Bitcoin Forum

Other => Beginners & Help => Topic started by: Devnant on May 28, 2013, 05:04:28 PM



Title: Is community mining a good idea for newbies?
Post by: Devnant on May 28, 2013, 05:04:28 PM
Hi, Iīm really, really new at this, but I got the idea mining requires new and expensive hardware as bitcoin difficulty ramps up. Iīve also been studying those 50/60 Ghashes/sec ASIC miners, and they arenīt for sell anywhere (some place even unavailable for pre orders).

Where I live, thereīs also 100% import taxes fees, which makes the cost of importing ASIC miners for more than $20000 prohibitive, and given the nature of the bitcoin mining process, looks quite risky to spend about $40000 in investments that may become obsolete in the future.

So, to a guy like me, paying shares to join community mining projects would be the best way, or are there better alternatives to profit with mining?


Title: Re: Is community mining a good idea for newbies?
Post by: Birdy on May 28, 2013, 05:12:17 PM
One possible option is to buy shares on sites like https://btct.co/ or Bitfunder.


Title: Re: Is community mining a good idea for newbies?
Post by: Devnant on May 28, 2013, 06:27:09 PM
One possible option is to buy shares on sites like https://btct.co/ or Bitfunder.


Thanks!


Title: Re: Is community mining a good idea for newbies?
Post by: Preschoolv2 on May 28, 2013, 06:30:06 PM
you could always just buy a preorder.