Bitcoin Forum

I want to know how to mine BitCoin ? and
Is it profitable to mine coin?
What are expenses and how much do we get from mining ?
What is the Easiest (passive) way to earn BTC ?

Buy hardware for mining, not worth anymore if you mining with your pc/laptop.
The easy way to mining is buy cloud mining but be careful to ponzi scheme.

Take a look at https://bit-x.com. BitFury provides the hashrate.

Mining is a very competitive area. Personally, I think the best way to make any money is to join a mining pool. There are plenty of free ones in the Mining section.

No, mining isn't worth it unless you're planning to spend thousands on equipment and even then its still probably not worth it. The best way to aquire bitcoin is to just earn it like you would cash. Offer services or sell things. You can even earn fiat cash doings things in the real world then exchange it for bitcoin if you don't have any skills or items you could sell.

bitcoin mining is not profitable now, if you buy the tool? you will pay more electricity than usual, and for mining PC / Laptop? it would be very damaging. Mining cloud? maybe you can try.
but you can try also advice from me to mine altcoin, but must choose which one is good also for mines

I think it really depends on the amount of money you have to invest and your expectations... You will always be reinvesting some of the returns in more capacity, but then that is the case with any business.

For mining to be worthy, you have to spend some $$$ in the begining getting the right hardware + you must consider alot of stuff such as electricity price and the difficulty.....


anyway good luck  ;)

mining and current price are not exactly the right combination. it's much better for you just to buy bitcoin. it saves you a lot time, hassle and money.

It still can be a fun hobby depending on your interests. Just because people don't have huge refracting observatories doesn't mean people that like astronomy won't use smaller telescopes for fun. Sure they won't find a planet or anything but it can still be a fun educational hobby.  With that said, if you want to try it out you should. You can find some cheap old outdated mining hardware on ebay, obviously you won't profit from it, but like I said earlier it doesn't have to be about making money.

CLOUDMINING is better to get more profit in mining but high risk
RENTRENTAL is better if you want to try before buy hardware you can compare pool by pool
HARDWARE MINING is better if you ready to calculate electric cost, difficult and Price

Mining isn't really worth trying unless you have a corporation behind your back, unless you're mining a good alt-coin early enough.
Cloud mining used to be alright, until most of it turned into scams and ran away with everybody's money.

Just try buying bitcoin and trading or investing instead.

I want to know how to mine BitCoin ?   There are two main way's cloud or hardware mining.  What is your electricity price and does your country have a vat? (this helps me advise best way)
Is it profitable to mine coin?  It can be depends on lots of factors.  Difficulty has been amazing compared to a lot of peoples projections.  On return and profit I recomed all to looik at mining calculators and do the math for their situation (cloud or hardware still do the math).   
What are expenses and how much do we get from mining ? Depends on how much power you have.  More hashing power=more btc coming in.  These two things are directly related.
What is the Easiest (passive) way to earn BTC ?I personally like mining myself.  I have been doing it since GPU days.  I think mining and trade are two most common.  With so many altcoins being pump/dump I personally stick with btc.

Happy Mining!

You can mine Bitcoin with dedicated miner which is specialized HW only for the purpose of mining. You can buy it directly from manufacturer like Bitmain etc... Check un the Forum: Bitcoin Forum > Bitcoin > Mining > Hardware . Do not buy from unknown seller and be very carefull about price, shipment and all conditions.


I would say it`s not, but someone can arque on this. All the time it`s important to understand all your cost including electricity. Then check possible income which is only estimation as difficulty change can be different. Check several Bitcoin mining calculators - you can google it.


You have initial expense like cost of equipment, shipping cost etc. Then you have to pay for electricity consumption.


Tihs is real world. No easy (passive) income without work. You can try some of faucets, but it`s very small earnin comparing time you spent there.

Removed referral spam.  Also I HIGHLY suggest looking into scrypt.cc or any other site before you invest.  scrypt.cc has had many accusations of scam/ponzi.  That is not good and something personally I would not trust with my time.

This is just my opinion so make your own after researching.  But I think you will find more legit cloud mining in BTC.  There just is no new gear with scrypt, the A2 has been king for a long time.  Profit gets smaller and smaller on alt's if not a loss.

I'm new here, but have been looking into mining seriously for awhile now and am going to try it soon.  Looking at antminer S5 to start for low investment at 1.1T and if that works out this summer will move up to a sp20 jackson to add on during the winter to also help heat my house since I'm all electric utilities anyways.  Might start earlier on the sp20 and run it half powered at about 800MG/s cause I think the heat would be too much to offset cost during the summer where I am in Texas.  It's already a furnace here during the summers so I can't imagine wanting to put more excess heat upon myself.  Any ideas where to find good mining equipment to start at the lower TG/s speeds?  Can't do much more than that now since just trying it out, but looks like interesting prospects for bitcoin ahead...

if you want to get into mining for profit, youre better off staying away; it wont be profitable without a large initial investment on your part. if you just want to try it out, giving legitimate cloud mining a try doesnt hurt, but be careful, lots of cloud mining operations are ponzi scams.

Thanks for the info.

Was going to go for a break even point and then sit on the coins and hope for the best as a long term investment.  No way I can compete with the guys running PH/s but seems like an interesting idea for hobby.

Yeah. Hobby mining is really the only reason people like you and me should be mining. You really can't compete anymore.

At the 50 coin per block rate it was well worth it for the huge investment, but being they will soon be rewarding only 12.5 per block I think anyone would be lucky just to break even.  Could have taken a bigger part had I found out way earlier about mining, but if it occupies some of my time then it'll be a good escape.  Wish me luck!

and noise and cooling ..!!!

I personally enjoy mining.  It is very fun time for me.  I espically like tinkering with miners.  In some places it is a little harder with summer here.

If you have decent priced electricity it's still worth it, or other options is hosting, or cloud mining.   With these 3 main options there's kinda a option for anyone out there.

I suggest starting small and building up if you enjoy it.  For me I love it.

Easiest way to start mining Bitcoin is to buy cloudmining power. However, most cloudmining site is ponzi-based. So, choose wisely before you rent or buy hashrate from a cloudmining company.

I wont suggest you to mine Bitcoin.

Its profitable only if you can get the hardware and have cheap electricity. Mining on a traditional PC is not profitable anymore, you need dedicated hardware. Mining is a race, so you need to buy lots of hardware. Once you have the hardware the expenses are electricity, rent and new hardware.

Not worth it mate would cost more for electric.

Mine bitcoin is not profitable any more if you can find very very cheap power.

How can you "always recommend" cloudthink.io when they have only been going for five minutes?

It wouldn't have anything to do with you having just sold him something, probably an account?

@shad_90 why you not try this ?
rent RIG to know how much you get

No, don't lose your time mining bitcoin

you may try yo mine altcoins, but it is not much profitable any more

If you really want to mine for fun, try one of the altcoins - you can usually mine them with your CPU or GPU without investing in an ASIC.

if mining wrong altcoin you will not receive any thing
burn your money

need more research before mining altcoin

There is a lot of pump/dump coins out there.  This makes alt coin mining hard (partially hard as it's been using the same gear for quite a while).   

I personally would suggest mining BTC and buy altcoins if you want to play with them.  At this point in mining that seems to be best to me personally.

Yeah, except in the rare occasion that a coin shoots up in value, almost nothing is profitable to mine with CPU/GPU.     Then that goes away with the inevitable diff increase associated with everyone trying to mine it.

is cloudthink a cloudmining company?

Don't go for them because most of them are ponzies and because there is no fun in mining without your own hardware

there is also no fun in consuming electrcity when with cloud you can avoid that completely, not to mention the dust and everythign related to the maintanace, i don't find that fun to be honest

the only fun part is when you see your earning rising

and anyway some of them are legit, their problem is the same as mining in general, reaching roi is too hard, nothing else

Look, not everything is a ponzi.  I just checked out there website: They guarantee a payout.  This is a bad sign right? What do they guarantee?  3%.  Ok, so I made that at hasnest in the first 10 days, and they give themselves 6 months for that return.  The expected profit is 6-10%.  Pretty good, that is 12-20% a year.  If you got that much in your 401k you would be filthy stinking rich by the time you retire.   But they don't guarantee that much.  This is only one of their plans.  Their referral rate is 5%.  Pretty big but not exactly impossible.

If you look at some of their other plans they start to guarantee 20% or even 30%.  This is starting to look a little suspicious.  However I can't say that it is a ponzi.  These numbers are possible for a well managed mine.  When I bought in at hasnest my time to break even was something like 250 days.  Lets just assume that the difficulty etc is static.  After 250 days I can sell back all my hash and I basically have a 100% profit.  I wont do the math for you but you can earn a crapload of money with a 100% yearly return.  Of course it isn't so simple but the point is that the numbers from cloudthink do not necessarily scream ponzi.  That does not mean they are legit, I have no idea.  I would need to research it further.  The point is that you shouldn't go around saying things like this about a potentially legit business.  If it is legit then lots of money and hard work have gone into making this company.  If it fails because of FUD it would be a shame for the employees and investors wouldn't it?

I enjoy tinkering and playing with the hardware personally.  It's a very fun hobby.

ROI is based on many factors, electricity is one big one.  Those of us with decent electricity it can be done, but yes some would need to host elsewhere or cloud sadly as their electricity is to high.

This summer has actually been amazing with miners.  Some guessed a massive amount of change on the difficulty but jumps have been not to large in most cases.  And we have had a number of negative changes, including the last one.

So there is lot's of good going on in mining area in my view.

if you want mine for fun, just do it and start mine for now, you'll enjoy mining bitcoin and learn how it works :)

But if you want mine for profit, I think you should avoid mining bitcoin since it's not good anymore for home scale mining / personal mining at home :(

Difficulty increase so high and in other hand, bitcoin price drop so low are most notable factor for reducing mining profitability.

Many user sell their mining hardware to reduce their losses, meanwhile another miner still mining bitcoin as their hobby.
Do some research and determine which one do you choose :D

What is the Easiest (passive) way to earn BTC ?
Don't ever try cloud mining to hope earn passive money, most of them are scammer, or not profitable because high fees

if you already have a mining hardware and also have access to free electricity, you can mine and profit from it. but other than that if you do solo mining you only lose money rather than earning it.

if you are so interested in mining you can try mining altcoins or find a good cloudmining service and use it. always do your research before you invest

from my point of view, solo mining is no profitable anymore, is only profitable if you have cheap electricity, but you can always join in a pool, maybe thats the best chooise for you.

btw you can always rent some hw and use it, sometimes is a good idea ;)

cheap electricty wont help you solo mining, you need a pretty good damn equipments if you want to go with that route, we are now around 300p peta right?

without considering the diff, one should look at around 1 block per month at least, to begin with solo mining, this mean that at current diff you need around 80 tera or 70 antminers s5

70 antminers s5 are 70, cost 25k

and even with 1 block a month solo mining, the breakeven point would be at least half a year even with free electricity, most likely a year with cheap electricity (realistically). But better miners are always being produced, and the difficulty will likely rise too, so the breakeven point might be even longer than 1 year.