Topic: Newb (Read 502 times)
Thanks for that post it was very helpful! While I'm here I guess I'll make a post atleast more than 2 sentences long. So I'm a newbie and I'm looking into getting into bitcoining and litecoining. From what I've heard litecoin is more profitable since it's like bitcoin jr right now. (That's how I've heard it put) So with that being said I'm going to have a maximum of $2000 to invest at the first of the year and I'm curious which is the best way to go? First things first.... Do I need a dedicated machine for each bitcoin and litecoin mining? Or if I was to get a butterfly labs rig that could handle 25gh/s for $1249 could I share that between mining for each application? My guess is no! Please guide me in this direction. I'm basing my funds to use on current technology not what they may have next year. Also is it really that easy to hook a 25Gh/s bitcoin miner to a new computer and run the miner program connecting to a pool and let it do it's thing? Also another question I have is do you put all your nuts in one basket by only dedicating your computer to one pool or do you run multiple pools? I can do my research on who the best one's are I'm just curious on so many things. Please do your best to guide me on this subject as I'm very tech savy with pc's and hardware but with this mining is NEW to me!!!
Do you have to wait for hours to post on other forums or do you have to do a certain amount of posts?
https://bitcointalksearch.org/topic/newbie-readme-177133
Newbie Restrictions
You can only post in the Newbie and Local sub-forums till you have made one post and waited 4 hours. This post must be substantial: at least several sentences. The other two restrictions are you need 1 post to be able to send a PM and 10 posts to put a link in your sig. You can only post once every 360 seconds to start and there are a few other things that trigger this timer such as logging in and searching.
Also, if you want to know more about how this forum works, check out https://bitcointalksearch.org/topic/newbie-readme-177133
Hey, Welcome 
I was in the same boat. Heard about bitcoins awhile ago, started a wallet and forgot about it.
I went to see if I had any BTC in my wallet from 2011 but I can't remember the password.
Oh well, by the way don't ever forget your passwords.
Good luck
I was in the same boat. Heard about bitcoins awhile ago, started a wallet and forgot about it.
I went to see if I had any BTC in my wallet from 2011 but I can't remember the password.
Oh well, by the way don't ever forget your passwords.
Good luck
Hi im new here i remember hearing about bitcoins months ago not understanding what they were and they were going for less than $20/bc. Now i see there worth over $1000, how did the price increase so much? Im still a newb and dont completely understand how the whole bitcoin concept works.
Price increased because there is higher demand now. It seem Bitcoin can have good future as payment network.
To answer some of your questions:
https://en.bitcoin.it/wiki/FAQ
Hi im new here i remember hearing about bitcoins months ago not understanding what they were and they were going for less than $20/bc. Now i see there worth over $1000, how did the price increase so much? Im still a newb and dont completely understand how the whole bitcoin concept works.
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