Author

Topic: where to start (Read 556 times)

sr. member
Activity: 266
Merit: 250
November 28, 2013, 09:20:17 PM
#7
If you're "very" new, I really don't advise even trying to start mining at this point. You'll need a lot of money (somewhere in the thousands of dollars) to afford a competitive mining rig, and it'll still take you several months and a lot in electricity costs before you break even.

This is probably the thread you're looking for.

Hope that helps!
thx appreciated
newbie
Activity: 54
Merit: 0
November 26, 2013, 11:36:14 PM
#6
If you're "very" new, I really don't advise even trying to start mining at this point. You'll need a lot of money (somewhere in the thousands of dollars) to afford a competitive mining rig, and it'll still take you several months and a lot in electricity costs before you break even.

This is probably the thread you're looking for.

Hope that helps!

Read this FAQ this will clear up a lot of stuff:
http://www.reddit.com/r/BitcoinMining/comments/1qzmvj/updated_faqs_for_newcomers/
sr. member
Activity: 380
Merit: 275
November 26, 2013, 11:34:27 PM
#5
I agree. Unless you have a ton of money sitting around right now, just forget mining, at least as far as bitcoin is concerned. You are much better off purchasing bitcoin's online from BlockChain, Coinbase, LocalBitCoins or any other site that services the country you live.
newbie
Activity: 56
Merit: 0
November 26, 2013, 11:07:10 PM
#4
You should simply use an online wallet to start off, they do everything for you and fast as well.
newbie
Activity: 14
Merit: 0
November 26, 2013, 10:54:55 PM
#3
If I were you I would use the blockchain.info unless you want to have a better security.
member
Activity: 126
Merit: 10
November 26, 2013, 10:28:48 PM
#2
If you're "very" new, I really don't advise even trying to start mining at this point. You'll need a lot of money (somewhere in the thousands of dollars) to afford a competitive mining rig, and it'll still take you several months and a lot in electricity costs before you break even.

This is probably the thread you're looking for.

Hope that helps!
sr. member
Activity: 266
Merit: 250
November 26, 2013, 10:26:47 PM
#1
I am very newbie i downloaded bitcoin software not sure if i did. I wonder how mining benefit and what are the topics for a newbie to read ?
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