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Title: Trying to get into Bitcoin mining Post by: Funjando on December 30, 2013, 03:39:55 PM Hi, I'm trying to get into Bitcoin mining, I was thinking of buying one of these Block Erupter Blades but i'm a little bit confused on how to set them up, does anyone know how or perhaps a better mining system?
Thanks in advance Title: Re: Trying to get into Bitcoin mining Post by: Welsh on December 30, 2013, 03:44:23 PM A better mining system depends how much you are willing to spend. Acquiring a Block Erupter is not going to bring much profit if any at all. The difficulty is way to high for many of the mining equipment to be worthwhile. If you have a substantial amount of money to invest that's the only way you can benefit in mining Bitcoin. Unless, it's purposely for educational reasons. There are a lot of tutorials and videos of setting up a block erupter over at places such as youtube. Go check them out if you are still interested.
Title: Re: Trying to get into Bitcoin mining Post by: maciekg333 on December 30, 2013, 03:51:17 PM Better way to start mining are "scrypt" coins because it don't need expensive hardware, only GPUs :). And if cryptocurrency mining will not be longer profitable you can sell GPUs but you don't sell worthless Bitcoin erupters. I also building my mining rig and I'm using only GPUs :).
Good luck with mining your coins ;). Title: Re: Trying to get into Bitcoin mining Post by: bitconnect on December 30, 2013, 03:53:01 PM look towards mining other cryptocurrency ex. litecoin
http://www.cryptobadger.com/build-your-own-litecoin-mining-rig/ http://www.coinminingrigs.com/how-to-build-a-6-gpu-mining-rig/ Title: Re: Trying to get into Bitcoin mining Post by: minerman123 on December 30, 2013, 04:05:51 PM Only way to mine bitcoins anymore is being part of an ASIC cartel.
Title: Re: Trying to get into Bitcoin mining Post by: corkz on December 30, 2013, 04:10:57 PM I second the advice above. You can "mine" bitcoin indirectly by mining an alternative scrypt coin and trading to btc. Litecoin is the most valuable, but not necessarily the most lucrative to mine at the moment. Dogecoin exploded for a while and brought much profit for a while. I don't want to post links but googling alt coins, and altcoin pools will help get a better understanding.
There just isn't any money to be made directly in bitcoin mining at this part of the game, but profits can still be made in scrypt mining. Possible some of the CPU only alt coins as well, though I personally have not dabbled in those. corkz Title: Re: Trying to get into Bitcoin mining Post by: Funjando on December 30, 2013, 09:04:17 PM Awesome, thanks for all the answers! I'll look into these alternate currencies.
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