Author

Topic: Tips for a beginner (Read 2632 times)

sr. member
Activity: 294
Merit: 250
July 14, 2011, 06:09:56 AM
#12



Zombie just saw his first wiki  Grin
sr. member
Activity: 392
Merit: 250
July 13, 2011, 11:01:22 PM
#11
ZOMBIE THREAD of the month.

It lives!!!!
full member
Activity: 196
Merit: 101
July 13, 2011, 09:57:33 PM
#10

His reply came a month and a half later, and he beat you to it? lol
newbie
Activity: 14
Merit: 0
member
Activity: 98
Merit: 11
jr. member
Activity: 30
Merit: 2
May 17, 2011, 10:57:41 AM
#7
I'll check that out and try and get to grips with the marketplace.

Another question- what is a 'transaction'?

Thanks so far guys!
hero member
Activity: 675
Merit: 502
May 17, 2011, 10:53:19 AM
#6
Hmm, that site lots good- barely anything for sale on it though, which makes me think it's unlikely I'd ever sell anything.
Can you vouch for its legitimacy?
Also, they charge an insertion fee- which, seeing as I have no bitcoins, I wouldn't even be able to pay!

Any other tips?

Standard auctions are free, you only pay for highlighting/"Featured Auction" type promotions.

But things do sell on there.
full member
Activity: 126
Merit: 100
May 17, 2011, 10:51:33 AM
#5
Hmm, that site lots good- barely anything for sale on it though, which makes me think it's unlikely I'd ever sell anything.
Can you vouch for its legitimacy?
Also, they charge an insertion fee- which, seeing as I have no bitcoins, I wouldn't even be able to pay!

Any other tips?

try The Marketplace:

http://bitcointalk.org/index.php?board=5.0

BTW, stuff does sell on BiddingPond...
jr. member
Activity: 30
Merit: 2
May 17, 2011, 10:49:01 AM
#4
Hmm, that site lots good- barely anything for sale on it though, which makes me think it's unlikely I'd ever sell anything.
Can you vouch for its legitimacy?
Also, they charge an insertion fee- which, seeing as I have no bitcoins, I wouldn't even be able to pay!

Any other tips?
full member
Activity: 126
Merit: 100
May 17, 2011, 10:48:01 AM
#3
you'll wind up with 8 connections and about 124,600 blocks.  takes a little while.

that said, mining with a CPU (instead of a GPU) is unprofitable.

see here for mining hardware comparisons:

https://en.bitcoin.it/wiki/Mining_hardware_comparison

EDIT:  and here, to calculate the time required to generate Bitcoin:

http://www.alloscomp.com/bitcoin/calculator.php
hero member
Activity: 675
Merit: 502
May 17, 2011, 10:45:31 AM
#2
Mining on a CPU is not time or cost effective. It will take probably 5 years or so for you go mine a single block on a CPU.

Mining is only worth the effort if you are using high-end GPUs, and even then it is debatable whether it is profitable.

If you want to get into Bitcoin, I would suggest selling some of your old stuff on Biddingpond, a free auction site that operates with Bitcoin. http://www.biddingpond.com  
jr. member
Activity: 30
Merit: 2
May 17, 2011, 10:42:44 AM
#1
OK, first of all- I am brand new to this. Totally new. Please forgive any rookie errors, ok?  Smiley

So, with that out of the way. I would like some bitcoins. I have installed 'Bitcoin', have set it to 'generate coins', and have connected through a socks4 proxy to a pool website, bitcoinpool.com

Is this all I need to do to start mining? Nothing has happened yet, I have 1 connection and an ever growing number of blocks (79000 at the moment). When will I see some bitcoins being credited to my wallet? How many blocks/connections do I need? All the sites I've seen about it so far haven't exactly explained this process in simple language, so any support would be very much appreciated.

I am using a Macbook Pro, if that helps- 2.4GHz processor, Intel Core 2 Duo and 2GB 1067 MHz DDR3 of memory.

So- any tips for a newbie?

Many thanks in advance,

Sal
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