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Title: I have no idea what I am doing Post by: exshinigami85 on November 07, 2013, 06:35:09 PM Okay, I wanted to get into bitcoin so I went online and bought a butterfly jalapeno that is getting 7Ghs. I got it all setup and now I am getting namecoins. What do I do with those and how to I transfer them into my wallet. Eventually I want to get cash out of the BTC I earn, so how should I be doing that as well?
Title: Re: I have no idea what I am doing Post by: Gator-hex on November 07, 2013, 07:43:42 PM Namecoins have no real value as fast as I know.
To cash out your BTC you need to sell them on an exchange. www.MTgox.com is the most popular one. Title: Re: I have no idea what I am doing Post by: Ricke on November 07, 2013, 07:46:04 PM MtGox cash outs can take a very long time (https://bitcointalk.org/index.php?topic=179586.0).
Title: Re: I have no idea what I am doing Post by: greyhawk on November 07, 2013, 07:46:39 PM To cash out your BTC you need to sell them on an exchange. www.MTgox.com is the most popular one. And you only have to wait 22 months to get your Dollars with MtGox. Title: Re: I have no idea what I am doing Post by: odolvlobo on November 07, 2013, 08:03:26 PM Okay, I wanted to get into bitcoin so I went online and bought a butterfly jalapeno that is getting 7Ghs. I got it all setup and now I am getting namecoins. What do I do with those and how to I transfer them into my wallet. Eventually I want to get cash out of the BTC I earn, so how should I be doing that as well? Namecoin is a currency similar to bitcoins. I assume you are also getting devcoins. Anyway, you need to create a bitcoin wallet on your computer or at blockchain.info. bitcoin.org can help you decide which wallet you want. After you get the wallet set up, you can transfer the bitcoins to your wallet. Don't leave them in the pool's wallet too long. As for namecoin and devcoin, you also need to set up wallets for those. Those wallets are similar to the bitcoin-qt wallet. As for cashing out the bitcoins, Coinbase.com and LocalBitcoins.com are your best options if you are in the U.S. Cashing out the others is more complicated, but they are worth very little so there is no hurry. Title: Re: I have no idea what I am doing Post by: exshinigami85 on November 07, 2013, 08:20:43 PM Thanks for the info. How many bitcoins will i be earning a month with the 7Ghs on average?
Title: Re: I have no idea what I am doing Post by: DannyHamilton on November 07, 2013, 08:31:08 PM Thanks for the info. How many bitcoins will i be earning a month with the 7Ghs on average? Perhaps as much as 0.2 BTC per month? Here's a calculator you can use to play around with what you think difficulty will be in the future, and how much electricity costs you: http://www.bitcoinx.com/profit/ |