the first share :) | Bitcointalksearch.org

bbeesley

full member

Activity: 121

Merit: 100

Quote from: ramchik on June 28, 2014, 02:52:32 AM

@DrG

but If BTC goes down ?

just like if gold, silver or stocks go down...you loose

it's a risk

from the tone of your posts, I get the sense that you are not in a financial position to take risks and need to focus instead on earning money.

ramchik

newbie

Activity: 19

Merit: 0

@DrG

but If BTC goes down ?

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: ramchik on June 27, 2014, 05:24:40 AM

@DrG
I want to make money and help my family economicaly, it's awful situation in georgia...

Understood. But if you want to make money mining is not the answer. You will actually lose money mining right now - so many people jumped in that the pie got gobbled up already.

Treat Bitcoin like an investment like buy some gold or artwork. Buy as much as you can as an investment and put it in a wallet and store it offline (don't leave the $ on the exchange). If BTC goes up in price you make money without having to worry about mining.

bbeesley

full member

Activity: 121

Merit: 100

Quote from: ramchik on June 27, 2014, 05:24:40 AM

I want to make money and help my family economicaly, it's awful situation in georgia...

If you are intending to mine to help out a bad economic situation, run away, run away and never look back

If you can treat bitcoin mining as a fun hobby where you get to hack around with hardware and software and potentially make a bit of money along the way, go for it

otherwise, it is way too risky an investment to be making if you are already in a bad financial situation.

byteberry

member

Activity: 180

Merit: 10

Dkdkdk

ramchik

newbie

Activity: 19

Merit: 0

@DrG
I want to make money and help my family economicaly, it's awful situation in georgia...

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: ramchik on June 24, 2014, 03:53:27 AM

@nickgaff
I haven't so much money, which is the cheapest way to be miner ? Cheesy

Ramchik let me ask you this? Why do you want to be a miner?

Do you want to learn how to mine?
Do you like playing with computer hardware?
Do you want to make money as in turn a profit?

R4v37

sr. member

Activity: 266

Merit: 250

Quote from: ramchik on June 24, 2014, 03:53:27 AM

@nickgaff
I haven't so much money, which is the cheapest way to be miner ? Cheesy

wah... for now... if u want to play in this BTC
u have to buy the "Miner"
well, i call this gambling, hope u can ROI in 2months? 3months? or never ROI? Cheesy

we dont know yet...

ramchik

newbie

Activity: 19

Merit: 0

@nickgaff
I haven't so much money, which is the cheapest way to be miner ? Cheesy

nickgaff

newbie

Activity: 45

Merit: 0

Quote from: ramchik on June 24, 2014, 03:16:52 AM

@jonnybravo0311

thank you, you realy helped me

)) I will buy some equipment

you really need to be doing some Google surfing before you go investing. I'm also relatively new to BTC and the world of mining but my itch is only get stronger.
I have been researching for weeks now on what to buy. I think im going to start with a Antminer s1 for $250 then wait for the S3 and also going to buy
a alt coin miner. some are due in august and i have 2 on pre order and that will get me 20 mh/s for roughly $650. exciting times to come in the mining world Cool

ramchik

newbie

Activity: 19

Merit: 0

@jonnybravo0311

thank you, you realy helped me

)) I will buy some equipment

jonnybravo0311

legendary

Activity: 1344

Merit: 1024

Mine at Jonny's Pool

@ramchik - first, welcome to the addictive world of mining and to BTC in general. Congratulations on finding your very first share.

Now, on to the bad news. As has been stated, the days of CPU/GPU mining of BTC are long since over. You are effectively paying more for the mining process than you can ever possibly hope to recover by mining. There are plenty of ASIC options that are extremely cheap and will offer you orders of magnitude more hashing power than your GT8500. For example, you can pick up an Antminer U2 for around $10 USD. You just plug that into a USB port on your computer and go. It will give you approximately 2GH/s, which is 1000 times faster than your GPU.

If you do wish to only use your computer for mining, and not purchase any additional hardware, I would suggest looking into some of the alternative coins. Those you can mine and hopefully trade for BTC through an exchange.

Best of luck.

Luckycoin90

member

Activity: 91

Merit: 10

Unless you want to use your miner as a heater to warm your place, 2mh/s wont earn you much bitcoin. You might look into asic based miners to give your more hashing power.

DrG

legendary

Activity: 2086

Merit: 1035

In simple terms:

The 8500GT video that you have is using 100W of power every hour. With 10 cent electricity it would cost you 24 cents per day to mine and $7.20 per month to mine.

The 1 share you submitted earns you about 1/100th of a penny. The dirt in between your couch cushions has more value. Your urine would sell for more.

You're basically wasting electricity and getting nothing accomplished. Like running heater and AC at the same time.

U.K.-BTC

newbie

Activity: 38

Merit: 0

Hi byteberry

I've just sent you a message / PM with some suggestions and ideas..

Greeting

byteberry

member

Activity: 180

Merit: 10

Quote from: ramchik on June 23, 2014, 05:38:37 PM

what does waste time means ? :/

That means stop mining you earn nothing, and waste electricity. Please stop Planet Earth would say Thank You.

The next time you can use Google and search for a dictionary to translate waste time into your language Wink

ramchik

newbie

Activity: 19

Merit: 0

what does waste time means ? :/

byteberry

member

Activity: 180

Merit: 10

Quote from: ramchik on June 23, 2014, 05:30:56 PM

I have an accepted share but nothing has changed on https://mining.bitcoin.cz how can I see how much did I earned with this share ?

Sorry man but you waste your time.

per Day   0.00000008 BTC   $0.00
per Week   0.00000058 BTC   $0.00
per Month   0.00000250 BTC   $0.00

PS: That is not a good miner
PPS: There I get more Hashrate with my CPU

ramchik

newbie

Activity: 19

Merit: 0

I have an accepted share but nothing has changed on https://mining.bitcoin.cz how can I see how much did I earned with this share ?
http://s019.radikal.ru/i641/1406/d0/630610bb72e2.png

Topic: the first share :) (Read 1457 times)