Starting bitcoin mining - page 2. | Bitcointalksearch.org

jonnybravo0311

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Mine at Jonny's Pool

Quote from: notlist3d on May 09, 2015, 01:10:35 PM

Quote from: photon_coin on May 09, 2015, 12:32:10 PM

start sooner vs. later, difficulty tends to keep going up , also the block award will decrease to 12.5 will be here before you know it...

We still have a while before the halving. I would say there is at least one more generation of miner's before halving.

Once we are less then a year I will think different. But still have over a year.

The halving should prove to be quite interesting. When it went from 50 to 25, there wasn't a whole lot of fanfare... of course, in 2012 there weren't as many players in the market.

notlist3d

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Quote from: photon_coin on May 09, 2015, 12:32:10 PM

start sooner vs. later, difficulty tends to keep going up , also the block award will decrease to 12.5 will be here before you know it...

We still have a while before the halving. I would say there is at least one more generation of miner's before halving.

Once we are less then a year I will think different. But still have over a year.

photon_coin

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Photon --- The First Child Of Blake Coin --Merged

start sooner vs. later, difficulty tends to keep going up , also the block award will decrease to 12.5 will be here before you know it...

notlist3d

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Activity: 1456

Merit: 1000

Quote from: Amph on May 09, 2015, 04:20:06 AM

Quote from: notlist3d on May 09, 2015, 02:42:04 AM

Quote from: Amph on May 09, 2015, 02:34:20 AM

Quote from: MonkeyCoin11 on May 09, 2015, 02:15:05 AM

Check your electricity price, if it's too high give up or find a way to produce your own electricity (which would be maybe too expensive invest).
I already thought in starting BTC mining, but my electricity price is too high for it Sad

if you can find a way to produce electricity than it would be better to sell it instead of mining, you would earn more, especially if you sell it abroad

Or you might be better off buying cheap electricity and following it. The big companies are able to follow the cheap electricity.

Think of the overhead of most electricity plants that produce in big quantity. Your talking about entering a entire different business. Where are you getting this data from?

i know some people(in my local section) that produce energy directly and they were looking for mining, but they also said that it would be better to sell their power instead of using it, profit is guaranteed and it would come much faster in comparison with mining

Interesting how are they "producing" it? Wind, solar, etc?

Is it in a high electricity rate area? Sounds like a neat way to make money

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: notlist3d on May 09, 2015, 02:42:04 AM

Quote from: Amph on May 09, 2015, 02:34:20 AM

Quote from: MonkeyCoin11 on May 09, 2015, 02:15:05 AM

Check your electricity price, if it's too high give up or find a way to produce your own electricity (which would be maybe too expensive invest).
I already thought in starting BTC mining, but my electricity price is too high for it Sad

if you can find a way to produce electricity than it would be better to sell it instead of mining, you would earn more, especially if you sell it abroad

Or you might be better off buying cheap electricity and following it. The big companies are able to follow the cheap electricity.

Think of the overhead of most electricity plants that produce in big quantity. Your talking about entering a entire different business. Where are you getting this data from?

i know some people(in my local section) that produce energy directly and they were looking for mining, but they also said that it would be better to sell their power instead of using it, profit is guaranteed and it would come much faster in comparison with mining

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Amph on May 09, 2015, 02:34:20 AM

Quote from: MonkeyCoin11 on May 09, 2015, 02:15:05 AM

Check your electricity price, if it's too high give up or find a way to produce your own electricity (which would be maybe too expensive invest).
I already thought in starting BTC mining, but my electricity price is too high for it Sad

if you can find a way to produce electricity than it would be better to sell it instead of mining, you would earn more, especially if you sell it abroad

Or you might be better off buying cheap electricity and following it. The big companies are able to follow the cheap electricity.

Think of the overhead of most electricity plants that produce in big quantity. Your talking about entering a entire different business. Where are you getting this data from?

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: MonkeyCoin11 on May 09, 2015, 02:15:05 AM

Check your electricity price, if it's too high give up or find a way to produce your own electricity (which would be maybe too expensive invest).
I already thought in starting BTC mining, but my electricity price is too high for it Sad

if you can find a way to produce electricity than it would be better to sell it instead of mining, you would earn more, especially if you sell it abroad

MonkeyCoin11

full member

Activity: 174

Merit: 100

Check your electricity price, if it's too high give up or find a way to produce your own electricity (which would be maybe too expensive invest).
I already thought in starting BTC mining, but my electricity price is too high for it Sad

notlist3d

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Activity: 1456

Merit: 1000

Quote from: crazyivan on May 09, 2015, 12:56:11 AM

Quote from: RoughLyfe on May 08, 2015, 08:20:40 PM

Quote from: notlist3d on May 08, 2015, 12:14:07 AM

What state or country are you mining from? (gives us a idea of weather).

Also what is your electricity price? (determines new or used gear)

Im mining from california,and im not sure but Id prefer new gear

What size of the investment we talk about here? Home mining? Large scale mining?

Before any of this we still need to know electricity price, which he didn't know if i understood.

I gave tips to find out. But you have to know electricity before really moving forward unless hosting somewhere.

crazyivan

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Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

Quote from: RoughLyfe on May 08, 2015, 08:20:40 PM

Quote from: notlist3d on May 08, 2015, 12:14:07 AM

What state or country are you mining from? (gives us a idea of weather).

Also what is your electricity price? (determines new or used gear)

Im mining from california,and im not sure but Id prefer new gear

What size of the investment we talk about here? Home mining? Large scale mining?

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: RoughLyfe on May 08, 2015, 08:20:40 PM

Quote from: notlist3d on May 08, 2015, 12:14:07 AM

What state or country are you mining from? (gives us a idea of weather).

Also what is your electricity price? (determines new or used gear)

Im mining from california,and im not sure but Id prefer new gear

California depending on location can have big electricity pricing. Before dropping money on gear what is your electricity price? If you are really not sure you should not enter this game.

You can find the rate on your bill, or website of your electric company can give an idea. Best is bill though as you can see stuff added on.

RoughLyfe

hero member

Activity: 560

Merit: 500

Quote from: notlist3d on May 08, 2015, 12:14:07 AM

What state or country are you mining from? (gives us a idea of weather).

Also what is your electricity price? (determines new or used gear)

Im mining from california,and im not sure but Id prefer new gear

Xialla

legendary

Activity: 1036

Merit: 1001

/dev/null

here we go again:) please forget about it, buy some bitcoin and store it, there are no moeny printing machines anymore, you are couple of years late. and btw as some smart guy said here:

"unless you've got efficient hardware and dirt cheap electricity don't bother mining unless it's a hobby, you're better off just buying bitcoin"

jonnybravo0311

legendary

Activity: 1344

Merit: 1024

Mine at Jonny's Pool

Oh good... another "I want to print magic internet money and get rich!" thread. OP, assuming you're even still around, you might want to take a look around the forums a bit and read a few threads to find out whether or not you should even consider getting into mining. Just coming on and asking for everyone to provide you the answers on how to get rich mining is not going to work.

Amph

legendary

Activity: 3248

Merit: 1070

isn't better to wait autumn? which could bring some surprises in terms of new devices and you can exploit the heat to heat your house/room

i don't think is a good idea to start at the doors of summer

Mapuo

hero member

Activity: 910

Merit: 1002

Quote from: RoughLyfe on May 07, 2015, 11:47:11 PM

Hello,I'm planning to start bitcoin mining in the summer.What do I need to buy,know and do to get started.And what would make me the most money.

You need some of https://bitcointalksearch.org/topic/antminer-s5-1155ghoverclock-potential-in-stock-0319gh-051wgh-902305 also read https://bitcointalksearch.org/topic/antminer-s3-discussion-and-support-thread-671189
And big patience.

notlist3d

legendary

Activity: 1456

Merit: 1000

What state or country are you mining from? (gives us a idea of weather).

Also what is your electricity price? (determines new or used gear)

RoughLyfe

hero member

Activity: 560

Merit: 500

Hello,I'm planning to start bitcoin mining in the summer.What do I need to buy,know and do to get started.And what would make me the most money.

Topic: Starting bitcoin mining - page 2. (Read 1923 times)