Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: chirupte on February 16, 2017, 05:40:43 PM



Title: Mining still worth it?
Post by: chirupte on February 16, 2017, 05:40:43 PM
Hello there,
thought about starting to mine bitcoin, but someone told me that vit it not worth it anymore because of the high mining difficulties.
My second question is how i should start, if i want to mine.
I mean: What miner is the best for beginners and what software should i use?
Thanks in advance,
Vincent aka chirupte


Title: Re: Mining still worth it?
Post by: unholycactus on February 17, 2017, 03:07:35 AM
Profitability on mining depends on your electricity cost. Unless it's very low, you probably can't run a profitable operation (<0.05$USD/kWh).
If you want to start mining, I suggest looking at miners available around you, since a good portions of costs will be shipping and import taxes.
Software is usually integrated with the hardware if it's an ASIC so you don't have to worry about it.


Title: Re: Mining still worth it?
Post by: eaLiTy on February 18, 2017, 11:04:55 AM
Hello there,
thought about starting to mine bitcoin, but someone told me that vit it not worth it anymore because of the high mining difficulties.
My second question is how i should start, if i want to mine.
I mean: What miner is the best for beginners and what software should i use?
Thanks in advance,
Vincent aka chirupte
If you are planning to mine bitcoin at this difficulty level you must invest a good amount of money as initial capital,purchasing of hardware is the biggest step,if you are planning to buy new ASIC machines you can check avalonminer and Bitmain as they are manufacturing mining equipments .It all depends upon your budget ,since you are a newbie here you can also take a look at alt coin mining which i think is more convenient if you have a limited budget.