where do i start bitcoin mining? - page 2.

ikydesu

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Quote from: WheatBreadSaid on June 30, 2015, 12:26:41 PM

i have researched that mining is an very efficient way of earning some btc (bitcoins). where do i start with mining? should i invest in mining in the cloud or mining equpment? which is better?

With diff increased it's not efficient, better find an alternative way for earn some btc, look recently coins diff: www.coinwarz.com/cryptocurrency
Still want to mining? You must have a lot budget with low electric cheap or choose altcoin, choose carefully, altcoin is easy to manipulate.

~iki

dezoel

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Quote from: WheatBreadSaid on June 30, 2015, 02:04:44 PM

Quote from: Rude Boy on June 30, 2015, 01:00:58 PM

Start mining from some Alt coins. Yes! Because, directly mining bitcoin is might be not profitable. So if you're interested in mining try to mine some alt coins. Reffer minergate.

~Rude Boy

can the same btc miners work with alternate coins too?

thank you for the help everybody

i think that's will work with some altcoin that based bitcoin ( sha256 algorithm ), but i am not really sure about that. CMIIW..

WheatBreadSaid

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Quote from: Rude Boy on June 30, 2015, 01:00:58 PM

Start mining from some Alt coins. Yes! Because, directly mining bitcoin is might be not profitable. So if you're interested in mining try to mine some alt coins. Reffer minergate.

~Rude Boy

can the same btc miners work with alternate coins too?

thank you for the help everybody

subSTRATA

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:^)

Quote from: Rude Boy on June 30, 2015, 01:00:58 PM

Start mining from some Alt coins. Yes! Because, directly mining bitcoin is might be not profitable. So if you're interested in mining try to mine some alt coins. Reffer minergate.

~Rude Boy

theres that possibility too; if you can find a decent cpu mineable coin and sell them on an exchange, its possible to make a bit.

notlist3d

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You start with getting a miner. There are so many different part's to it that it's not one size fit all. For example if you have very very low to "free" electricity then a used S3 might be great for you.

For most I would suggest going for efficiency. A example of this is currently something like S5.

As far as ROI i like this calc - https://bitcoinwisdom.com/bitcoin/calculator

Difficulty has been slow rising, and BTC is up it's been a good summer for miners in my opinion. And has been good to me to keep mining through summer heat even.

Rude Boy

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Start mining from some Alt coins. Yes! Because, directly mining bitcoin is might be not profitable. So if you're interested in mining try to mine some alt coins. Reffer minergate.

~Rude Boy

Xialla

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Quote from: WheatBreadSaid on June 30, 2015, 12:26:41 PM

i have researched that mining is an very efficient way of earning some btc (bitcoins). where do i start with mining?

wow, you invented time machine and you are now speaking with us from 2010? cool, I want also invent something like you:)

subSTRATA

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:^)

you can, but expect at least a few months to ROI, even with 1TH of hashing power nowadays you wont make much on a daily basis. a mining calculator like this one: https://alloscomp.com/bitcoin/calculator

might help you a bit.

WheatBreadSaid

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Quote from: subSTRATA on June 30, 2015, 12:31:35 PM

Quote from: WheatBreadSaid on June 30, 2015, 12:26:41 PM

i have researched that mining is an very efficient way of earning some btc (bitcoins). where do i start with mining? should i invest in mining in the cloud or mining equpment? which is better?

i wouldn't call mining efficient by any means, with electricity and hardware costs, the profits from mining are marginal at best and is only viable as income with a huge farm. also avoid cloud mining, most are ponzi scams but there are a few legitimate ones out there: https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387
this thread should help. If you really want to mine though, purchasing an antminer S5 wouldnt be a bad idea.

most cloud mining are scams? will i still get some btc if i purchase a cheaper miner and mine with that?

subSTRATA

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Activity: 1288

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:^)

Quote from: WheatBreadSaid on June 30, 2015, 12:26:41 PM

i have researched that mining is an very efficient way of earning some btc (bitcoins). where do i start with mining? should i invest in mining in the cloud or mining equpment? which is better?

i wouldn't call mining efficient by any means, with electricity and hardware costs, the profits from mining are marginal at best and is only viable as income with a huge farm. also avoid cloud mining, most are ponzi scams but there are a few legitimate ones out there: https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387
this thread should help. If you really want to mine though, purchasing an antminer S5 wouldnt be a bad idea.

WheatBreadSaid

newbie

Activity: 23

Merit: 0

i have researched that mining is an very efficient way of earning some btc (bitcoins). where do i start with mining? should i invest in mining in the cloud or mining equpment? which is better?

Topic: where do i start bitcoin mining? - page 2. (Read 1746 times)