Topic: What do I need to start mining? (Read 1313 times)
Good afternoon I discovered a block in the kano pool that will be my rewards
hey guys , i want start earning through mining . can anyone tell me from where should i start .
money. its definitely one of the requirement. apart from it is the technical knowledge.
I've read some start out with GPU mining, you should also start with it before moving to bitcoin for experience. besides GPU is much cheaper than ASIC miners.
hey guys , i want start earning through mining . can anyone tell me from where should i start .
What do you plan the coins will be mined? The connection internet and electric power of course must be ready, but the problem is on hardware miners. If you want mine ether coins of course You must buy VGA cards and if you want mine bitcoins you must looking for the hardware miners on bitmain.com, so depend on your plan what are coins will be mined.
yes buddy you are right,
These all mining systems are working with very tiny hardware and it needs to cooled down for its better performance otherwise breakdown occurs to the system and these breakdowns brings our system to make not much more profit from Mining, also we need secure place where no one can interfere the system or prevent system being hacked by someone,
These all mining systems are working with very tiny hardware and it needs to cooled down for its better performance otherwise breakdown occurs to the system and these breakdowns brings our system to make not much more profit from Mining, also we need secure place where no one can interfere the system or prevent system being hacked by someone,
Cheap electricity, and a place to keep the miners cool
Hi ashley
you are lucky i think because you had never lost your BTC at fake site, many sites pretend to be real but everything they show is like mirror, no one is on other hand,
if you want to start mining at home then you can do it but in this situation you have to set up full ventilated room for cooling of hadware to work proper otherwise you will not get our profit at the end of the month or year,
second things is that if you are setting up your mining system for more KH/s power then you will have to hire professionals for maintaining your system and you have to take precaution from being hacked of your devices,
or if you do not want to put more efforts on these boring works then simply purchase power from mining companies,
you need not to worry about your invested BTC because genuine mining sites make contracts with you for life time and will give you regular payout,
choice is yours,
you are lucky i think because you had never lost your BTC at fake site, many sites pretend to be real but everything they show is like mirror, no one is on other hand,
if you want to start mining at home then you can do it but in this situation you have to set up full ventilated room for cooling of hadware to work proper otherwise you will not get our profit at the end of the month or year,
second things is that if you are setting up your mining system for more KH/s power then you will have to hire professionals for maintaining your system and you have to take precaution from being hacked of your devices,
or if you do not want to put more efforts on these boring works then simply purchase power from mining companies,
you need not to worry about your invested BTC because genuine mining sites make contracts with you for life time and will give you regular payout,
choice is yours,
great knowledge buddy,
have you any plans to invest BTC where i can earn profits and muy money will not sink like scam,
i had invested BTC in many sites and found profits marginally but now i am looking for how to earn more BTC in mining field,
can i start mining at my home to earn more BTC??
should i invest BTC at others mining farm for purchasing powers??
kindly give me best knowledge as you have,
thank you
have you any plans to invest BTC where i can earn profits and muy money will not sink like scam,
i had invested BTC in many sites and found profits marginally but now i am looking for how to earn more BTC in mining field,
can i start mining at my home to earn more BTC??
should i invest BTC at others mining farm for purchasing powers??
kindly give me best knowledge as you have,
thank you
There are three main categories of bitcoin mining hardware, each more expensive and more powerful than the last. This guide to setting up a bitcoin miner explains each of them, and talks about how to make them work.
By this stage, you will understand how bitcoin works, and what mining means. But we need to get from theory to practice. How can you set up a bitcoin mining hardware and start generating some digital cash? The first thing you're going to need to do is decide on your hardware, and there are two main things to think about when choosing it:
1-Hash rate
This is the number of calculations that your hardware can perform every second as it tries to crack the mathematical problem we described in our mining section. Hash rates are measured in megahashes, gigahashes, and terahashes per second (MH/sec, GH/sec, and TH/sec. The higher your hash rate (compared to the current average hash rate), the more likely you are to solve a transaction block. The bitcoin wiki’s mining hardware comparison page is a good place to go for rough information on hash rates for different hardware.
2-Energy consumption
All this computing power chews up electricity, and that costs money. It's worth looking at your hardware's energy consumption in watts, when making your choice. You want to make sure that you don't end up spending all of your money on electricity to mine coins that won't be worth what you paid.
3-Bitcoin Mining Hardware
There are three main hardware categories for bitcoin miners: GPUs, FPGAs, and ASICs. We'll explore them in depth below.
CPU/GPU Bitcoin Mining
The least powerful category of bitcoin mining hardware is your computer itself. Theoretically, you could use your computer's CPU to mine for bitcoins, but in practice, this is so slow by today's standards that there isn't any point.
By this stage, you will understand how bitcoin works, and what mining means. But we need to get from theory to practice. How can you set up a bitcoin mining hardware and start generating some digital cash? The first thing you're going to need to do is decide on your hardware, and there are two main things to think about when choosing it:
1-Hash rate
This is the number of calculations that your hardware can perform every second as it tries to crack the mathematical problem we described in our mining section. Hash rates are measured in megahashes, gigahashes, and terahashes per second (MH/sec, GH/sec, and TH/sec. The higher your hash rate (compared to the current average hash rate), the more likely you are to solve a transaction block. The bitcoin wiki’s mining hardware comparison page is a good place to go for rough information on hash rates for different hardware.
2-Energy consumption
All this computing power chews up electricity, and that costs money. It's worth looking at your hardware's energy consumption in watts, when making your choice. You want to make sure that you don't end up spending all of your money on electricity to mine coins that won't be worth what you paid.
3-Bitcoin Mining Hardware
There are three main hardware categories for bitcoin miners: GPUs, FPGAs, and ASICs. We'll explore them in depth below.
CPU/GPU Bitcoin Mining
The least powerful category of bitcoin mining hardware is your computer itself. Theoretically, you could use your computer's CPU to mine for bitcoins, but in practice, this is so slow by today's standards that there isn't any point.
In the early days of Bitcoin, anyone could find a new
block using their computer's CPU. As more and more
people started mining, the difficulty of finding new
blocks increased greatly to the point where the only
cost-effective method of mining today is using
specialized hardware. You can visit BitcoinMining.com
for more information.
block using their computer's CPU. As more and more
people started mining, the difficulty of finding new
blocks increased greatly to the point where the only
cost-effective method of mining today is using
specialized hardware. You can visit BitcoinMining.com
for more information.
hey guys , i want start earning through mining . can anyone tell me from where should i start .
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