Bitcoin Forum

Bitcoin => Mining support => Topic started by: gelar24 on July 24, 2014, 07:37:10 PM



Title: [HELP] tips tricks in mining coin
Post by: gelar24 on July 24, 2014, 07:37:10 PM
I am still a newbie in the world of mining :)

anyone want to explain? tips tricks how to mine?

suppose that the new coins, and the number of coins issued by its dev and other factors ??


Title: Re: [HELP] tips tricks in mining coin
Post by: zvs on July 24, 2014, 11:04:33 PM
I am still a newbie in the world of mining :)

anyone want to explain? tips tricks how to mine?

suppose that the new coins, and the number of coins issued by its dev and other factors ??
A newbie with 278 posts?  wtf...

You don't need to know how to mine unless you want to treat it as an expensive hobby.  Companies will sell ASICs when profit is greater from that than from mining. 

You could possibly turn a small profit, but the majority of that wouldn't be from the mining...  it'd be because you found some sap to buy it off you used for nearly what you paid for it.


Title: Re: [HELP] tips tricks in mining coin
Post by: Connor936 on July 25, 2014, 12:00:02 AM
My advice is to not try it.

Mining is very competitive and at current prices you will probably not ROI


Title: Re: [HELP] tips tricks in mining coin
Post by: notlist3d on July 25, 2014, 03:22:39 AM
Have cheap electricity, and get products in stock.  Don't pre-order a half a year away a lot can change.  Also there is hosted miners that you can do if you don't have cheap electricity.

Electricity/heat/space for miner are things to look at when deciding mining at home vs hosted.  

There is no real trick, just research and adding up figures.