Pakistan - page 1210. | Bitcointalksearch.org

Abdussamad

legendary

Activity: 3724

Merit: 1586

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

newbie

Activity: 28

Merit: 0

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

sr. member

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

sr. member

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

faiza1990

sr. member

Activity: 420

Merit: 250

★☆★777Coin★☆★

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

nawazish1

sr. member

Activity: 462

Merit: 250

PXC Research Team

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.

rampantparanoia

sr. member

Activity: 516

Merit: 283

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

faiza1990

sr. member

Activity: 420

Merit: 250

★☆★777Coin★☆★

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?

I have no Idea about this that its available or not but check in next few days so watch what happen to this idea

nawazish1

sr. member

Activity: 462

Merit: 250

PXC Research Team

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.

rampantparanoia

sr. member

Activity: 516

Merit: 283

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

nawazish1

sr. member

Activity: 462

Merit: 250

PXC Research Team

Quote from: faiza1990 on August 14, 2013, 05:49:44 AM

Its look like really good now I understand first phase of this after read many threads but all not useful for me not its look like better and now want to ask software which one is important and all software which we need for this

I had compiled a Mining guide for an altcoin named PXC. You can see this link to learn about mining. But keep in mind that you will need different pools if you want to mine any other coin. Just let me know and I will find you pools for it.

here is the link https://bitcointalksearch.org/topic/m.2675538

You also need to keep in mind that there are different strategies to mine coins. To make it simple I am dividing them in to two.

1) Mine coins for per day profit. i.e you will mine coins and will convert them to dollars after you have mined them. So you can get an average of $2.5 earning per day.

2) Mine coins for long term 1.e First you research on different coins and see if the developers are actively developing them or not then you pick the one you think will be successful in the future and will make you huge profit. You start mining that coin and keep it as long as you can and then convert them to Dollars. This strategy requires lots of patience. And is best if you want to have a big profit.

faiza1990

sr. member

Activity: 420

Merit: 250

★☆★777Coin★☆★

Quote from: nawazish1 on August 14, 2013, 05:13:37 AM

Quote from: faiza1990 on August 14, 2013, 04:50:21 AM

Quote from: nawazish1 on August 13, 2013, 04:51:07 PM

Quote from: faiza1990 on August 13, 2013, 04:46:45 PM

I don't no about this but just hearing too much so just because of this asking about this first of all tell which hardware are needed for this and is this possible in Pakistan

The answer is yes it is possible in Pakistan. And only AMD graphics cards can be used to mine coins. The best Card for mining is Radeon 7950. It can produce 550Kh/s which is an average speed can mine about $2.5 worth of coins per day. The cards price is about 34,000 PKR.

what is total price of this system and can you give all hardware list which need for this system I read some other threads but cannot understand so write here a list which needs for this

To make it simple & cheap I would recommend to buy a second hand branded PC.

Specification of branded PC:

1) Casing should be in tower. Must have enough space for the card.

2) there should be a PCI-Express X-16 slot in it.

3) 3-4 GB of RAM.

4) Any cheap processor. 1.8 Ghz would be enough.

5) Must have a 450-500 watts power supply in it.

I am using the exact same specs my PC's model and company name is : HP xw4400 Workstation.

Cost = 10,000 PKR (every thing is second hand in it)

Card = AMD Radeon 7950 Brand HIS = 34,000 PKR

Total cost = 44,000 PKR

Can tell you the price of the new PC aswell but that would be too expensive. Will cost near about 85,000 PKR.

Its look like really good now I understand first phase of this after read many threads but all not useful for me not its look like better and now want to ask software which one is important and all software which we need for this

nawazish1

sr. member

Activity: 462

Merit: 250

PXC Research Team

Quote from: faiza1990 on August 14, 2013, 04:50:21 AM

Quote from: nawazish1 on August 13, 2013, 04:51:07 PM

Quote from: faiza1990 on August 13, 2013, 04:46:45 PM

I don't no about this but just hearing too much so just because of this asking about this first of all tell which hardware are needed for this and is this possible in Pakistan

The answer is yes it is possible in Pakistan. And only AMD graphics cards can be used to mine coins. The best Card for mining is Radeon 7950. It can produce 550Kh/s which is an average speed can mine about $2.5 worth of coins per day. The cards price is about 34,000 PKR.

what is total price of this system and can you give all hardware list which need for this system I read some other threads but cannot understand so write here a list which needs for this

To make it simple & cheap I would recommend to buy a second hand branded PC.

Specification of branded PC:

1) Casing should be in tower. Must have enough space for the card.

2) there should be a PCI-Express X-16 slot in it.

3) 3-4 GB of RAM.

4) Any cheap processor. 1.8 Ghz would be enough.

5) Must have a 450-500 watts power supply in it.

I am using the exact same specs my PC's model and company name is : HP xw4400 Workstation.

Cost = 10,000 PKR (every thing is second hand in it)

Card = AMD Radeon 7950 Brand HIS = 34,000 PKR

Total cost = 44,000 PKR

Can tell you the price of the new PC aswell but that would be too expensive. Will cost near about 85,000 PKR.

faiza1990

sr. member

Activity: 420

Merit: 250

★☆★777Coin★☆★

Quote from: nawazish1 on August 13, 2013, 04:51:07 PM

Quote from: faiza1990 on August 13, 2013, 04:46:45 PM

I don't no about this but just hearing too much so just because of this asking about this first of all tell which hardware are needed for this and is this possible in Pakistan

The answer is yes it is possible in Pakistan. And only AMD graphics cards can be used to mine coins. The best Card for mining is Radeon 7950. It can produce 550Kh/s which is an average speed can mine about $2.5 worth of coins per day. The cards price is about 34,000 PKR.

what is total price of this system and can you give all hardware list which need for this system I read some other threads but cannot understand so write here a list which needs for this

nawazish1

sr. member

Activity: 462

Merit: 250

PXC Research Team

Quote from: faiza1990 on August 13, 2013, 04:46:45 PM

I don't no about this but just hearing too much so just because of this asking about this first of all tell which hardware are needed for this and is this possible in Pakistan

The answer is yes it is possible in Pakistan. And only AMD graphics cards can be used to mine coins. The best Card for mining is Radeon 7950. It can produce 550Kh/s which is an average speed can mine about $2.5 worth of coins per day. The cards price is about 34,000 PKR.

Topic: Pakistan - page 1210. (Read 6926890 times)