Step-by-step guide to mining for newbies (January 2014)

salihno71

sr. member

Activity: 420

Merit: 250

Quote from: FeelPlus on September 25, 2017, 03:49:39 AM

Quote from: odolvlobo on January 06, 2014, 08:46:09 AM

Quote from: elrugrim on January 06, 2014, 02:12:55 AM

Thank you very much for posting this. Sadly I am running a nvidia laptop so /facepalm.

Will have to experiment when I get time. Any recommendations on alt coins to hunt for?

If you use multipool.us, it will mine the most profitable coin.

Hello , this is a really good tutorial how to mine . A lot of time passe , but some links are not more enabled .
Can you update this tutorial ?

It is not applicable anymore. You cannot mine bitcoin with PC since few years ago. Difficulty is off the chart. You need to use ASIC and even in this case it's hard to return the investment. You might have better luck trying to mine some altcoins with PC. Check altcoin subforum.

Phalo

full member

Activity: 224

Merit: 100

Quote from: Xialla on June 09, 2015, 01:20:07 PM

Quote from: odolvlobo on June 09, 2015, 01:07:09 PM

If you want to make a profit, you need ~~cheap~~ to steal electricity.

That's a very important correction. There's no such thing as cheap electricity

just corrected. please my newbie friends, forget about mining at just buy/start using BTC...

FeelPlus

newbie

Activity: 4

Merit: 0

Quote from: odolvlobo on January 06, 2014, 08:46:09 AM

Quote from: elrugrim on January 06, 2014, 02:12:55 AM

Thank you very much for posting this. Sadly I am running a nvidia laptop so /facepalm.

Will have to experiment when I get time. Any recommendations on alt coins to hunt for?

If you use multipool.us, it will mine the most profitable coin.

Hello , this is a really good tutorial how to mine . A lot of time passe , but some links are not more enabled .
Can you update this tutorial ?

Xialla

legendary

Activity: 1036

Merit: 1001

/dev/null

Quote from: odolvlobo on June 09, 2015, 01:07:09 PM

If you want to make a profit, you need ~~cheap~~ to steal electricity.

just corrected. please my newbie friends, forget about mining at just buy/start using BTC...

odolvlobo

legendary

Activity: 4466

Merit: 3391

June 2015
You can mine with your laptop, but keep these in mind:

1. The amount of processing power needed to earn just a small amount of bitcoins far exceeds the ability of a CPU or graphics card. A typical CPU mines about 21 satoshis per day. That's worth about 1/2 of 1/1000000 of a dollar.
2. The amount of heat generated will wear out your laptop and lead to an early demise.
3. The cost of electricity will exceed the value of the bitcoins you mine.

If you want to mine a small amount of bitcoins, you need at least a 1 TH/s ASIC miner. If you want to make a profit, you need cheap electricity.

sonjoypall

newbie

Activity: 1

Merit: 0

I have a 1.48 GH duel core processor and 2gb ram but no graphics cards....i use windows 7 laptop on hp brand. can i mining bitcoin? if yes give me the tutorial. or not give me the suggestion and reason........please help me ................

soccosocco

sr. member

Activity: 392

Merit: 250

interesting article, thank you for minning guide
but I think the laptop or computer is not good when used for mining
better mining using a mining tool or mining cloud

mraveragejoe

newbie

Activity: 42

Merit: 0

The guide is really useful for beginners but I have to say that actually mining is unprofitable if you can't invest huge amounts of money.

Hash Master

newbie

Activity: 56

Merit: 0

That's probably one of the best topics I've put my eyes on in the Beginners section by far. Thanks, buddy!

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: Mars not Moon on August 25, 2014, 03:47:26 AM

These days mining the altcryptos would be more profitable while compared to BTC.Also could be started at low investment and risk factor is low too.

The risk is higher for altcoins. That's why there is more potential for profit. People throwing around capitol generates profits and people taking it away equals losses.

Some altcoins lose 98% of their value in one day - Bitcoin has yet to do this.

feryjhie

hero member

Activity: 882

Merit: 595

thanks for the guide for mining Cheesy

now i can mining in my miners

Mars not Moon

member

Activity: 67

Merit: 10

These days mining the altcryptos would be more profitable while compared to BTC.Also could be started at low investment and risk factor is low too.

PangPang

hero member

Activity: 499

Merit: 500

Quote from: Stinky_Pete on August 22, 2014, 11:18:31 AM

Quote from: Abdullah001 on August 22, 2014, 07:53:20 AM

I must thank you for such a useful and helpful post. I am interested about mining. My electricity is free so i think i would be able to make money profit though mining.

Making a profit by mining is very unlikely.

If he has completely free electricity, he could possibly get some profit from mining.
But, as a general suggestion, there is always risk and so don't invest more than you can lose.

gelar24

full member

Activity: 182

Merit: 101

laptop or my computer is not good enough for mine

I mined through better mining tools or through the cloud

Stinky_Pete

hero member

Activity: 560

Merit: 500

Quote from: Abdullah001 on August 22, 2014, 07:53:20 AM

I must thank you for such a useful and helpful post. I am interested about mining. My electricity is free so i think i would be able to make money profit though mining.

Making a profit by mining is very unlikely.

Abdullah001

newbie

Activity: 42

Merit: 0

I must thank you for such a useful and helpful post. I am interested about mining. My electricity is free so i think i would be able to make money profit though mining.

montello

full member

Activity: 126

Merit: 100

Thanks for the tutorials on mining it will really go a long way.

SerMeric

full member

Activity: 307

Merit: 100

thanks really enjoyed.

imafia

newbie

Activity: 1

Merit: 0

hey i m newbie here and wanna do some mining do as you said its mostly work fine but mining nothing wanna need some more info if you can share any of your instant messaging address. will be very grateful to you waiting for your reply

cryptost

full member

Activity: 238

Merit: 100

I would also highly recommend CGWatcher to go With Cgminer: http://manotechnology.blogspot.co.uk/p/cgwatcher.html Roll Eyes

Topic: Step-by-step guide to mining for newbies (January 2014) (Read 10212 times)