Bitcoin Forum

hey i am new to bit coin, can i use my reg home dual core pc to mine.

No, mining is kind of pointless using a common computer used in your house.

You can either go and buy some mining rigs, or you could buy mining contracts online. However, you'd need a good amount to invest to actually make profits... Or, you could simply not mine at all.

welcome jamescbarrow
Some people don't consider the increases in difficulty when calculating ROI, be smart with this

First lesson, its bitcoin not bit coin.

It's Bitcoin not bitcoin.  :)
Anyway OP, forget about mining, in any way shape or form. Just convert your wealth into Bitcoin, or go search for some services to offer in the marketplace sobuforum. Thats how you get Bitcoin thse days. The dream of mining a lot of Bitcoin and going rich is over.

Mining isn't worth it anymore, unless you invest in the more expensive ASIC ones..which can be up to thousands of $$.

Hi, I'm also new to Bitcoin. What is the easiest way to earn some Bitcoins? :)

Not true. You can buy a Bitmain ANTMINER S3+ 453 GH/s miner right now for 0.528 BTC (about $172) and it will probably mine about 0.9 BTC




The easiest way to obtain bitcoins is to buy them.

Interesting, didn't know that. Thanks! How long would it take to mine .9 BTC though?

that answer really depends on how much performance you have.

but most dont have enough hardward to mine it, which takes at least more then a month.

Since the OP has a regular Dual Core processor, let's go with those specs?

i would just buy a cloud mining contract.

Most of the bitcoins will be mined in the first 6 months. Because of the increasing difficulty, the revenue falls every 2 weeks. Eventually, the electricity cost will exceed the revenue.

How did you get the 0.9 btc figure?

With an input of 453GH/s, 355W, $0.1 per kWh, 0% pool fee on https://bitcoinwisdom.com/bitcoin/calculator, it shows the miner will be able to mine ~0.17 btc if difficulty increment is 10%, ~0.37 btc if difficulty increment is 5%.

Don't bother with mining, buy ASIC miners or invest in cloud mining, just forget about mining with your pc.

0.9 is just revenue. It doesn't include any costs.

i wouldnt even try mining at all, just buy it when its cheap.

So it's not worth it, still, like I thought

no you can't
if you want to mine then you will need to buy bitcoin ASIC hardware and setup mining rig to mine bitcoins

Mining is not very useful just invest in more expensive ASIC and surely you will earn more !!!or just buy a cloud mining contract..BTC

there should be a sticky regarding to actual mining status

Mining is very useful. It creates new blocks, and so puts unconfirmed transactions into blockchain the ledger.

Mining is not very profitable, because of the high difficulty and the rapid increasing rate.
Please make sure you check a profit calculator and check the site trustworthiness before buying an ASIC or a cloud mining contract.

You may be can try to buy one bitcoin, then thinking what to do with it!