|
Title: Is it too late to get in the game? Post by: 5atthebeach on July 21, 2013, 07:14:34 PM I'm just learning about your world in the last few days. I stumbles across it while my son was looking at used gaming PC's and we came across one that was built for btc mining. So we researched what it is...
Geez I wish I had bought 100 jalapeņos last year. My son and I are considering getting in as a father son project. My choices seem like: 1. Buy a PRE-order 60 single and wait...losing the best capture opportunity in the next couple months but spending only a few thou. I'm worried that by the time I get it, I'll get frustrated with the payback. 2. Buying In-hand 60 for 10k...but worried that I'll NEVER recover the 10k. Seems like a ridiculous gamble. 3. Buying a severely over-priced jalapeņo in hand and call it cheap entertainment even if it never pays for itself. 4. Wait for a jalapeņo from BFL and call it really cheap entertainment but mine almost nothing. 5. Invest in btc and let someone else mine, but that defeats the father son time thing. Save my money, and buy some puzzles...lol, j/k really think this could be fun for us, cuz he's a gamer, and really into computers, and I love gambling, risk taking and investing. Plz give me some basic advice...is it too late??? Title: Re: Is it too late to get in the game? Post by: superresistant on July 21, 2013, 07:22:26 PM Build a GPU miner for altcoins with legos or fun stuff like that.
Trade the altcoins for bitcoins. Title: Re: Is it too late to get in the game? Post by: miffman on July 21, 2013, 07:34:32 PM getting to break even with mining is very difficult unless you get the miner for free :P
but yeah. Mine because it's fun and exciting and you keep the network secure, don't try to get rich from it. just my 2 satoshis Title: Re: Is it too late to get in the game? Post by: Garr255 on July 21, 2013, 07:39:06 PM Well, one choice is to buy used Jalapenos and recieve them in a few days as opposed to ~1 year.
Full disclosure: I am selling one here (https://www.bitmit.net/en/item/45869-in-hand-butterfly-labs-5-gh-s-jalapeno-bitcoin-miner) :P Additionally, you could invest in mining companies that already have hardware, so there's no setup hassle or worrying about maintaining the hardware yourself :) Title: Re: Is it too late to get in the game? Post by: Akka on July 21, 2013, 08:03:20 PM Well, IMO the times where you can make some serious profit with mining at home are over. It is becoming a serious business. But thats only normal. Every marked becomes more competitive as it grows and that the Small Private Businesses die out is also normal when a marked grows.
Don't expect to make some serious money mining. But if you want to get in as a father son project where you can spend time with you son and build something together have fun and maybe puts out a little bit of money, I would say buy some usb miners. You can setup a miner like this one: https://i.imgur.com/BJCe9a0.jpg At first, get it working some how. Next project could be to get a dedicated Raspberry Pi running for it, so you don't need you PC running. At next build a nice housing. Improve cooling to make it more silent. Always something to work on and have fun together and maybe even a little bit of profit. Title: Re: Is it too late to get in the game? Post by: tharude on July 21, 2013, 08:33:27 PM I'm just learning about your world in the last few days. I stumbles across it while my son was looking at used gaming PC's and we came across one that was built for btc mining. So we researched what it is... Geez I wish I had bought 100 jalapeņos last year. My son and I are considering getting in as a father son project. My choices seem like: 1. Buy a PRE-order 60 single and wait...losing the best capture opportunity in the next couple months but spending only a few thou. I'm worried that by the time I get it, I'll get frustrated with the payback. 2. Buying In-hand 60 for 10k...but worried that I'll NEVER recover the 10k. Seems like a ridiculous gamble. 3. Buying a severely over-priced jalapeņo in hand and call it cheap entertainment even if it never pays for itself. 4. Wait for a jalapeņo from BFL and call it really cheap entertainment but mine almost nothing. 5. Invest in btc and let someone else mine, but that defeats the father son time thing. Save my money, and buy some puzzles...lol, j/k really think this could be fun for us, cuz he's a gamer, and really into computers, and I love gambling, risk taking and investing. Plz give me some basic advice...is it too late??? It is not too late yet, but if you are looking for fast profit, you've missed the train. Diverse your investment to minimize your potential loses if you have any. Invest 33% by buying BTC directly, 33% in ASIC miner (or other) stocks and 33% in ASIC's. Behave, think and act as investor on a high risk market. Consider that 1 BTC can reach value of 1 or more mils per unit after 5-10 years (after it is being widely adopted) Take a look at KnC Miner https://www.kncminer.com/ (https://www.kncminer.com/) as they have better pricing for $/GH/s ratio and better chances to deliver in promised window than BFL. Also, the other way is to invest in GPU miners and mine some alts as LTC then trade them on some exchange for BTC or fiat. Title: Re: Is it too late to get in the game? Post by: 5atthebeach on July 21, 2013, 08:35:47 PM Well, IMO the times where you can make some serious profit with mining at home are over. It is becoming a serious business. But thats only normal. Every marked becomes more competitive as it grows and that the Small Private Businesses die out is also normal when a marked grows. Don't expect to make some serious money mining. But if you want to get in as a father son project where you can spend time with you son and build something together have fun and maybe puts out a little bit of money, I would say buy some usb miners. You can setup a miner like this one: https://i.imgur.com/BJCe9a0.jpg At first, get it working some how. Next project could be to get a dedicated Raspberry Pi running for it, so you don't need you PC running. At next build a nice housing. Improve cooling to make it more silent. Always something to work on and have fun together and maybe even a little bit of profit. What would you pay for a jalapeņo PRE-order? This farm you have a pic of looks expensive, real-estate consuming, and less profitable?!? Title: Re: Is it too late to get in the game? Post by: Akka on July 21, 2013, 08:44:54 PM What would you pay for a jalapeņo PRE-order? This farm you have a pic of looks expensive, real-estate consuming, and less profitable?!? That are USB miners and not jalapenos. One USB miner currently costs ~0.8 BTC. Once running they cost next to nothing for electricity. But they are not very providable. Running them is more of a play project than a serious operation. Title: Re: Is it too late to get in the game? Post by: JonnySmithers on July 21, 2013, 08:52:21 PM How much would you say the usb can mine per month? Can I use it on an average laptop without hurting it? (i have DELL XPS L511Z, Processor @ 2.80GHz)
Title: Re: Is it too late to get in the game? Post by: MrHempstock on July 21, 2013, 08:55:17 PM My daughter and I have had some fun setting up her PC to mine for Slush's pool. 200MH/s isn't too bad for when she's not using it. And we cranked up the manual fan speed control to keep the temps down.
I just purchased 2 ASIC USB sticks and we will set them up on another PC, since I think we will want BFGminer for them. instead of GUIminer, which is running on her PC. My 2 cents on your subject? The thing about ROI is by nature it's locked with the info or speculations made at the time of it's calculation. I personally hazard a guess that BTC will continue to rise and fall, with high volatility, while all the while consistently gaining value in the long term. I also think since media coverage and more widespread acceptance seem to be what increases BTC value, the more time progresses and each of these criteria come to pass more frequently, the faster the value will rise. So I will continue to acquire BTC in fun ways with my family (mining is funner than outright purchasing with USD for us) but based more on the fact that I believe in the success and future continuation of BTC. Any decent ROI calc today is out the window when the value of BTC changes sufficiently. But SO much effort goes into them every day lol! To sum it up - mining equipment will probably not net you a ROI, if calculated at this time. Unless you bought your jalepenos at MSRP and already had them in hand ;} Title: Re: Is it too late to get in the game? Post by: Birdy on July 21, 2013, 08:56:11 PM What would you pay for a jalapeņo PRE-order? This farm you have a pic of looks expensive, real-estate consuming, and less profitable?!? That are USB miners and not jalapenos. One USB miner currently costs ~0.8 BTC. Once running they cost next to nothing for electricity. But they are not very providable. Running them is more of a play project than a serious operation. I think they would be the best approach though as you are doing it for the fun. BFL did leave a lot of customers disappointed: long waiting times and defect products. If you want to take a risk for profit, just buy Bitcoins and hold them until they are worth enough (or crash and burn to zero ^^) Title: Re: Is it too late to get in the game? Post by: Tolek on July 21, 2013, 10:59:55 PM I suggest you buy them used; a lot cheaper and faster shipping.
Title: Re: Is it too late to get in the game? Post by: GregoryNeal on July 21, 2013, 11:19:24 PM I just got in the game as well. Working on a site/service I will launch soon.
Nver to late I guess. Title: Re: Is it too late to get in the game? Post by: 5atthebeach on July 22, 2013, 01:20:43 AM Well, IMO the times where you can make some serious profit with mining at home are over. It is becoming a serious business. But thats only normal. Every marked becomes more competitive as it grows and that the Small Private Businesses die out is also normal when a marked grows. Don't expect to make some serious money mining. But if you want to get in as a father son project where you can spend time with you son and build something together have fun and maybe puts out a little bit of money, I would say buy some usb miners. You can setup a miner like this one: https://i.imgur.com/BJCe9a0.jpg At first, get it working some how. Next project could be to get a dedicated Raspberry Pi running for it, so you don't need you PC running. At next build a nice housing. Improve cooling to make it more silent. Always something to work on and have fun together and maybe even a little bit of profit. What would you pay for a jalapeņo PRE-order? This farm you have a pic of looks expensive, real-estate consuming, and less profitable?!? GPU miners and last as LTC...could you or someone plz elaborate as to what these are...and how to mine? Sorry, this noob isn't familiar. Title: Re: Is it too late to get in the game? Post by: fildza on July 22, 2013, 01:29:55 AM Well, IMO the times where you can make some serious profit with mining at home are over. It is becoming a serious business. But thats only normal. Every marked becomes more competitive as it grows and that the Small Private Businesses die out is also normal when a marked grows. Wow, really invest into itDon't expect to make some serious money mining. But if you want to get in as a father son project where you can spend time with you son and build something together have fun and maybe puts out a little bit of money, I would say buy some usb miners. You can setup a miner like this one: https://i.imgur.com/BJCe9a0.jpg At first, get it working some how. Next project could be to get a dedicated Raspberry Pi running for it, so you don't need you PC running. At next build a nice housing. Improve cooling to make it more silent. Always something to work on and have fun together and maybe even a little bit of profit. Title: Re: Is it too late to get in the game? Post by: gdpone on July 22, 2013, 01:53:09 AM All I know is im kicking myself in the butt today after even having heard of BTC back in like '11 and I didnt jump on it then. Dismissed it as a fools errand. But now im getting into it too with those USB miners. With all the math ive done, it pretty much comes down to the fact they wont net you a lot, if anything. You would have to buy them cheaper than they are selling on ebay right now, run them off a Pi, and not count the extra costs of USB hubs + the Pi in order to see a profit.
However as a learning experience or whatever you want to call it, they are pretty cool. Title: Re: Is it too late to get in the game? Post by: bolasoda on July 22, 2013, 01:56:18 AM I would do as some other people have suggested and mine alts. Then convert that into BTC and there you go. If done correctly, it could net profit and it would require time.
Title: Re: Is it too late to get in the game? Post by: Flying Hellfish on July 22, 2013, 03:04:33 AM GPU miners and last as LTC...could you or someone plz elaborate as to what these are...and how to mine? Sorry, this noob isn't familiar. GPU miner is typically a build yourself rig Using AMD graphics cards (GPU's) as the source of computing power for mining. Buy the components (mobo, HD, CPU, Ram, graphics cards, PSU, OS etc) mash them all together in a milk crate or open air custom frame/case download a miner program set up a pool account and start mining. Unfortunately it really isn't economically sound right now to purchase and set up GPU rigs for BTC. What a lot of people are doing is shifting their GPU rigs or building new ones to mine alt coins (which are usually similar to BTC in that they are digital currencies but also differ in some ways). Litecoin (LTC) is the second largest coin and the largest alt coin currently (at least according to market cap). LTC uses a different algorithm than BTC and at present time no known FPGA or ASIC miners exist for LTC (although there are reports FPGA's are being designed for LTC). I built a GPU rig a few months ago and have been happily mining away LTC. I have traded some of the mined LTC for BTC through an exchange and have kept some LTC as a bit of a bullish bet on the coin itself! I wish my son was old enough to have helped me build my rig it would have been great father son time! The bonus for your son is if you spend a few extra bucks on some of the components, having a PC with a few GPU's would make a pretty sick gaming rig! You guys can game, learn/teach him how to build a computer from just the components, mine a digital currency and convert to BTC learning some trading practices along the way. You won't make millions but the rig should pay for itself eventually! Title: Re: Is it too late to get in the game? Post by: 5atthebeach on July 22, 2013, 05:21:27 AM GPU miners and last as LTC...could you or someone plz elaborate as to what these are...and how to mine? Sorry, this noob isn't familiar. GPU miner is typically a build yourself rig Using AMD graphics cards (GPU's) as the source of computing power for mining. Buy the components (mobo, HD, CPU, Ram, graphics cards, PSU, OS etc) mash them all together in a milk crate or open air custom frame/case download a miner program set up a pool account and start mining. Unfortunately it really isn't economically sound right now to purchase and set up GPU rigs for BTC. What a lot of people are doing is shifting their GPU rigs or building new ones to mine alt coins (which are usually similar to BTC in that they are digital currencies but also differ in some ways). Litecoin (LTC) is the second largest coin and the largest alt coin currently (at least according to market cap). LTC uses a different algorithm than BTC and at present time no known FPGA or ASIC miners exist for LTC (although there are reports FPGA's are being designed for LTC). I built a GPU rig a few months ago and have been happily mining away LTC. I have traded some of the mined LTC for BTC through an exchange and have kept some LTC as a bit of a bullish bet on the coin itself! I wish my son was old enough to have helped me build my rig it would have been great father son time! The bonus for your son is if you spend a few extra bucks on some of the components, having a PC with a few GPU's would make a pretty sick gaming rig! You guys can game, learn/teach him how to build a computer from just the components, mine a digital currency and convert to BTC learning some trading practices along the way. You won't make millions but the rig should pay for itself eventually! My son is looking for a computer right now for gaming...maybe we should consider this when buying a computer...what should I look for in a PC other than what he will be already looking for in a gaming PC? Title: Re: Is it too late to get in the game? Post by: davepsilon on July 22, 2013, 05:32:40 AM I would be very pessimistic about the future value you can extract from any mining rig, even an ASIC one - you can't just linearly extrapolate.
Given that you want a father-son project I recommend building a computer with a GPU that can be used for gaming and mining with it when it is not gaming. It won't make you rich, in fact it could end up costing you after power, but unlike an asic miner it has alternative utility. Join a mining pool and you will start collecting a small pile of btc. Title: Re: Is it too late to get in the game? Post by: superresistant on July 22, 2013, 08:18:31 AM If you aim to make a GPU mining rig, here are some useful links :
http://bitcoin.clarkmoody.com/ It is always good to know the evolution of the price of bitcoin. You can estimate the time for buying or selling them. https://en.bitcoin.it/wiki/Mining_hardware_comparison It contain all the data concerning the hardware. The mining Hash Rate (speed) is in Mhash/s for SHA256 while the scrypt is in Khash/s. The numbers for scrypt are about the same (a bit less) as SHA256 so if it say 200 Mhash/s, you can convert to 180-200 Khash/s. Only GPU can do all algorithm. http://coinchoose.com/ The best comparator for altcoins. As you can see, some altcoins can be 4 times more profitable than bitcoins but only for a while. https://www.cryptsy.com/ On this place you can easily exchange all altcoins for bitcoins or litecoins. https://inputs.io/wallet An online wallet for bitcoins. https://just-dice.com/ Gamble your bitcoins for immediate profit or invest them in the bankroll. Have fun. Title: Re: Is it too late to get in the game? Post by: NoDisco on July 22, 2013, 02:25:31 PM So are Bitcoin & Litecoin the only true crypto currencies right now and everything else is a spin-off?
Title: Re: Is it too late to get in the game? Post by: superresistant on July 22, 2013, 02:33:29 PM So are Bitcoin & Litecoin the only true crypto currencies right now and everything else is a spin-off? There is no true or not-true crypto currencies. There is just differences that make you prefer one or another. Title: Re: Is it too late to get in the game? Post by: Birdy on July 22, 2013, 02:35:52 PM So are Bitcoin & Litecoin the only true crypto currencies right now and everything else is a spin-off? Litecoin is more of an spinoff than Altcoins like PPCoin or Primecoin that try to add a real advantage. Okey Litecoin has scrypt, at least ot's not a 100% copy. Title: Re: Is it too late to get in the game? Post by: NoDisco on July 22, 2013, 02:42:45 PM So are Bitcoin & Litecoin the only true crypto currencies right now and everything else is a spin-off? There is no true or not-true crypto currencies. There is just differences that make you prefer one or another. Also, I looked at that list on coinchoose and clicked through to one of the new altcoins. I then clicked a link to do with the block number (or something) and it took me through to the litecoin blockchain. So it looked like it was piggy-backing off litecoin tech? Title: Re: Is it too late to get in the game? Post by: Inedible on July 22, 2013, 02:56:01 PM So are Bitcoin & Litecoin the only true crypto currencies right now and everything else is a spin-off? There is no true or not-true crypto currencies. There is just differences that make you prefer one or another. Also, I looked at that list on coinchoose and clicked through to one of the new altcoins. I then clicked a link to do with the block number (or something) and it took me through to the litecoin blockchain. So it looked like it was piggy-backing off litecoin tech? Anything but Bitcoin is an alternative crypto currency. Altcoin is a portmanteau of alternative coin. They all derived from Bitcoin so everything else is an altcoin. Litecoin just happens to have better traction so is therefore referred to as Litecoin bit it is also an altcoin. Title: Re: Is it too late to get in the game? Post by: pheaonix on July 22, 2013, 03:51:15 PM spend at least two months learning before spending any money.
you will learn a LOT and wind up making a lot of cash. be frugal and be cautious. Title: Re: Is it too late to get in the game? Post by: btcbonanza on July 22, 2013, 06:49:10 PM That is one badass usb mining rig.
Title: Re: Is it too late to get in the game? Post by: MattPeck on July 22, 2013, 09:54:04 PM I'm just learning about your world in the last few days. I stumbles across it while my son was looking at used gaming PC's and we came across one that was built for btc mining. So we researched what it is... Geez I wish I had bought 100 jalapeņos last year. My son and I are considering getting in as a father son project. My choices seem like: 1. Buy a PRE-order 60 single and wait...losing the best capture opportunity in the next couple months but spending only a few thou. I'm worried that by the time I get it, I'll get frustrated with the payback. 2. Buying In-hand 60 for 10k...but worried that I'll NEVER recover the 10k. Seems like a ridiculous gamble. 3. Buying a severely over-priced jalapeņo in hand and call it cheap entertainment even if it never pays for itself. 4. Wait for a jalapeņo from BFL and call it really cheap entertainment but mine almost nothing. 5. Invest in btc and let someone else mine, but that defeats the father son time thing. Save my money, and buy some puzzles...lol, j/k really think this could be fun for us, cuz he's a gamer, and really into computers, and I love gambling, risk taking and investing. Plz give me some basic advice...is it too late??? So I am wondering the same thing being new to the game... Some of the best advice I have is to diversify... meaning buy some coins as well as purchase a rig. Because I am not 100% confident in building my own, I am leaning towards getting the Mercury from KnC... BFL has a seriously bad rap here on the forum, and even though they claim they are sending out 300+ a day, it just doesn't seem to be trickling down here. My two cents... Title: Re: Is it too late to get in the game? Post by: RangerTwentyTwo on July 22, 2013, 11:36:52 PM Indeed I believe you are a little bit late to earn anything from a home project, regardless there is an abundance of things you could do for a bit of fun whilst earning a small amount :)
Title: Re: Is it too late to get in the game? Post by: timk225 on July 23, 2013, 04:30:19 PM When you see anyone selling their ASIC or FPGA or Jalapeno USB miner, you must ask yourself WHY they are selling it.
If they were making any type of reasonable profit they'd let it ride. I'm kinda late to the Crypto-currency game, but I was able to work eBay for some really good deals on GPUs. CGminer has been an EXTREME pain in the butt for me and it still won't work right, and I have stopped mining BitCoins because of the difficulty. It is NOT easy to set up and get running! The only miner I have ever seen work right is BitMinter, and that's for BTC only. I'm looking at going one of 2 ways: 1. Mine altcoins and trade for BTC and sell them to exchanges and get $CASH$ for them. 2. Stop mining altogether, build myself an awesome gaming PC from some of the parts, sell the rest on eBay, and currency trade various coins as an investment. I have played the stock market a little, and I notice that crypto-currency trading is quite arbitrary, the prices seem to rise and fall with few outside factors influencing them. Although I know that in the past few weeks alone I could have made some nice money just buying and selling LiteCoins. Title: Re: Is it too late to get in the game? Post by: 5atthebeach on July 25, 2013, 12:48:16 AM Trading BTC and LTC...how and where do you buy/sell the currency/stock?
Title: Re: Is it too late to get in the game? Post by: hacker102 on July 25, 2013, 12:53:40 AM Well, IMO the times where you can make some serious profit with mining at home are over. It is becoming a serious business. But thats only normal. Every marked becomes more competitive as it grows and that the Small Private Businesses die out is also normal when a marked grows. Don't expect to make some serious money mining. But if you want to get in as a father son project where you can spend time with you son and build something together have fun and maybe puts out a little bit of money, I would say buy some usb miners. You can setup a miner like this one: https://i.imgur.com/BJCe9a0.jpg At first, get it working some how. Next project could be to get a dedicated Raspberry Pi running for it, so you don't need you PC running. At next build a nice housing. Improve cooling to make it more silent. Always something to work on and have fun together and maybe even a little bit of profit. What would you pay for a jalapeņo PRE-order? This farm you have a pic of looks expensive, real-estate consuming, and less profitable?!? Very nice one!! :) Title: Re: Is it too late to get in the game? Post by: Lambo06 on July 25, 2013, 01:02:31 AM very nice set-up up there ^ :)
Title: Re: Is it too late to get in the game? Post by: Cryptos2go on July 25, 2013, 02:28:06 AM I'm just learning about your world in the last few days. I stumbles across it while my son was looking at used gaming PC's and we came across one that was built for btc mining. So we researched what it is... Geez I wish I had bought 100 jalapeņos last year. My son and I are considering getting in as a father son project. My choices seem like: 1. Buy a PRE-order 60 single and wait...losing the best capture opportunity in the next couple months but spending only a few thou. I'm worried that by the time I get it, I'll get frustrated with the payback. 2. Buying In-hand 60 for 10k...but worried that I'll NEVER recover the 10k. Seems like a ridiculous gamble. 3. Buying a severely over-priced jalapeņo in hand and call it cheap entertainment even if it never pays for itself. 4. Wait for a jalapeņo from BFL and call it really cheap entertainment but mine almost nothing. 5. Invest in btc and let someone else mine, but that defeats the father son time thing. Save my money, and buy some puzzles...lol, j/k really think this could be fun for us, cuz he's a gamer, and really into computers, and I love gambling, risk taking and investing. Plz give me some basic advice...is it too late??? Hello 5atthebeach, Like many others I just started with all this about the end of may. Mining Litecoins at a pool with my single hd 6970 was producing about 0.75 Litecoins (LTC) per day. During the next week I read as much as I could and went from the single HD 6970 to 2 dedicated GPU mining rigs consisting of 6 HD 7950's total, running headless (no monitor) on BAMT (specialized free operating system for coin mining). This modest 2 rig setup mines scrypt coins like LTC at about 4mh/s. Each of the 6 hd 7950's also came with game bundles as a promotion, which I sold on eBay (all but 1 that I kept for myself.) The game promotion is coming to and end but it can significantly reduce the cost of the cards if sold. I have yet to mine a single Bitcoin but I have traded other coins for Bitcoin on the exchanges. If I were to trade all the other coins I have mined in the last month for Bitcoin today, they would be worth about 8 Bitcoin. In other words my first full month has (theoretically) made about 22% ROI not counting the ~$60.00 increase to my power bill. I am fortunate to have cheap power here @ $.05kw/h. As mentioned in the 1st reply to this thread, ALT coins can be a great way to get into BTC while learning about the different coins and how the exchanges work along the way. Only having low to moderate computer knowledge made it a bit of a challenge along the way and I would have never succeeded if it weren't for the excellent guides readily provided by others. That being said I'll try and post some links that I found/find useful. Consolidated Litecoin Mining Guide for 5xxx, 6xxx, and 7xxx GPUs: https://bitcointalk.org/index.php?PHPSESSID=1f8c11f1558f2829cd4d6d71220b2f9d&topic=117221.0 Bitcoin Mining Rigs | How to Build a Litecoin or Bitcoin Mining Rig: http://www.coinminingrigs.com/ Litecoin BAMT - Easy USB bootable mining Linux distro: https://forum.litecoin.net/index.php/topic,2924.0.html Manotechnology: CGWatcher, a GUI/monitor for CGMiner and BFGMiner: http://manotechnology.blogspot.com/p/cgwatcher.html http://coinmarketcap.com http://www.coinchoose.com http://www.coinwarz.com/cryptocurrency https://btc-e.com https://www.cryptsy.com https://coinbase.com Anyway hope that is of some help. It's definitely not too late. OK that's my first post, hopefully it will qualify me for parole in a few hours ;) Title: Re: Is it too late to get in the game? Post by: BtcJunkie on July 25, 2013, 07:06:10 AM no its never too late to get in the game. The price will fluctuate a little but soon the price will be going up because there will be less and less bitcoins coming into circulation.
now is probably the best time to get in the game. Title: Re: Is it too late to get in the game? Post by: aklintsevich on July 25, 2013, 01:41:44 PM It's too late too start mining. Don't waste your money! By the time you get your mining machines the hash rate will be so high that it wouldn't be profitable to mine.Look up the chart for how fast the hash rate is increasing http://blockchain.info/charts/hash-rate (http://blockchain.info/charts/hash-rate)
Title: Re: Is it too late to get in the game? Post by: Chugaa on July 25, 2013, 02:06:47 PM Well, IMO the times where you can make some serious profit with mining at home are over. It is becoming a serious business. But thats only normal. Every marked becomes more competitive as it grows and that the Small Private Businesses die out is also normal when a marked grows. Awesome setup, very impressive indeed :PDon't expect to make some serious money mining. But if you want to get in as a father son project where you can spend time with you son and build something together have fun and maybe puts out a little bit of money, I would say buy some usb miners. You can setup a miner like this one: https://i.imgur.com/BJCe9a0.jpg At first, get it working some how. Next project could be to get a dedicated Raspberry Pi running for it, so you don't need you PC running. At next build a nice housing. Improve cooling to make it more silent. Always something to work on and have fun together and maybe even a little bit of profit. |
