Starting out | Bitcointalksearch.org

Omikifuse

legendary

Activity: 1834

Merit: 1009

Quote from: bitbillion on January 15, 2014, 01:25:21 PM

I want to mine Bitcoins or Altcoins

Im a noob and I start from scratch.
Waht do I need and spend to make at least 100$ from mining per day??

You need to learn more about difficulty and understand about mining first...

larem

sr. member

Activity: 350

Merit: 250

Quote from: Sonny on February 07, 2014, 10:15:54 AM

Quote from: larem on February 05, 2014, 04:19:49 AM

Quote from: bitbillion on January 15, 2014, 01:25:21 PM

I want to mine Bitcoins or Altcoins

Im a noob and I start from scratch.
Waht do I need and spend to make at least 100$ from mining per day??

Don't get into mining to make a lot of money or you're going to get burned. Just flat out buy the Bitcoins.

Agree.
Just buy bitcoin/litecoin directly. Cheesy

While I'm not against buying into alts, like Litecoin, I'd suggest that if you're "playing it safe" you still avoid that as well. Anything that introduces a new failure point is bad.

Sonny

hero member

Activity: 868

Merit: 1000

Quote from: larem on February 05, 2014, 04:19:49 AM

Quote from: bitbillion on January 15, 2014, 01:25:21 PM

I want to mine Bitcoins or Altcoins

Im a noob and I start from scratch.
Waht do I need and spend to make at least 100$ from mining per day??

Don't get into mining to make a lot of money or you're going to get burned. Just flat out buy the Bitcoins.

Agree.
Just buy bitcoin/litecoin directly. Cheesy

larem

sr. member

Activity: 350

Merit: 250

Quote from: bitbillion on January 15, 2014, 01:25:21 PM

I want to mine Bitcoins or Altcoins

Im a noob and I start from scratch.
Waht do I need and spend to make at least 100$ from mining per day??

Don't get into mining to make a lot of money or you're going to get burned. Just flat out buy the Bitcoins.

vpasic

sr. member

Activity: 266

Merit: 250

don't think so.
you really think they will made up some XY coin with XY algorithm just to save gpu-s and keep them in the mining game??? don't think so!
future is in new technologies, not in old ones!

Ortegon

newbie

Activity: 20

Merit: 0

What do you think, will cryptocur-producers change algoritm when mass srypt-miners appear? Or there is no other algos except sha256 and scrypt?

U1TRA_L0RD

full member

Activity: 126

Merit: 100

CAUTION: Angry Man with Attitude.

If your on a budget, Your best bet is going with scrypt coins such as litecoins and DOGEcoins etc.

You can mine those coins on your CPU and Graphics Card, or both at the same time. Do not buy anything used as its way overpiced, even for those popular fast BTC miners, people tend to be greedy and its their gain, Your loss, Because you will have a ROI in 3 months.

So, Its all to a matter of preference.

krone9

newbie

Activity: 45

Merit: 0

I have a few rigs (scrypt coins based on 3 x GPUs : 2000Mhs each)and a new bitcoin miner (30GHs)

When I started I thought I would make money, and was considering starting a business around it.

Now I've got a bit of experience, I am much more interested in this as a hobby and to support the network.
I may not make my investment money back (I've covered about 30% of my costs so far over the last 2-3 months so fully expect to end up out of pocket)

If you want to make money, and believe in bitcoin/cryptocurrency, then you're better off just investing in the currency (ie buy bitcoins)
If you want to start a new (expensive) hobby, then get into mining. Scrypt or SHA256 doesn't matter - its not a money making investment.

Now I've done both, once you know what you are doing, bitcoining mining with standalone cubes is much more reliable and easy to set up than scrypt mining with milkcrate rigs.

My rigs give me periodic grief

vpasic

sr. member

Activity: 266

Merit: 250

you can't expect anything.
330Mh is so low that there is no point mining with it even if you get it for free.
to show you how pointless it is, I have 3x60GH/s BFL and with 180GH I can earn 0.05BTC/day.1
180GH compared to 0.333GH!!! absurd to even try to mine with it.
second thing you can't mine LTC with asic. asic can mine only sha-256 coins.
also there is no point of mining ppc or any other sha-256 coin since btc is most profitable.

there is no minimum system requirements for pc used for running asic miner.
any computer will do the job since you are not mining with it, you are mining with asic miner and computer is there only to run mining software.
also newer asic miners are standalone miners. they have mining software installed inside so the only need to be connected to router.

bitbillion

member

Activity: 95

Merit: 10

ok thats high

what can I expect using those asic miners that are 333MH/sec if I mine Lite cois or PPC coins??

and what are the minimum system requiremts to run an asic miner effeciaently??

vpasic

sr. member

Activity: 266

Merit: 250

right now you need 400gh/s to earn $100/day or 0.1btc/day.
and after next difficulty jump in 10 days you will be earning 25-30% less.
I don't know if you are aware of that.
it's not constant same amount earnings.
anyway, you can buy few of these
https://bitcointalksearch.org/topic/group-buy-worldwidebtmine-v1-miner-200ghs-btc-24-379819

forget about gpu rigs and scrypt coin mining.

bitbillion

member

Activity: 95

Merit: 10

I want to mine Bitcoins or Altcoins

Im a noob and I start from scratch.
Waht do I need and spend to make at least 100$ from mining per day??

Topic: Starting out (Read 946 times)