ikydesu on May 11, 2015, 02:26:40 PM

Quote from: bitcoinuser48 on May 11, 2015, 09:21:46 AM

I am new to the bitcoins i have an idea that bitcoins are generated using mining, Mining can be done from CPU Which needed a Highly CPU Configuration. And Some Cloud Mining Companies Are also Came to the Industry and They are offering Mining help to Generate Bitcoins. I Have a Normal 512 Gb Configuration with 3GB Ram and 1GB Graphic Card. Can I Generate Bitcoins Using Mining In My CPU ?

You only get a dust, dont waste your time and electric bills. Cloud mining company? Be careful, most all ponzi scheme, check this out for review about cloud mining: https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387
better to trading or build a merchant/company.

~iki

Not only be dust you will lose money. It was once a BIG money maker I had tons of GPU's running. I had to part them out it was so bad on profit.

Most who do it at this point take a lose. And if you do make a minor profit, you still will NEVER pay for equipment and ROI.

Look into asics.

ikydesu

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fb.com/Bitky.shop | Bitcoin Merch!Premium Quality!

Quote from: bitcoinuser48 on May 11, 2015, 09:21:46 AM

I am new to the bitcoins i have an idea that bitcoins are generated using mining, Mining can be done from CPU Which needed a Highly CPU Configuration. And Some Cloud Mining Companies Are also Came to the Industry and They are offering Mining help to Generate Bitcoins. I Have a Normal 512 Gb Configuration with 3GB Ram and 1GB Graphic Card. Can I Generate Bitcoins Using Mining In My CPU ?

You only get a dust, dont waste your time and electric bills. Cloud mining company? Be careful, most all ponzi scheme, check this out for review about cloud mining: https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387
better to trading or build a merchant/company.

~iki

Rude Boy

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Mine bitcoin with CPU? Now its really hard/impossible. May be you may try to buy a hardware and start mining. But solo mining also no more profitable (it is possible by 2 ways. 1. Bitcoin price goes up or 2. Difficulty decreases). So, as above post you may try to mine altcoin like, XMR, BCN, DOGE, LTC, etc., and trade it with bitcoins Wink

or
Better you may buy some bitcoins today and may wait until the price goes up then trade it to fiat.

~Rude Boy

TinEye

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Quote from: bitcoinuser48 on May 11, 2015, 09:21:46 AM

I am new to the bitcoins i have an idea that bitcoins are generated using mining, Mining can be done from CPU Which needed a Highly CPU Configuration. And Some Cloud Mining Companies Are also Came to the Industry and They are offering Mining help to Generate Bitcoins. I Have a Normal 512 Gb Configuration with 3GB Ram and 1GB Graphic Card. Can I Generate Bitcoins Using Mining In My CPU ?

You are very very, very late.

What you can do is to keep an eye on announcements in altcoins, and see whether a new CPU only coin is coming up. Earlier there used to be big profit in that but it has stopped now too.

ChuckBuck

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better everyday ♥

Quote from: bitcoinuser48 on May 11, 2015, 12:14:31 PM

Quote from: Amph on May 11, 2015, 09:45:29 AM

no you can't because cpu mining is died long time ago, in 2010 there was already the first gpu mining, it's a waste of time and electricity

Then what is the Modern Technology For Mining Bitcoins ?

You're going to need a bigger pickaxe and shovel to start minin those Bittycoin nuggets.

These special hardwares are what we call in these yonder parts, ASICs.

From https://en.bitcoin.it/wiki/Mining :

Quote

ASIC Mining
An application-specific integrated circuit, or ASIC, is a microchip designed and manufactured for a very specific purpose. ASICs designed for Bitcoin mining were first released in 2013. For the amount of power they consume, they are vastly faster than all previous technologies and already have made GPU mining financially unwise in some countries and setups.

RodeoX

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The revolution will be monetized!

Basically the progression of mining went like this:

Near the beginning of bitcoin you could use your CPU to mine for bitcoins, however it was not long before you needed to mine using a GPU (video card). Soon people were modifying their computers to use multiple GPUs. They might upgrade their wiring and fill a room full of old computers and banks of GPUs.
Next came the ASIC chips. These are specially built chips for mining BTC only. Like the GPUs, they can be managed in large arrays. About this time many miners moved to pool mining. It was highly unlikely for a GPU to find a block, but "pooling" miners can share a block that one of them found by combining their efforts.
Now we are in the time of the super mine. Especially in China, some people have warehouses full of banks of ASIC chips hashing away 24/7. It is very hard to start mining at this point unless you have hundreds of thousands of dollars to spend.

Xialla

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/dev/null

Quote from: bitcoinuser48 on May 11, 2015, 12:14:31 PM

Quote from: Amph on May 11, 2015, 09:45:29 AM

no you can't because cpu mining is died long time ago, in 2010 there was already the first gpu mining, it's a waste of time and electricity

Then what is the Modern Technology For Mining Bitcoins ?

asic - specialized chip developed just for mining bitcoin. anyway, educate yourself first in other sections before buying.

bitcoinuser48

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Quote from: Amph on May 11, 2015, 09:45:29 AM

no you can't because cpu mining is died long time ago, in 2010 there was already the first gpu mining, it's a waste of time and electricity

Then what is the Modern Technology For Mining Bitcoins ?

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

The link below shows images of modern bitcoin mines:

https://www.google.com/search?q=massive+bitcoin+mine&biw=1089&bih=666&tbm=isch&source=lnms&sa=X&ei=-sBQVZ2ZLsXvoASDs4HoDQ&ved=0CAgQ_AUoAw&dpr=0.9

As you can see it will be a huge investment in infrastructure. The days of using a home computer are years behind us now.

SpanishSoldier

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Quote from: bitcoinuser48 on May 11, 2015, 09:21:46 AM

I am new to the bitcoins i have an idea that bitcoins are generated using mining, Mining can be done from CPU Which needed a Highly CPU Configuration. And Some Cloud Mining Companies Are also Came to the Industry and They are offering Mining help to Generate Bitcoins. I Have a Normal 512 Gb Configuration with 3GB Ram and 1GB Graphic Card. Can I Generate Bitcoins Using Mining In My CPU ?

With CPU/GPU you may try some alt coin mining and then exchange them for bitcoin.

Amph

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no you can't because cpu mining is died long time ago, in 2010 there was already the first gpu mining, it's a waste of time and electricity

bitcoinuser48

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Activity: 126

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I am new to the bitcoins i have an idea that bitcoins are generated using mining, Mining can be done from CPU Which needed a Highly CPU Configuration. And Some Cloud Mining Companies Are also Came to the Industry and They are offering Mining help to Generate Bitcoins. I Have a Normal 512 Gb Configuration with 3GB Ram and 1GB Graphic Card. Can I Generate Bitcoins Using Mining In My CPU ?

Topic: NEW TO THE BITCOINS PLEASE SUPPORT ME (Read 1130 times)