Bitcoin Forum

Other => Beginners & Help => Topic started by: onemanarmybtc on November 05, 2013, 09:17:45 PM



Title: Newbie Question About Mining
Post by: onemanarmybtc on November 05, 2013, 09:17:45 PM
Hi All,

I am excited to join the bitcoin community.

Can anyone recommend the best mining tools out there?


Title: Re: Newbie Question About Mining
Post by: jerelimZ on November 05, 2013, 09:27:55 PM
Can anyone recommend the best mining tools out there?


I can recommend KNC. I received the unit and it is hashing bit faster than they promised

But cost is high for buying today and you have to wait over month to receive


Title: Re: Newbie Question About Mining
Post by: Kimowa on November 06, 2013, 12:44:53 AM
Hi All,

I am excited to join the bitcoin community.

Can anyone recommend the best mining tools out there?

But I have to warn you that, its not easy to ROI for any mining equipment. Make sure you did a lot of research before buying 1...


Title: Re: Newbie Question About Mining
Post by: anhpt192 on November 06, 2013, 01:17:35 AM
Can anyone recommend the best mining tools out there?


I can recommend KNC. I received the unit and it is hashing bit faster than they promised

But cost is high for buying today and you have to wait over month to receive

thanks


Title: Re: Newbie Question About Mining
Post by: SP4RK7 on November 06, 2013, 02:39:01 AM
Like the previous poster stated mining BTC is now very expensive and your not guaranteed to make a return on what you spent on the mining equipment as the difficulty rises too fast. It is probably wiser to invest that money directly into buying BTC on an exchange and hopefully make a profit as the price rises.

If your interested in getting into mining, it would probably make more sense to look at some of the newer coins that can still be mined with a GPU or CPU. There is plenty of information about alternative crypto's on this forum, it's an interesting way to learn about crypto's and how they work as well :)


Title: Re: Newbie Question About Mining
Post by: nahtnam on November 06, 2013, 02:40:23 AM
Welcome. I see that others have already mentioned companies so I am just going to tell you that you will need to invest more than 2500 dollars before you can get equipment that will reach roi.


Title: Re: Newbie Question About Mining
Post by: onemanarmybtc on November 07, 2013, 04:51:20 AM
Thanks guys. I am looking into litecoins and built a small rig this week. I am a developer enthusiast and work with many APIs that have allowed to create some small pieces of code to monitor and work with my miner. I am wondering if there is market for mining monitoring tools out there for crypto miners.