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Title: Mining Newbie Post by: floki86 on January 09, 2017, 08:55:52 AM Hi guys i am new to bitcoin mining. Although i have been doing lots of research on mining. But something is still not clear to me. I wish to join a pool. and my question is this. Do i need to get mining hardware other than my PC to join a mining pool? Also i want to mine for profit and my electricity is 24c/kWH. would like to know how profitable this can be. Thank you guys
Title: Re: Mining Newbie Post by: Roquene on January 09, 2017, 02:45:23 PM 24c/kwh? sorry, no chance.
At least not with a normal GPU. You can check profitability here: http://whattomine.com/ or here: http://www.coinwarz.com/cryptocurrency Title: Re: Mining Newbie Post by: paffie on January 09, 2017, 02:50:08 PM Hi guys i am new to bitcoin mining. Although i have been doing lots of research on mining. But something is still not clear to me. I wish to join a pool. and my question is this. Do i need to get mining hardware other than my PC to join a mining pool? Also i want to mine for profit and my electricity is 24c/kWH. would like to know how profitable this can be. Thank you guys I currently pay around 17 cents/Kwu, and there is no way of mining profitably for me, so i don't see any option to mine BTC when you pay 7 cents/Kwu more than i do... When talking about BTC (you're in the BTC mining subforum): - CPU mining has been obsolete for years - GPU mining has been obsolete for years - ASIC mining using older ASIC's has been obsolete for months The only thing that can actually make you any profit, is paying under 7-8 cents/Kwu, using an antminer S7, S9 or avalon 6 (or the new avalon miner whose name i cannot remember) while paying very little for this miner, transport, taxes, psu's, controllers, cables, shelves,... |