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Title: Getting Started to not make a profit Post by: aarothepharo on October 29, 2014, 03:56:02 PM I stumbled across bit coin mining. I do have a fast computer with an i7. I want to mine for bit coins on the side, Not to sell out at the current rate but to keep them. Maybe one day they will be worth over $10,000. Are there any external GPU that are worth the effort of mining bitcoins?
Title: Re: Getting Started to not make a profit Post by: Newar on October 29, 2014, 04:00:11 PM No. Compare https://en.bitcoin.it/wiki/Non-specialized_hardware_comparison vs. https://en.bitcoin.it/wiki/Mining_hardware_comparison Additional recommended reading: https://bitcointalk.org/index.php?topic=834356.0 https://bitcointalk.org/index.php?topic=828169.0 Title: Re: Getting Started to not make a profit Post by: aarothepharo on October 29, 2014, 04:10:14 PM No. Compare https://en.bitcoin.it/wiki/Non-specialized_hardware_comparison vs. https://en.bitcoin.it/wiki/Mining_hardware_comparison Additional recommended reading: https://bitcointalk.org/index.php?topic=834356.0 https://bitcointalk.org/index.php?topic=828169.0 I read them all. It gives me the idea that bit coin mining is not going on at all now? Title: Re: Getting Started to not make a profit Post by: RodeoX on October 29, 2014, 04:13:04 PM Mining is still going on, but it has gone to a new scale. You are not going to be profitable with a home computer. This is what a bitcoin mine looks like now:
http://cdni.wired.co.uk/620x413/a_c/Bitcoin_1.jpg Title: Re: Getting Started to not make a profit Post by: aarothepharo on October 29, 2014, 04:21:39 PM Thanks for the info. Looks like I am five years too late. Looks like if im interested in investing just for the possibility that a BTC might be worth 10,000usd one day, Ill just have to buy them.
Title: Re: Getting Started to not make a profit Post by: Etanllah on October 29, 2014, 05:33:47 PM Thanks for the info. Looks like I am five years too late. Looks like if im interested in investing just for the possibility that a BTC might be worth 10,000usd one day, Ill just have to buy them. You definitely want to buy them as opposed to mine them. Even buying 1 will get you pretty far. Then you can turn around and invest portions of that Bitcoin into different investments: cloud mining, personal loan lending (BTCJam), crypto stocks (coinsortium). Title: Re: Getting Started to not make a profit Post by: Neotox on October 29, 2014, 05:41:15 PM Thanks for the info. Looks like I am five years too late. Looks like if im interested in investing just for the possibility that a BTC might be worth 10,000usd one day, Ill just have to buy them. or you can do cloud mining or buy some asic hardwares to mine bitcoinsbut mining bitcoin with CPU or GPU is not possible now, you are late to the party Title: Re: Getting Started to not make a profit Post by: petersiddle98 on October 30, 2014, 03:38:47 AM I stumbled across bit coin mining. I do have a fast computer with an i7. I want to mine for bit coins on the side, Not to sell out at the current rate but to keep them. Maybe one day they will be worth over $10,000. Are there any external GPU that are worth the effort of mining bitcoins? Just buy a asic or buy BTC directly. You would get much more... Title: Re: Getting Started to not make a profit Post by: notlist3d on October 30, 2014, 12:07:11 PM Thanks for the info. Looks like I am five years too late. Looks like if im interested in investing just for the possibility that a BTC might be worth 10,000usd one day, Ill just have to buy them. You need a asic to stand any chance. If you have space and decent priced electricity its still possible to ROI, just much harder then it was. And GPU's and CPU's are impossible to ROI. |
