Bitcoin Forum

I want to mine Bitcoin than what will be the Best Mining Machines or Graphics card that I can buy for future cause I am just trying to save Money and but either Mining machines or Masternodes. Masternodes are also too much expensive too.

1st read https://bitcointalk.org/index.php?topic=2415854.0 mainly point-3
In short only ASIC-based miners can mine BTC

You can not mine bitcoin with graphics card profitably, gone are the days, the mining difficulty has increased more and more. If you want to mine bitcoin, you need ASIC.

Before going into mining, make sure that you do the profitability calculation to make sure that you will mine profitably, especially by checking the electricity the mining machine and other equipments you want to buy will consume per certain time period and the cost of electricity in your location, comparing it with the expected reward from the mining pool that you joined. Mining equipments cost will also be calculated along.

Having a masternode will not mine Bitcoin like other said only ASIC based units can mine BTC.
Masternodes are POS and you can only generates coin through staking not mining.

If you are looking for cheap ASIC units I suggest you check canaan.io you can also buy miner in Bitmain but it's a bit expensive.

you can't Mine bitcoin with a graphics card, GPU price is indicated to decline but there is not much coin left to be profitable as ETH is currently PoS. and running masternode is very expensive since you need to lock huge amounts of coin first, and then the cost of server cost month is more than 100$ since masternode always need a better VPS Spec

   I think the best miner I can recommend is Bitmain Antminer KA3, iBElink BM-K3, Bitmain Antminer HS3, and others.

These are just a few in my opinion that can help you start mining here in the crypto space. It's just important that you avoid buying bitcoin mining machines if you don't want to regret it later.

Then I don't know if the grahics card can mine? as far as I know it is not possible.

You shouldn't be mining bitcoin right now; it was more profitable to do so a few years ago. Instead, you should invest in bitcoin by purchasing it when its price is low and holding onto it until its value increases later.
Right now, it's too late to mine bitcoin.

No it is NOT too late to mine BTC -- provided you have access to very cheap power. The only problem is that most folks have power that costs too much to do it profitably. Power costs have always been the limiting factor so nothing new there but until BTC prices go up it certainly has become more of an issue for most folks.

Other than the cheap electricity mentioned above, you can also wait until the difficulty becomes much lower if you really want to mine and make a profit out of it. The bad news is, nobody knows just how much lower it will go, or if it will ever be at all. I've seen some news talking about miners selling all of their BTC just to keep mining, but it's hard to know how much is the truth on that report since we don't see any change in difficulty yet.

There are many tools that you can use to check them out. I suggest visiting the altcoin board for more details. For example, whattomine is a website that you can use to see which coin is mineable and how much profit you can earn daily if you use GPU A or B. While the cost is arguably lower, if you want to make a profit quickly, maybe you should look for other alternatives. CMIIW.

Mate the revenue of mining profits is directly depends on the rate of electricity and your investment because of now a days Asic machines that using SHA256 algo taking between 2500 to 3000 watts from 60th to 100th so if you have cheap electricity and a good amount i suggest to buy s19 and make daily profits .

Actually this could still be used as a good time to mine, even though it's a little late and basically it would have been nice to do mining a few years ago, but now it's still said to be a good opportunity to mine and make these mining products to be used as assets. investment later. To get maximum results and benefits, you need to pay attention in terms of electricity costs, if costs are still very low in your area, then this will still be a good time to mine, once again we say that this is not too late to mine Bitcoin .

The recent surge in Bitcoin prices is definitely a positive for bitcoin mining. Miners will usually be profitable when the price of Bitcoin increases. For Bitcoin mining a miner needs to know some things well. A miner in particular will need a mining hardware for mining which we commonly know as ASICs. Nowadays various types of ASICs can be found. These devices are very necessary and expensive for mining. However, the cost will be slightly lower for those who use the entry-level components. Before Mining you need to keep some things in mind. Electricity is an important issue for mining bitcoin. In that case you need to think carefully whether you can create the mining environment or not. After you purchase the equipment, if you are unable to provide the necessary electricity, you may face huge losses.

Actually, because of their high electricity requirements, cryptocurrencies are difficult to mine these days. If you decide to mine a bitcoin, for example, as you might have done in the past, you may end up wasting time and energy and incurring losses that are difficult to recover from.
The complexity of mining bitcoin keeps increasing.

Why not just mine alt crypto and convert them to Bitcoin? That's more efficient and saves you the hassle of hardware.

Well, situations are different. If you get old cards (with sufficient performance) and cheap electricity (or even free  :)) on the cheap, then there may be economic feasibility.



But as per the old tradition, such services slightly underpay profits (to put it mildly) to their users for using their capacities. Due to this, the profitability of their service is built. Also, there will be a limit on the minimum withdrawal amount. That is, in order to withdraw the bitcoin (of course, only a small part) you have mined, you will first need to accumulate a certain amount of them, otherwise it will remain on the balance of the service, like NiceHash.

Definitely. Sacrifice profits for convenience, and they have to pay their staffs as well. And of course most GPU mining ain't profitable unless you're doing it with free electric source.

NiceHash's minimum withdraw amount is at 5,000 Sats.

Mining Bitcoin is not easy now a days and if you have a good space with good investment then you can go with Mining bitcoin but I suggest you go invest in bitcoin instead of BItcoin mining .

you will get good return through investing in bitcoin rather then Mining.

The thing is that some users get a good kick/fun out of it. They just like tech in general and love to tinker with the hardware, which makes them occupied in a way, more involved, and feel like they're under control. I was like that a few years back, always been with hardware, especially when it comes to GPUs and CPUs, but now I'm just lazy.  :D

Yes, of course having maximum knowledge is the key to being able to do mining, knowledge and knowledge are important factors here as well as the capital that you will issue to maximize your mining more effectively and efficiently.
maybe at this time it is very appropriate to mine using Asic, this Asic is performing optimally and staying focused on Crypto mining, this is a good first step to mining.

.....  ::)
Folks, how many times must it be said here: -- VIDEO CARDS ARE BEYOND USELESS FOR MINING BTC.
Can they be used? For shits & grins general farting around for fun, yes. Just do not expect to ever make any money using them. Unless you happen to be very very very very very very lucky and hit a solo mining lotto you will be losing money by trying to mine BTC with video cards.

If you want to mine bitcoin, maybe you should try to take a look at it first dude before you decide what you want to do, at least you have an idea if what you are doing is right or wrong. This is the link https://www.nicehash.com/blog/post/how-to-start-mining-bitcoin-in-2022


And what do you think is the best choice for altcoin mining? Do you have any suggestions on this matter?

Oh bro you can mine Bitcoin by several methods and some of there are listed below.
1. Buy your 9wn mining machines
2. Run a powerful Masternodes like Dàsh Masternodes
3. Make investment in mining companies.
These are the simple ways to earn passive income.

Yes, masternodes can be expensive to set up, as they typically require a significant amount of cryptocurrency to be held as collateral in order to participate in the network. The amount of cryptocurrency required can vary depending on the specific cryptocurrency and the current market conditions.

 when it comes to Bitcoin mining, the best machines for mining Bitcoin are ASIC (Application-Specific Integrated Circuit) miners. These machines are specifically designed to mine Bitcoin and are more efficient at this task than other types of hardware. Some of the most popular ASIC miners for Bitcoin mining include Antminer S19 Pro, Bitmain Antminer S9, and Whatsminer M30S++.

Graphics cards, on the other hand, are typically used for mining other cryptocurrencies that are more suitable for GPU (Graphics Processing Unit) mining, such as Ethereum. Some popular graphics cards for mining include NVIDIA GeForce RTX 3080, AMD Radeon RX 6800 XT, and NVIDIA GeForce GTX 1660.

It's true that masternodes are also very expensive. The machines and other equipment you need to buy for mining are very expensive.But the question is whether mining will be profitable? The amount of money you want to spend on mining, what is the probability of getting that money back with profit.Because the price of Bitcoin is very low.  For the past two years, the Bitcoin market has been observing the same position.  It is also not sure when Bitcoin will pump, so will it be possible to make good profit by mining Bitcoin.It is normal that miners will usually profit if the price of Bitcoin rises but if the market pumps more then.  Therefore, it is necessary to do a good analysis first.