Bitcoin Forum

Today one of my friend hit me with his question that he want to start bitcoin mining but i am a noob too in mining thing so i though it is the right time to ask you guys about it
his pc has

2gb ram
Intel 2.8 Ghz processor
500 gb HDD
Internet - coming soon 500kbps download speed
 
and his mobile has(for web mining) :

2gb Ram
Intel 1.6 Ghz
Internet - download speed 4-5 mbps

he asked me 1.what pool should he use? 2.what software he should use and some additional information about this. precautions and guides are welcome too

i highly recommend you not to mine bitcoins right now as it is unprofitable thing to do right now because there are a lot of powerful machines that will make your mining unprofitable as they will be more successful at finding new blocks or something like that, though its just my opinion

Mining with PC is no longer possible and/or profitable, your friend will end up wasting a lot of time and electricity and in the end the only thing he'll get is a burned motherboard. Mining requires quite a investment and then you have to spend some more money on electricity. Its better to buy bitcoin instead of spending so much money on mining equipment.

Can we mine altcoin with PC ?

You could but I doubt you'll earn anything worth the time and energy cost.

if you want to mine altcoins with your computer you should carefully select the ones that have potential to grow its community and the price because there are a lot of coins which are not worth anything after a few days what would mean a huge loss for you

How can we earn easily and profitable? Can you give some examples?


Yes I am aware of that. New coins come and gone at the same time. But if we are lucky maybe we can earn with new coins but the chances are too little unfortunately.

I checked the date of this post before deciding to reply. To be honest, it is not worth mining with a computer anymore. So, let's ignore the possibility of mining with phone. Nowadays, large companies is mining Bitcoin in a large farm with hundreds of mining hardware. It costs a lot of electricity to mine Bitcoin. In other to sucess, one need to be faster than the competitors. With a 2.8 GHz processor and 500 kbps internet connection, you cannot get anywhere near 1 BTC profit. Check Amazon.com for some cheap mining hardware and learn how to use them.

If your friend and you really want to mine Bitcoin on this computer, try some new Altcoin that is easy to mine.

Do not mine alts at all. If you calculate the profitability, you will realize that you're better off mining BTC and then just trading that for an alt. People talk about how "the alt could go up in value" but you could mine, say 1k of those, or BUY 2k from the BTC. Which one brings more profit?

when large companies are mining bitcoins then why is the transacrions are still so slow do something other are also effecting the transactions?can you suggest some altcoins that my friend should go for atleast for his satisfaction and btw which mining pool is best for bitcoin and altcoins

Multipool.us is one of my favorite pools if you really want to take that route. Do it for fun, though, and not profit, or you're losing money.

there is only magi that is minable with a cpu and monero, but monero diff is high now, so there are not a good profit to be made, you will waste your time with that setup

you need at least one 750ti to mine something in the altcoin world

Uh, there are many CPU-only coins. But the cost of energy usage on CPUs is huge. In my situation, for example, my CPU running at full is 230w, compared to my video card at like 180.

is graphic card mining is profitable now days on a normal computer will it mine anything or any altcoins?

Mining is not profitable right now but if your friends want to mine bitcoin or to learn how to mine. Try the usb asic miner.
and learn how to mine with usb asic miner...

If you have cheap electric go for it.

Agree, mining now is professional business, very hard, highly competetive

lol  ;D Made my Day

- Its really not possible to mine with your Computer BTC anymore :D This time is over ;).
You should try an only gpu/cpu altcoin out of the Altcoins Section :) I think there you could be luckier in after exchanging your crypto.

regards
BTC LOVER

those many are not profitable, actually there is zero profitable coin to mine with cpu right now, you can try better your luck with some gpu coin

cpu or gpu mining are not earn anything. if you earn from mining you must buy miner.

CPU and GPU day's are over.  Even if you make money it would never pay off PC or processor or GPU.  Those day's are just over they really are.  Some coins like burst will brag trying to get new people to try harddrive mining... and it's a few dollars a month for most. 

OP you will not like it but it's true give it up on GPU/CPU.  Buy a asic if you want to mine you can do a stick miner if wanting to learn. Or big miner if low electricity.

I don't think so this only enough to start mining Bitcoin mining is as more miners join, the rate of block creation will go up. As the rate of block generation goes up, the difficulty rises to compensate which will push the rate of block creation back down. Any blocks released by malicious miners that do not meet the required difficulty target will simply be rejected by everyone on the network and thus will be worthless. best you can go amazon to purchase the bitcoin mining machine:)

If you want to learn / play with altcoins go ahead (and you can find altcoins to do so easily in the altcoin section).  But do NOT build a system to do so.

If you want to get involved in BTC you can buy it on one of the many exchanges out there.

OR

You can grab a stickminer or two in order to mess with things and earn some dust (that will eventually accumulate if you just let it run for ages and ignore it).

https://bitcointalk.org/index.php?topic=464496.0

Here's a list of many available.  It'll give you reason to learn about BTC, wallets, pools, securing the network, etc.

Mining will kill your pc and your mobile if you start mining, but i would suggest to use it for anything else like offline wallet if you really don't know what to do with these two devices.

I don't think he said if it was a dekstop or laptop.  Desktops are harder to kill.  Granted if using a GPU it can be pushed and killed... been there.

But it is not worth doing as you lose money at this point.  And I'm still not sure what he means by web mining... I wish internet could bring a income but i have gigabit and made 0 off web.

Even if you have FREE electricity, you're wearing out your systems, so you're losing money. Horrible advice.

i recomended you to start mining with rent hash power at https://www.miningrigrentals.com/ then you calculate yor earning and ROI
i have tried rent some power and mining altcoin ( new altcoin) and im lose ~0.02

Why would people rent out their hardware if they were earning less than they would just, you know, using it? Common sense, my friend.

are you have tried mining ? real mining altcoin/bitcoin with real hardware ?
or you have tried mining with rent power ?
you have to try it before talk about it,,

mining altcoin and bitcoin is very diffirent
for me if you want to mining with real hardware you have to try rent some power then calculate your ROI with your earning

If your electricity price is high. It is better not to mine directly. You can buy some bitcoin now, the price will rise, you can still make some profit.

do you really this it is profitable well i dont see any scope of profit on this kind of stuffmy electicity price is not very high but still i dont think this time my friend should go for mining

I've rented (both to and from) and mined nearly every type of algorithm there is. Again, if I could make $1.00 off my hardware, why would I rent it out to you for less? That would be stupid. So you're either paying more than the renting is worth (losing money) or you're losing money (losing money). It makes no economical sense.

For the same PoW algorithm, there are many coins out there. I cannot mine each of them profitably. So I rent out my rig.

i have tried and it's a wast of time, you can only lose there

i explain to you when you can actually use it for profit, basically it was good in the past because with altcoin you cna instamine a shitload of block early at launch, by renting for few hours a huge hahspower, now it's not the case anymore

but you can try your luck on mining solo with bitcoin by renting a great numbers of tera and see if you take the block, although it's really a gamble...

lol your friend and his computer are about 5 years too late.

5 years is a little too much in the past, but in 2012 and even 2013 mining in your home was profitable.
I guess that past 2013 the only way to real profit from bitcoin mining is own a specialized mining farm with hundreds of ASICs.

Dont unless you have very cheap electric.

Yeah but not really what the set up they were working on. By 2013 we had asic and before that we had killer fpga's.

Very nice thread guys  ;D

regards
BTC LOVER

With that hardware configuration there really isn't a whole lot your friend can do insofar as mining is concerned.  Without some dedicated ASIC hardware hashing away his best bet would be either:
a.) don't mine at all and just purchase coins and hold
or
b.) If really wanting to mine look into mining some competing algorithms that are more GPU friendly (i.e. x11, x13, ethash, etc.)

DO NOT USE A COMPUTER TO MINE BITCOIN!!
There is no profit in it because it is way to slow.  Even in a pool you will not do enough mining to earn 1,000 satoshi in a single day.  You can get on faucets and do over 50k in about an hour making mining useless with a PC

It was still profitable with GPUs, though. Especially when it jumped to $1200/coin in 2013.

if mining is not profitable then why are the big companys or industrys are doing it now and also china is doing it in big scale too isnt it i thought mining is just getting difficult these days so i should switch to trading now hope that brings me a good profit and a good grip on money

It can be profitable but you need things like low or no import tax.  Then you need low cost electricity.  I mean look at value of BTC one can get a profit, many still do.

There are always some that sit there on sidelines and say don't mine you wont make money.  But I suggest everyone do ROI math on a asic and see how it works for him.

My electricity cost is higher than $0.2/kWh, so I do not mine. It is not profitable at all for me.

For these large companies, Mining is profitable because they are running larger operations.  Where we could buy a miner and make a whopping $3.00 a day, they have 1,000 miners operating at once, making $3,000 a day.  This is an example, but you can get the understanding from this.

no body answered my question that if there are so nany big industrus are running bitcoin mining they why still now we have the confermation speed problem still now i see the litcoiners payments were faster than ours no matter that we have a lot of miners then them its just the difficulty

You can still make profit as a home or hobby miner (I consider hobby to be bigger then home miner).  All depends on how much electricity you have and price of electricity.

Big companies do have a advantage as they can go to a area with already cheap electricity and make a deal for large amount's of unused electricity for even cheaper.  So they are able to get amazing prices on electricity.

Yes it's an old school technique. At present its a dumb idea to use computer for mining of Bitcoin it will be just waste of time and money which you will spend for electricity without any profit because there are some cool machines launched in the market for mining which would attract more.

Kindly let me know the cheapest solution to mine alt coins.

well according to my knowledge alcoins have a low difficulty level and since you can mine them with the older methods we used in bitcoins like cpu mining,gpu mining but it needs a good power supply and a good mother board too

CPU and gpu mining are not as efficient anymore with more powerful asics flowing around.

The days for CPU mining have long gone. People now mine using ASICs, which are very powerful machines designed to only mine Bitcoin (Bitcoin mining ASICs, that is). Even with them, it is only profitable if you are in a region with low electricity costs or a place where electricity is free. However, you can go and try mining some altcoin instead. I'm sure you'll earn more from mining altcoin than mining Bitcoin.

It doesn't matter if you have free electricity -- you're paying for hardware. You're spending money regardless, and in 99.9% of the cases, you will not earn more than you're spending.

there is some profit you can do with a s7, a s7 can produce almost one btc, now a little less because of the recent diff increase, 0.75, which is $360

at 0.2 electricity your consumption per month is $180, so your net profit is still $180 per month

Looking at calculators, it looks like at the CURRENT rate, with zero electricity, break-even would be 11 months. Starting next month, that jumps up to 13-14 months. The next month it jumps up to 17 months, and this pattern continues. The chances of breaking even are almost non-existent, especially when you consider how quickly new hardware is being created/added.

it is really not recommend if you only mining using laptop with specification

nowadays the serious miner already buy tools to do mining, you will waste your energy and your cost if you only depend on that latop and phone to do your mining

yes to the PC we just going to spend the cost of electricity and large devices. while earnings below.

You can check amazon and ebay and get some good miners for cheaper.
With that, you might be able to break-even faster compared to buying a single big miner for higher hash.

no , don't fall for the "% diff increase each month", it's not working like that, the diff will settle at the same ratio as it was before, there will be no always the same increase as the last one

so the next diff increase will not be + 13% or something, but much lower, and with free electricity your earning would be $360 a month which mean 5 months roi not 11, S7 cost only 3 btc on bitman

But what's the guarantee that after halving takes place, the profitability will be the same???
Even if the calculators ain't right, we can't assume exactly as to what we will be getting in the future based on the uncertainty it possesses...

predicting futuer is just like finding a true love we can hardly say what will be the right number in the future with this increasing difficulty and if we anyhow can mine at a constant rate then i am sure we can solve some big mining problems which are effecting the mining

nothing, but if the demand remain the same, it will be profitable for the miners to mine, this is certain, the price already increase 2x, which is exactly what you need to face the halving

the efficiency will take care of the diff increase

If you have efficient miners, you are OK with the difficulty rise. Just halve the revenue. You might be still profitable. If you do not have efficient miners, you will make a loss.

Totally agree mining BTC  these days is very hard than you imaging so if you and your friend want to do it ,  you have to invest some money on it (i mean alot ).

I think you have to follow the advise jacktheking if you insist to mine (Mine new good ALT coins ) other wise invest in buying BTC.

If you have graphics card, and want to try mining. You can mine Ethereum. The price has risen a lot recently.

I  think there is no profitable mining in this year but if you have free electricity you can make a profit.
About the ethereum how much if you convert it to satoshi?

But efficiency decreases with the increase in difficulty and as time passes...
I guess there are no miners which run at a stable TH/s provided at sites they are purchased from, for more than 7 - 8 months, so the possibility to profit decreases with the decrease in efficiency...

I think profitability decreases with increasing difficulty. If you have high electricity price, your new miner will last just a few months.

Even if you paid a decent cloud mining site to avoid electricity costs a lifetime contract, you will never get even. That's right, China will eat you alive. I my own, am facing it now. What happens is, the rewards you get from it, dwindle down, until nothingness.

You have been informed. ;)

HAH. HAH. HAHAHA.

OK, was this a troll, or are you being serious? You're calling yourself a noob? This friend of yours wants to mine with a lemon! xD

If you want to make 5 satoshis a day, by all means, go ahead. Don't come crying when you find out that the lemon has died from the strain, or that your power bill is somewhere like 500 satoshis a day.

My download speed here in Australia is 32 Mbps  ::)

The increased difficulty will cause a more strained demand, which in turn will fight until maybe even 2x the current price. Then miners will earn the same amount as they do now (in fiat) and people can purchase the same amount of BTC as they used to (in fiat).

Google knows how to make a lemon battery, lol ;)
I invested 0.30 BTC in mining, got some results of roughly 60000 satoshis a day, but this is months ago. Now my rewards are like 4000 sats a day.

What about a Smartflower for your garden? ( www.smartflower.com ).
Still expensive now, but you always get solar energy during the day.

To reduce the charge of electricity means You could have go for Solar panel miners. That you can easily find in EBay and amazon through online purchase.
European markets you can purchase easily.

Follow those announcements on altcoin scene, you can find  from time to time new coins that can be mined only with cpu or hdd ..Do your homework and read.

You can still mine other coins and then trade them for Bitcoin, i currently mine ether and get about 0.09BTC per month

Mine with a lemon???  haha gives me an idea, i might use my hamster to power a dynamo from his wheel, actually i might get him a few friends to help out.... ;D ;D ;D

So called home BTC mining is not profitable, better sign up with good BTC mining site and invest some BTC  ;)

Maybe you should try cloudmining because some cloudmining sites are actully giving profit but dont fall in any scam

But the difficulty increase are dwindling the earnings every few weeks or so and we are so many weeks away from halving still.

If the difficulty rises 7% each 14 days, the difficulty will double each 140 days. So it is equivalent to halving every 140 days.

The difficulty rises is much higher than 7%. It was 20% in the last difficulty adjustment. It will be another 20% in a few days.

What I do is mine an altcoin that works with my miner and sell the altcoin on the exchanges. I make some a day or two. I was able to keep quite a bit for what I have for

what my miner that I OWN is. I actually OWN a miner to make mone, instead of cloud mining, which I quit as they seem to be YHIPs, and not real mining, that uneducated

people think it is at the beginning. Soon as I found out the dirty little secret about cloud mining, I quit buying cloud mining. Now I plan on one day buying another miner, and

getting more altcoins to sell into btc.

I do the same. Most altcoin are scams. I will mine them and then sell them. I do not hold those coins.

The Ethereum is very profitable to mine now. You can make some profit out of it. But the difficulty is rising fast.

Don't even start with Ethereum it is not good good for mining at all. First of all you can't use ASIC to mine because their mining algorithim is something different than coins based on SHA-256.
There is also no way  ASIC could work due to the memory growth built into the Ethereum's algorithm.

the Ethereum will not be mineable in 10 month also, as it will change to PoS. So your GPU will be useless for this.

ti's a good thing that there are no asic, more hard for the diff to grow, and it is fucking profitable right now, so i don't know what you're talking about

it is more profitable than mining bitcoin


there is not only ethereum which is profitable, there are at least other 4-5 coins, but i won't say what they are obviously

My suggestion is you just look for a signature campaign you will not earn btc in mining right now because of the high class computers

If you already have the PC system and graphics cards, you can do some mining. That is quite fun.

For the time being, it is better not to invest too much to buy new graphics card. It is OK to use old ones.

I think the proper term here would be due to "ASIC" chips not high class computers which allow faster pace mining..

As for the signature comment, and its a yes and no.

Most of these signature providers also have a limit how many members are allowed in their campaign so if theres no room, youre kinda out of luck.

How about mining etherum, their price is high though.
i knew that imposible to get ROI by mining bitcoin, some people said that mining altcoin is better than bitcoin, i just curious how people here get profit by mining altcoin?

I you already have the graphics cards, you can mine them. If you do not have, do not buy new cards. You will not ROI.

The electricity cost is higher than the minig cost :-[

this is not true, the electricity cost to be higher than the revenue  it must be on the range of 0.2 cent per kw, and big farm are not runnign their farm with this electricity

they are making still tons of profit

It is not profitable to mine bitcoin with your PC, but you can try altcoins such as digibyte. with a simple GPU good mineable. (Groestl, qubit, skein)

mining with your normal pc was never profitable bro ??? :-\
i think your electric bill and Internet bill will take up a good amount with leaving no profit for u but loss :)

dont mining bitcoin on your normal pc
at least your computer has high spesification and of course the electricity on your area must be cheap.
mining took so many resources and energy. And the difficulty will almost always increase every month, so your hardware will earn less coins

For now its not profitable to mine bitcoin but it can be profitable if mine altcoin you can find more altcoin mining here https://bitcointalk.org/index.php?board=160.0
All tools there are useful .. also try pos and use vps to start staking without shutdown you laptop because you run it in vps..

The most profitable coin to mine is the Ethereum. But its difficulty is rising fast. There are many big farms.

probably every coins is not profitable and even there is too much risk when you choose one...
today you get high revenue...tomorrow someone dump and you loss every gain.

I think its defends of difficulty ethereum has high difficulty thats why mining now is not so profitable because many people are mining ethereum..

wrong etheruem is very profitable, more than signature campaign or anythign else, even bitcoin is no mtahc witht he best asic and cheapest electricity

If in your nation the electricity cost is low I think that it would be really better to spend some money for a good miner and try to earn something with that.

I believe utilising online faucet would be more profitable rather than the machine you specified.
Not that online faucet is profitable at all.

what is the good miner that let me generate from 10BTC to 20BTC monthly ??

You can hardly find any online faucets that are profitable these days.  It is nuts how many companies start to play on BTC and then fold.  We need some good companies out there that deal with BTC.  This will help increase the demand and overall value.

There is no single miner can generate 10 bitcoin a months. You need a mining farm to make that amount.

From what I read online, BTC mining is not profitable any longer and not worth the time. The key expenses is your electricity bills.

purchase hundred or thousand of ASIC miners to have much power to mine bitcoins. remember that you will need huge money for that and the sad part is if you are paying expensive electricity then you will be in negative profit

Mining is simply hard than users think. Its good to start with limited equipments at the beginning as you can understand and move forward if you think that to be profitable.

What is the operational cost of running a farm with 1,000 miners?

I am new to this forum too, and want to say hi at first, and also I am interested in knowing more about bitcoin mining, I have heard from social media about it, but I have no clue regarding it. I decided to register here as it was suggested in the facebook page , here someone can learn a lot regarding bitcoin.

As stated above CPU/GPU Bitcoin mining isn't possible. You must buy ASIC miners to be able to mine. If you want to mine with CPU, you can mine Altcoins, but it is a risk as you will probably lose money. The only thing that could help you is free electricity, but you will probably burn your CPU.

Unless you live in China and have access to free energy, else it is rather unprofitable, i boldly assume.

yeah, that's right. mining will require a cheap electricity which is hard to come by in most of the countries. but i did a little bit of calculations a while back and found out that there is still hope for mining some of the altcoins if their price is high enough so you can still make a profit from mining them.

In most cases this is really true that mining is not profitable. because mining charges, electricity fee and miners price will cost more money then what you min with it... but it can be profitable if you start with big money and make a mining farm. only with one mining rig is not profitable.

A large capital is needed to buy miners, land and the massive electricity bill. I wonder how much capital is needed to run a decent farm.

I have a plan to buy the mining hardware after halving whether i would get a profit if only have one mining hardware?

Currently, 1TH/s power yields around ~0.002 BTC per day, assuming difficulty is constant. There are others who could give advice. Make your decision wisely.

You only use a CPU or GPU to mine. Nothing else matters, well that and the software. Asic are way to advanced now so only big farms really make any money these days. However if you had a mid to high end GPU you could mine a few altcoins and make a small amount and if you lucky they increase in value! All established coins like litecoin, bitcoin, dogecoin etc Already have been minded a lot by asic and farms so stay away from them if you do plan on mining.

CPU mining just is not worth it anymore.  There is not a coin that makes it profitable for most people, and even with free electricity CPU coins just are kinda crap and not worth much.  GPU is a different story.

It's all kinda surrounding one coin with Ether.  But with certain GPU's it is feasable to mine still and profitable for many.  It's gained a lot of support really compared to most other altcoins currently.  You talk about big farms there are still farms of GPU's out there they are just less common then asics.

You could use nicehash miner and set your system to mine at idle system time.

If you want to start mining bitcoin you need to save some for it because mining rig are so expensive (for me) and also prepare for incoming expensive electricity bills because mining rigs need to open 24/7 and it also consume high electricity. To start mining i will suggest to consider the cost of your electricity in your country.

you can say this for your friend :
" DONT THINKING YOU CAN MINING BITCOIN WITH YOUR F*CKING AWESOME COMPUTER"

Is the nicehash software safe although it proclaims itself to be safe? I downloaded it from nicehash site, my anti virus raised several red flags.

two thimgs i want to say.
1 is pease don't dug out old topics jist post if you are intrested on that discussion. and 2ndly always use recommended bitcoin miners. nicehash is not much popular and hence i dnt kniw its safe or not but better i will advice not to try it

nicehash has less profit than mining for yourself, etheruem for example or other coin, not to mention, that it does not support each new coin that emerge from that messy place

you can use simple tool, minergate, but not sure you can reach ROI, maybe your hardware will be fail before reach ROI.

If he want to buy the PC, there will be no ROI. If he already has the PC, the electricity cost is more than the bitcoin.

You should out a bunch of YouTube videos, and  there are mining calculators there. So, you can see if mining will be profitable for you.

To be honest mining will be not profitable anymore with that specs so it's better if he just save some extra money and buy S9 soon because i think it's one of mining hardware which you can make some good profit but for sure that mining hardware is expensive. So if you don't have much money better to find better ways for you.

Well IMO mining ain't profitable now since bitcoin's halving is near. When the block reward is halved then it would be harder to mine bitcoin and only big farmers can earn decently in mining after that. I suggest that your friend do altcoin trading online than to mine btc he can easily double his money in altcoin trading.

Regardless of crypto currency, I believe mining at present times requires a good equipment investment. You must use the most advanced technology to mine cryptocurrency in order to profit well..

If you want to mine, do it seriously and act as if like legitimate big mining companies of gold and minerals. If you are just mining out of curiousity, better not join the pact.

If you have almost free electricity, then you can mine at a small scale. Otherwise, it is not worth it.

Everyone starting mining investment should remember about rule number 1,
about mining bitcoin. Every  year it gets less and less profitable,so remember you need to count is it worth for you.

It is not very profitable to mine the bitcoin using ASIC unless you have very very cheap electricity prices.

how high should those costs be?

Mining bitcoins with current conditions is quite impossible to make it profitable. As already halving done and price for mining one block reward decreased to 12.5 BTC. But still if own any hardware which produce tremendous power of hashing can give little profit with bitcoin mining.

Rather I will prefer to go any other altcoin for mining with suitable scrypt base to get some good profit by mining actaully.

If you have knowledge about the computer hardware and software, you can start mining the Ethereum.

The only prthere right now is to figure out which chain, eth or etc.
I think only one will be profitable.

Bro I Suggest you that Don't Try Mining Because Now A Days Halving Is over and there is No profit in Bitcoin Mining.
Instead of Mining You Can Try out other Investment Opportunities Online Like Bitcoin Trading....
I also tried Bitcoin Trading and It helps me a Lot to Earn Good Income....

You can try to mine some altcoins if you know how to set up the mining hardware and software. They are quite profitable.

I wouldn't really suggest mining anyone that doesn't havea  higher/some capital to invest or has a miner himself, otherwise do not try to mine btc or maybe you can find some altcoin on coinwarz

its better not to mine as it is not profitable now

If you have cheap electricity price such as below $0.1 /kWh, you can still mine some altcoins such as Ethereum.

First of all bitcoin mining is not the way to go with a pc. Altcoin mining is likely to be alot more profitable, the site minergate is a pool which offers mining different cryptocurrencies that can be profitable on an ordinary pc. Dont expect to become a millionaire overnight but it's worth trying if you wish to get into mining cryptocurrency.

I am mining the Ethereum at the moment. My electricity price is 0.2 dollar/kWH. But if the difficulty rise again, it is not profitable.

Mining will continue to provide benefit when confirmation being long all senders bitcoin will add cost to get a quick confirmation and the current price is not too low. so i think mining still profitable for try to get money.

For the bitcoin, you need to be quite patient when sending some money. It might not be confirmed very soon.

It will be nor profitable for mining BTC from PC . it waste time and electricity
Must have a professional mining machine such as Antminer or KNC

If you computer CPU support the AES_NI instructions, it is good to mine the Monero. It is quite profitable now.

It means , he must has a good specification rig before start mining any coins.
I think mining new coins  , and for hope your coins listed in exchanger with decent prices is good than mine with high diff coins.

My honest suggestion is go for minergate. Minergate can give you opportunity to mine various cryptocurrencies with their application.

Mining of Bitcoin is hard bcz level of difficulties as well as blocks height. Also price for mining block for bitcoin is decreased as per prediction.

Better way to go for special mining hardware, because mining with own computer cannot be profitable as per consideration of expensive and ROI.

Most of the medium end CPU has got the AES-NI. So you can mine the Monero more efficiently than the GPU.

Mining now is impossible some of high end pc are turning into nothing and they get cents of bitcoin and not enough to pay electricity bills or for monthly bill i think it's much more better if you gonna try it on VPS or RDP where you can start building there before you try it on your pc

sell your mobile phone, buying 2gb ram again and 1 Rx480
now im running ethereum classic mining with 2x Rx 480 and my earning arround 2etc perday  ;)
https://s13.postimg.io/nohz0dt9z/ssaqwrwrw.jpg

I don't think that you should mine now as it is unprofitable

Mining means generating coins. Which can give fiat currency after exchanging them. But Things a re quite hard day by day.

Bitcoin mining with own PC is like wasting time, money and Power of computing power bcz of many factors.

Better way go for other altcoins . But still it will be not profitable.
Mu honest suggestion is to buy any of high configuration mining hardware which can give good amount of coins by mining. Which finally give good ROI.

While mining any of altcoin , must have to understand basic things as algorithm, difficulty level, block height, block reward, time take to solve 1 block etc. all these things matter while mining cryptocurrency.

It is far really true that Bitcoin mining with the PC is totally scrap idea, you can do better start mining altcoin but same first you should have full knowledge about what is mining and how it works and what and all you have to learn before starting the mining work. Then only you will be mining in a profitable way.

How long you expect before you ROI? Maybe 3 months down the road, you should sell your setup to recoup some funds.

If bitcoin developers wanted us to still mine bitcoin using GPU or CPU they would kept option to mine BTC in Bitcoin Core client.
But they removed it in recent version. And for me it is a sign that individual mining of BTC is dead. Focus on altcoins if you have to mine.

So its not profitable to mine as an individual? good to know, one less option to worry about.

Individual mining is still possible but not  on a regular high specced PC. Mining bitcoin would require ASIC which could definitely mine bitcoin but same as other said its not profitable anymore unless if you have free electricity and you have decent amount of money to invest on a mining farm which could make  you profitable but in CPU and GPU i think its impossible already but  on mining altcoin then its possible as of now.

GPU mining is still very profitable I am still upgrading my GPU farm, last month I switched to Nvidia to save on electricity , NW is like 50-60% less power hungry them new AMD rx 4xx which use power as match as old 28nm

If you go Nvidia I would suggest GTX 1060 or GTX 1070, per day 1070 can make ~3-3.5$ and power usage per card is 130-140w (1070)

right new to mining, have seen a friends mine and said for me to try, but everywhere i have seen people say its not worth it anymore but yet seem to go on about there mine :/, i have been given 3 antminer s1's and a s3 from a friend who had them kicking around as he has 5 s9's now, im going to get a psu for the s3 and run it while at work while on night shifts so no cost on electric for me, can get away when im alone because of the fan noise but will change them out to quite ones if i want to leave it running 24hrs is it worth me doing or just stick them on ebay

You shouldn't do that now as it is really unprofitable at this moment

yeah i have no costs, just got a psu for free from a friend aswell, so if its costing me nothing how is it unprofitable?? or am i missing some elitist with many petahash trying just to mine to hoard i dont understand why people are putting people off and if your in a pool as many hashes the better since you have more chance of solving stings but hey

It depends on the electricity price. If you do not pay for the electricity, then it is very profitable to mine.

Illegal your electricity with mining farm its risky to do because anytime they can trace you if they know that you are eating a large electricity in your house. or if you have solar it is better to have free electricity. it can be profitable without no risk.

I dropped the idea of mining since the ROI period doesn't seems palatable to me. But I like the idea of selling the rig away after 3 months to recoup losses. But who would buy?

It would be good idea , if you reached the half of your ROI and selling your Rig , you can pass your ROI instantly.
I think anyone wants to buy your RIG , but make sure you use an escrow and explain the details about your rig if you want to sell it online .

But if it is still profitable to mine, why sell the rigs. You can still make some profit if the rig does not devalue a lot.

Perhaps reach ROI for 50 percent and sell, will not gain profits. Maybe reach ROI of 60% then sell off the rig will make more sense, I think.

I will advice you to learn how to trade bitcoin with other currency. Bitcoin mining are for those that has large capital 

Bitcoin mining is not for the newbie. It is better to mine the altcoins with the graphics cards. They are much cheaper.

Mining with that specs of pc will be no longer for bitcoin mining , i strongly suggesting that don't try to mine anymore because it is not profitable with that kind of specs to mine bitcoin therefor you can't get back your ROI there thus just enjoy the speed and the specs of your gadgets chuchu.

With that kind  of spec of a pc then for sure  it would   not even reach roi for   6 months.lol. CPU and GPU mining  is  not possible  as of  todays when you intend to  mine bitcoin because  in order to mine bitcoin  you  should need Asic which are  commonly used now  to  mine bitcoin but still it would  not assured you to be profitable since  bitcoins difficulty is raised.

Not worth mining. Perhaps could mine Altcoins and sell it on exchanges such as Yobit for some Bitcoins. But if electricity prices are high, then it is totally not worth it.

It is better to mine the altcoin. It is more profitable than mining the bitcoin directly. The ROI is quite fast.

Can you add more details please? Like specs and what kind of altcoins are best?

Mining hardware are isn't that good when it come of mining bitcoin we really want to mine but its not profitable at all we our trying our best but we can't we luck off money and we canct just back our ROI at the time selling is much more profitable keep it up bud you will be reich someday.

i understand that mining bitcoin is not at all profitable,but what all coins can be mined using a decent desktop pc,i don't want to burn my pc for nothing,so what are the good coins which can be mined at home.