Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: CryptoCurrencyInc.com on January 24, 2014, 03:14:26 PM



Title: How to mine bitcoins on your own
Post by: CryptoCurrencyInc.com on January 24, 2014, 03:14:26 PM
How to mine bitcoins on your own

Bitcoins act like cash, but they are mined like gold. So how does someone get into the current bitcoin rush?

If properly done and willing to take the investment risk, you could wind up with a few bitcoins of your own—which currently have an average weekly price of $945 on the largest bitcoin exchange.

http://cnb.cx/1d0FSkd


Title: Re: How to mine bitcoins on your own
Post by: boumalo on January 24, 2014, 05:40:24 PM
It is pretty hard to achieve ROI though, meaning to get more bitcoins that what the hardware costs because the difficulty is increasing exponentially.
Roughly, I would say that buying hardware around 15$/G right now will achieve ROI considering the money you get from selling your hardware; but it will decrease very rapidly in the coming months and if the bitcoin's price increase a lot you would have been better off buying bitcoins


Title: Re: How to mine bitcoins on your own
Post by: Johnny Bitcoinseed on January 25, 2014, 05:25:46 PM
Excellent, proven methods:

Mine coins by getting a job that pays fiat, then exchange that fiat for Bitcoins.  If you already have a job then simply find something you can do on the side that generates fiat and exchange that fiat for Bitcoin.

Alternatively, create something of value that people are willing to pay for using Bitcoins.

All time tested methods that will net you Bitcoin.  In effect, you are "mining" them.