Newbie wanting to get into mining. Needs help! - page 2.

Cire3

newbie

Activity: 14

Merit: 0

Quote from: Tupsu on December 17, 2015, 06:20:37 AM

Quote from: Cire3 on December 17, 2015, 01:42:40 AM

Let's say I got the AntMiner S3, How would one Pair that to a Miner program and attach that to a wallet? I don't know much about that.

HELP
https://www.antpool.com/support.htm

Okay, those instructions seems fairly understandable. Just to make sure I'm understanding this correctly; you put in what pools and workers on the S3's settings and it then mines there or you need to use something like GUI miner? Also, I'm not sure how to set my Bitcoin wallet to my miner

Stiefeljunge

newbie

Activity: 7

Merit: 0

I understand all the stated concerns about cloud mining, but since i live in germany and have to pay 0.28€/kwh, there is pretty much no other option except for spending thousands of Euros on a real mining farm, and I sadly dont have that much... Sad

Tupsu

legendary

Activity: 1218

Merit: 1003

Quote from: Cire3 on December 17, 2015, 01:42:40 AM

Let's say I got the AntMiner S3, How would one Pair that to a Miner program and attach that to a wallet? I don't know much about that.

HELP
https://www.antpool.com/support.htm

Cire3

newbie

Activity: 14

Merit: 0

Let's say I got the AntMiner S3, How would one Pair that to a Miner program and attach that to a wallet? I don't know much about that.

megatron1337

member

Activity: 84

Merit: 10

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if you really want to mine with that budget i would suggest an antminer S3 with a gold rated power supply. Maybe if you're lucky you could get 2 antminer S3's.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Cire3 on December 17, 2015, 01:11:22 AM

My bad, It's actually 10 cents and hour.

I would double check you really need your last electricity bill. Make sure to add fee's and taxes in it, if you don't your not getting it all.

But 10 is better then 12. It is ok not great but not horrible. Most likely you will need to master using gear and selling to ROI.

Cire3

newbie

Activity: 14

Merit: 0

My bad, It's actually 10 cents and hour.

icezer0z

full member

Activity: 144

Merit: 102

Quote from: Cire3 on December 16, 2015, 11:55:42 PM

I believe it's 12 cents an hour

Phew that is pricey. I am at 6 cents. Cloud mining may be a better option.

Try nicehash I've used them several times with no problems

Cire3

newbie

Activity: 14

Merit: 0

I believe it's 12 cents an hour

icezer0z

full member

Activity: 144

Merit: 102

Quote from: Cire3 on December 16, 2015, 11:07:54 PM

Would it be better to mine with your own equipment? Currently I'm running a Radeon R9 200 if that means anything. Or would it be better to invest in some ASIC gear? Cloud mining doesn't seem to have the freedom compared to mining on your own terms

The GPU days of Bitcoin mining are done... Period. It's a waste of money and you will not get anything out of it.

Buy an Antminer S3 if you want to start out and mine a little for fun... For profits your looking at needing several S7s and some cheap electricity.
BTW, how much do you pay for Kw/h on your bill?

Cire3

newbie

Activity: 14

Merit: 0

Would it be better to mine with your own equipment? Currently I'm running a Radeon R9 200 if that means anything. Or would it be better to invest in some ASIC gear? Cloud mining doesn't seem to have the freedom compared to mining on your own terms

HarryKPeters

hero member

Activity: 896

Merit: 1000

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If you go into cloud mining.. remember this. Cloud mining is not profitable. In fact it is quite risky.
The best way to determine what's best is to buy a little hashes at the major parties (Hashnest, don't use Genesis they screw their customers)

Then after a month compare the income to how much you would have earned with mining, and see for yourself if is is profitable.

alh

legendary

Activity: 1846

Merit: 1052

I would also add that the metric for "good" in terms of cloud mining is mostly "not a fraudulent or ponzi scheme". A "good" cloud mining site doesn't mean it will be profitable, only that it's not a complete scam.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: realchlorum on December 16, 2015, 01:17:21 PM

Quote from: Stiefeljunge on December 16, 2015, 12:26:15 PM

Quote from: notlist3d on December 16, 2015, 10:09:54 AM

Do not let me or anyone else push you into a company research it before investing.

Exactly.
One of the most valuable things to do when you are checking out new sites.
Research everything. Build your own opinion on services before you throw your money at them.

True. But you learn from mistakes even i was always paying attention, research things and stuff but got ricked off once from a site called hashprofit.com
I learned also from this ponzi cloud mining. You always loose so i just trade or gamble with my coins.

It's true there are a lot of crap sites. Just total ponzi's yet some still buy at a couple.... I will never understand. It could be they are too new or think they are to smart. Or they trust calculators scam sites put up.

But I would feel awful if I pushed someone to cloud and it went up in air. That is why I normally tell them to research it. They will find the 2-3 good ones that is all there really is that I know of. They can find it and this forces them to do research if they wanted to or not, so more educated. After that they are good to invest if they want to, but I like them researching.

Cire3

newbie

Activity: 14

Merit: 0

From the sounds of it, Cloud mining seems a little unreliable due to ponzi schemes and the overall rate they charge, 40-60%? From my knowledge, electricity is around 12 cents an hour. Any ideas?

realchlorum

full member

Activity: 243

Merit: 100

Quote from: Stiefeljunge on December 16, 2015, 12:26:15 PM

Quote from: notlist3d on December 16, 2015, 10:09:54 AM

Do not let me or anyone else push you into a company research it before investing.

Exactly.
One of the most valuable things to do when you are checking out new sites.
Research everything. Build your own opinion on services before you throw your money at them.

True. But you learn from mistakes even i was always paying attention, research things and stuff but got ricked off once from a site called hashprofit.com
I learned also from this ponzi cloud mining. You always loose so i just trade or gamble with my coins.

Stiefeljunge

newbie

Activity: 7

Merit: 0

Quote from: notlist3d on December 16, 2015, 10:09:54 AM

Do not let me or anyone else push you into a company research it before investing.

Exactly.
One of the most valuable things to do when you are checking out new sites.
Research everything. Build your own opinion on services before you throw your money at them.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: realchlorum on December 16, 2015, 08:39:27 AM

Quote from: Stiefeljunge on December 16, 2015, 04:45:25 AM

Fees at eobot are currently 45% for 2.0 GHS and 24% for 3.0 GHS.
At genesis-mining they are at 0.00099$/GHS/Day
But you're right, the fees at eobot are pretty high...

wow you are right. The last time i cloud mined there was 2-3 month ago. The fees were like i described.
They must have changed it since they got ghs3.0 or its because of the rising btc price

Do not buy from there stick with a more credible cloud mining site. Just look at the calculator they make you think you will ROI quick with monthly earnings..... they don't have difficulty factored in for a reason.

Look at one that is with a hardware company (hashnest), or one that has purchased hash confirmed by company (Bit-x). Just using those examples if you buy Bit-x I make 0 more just was using as a example of a verified by hardware maker. Do not let me or anyone else push you into a company research it before investing.

realchlorum

full member

Activity: 243

Merit: 100

Quote from: Stiefeljunge on December 16, 2015, 04:45:25 AM

Fees at eobot are currently 45% for 2.0 GHS and 24% for 3.0 GHS.
At genesis-mining they are at 0.00099$/GHS/Day

But you're right, the fees at eobot are pretty high...

wow you are right. The last time i cloud mined there was 2-3 month ago. The fees were like i described.
They must have changed it since they got ghs3.0 or its because of the rising btc price

Stiefeljunge

newbie

Activity: 7

Merit: 0

Fees at eobot are currently 45% for 2.0 GHS and 24% for 3.0 GHS.
At genesis-mining they are at 0.00099$/GHS/Day

But you're right, the fees at eobot are pretty high...

Topic: Newbie wanting to get into mining. Needs help! - page 2. (Read 1738 times)