Bitcoin Forum

There is any guide to say step by step how to start mine? I dont know nothing about it.
Also If someone want to help me I will be really grateful.

-Broker

This is really to broad of a question.   What kind of miner are you looking for?  What is your electricity price?

There is everything from small usb miners, to multi T machines.  So really we need to know more.

I really dont know what do you mean. Sorry.
I need info from 0.

Thanks,

-Broker

1) First thing we need to know is what does you power cost?

 5 to 9 cents a kwatt is good.
10 cents a kwatt is meh 
15 cents a kwatt = you lose

2) Next thing is what is your internet connection?
Do you have access to a router that you can add a switch to.

3) Next is how much money do you want to spend?
to start there are items under 100 usd. even under 50 usd

4) After that how much noise can you stand?

 Some gear is loud

First of all thanks,

1) My kwatt price is 6cents I guess.
2) Ye ofc I have acces to the router.
3) I was thinking to use my own machine to do it but if I need to buy more yes I can buy something.
4) Over 9000

-Broker

Look at this video to understand what bitcoin mining is: https://www.weusecoins.com/en/mining-guide/

After watching the video, read the rest below.

Thanks for this info, but how about to join a pool?

Do you mean to say you want to mine on a computer?

If its possible yes, well I have 2-3 machines.

Nope.

Computers can mine Bitcoin technically, but you will not generate enough computing power to even earn BTC worth pennies. In fact you will get zero BTC.

The days of mining on computers are long gone. After that came powerful GPU, and those days are also gone.
Now a days BTC is mined on specialized ASIC computing devices, so if you seriously want to mine, you need to purchase ASIC miners. But you will be mining at loss considering current price of BTC.

Alternatively as a start you can focus on some CPU-only coin that can be mined only on computers and they do not support GPU or ASIC mining.

Search "CPU-only Coins Mining" and you'll see. You can always sell them for BTC.

Thanks for all info, RIP my dreams

Don't give up on your dreams. Go on Ebay and buy 1 or 2 Antminer S3 miners and give them a whirl. You'll need a computer power supply as well. But once you have that you're good to go for about $150.00 total.

your power is cheap an s-3 for 80 to 100 bucks   and maybe one of your pc's has a decent power supply .


So lets plug in 80 bucks  at current prices for coins

in about 144 days you will be ahead 5 bucks 

if you pay 100 bucks for the s-3 you will

need about 206 days to be ahead 12 bucks


but and here is a big but  in either case you lose at worst 80 or 100 bucks.

If coins go up a bit you could make more.

From his posts, it seems like OP is thinking of mining at his work computers, because he mentioned "ofc" router access.
So in this case he will not be able to deploy external miners, he will have to do all he can with the computers. That's why I believe this is not feasible.

In this case the best he can do is mine CPU-only coins and trade them for BTC. He won't lose anything, considering he is using office infrastructure instead s his own.

I would agree as he wanted a step by step.    Sadly the day's of CPU mining is really done.  You for sure can't cpu/gpu mine BTC.

And I would be surprised if he can find a profitable CPU coin or GPU in most cases.

you can do it with a raspberry pi will cost you less in consumption vs a computer actaully you need only th power supply and not another device

especially if you are mining in a pool you can monitor it with your main desktop, without having two dedicated computer

Here you go.  This a good starting point. https://www.bitcoinmining.com/getting-started/

the problem might be that OP is either not willing to or does not have the leisure to expend the funds for a few asic miners. cpu mining altcoins is definitely a viable alternative.

I agree.  It is suggested by the posts he is not the owner of the machines so he will have limited access based on the router access he mentioned he had.  I don't think anyone should recommend him invest in mining equipment in his situation.

Moreover it might be risky to mine on work PC. He will most likely get fired if the IT guys find out. Most companies don't allow such operations on work PC.
( Unless he is the administrator himself, of course :D )

Mining on your PC == Waste of time + money.
So, I will say buy bitcoins, trade, gamble and withdraw.

Let the big shit companies mine for us.

gambling is not really advisable if you want to get more coins, you only have higher chance of losing than your chance of winning so its better to do trading or investing

The biggest thing to me is there is not really a regulatory body for these places you gamble.  Chances are they are in a hosting trying to be used in countries they are not registered to be in.

So they can make odds, change it at any second, and could be horrible odds.

https://www.bitcoinmining.com/getting-started/
About coins diff: http://www.coinwarz.com/cryptocurrency
Mining Hardware Comparison: https://en.bitcoin.it/wiki/Mining_hardware_comparison
If you want to mining, i recommended to mining altcoin.


Buy bitcoin > HOLD > wait the price rise > sell > get profit.

The easiest path to earn Bitcoins without buying is gambling, So that's what the OP can do.

What if the price drops? :/

I suggest that you don't mine. It is not worth. First you need expensive hardware that must be bought. Then you will install those and they will spent electricity. Then you will earn less and less bitcoin with that expensive hardware because of the rise of the difficulty in mining. No one will know if you will have your spent money or profit. It will be better if you will use all that money to buy directly bitcoin. For sure is the best way to have bitcoin.

Should have before you ask here, first you are looking for in google.com
there are many guides on how to start mining.
When you have problems after you search on google.com, you can ask your difficulties here :)

I'm not sure what caused this thread to come back up today.  But OP has not been on since: Last Active:    July 06, 2015, 09:51:32 PM


Soo.... lets let this one die and move back to history :)