Pakistan - page 1163. | Bitcointalksearch.org

saif313

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Quote from: nawazish1 on September 04, 2013, 09:20:11 AM

Quote from: saif313 on September 04, 2013, 09:14:35 AM

as the electercity crisis going here can we do this if yes then how and what is total cost of this mining and all things available in pakistan for this mining

Electricity is a big problem but I still started it and am keeping the coins as an investment. Read this post for estimation of price https://bitcointalksearch.org/topic/m.2930947

thanks I understand first step and now as I have these things all then I send you message for second phase of softwares and now try to send you message here daily for intouch and more posts its good and fun have a good time

balanghai

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How's the bitcoin regulations there? Is it legal?

nawazish1

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Activity: 462

Merit: 250

PXC Research Team

Quote from: saif313 on September 04, 2013, 09:14:35 AM

as the electercity crisis going here can we do this if yes then how and what is total cost of this mining and all things available in pakistan for this mining

Electricity is a big problem but I still started it and am keeping the coins as an investment. Read this post for estimation of price https://bitcointalksearch.org/topic/m.2930947

saif313

member

Activity: 84

Merit: 10

as the electercity crisis going here can we do this if yes then how and what is total cost of this mining and all things available in pakistan for this mining

nawazish1

sr. member

Activity: 462

Merit: 250

PXC Research Team

Quote from: saif313 on September 04, 2013, 08:13:04 AM

thanks for at least reply I want to ask I am doing here work for my signature and posts is this ok and can I do any other work with this also for increasing income I am jobless for last 2 years and now have access to this site few days back

To be honest this signature work can't earn you much money. You will hardly get 2500 Rs per month. And will need to post like hell. The one and only way is to start mining alt with your CPU. You can still do your signature work besides that. And keep this in mind that you need to keep the coins for long term. You can't earn much by CPU mining.

saif313

member

Activity: 84

Merit: 10

thanks for at least reply I want to ask I am doing here work for my signature and posts is this ok and can I do any other work with this also for increasing income I am jobless for last 2 years and now have access to this site few days back

nawazish1

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Activity: 462

Merit: 250

PXC Research Team

Quote from: saif313 on September 04, 2013, 06:53:25 AM

few days back something happen here but now suddenly again too much silent why can we have some good and positive discussion for better things happen to us

I am always ready to have a positive talk.

But am quite busy now a days with my coin and also got a job
+ Passed the IELTS test with 7 bands Cheesy

trying for a Visa.lol

saif313

member

Activity: 84

Merit: 10

few days back something happen here but now suddenly again too much silent why can we have some good and positive discussion for better things happen to us

nawazish1

sr. member

Activity: 462

Merit: 250

PXC Research Team

Quote from: saif313 on August 21, 2013, 06:36:38 PM

Quote from: Abdussamad on August 21, 2013, 07:32:15 AM

Guys please note that mining depends on which coin you are going to mine. Nawazish does not like BTC. He mines some alt coin. So what he writes about is his experience with that alt coin.

Mining bitcoins with GPUs is not profitable. Mining with ASICs is very profitable. ASICs are not available in Pakistan and you have to buy them from this forum or get them from China. Note I am not a miner. I have just shared what I learned from this forum. Please do your own research before spending any money on this.

Quote from: cheater123 on August 18, 2013, 07:52:50 PM

Quote from: Abdussamad on June 12, 2013, 04:24:59 AM

I wonder whether there are any other resident Pakistanis on this board? So far I haven't encountered any but according to bitnodes there a few bitcoin users in Pakistan and I know of at least one miner.

Anyway let's see if any show up Tongue

This was mine so how you take this I am very confused about this

I created a thread in this forum. You or someone else created another thread about Pakistan. The mods merged the two threads together and I guess because my thread came first it got the first post.

what is mining and how can we do this is this very profitable and can any person do this if yes then please reply me i am waiting thanks

Read pages 1 and 2 of this thread I have replied to faiza for the same question.

saif313

member

Activity: 84

Merit: 10

Quote from: Abdussamad on August 21, 2013, 07:32:15 AM

Guys please note that mining depends on which coin you are going to mine. Nawazish does not like BTC. He mines some alt coin. So what he writes about is his experience with that alt coin.

Mining bitcoins with GPUs is not profitable. Mining with ASICs is very profitable. ASICs are not available in Pakistan and you have to buy them from this forum or get them from China. Note I am not a miner. I have just shared what I learned from this forum. Please do your own research before spending any money on this.

Quote from: cheater123 on August 18, 2013, 07:52:50 PM

Quote from: Abdussamad on June 12, 2013, 04:24:59 AM

I wonder whether there are any other resident Pakistanis on this board? So far I haven't encountered any but according to bitnodes there a few bitcoin users in Pakistan and I know of at least one miner.

Anyway let's see if any show up Tongue

This was mine so how you take this I am very confused about this

I created a thread in this forum. You or someone else created another thread about Pakistan. The mods merged the two threads together and I guess because my thread came first it got the first post.

what is mining and how can we do this is this very profitable and can any person do this if yes then please reply me i am waiting thanks

nawazish1

sr. member

Activity: 462

Merit: 250

PXC Research Team

Quote from: Abdussamad on August 21, 2013, 07:32:15 AM

Guys please note that mining depends on which coin you are going to mine. Nawazish does not like BTC. He mines some alt coin. So what he writes about is his experience with that alt coin.

Mining bitcoins with GPUs is not profitable. Mining with ASICs is very profitable. ASICs are not available in Pakistan and you have to buy them from this forum or get them from China. Note I am not a miner. I have just shared what I learned from this forum. Please do your own research before spending any money on this.

Quote from: cheater123 on August 18, 2013, 07:52:50 PM

Quote from: Abdussamad on June 12, 2013, 04:24:59 AM

I wonder whether there are any other resident Pakistanis on this board? So far I haven't encountered any but according to bitnodes there a few bitcoin users in Pakistan and I know of at least one miner.

Anyway let's see if any show up Tongue

This was mine so how you take this I am very confused about this

I created a thread in this forum. You or someone else created another thread about Pakistan. The mods merged the two threads together and I guess because my thread came first it got the first post.

Abdussamad if your read my posts seriously you will easily see that I said the same thing. Plz don't make me look bad. I have experience of these things that is why I am telling them I now many things about BTC too because it was the main reason I came in to this crypto world. The best advice is to do your own research.

Abdussamad

legendary

Activity: 3682

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Guys please note that mining depends on which coin you are going to mine. Nawazish does not like BTC. He mines some alt coin. So what he writes about is his experience with that alt coin.

Mining bitcoins with GPUs is not profitable. Mining with ASICs is very profitable. ASICs are not available in Pakistan and you have to buy them from this forum or get them from China. Note I am not a miner. I have just shared what I learned from this forum. Please do your own research before spending any money on this.

Quote from: cheater123 on August 18, 2013, 07:52:50 PM

Quote from: Abdussamad on June 12, 2013, 04:24:59 AM

I wonder whether there are any other resident Pakistanis on this board? So far I haven't encountered any but according to bitnodes there a few bitcoin users in Pakistan and I know of at least one miner.

Anyway let's see if any show up Tongue

This was mine so how you take this I am very confused about this

I created a thread in this forum. You or someone else created another thread about Pakistan. The mods merged the two threads together and I guess because my thread came first it got the first post.

saif313

member

Activity: 84

Merit: 10

hello I am new member from Pakistan and want to say Asalamu Alaikum to all Pakistani friends have a good time

faiza1990

sr. member

Activity: 420

Merit: 250

★☆★777Coin★☆★

Quote from: cheater123 on August 18, 2013, 07:52:50 PM

Quote from: Abdussamad on June 12, 2013, 04:24:59 AM

I wonder whether there are any other resident Pakistanis on this board? So far I haven't encountered any but according to bitnodes there a few bitcoin users in Pakistan and I know of at least one miner.

Anyway let's see if any show up Tongue

This was mine so how you take this I am very confused about this

its a not issue and any active member can handle this so I think Abdussamad is handling its better

cheater123

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Activity: 28

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Quote from: Abdussamad on June 12, 2013, 04:24:59 AM

I wonder whether there are any other resident Pakistanis on this board? So far I haven't encountered any but according to bitnodes there a few bitcoin users in Pakistan and I know of at least one miner.

Anyway let's see if any show up Tongue

This was mine so how you take this I am very confused about this

nawazish1

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Activity: 462

Merit: 250

PXC Research Team

Quote from: faiza1990 on August 15, 2013, 12:58:46 PM

Quote from: nawazish1 on August 15, 2013, 12:31:19 PM

Quote from: rampantparanoia on August 15, 2013, 10:47:32 AM

i think mining is best left to the specialists, those with the money and hardware to run machines that spit out gigahashes per second instead of regular machines pumping out at most a megahash per second.

all the money right now for those without the bankroll to fund a mining operation is in trading/holding right now.

my 2 cents

Mining was never the game of specialists. If you see the history of BTC those people earned more money who picked it up at the start. In the beginning people mined BTC with just CPUs. When They earned money they started to buy more machines and grew bigger and bigger. Now you know them as specialists.

Still you can mine many new coins with CPU but it is not a guarantee that every new coin will be successful. There is another problem that some big miner also mine alts as BTC is no more profitable to mine perday. The people who are come in with the thinking of perday earning they are just wasting time and money. Best thing now is to buy a one card setup and mine the coins you think have the best developers support. And keep the coin for months. I am doing the same and happy with that. To be honest I also started as a perday miner but soon found out that this is not how cryptos work and changed my strategy.

now I understand this truth that listen to all and do just as it you want now I must try this mining once and as I have funds then I will send you message and start this once and check what the hell is this thanks for your positive reply and favors all time just want to ask you in which country in Pakistan or outside Pakistan thanks again for all

The rule I learned here from people is that only invest that what you can afford to loose. And this applies to any kind of business.

I live in Karachi, Pakistan. No need to thank. I love to share information and helping people.

To make sure have you read the post # 33 https://bitcointalksearch.org/topic/m.2940194 there is a link in it you must read.

faiza1990

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Activity: 420

Merit: 250

★☆★777Coin★☆★

Quote from: nawazish1 on August 15, 2013, 12:31:19 PM

Quote from: rampantparanoia on August 15, 2013, 10:47:32 AM

i think mining is best left to the specialists, those with the money and hardware to run machines that spit out gigahashes per second instead of regular machines pumping out at most a megahash per second.

all the money right now for those without the bankroll to fund a mining operation is in trading/holding right now.

my 2 cents

Mining was never the game of specialists. If you see the history of BTC those people earned more money who picked it up at the start. In the beginning people mined BTC with just CPUs. When They earned money they started to buy more machines and grew bigger and bigger. Now you know them as specialists.

Still you can mine many new coins with CPU but it is not a guarantee that every new coin will be successful. There is another problem that some big miner also mine alts as BTC is no more profitable to mine perday. The people who are come in with the thinking of perday earning they are just wasting time and money. Best thing now is to buy a one card setup and mine the coins you think have the best developers support. And keep the coin for months. I am doing the same and happy with that. To be honest I also started as a perday miner but soon found out that this is not how cryptos work and changed my strategy.

now I understand this truth that listen to all and do just as it you want now I must try this mining once and as I have funds then I will send you message and start this once and check what the hell is this thanks for your positive reply and favors all time just want to ask you in which country in Pakistan or outside Pakistan thanks again for all

nawazish1

sr. member

Activity: 462

Merit: 250

PXC Research Team

Quote from: rampantparanoia on August 15, 2013, 10:47:32 AM

i think mining is best left to the specialists, those with the money and hardware to run machines that spit out gigahashes per second instead of regular machines pumping out at most a megahash per second.

all the money right now for those without the bankroll to fund a mining operation is in trading/holding right now.

my 2 cents

Mining was never the game of specialists. If you see the history of BTC those people earned more money who picked it up at the start. In the beginning people mined BTC with just CPUs. When They earned money they started to buy more machines and grew bigger and bigger. Now you know them as specialists.

Still you can mine many new coins with CPU but it is not a guarantee that every new coin will be successful. There is another problem that some big miner also mine alts as BTC is no more profitable to mine perday. The people who\ come in with the thinking of perday earning they are just wasting time and money. Best thing now is to buy a one card setup and mine the coins you think have the best developers support. And keep the coin for months. I am doing the same and happy with that. To be honest I also started as a perday miner but soon found out that this is not how cryptos work and changed my strategy.

nawazish1

sr. member

Activity: 462

Merit: 250

PXC Research Team

Quote from: faiza1990 on August 15, 2013, 10:30:12 AM

Quote from: nawazish1 on August 14, 2013, 12:45:26 PM

Quote from: rampantparanoia on August 14, 2013, 12:08:00 PM

Quote from: nawazish1 on August 14, 2013, 12:02:42 PM

Quote from: rampantparanoia on August 14, 2013, 11:50:59 AM

is mining btc today with your set up profitable? now that asics have hit the market, shouldn't there be some available in pk?

Even with Asics BTC is not profitable you can never breakeven the hardware costs. So the better option is to buy a GPU and mine alts.

which alt coins are you mining? i've tried my hand at ltc but my hardware wasn't quite up to spec... was only getting 12Kh/s cpu mining

CPU mining is obsolete now. You can't have any profit in any coin. I am mining with an AMD Radeon 7950 it produces 550kh/s. I mostly Mine PXC with it. But some times I mine a coin which hasn't yet hit an exchange to get more profit from it. Then I sell that coin and buy PXC with it. I am mining for long term.

what is you thoughts about mining in any system is this good profitable or just taking too much time I have some discussion with few friends and they all talking about this its now not too much profitable in any case so please tell what your thoughts about these all in general

As I told if you are mining for long term then any setup which can produce 550KH/s is good for a small start. You just need to keep an eye on new & latest Altcoins. Support what ever coin you think will be profitable in future and when you see the right time to sell it then do it. I have been in this game for over 3 months now. I have reached my hardware breakeven. To add more when I started it was not profitable then too. After reaching my breakeven I kept my coins because I choose the coin after a long research and I am now the part of the team. So I know whats coming for it.

Still I would suggest you to wait for at least a month do your homework and then make a decision. I will be here to help you guys out. One thing I think you guys need to know is this,

http://www.forbes.com/sites/kashmirhill/2013/08/12/every-important-person-in-bitcoin-just-got-subpoenaed-by-new-yorks-financial-regulator/

This is an article about BTC being regulated by governments. This means BTC can either get successful or banned. You guys need for this thing to be resolved. My personal thinking tells me that people will always tell you that many things are impossible in life but the fact is that they even don't know about it properly.

rampantparanoia

sr. member

Activity: 516

Merit: 283

i think mining is best left to the specialists, those with the money and hardware to run machines that spit out gigahashes per second instead of regular machines pumping out at most a megahash per second.

all the money right now for those without the bankroll to fund a mining operation is in trading/holding right now.

my 2 cents

Topic: Pakistan - page 1163. (Read 6054929 times)